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The expense of schooling has increased in the modern era. Thus, you must be aware of the expense of NYU tuition if you intend to pursue further education there. NYU's tuition, housing, and food cost are exceedingly high. The good news is that students can choose from various financial help options. Students can also submit a FAFSA application to lower their overall cost of attendance at NYU.
Cost To Go To New York University
You should constantly examine the net and overall costs when comparing universities' prices. The cost of tuition and fees is added to the price of accommodation and board at NYU, personal expenses, supplies for books, and transportation costs. The average cost students pay is the net cost, which is the sum of all financial aid and scholarships less the total cost.
The tuition and fees for New York University vary depending on the program and the student's residency status. For undergraduate students, the tuition and fees for the 2021-2022 academic year are as follows:
- Full-time undergraduate students who are residents of New York State: $55,538
- Full-time undergraduate students who are not residents of New York State: $55,538
- Part-time undergraduate students who are residents of New York State: $1,846 per point
- Part-time undergraduate students who are not residents of New York State: $2,182 per point
NYU Cost of Attendance
The cost of attendance at New York University (NYU) includes more than just tuition and fees. Instead, it estimates the total amount of money a student will need to pay for the entire academic year to cover expenses such as tuition, fees, room and board, books and supplies, transportation, and personal expenses.
For undergraduate students, the cost of attendance for the 2021-2022 academic year is as follows:
Different Expenses | Out-State | In-State |
Tuition and fees | 54,800 | 54,800 |
Room and board | 19,244 | 19,244 |
Books and other supplies | 718 | 718 |
Other expenses | 2,624 | 2,624 |
Total NYU Cost of Attendance | 77,466 | 77,466 |
Average Net Price as Per the Family Income
The net price of attendance at New York University (NYU) for a given student can vary depending on the student's family income and the type of financial aid they are receiving.
On average, students from families with lower incomes tend to pay less for college than those from families with higher incomes. To get this benefit, lower-income families need to apply for a financial loan through FAFSA.
Family Income | Average net price |
$110,000 + | $55,558 |
$75,001-$110,000 | $42,581 |
$48,001-$75,000 | $35,511 |
$30,001-$48,000 | $26,366 |
$0-$30,000 | $25,964 |
NYU Room and Board Expenses
The room and board expenses at New York University (NYU) refer to the costs of housing and meals for students. The cost of housing and meals can vary depending on several factors, including the type of housing (e.g., residence hall, apartment), the meal plan, and the student's location (e.g., New York City or a study abroad program).
Room and Board Expenses | Off-Campus | In-Campus |
Room and board | $19,682 | $19,682 |
Book and other supplies | $2,624 | $2,624 |
Other expenses | $718 | $718 |
Financial Aid For Students at NYU
Many students need to be financially sound enough to bear the expenses independently. Therefore, New York University (NYU) offers a range of financial aid options to help students cover the cost of attendance. The main types of financial aid available to students at NYU include scholarships, grants, loans, and work-study programs.
- Scholarships: NYU offers merit-based scholarships to students who demonstrate academic excellence, artistic talent, or leadership potential. These scholarships are awarded based on students' achievements without regard to their financial needs.
- Grants: NYU offers need-based grants to students who demonstrate financial need. These grants don't have to be repaid and are awarded based on the student's expected family contribution (EFC) and the cost of attendance.
- Loans: NYU offers a variety of loan options, including federal and private loans, to help students finance their education. These loans must be repaid with interest, and students are encouraged to borrow only what they need.
- Work-study: NYU offers a federal program that allows students to earn money to help pay for their education by working part-time on campus.
The first step in applying for financial aid is to complete the Free Application for Federal Student Aid (FAFSA) and the CSS Profile. It's recommended to check the official website of New York University for the most recent and accurate information and also to get an estimate of the aid package you will receive; you can use the Net Price Calculator provided by the institution.
Unlike other private universities, NYU's tuition and fees are on the higher end of the spectrum. The cost of attendance at NYU is more expensive than at other private universities. However, it is important to note that the cost of attendance can vary depending on several factors, including the student's location, the type of housing, and the student's lifestyle.
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