In 2022, tuition for full-time students at NYU was $60,438 a year.
In 2023, tuition increased 9.13%–from $55,384 the previous year. Usually, college tuition goes up about 3% every year.
Remember, the advertized cost of tuition doesn't give you all the info you need to know how much you will actually have to pay for college. Many students find the actual cost of college is a lot less than the total tuition after grants, scholarships, and tuition discounts are applied. Plus, student loans can make theprice of collegemore manageable until you're done with college.
New York University meets 65.2% of the demonstrated financial need for undergraduates. First-year students that attend New York University full-time are awarded $59,903 a year in financial aid, on average.
The average student debt for graduates in the class of 2023 was around $26,388 per student, not including those with no debt.
New York University is a private, nonprofit institution, so it has the same tuition for residents of New York as it does for students who live in other states.
Public schools receive funds from the state to help them cover costs. These institutions offer reduced tuition for those who qualify as New York residents.
Choosing a school where you qualify for the reduced tuition offered to state residentscan save students a lot of money on the overall cost of college. Be sure to verify your state's requirements for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements too, depending on the state you and your parents currently live in.
New York University has the same tuition for international students as for those from out of state.
International students are not eligible for federal financial aid, but should research private or school-specific grants, scholarships, and other funding opportunities. International students who demonstrate financial need may be eligible for the following types of financial support at New York University:
•On-campus jobs •Loans from outsideNew York University •New York University-specific scholarships •International Students Tuition Waivers
International students without financial need may be eligible for merit-based institutional scholarships.
Tuition is not the only cost of attending college; there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at New York University.
Room and board at New York University costs $24,102 a year. This covers the cost of living in dorms or other on-campus housing, plus a dining plan that allows you to eat all or some of your meals the school dining facilities.
Meal-plan costs can depend on how many meals are included in the plan you choose.
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books and supplies depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
The majority of colleges charge some yearly fees to help cover the cost of facilties, like the library, gym and computer labs.
Keep in mind, there could also be other costs associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Most colleges offer ways so that those with financial need to find ways to lower or eliminate these costs.
The total cost of transportation in college can really vary. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus small enough that you can easily walk from class-to-class?? Do you own a car, or will you need to use public transportation? All of these questions can drastically impact your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.
The location of a college or university can also have a big effect on the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in an urban area can be expensive, but cities may offer more buses, trains or low-cost flight options to actually get to school. The New York University campus is located in a city in New York, near New York City.
When you're planning for college, don’t forget to leave some room in your budget for the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s look at the breakdown of all expenses, to get a better idea of the actual cost of attending New York University.
What will the cost of attending New York University be? Here is a breakdown of tuition and expenses.
|2023 Total Tuition and Expenses|
|Room and Board||$24,102|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
New York University’s tuition and fees change based on: •Academic program for both full and part-time students •Course load for full-time students
In 2023, 10,229 of the 29,401 undergrads enrolled received financial aid. New York University meets 65.2% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $59,903 a year. Around 33% of New York University undergrads take out student loans to cover any remaining costs. New York University graduates who have student loans graduate with an average of $26,388 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|New York University-Specific Loans||$8,883|
|Most Common Loans for New York University Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on New York University financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2023, New York University awarded 9,782 need-based scholarships to students, giving away total of $422.4 million to help students with financial need cover the cost of school. An additional $53.57 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for New York University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at New York University was $59,903 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of New York University seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending New York University really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the New York University's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
New York University does not have guaranteed tuition.
New York University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.
NYU has some full or partial tuition waivers available for: - International Students - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.
New York University's endowment was valued at $5.2 billion in 2023, compared to a national average of $905 million. For each full-time student, New York University spends about $33,254 a year.
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