When selecting a graduate program, one of the most important factors to consider is cost. Learn more about NYU tuition, besides our tuition and fees.
Tuition Cost and Fee
Tuition at New York University is $58,168. New York University is more expensive than the national average tuition of $41,568.
These figures include tuition and fees, also known as the sticker price. Fees vary by institution and may cover library services, student gyms, student centers, technology resources, and campus health centers.
When comparing the costs of various institutions, consider both the total cost and the net price. The total cost includes the sticker price, room, and board, books, and supplies, transportation, and personal expenses. The total cost at New York University is $80,878.
The net price is the average cost of the university after financial aid and they deducted scholarships from the total cost, which is $43,013 for the average student receiving need-based aid.
General Cost of Attendance
Cost of attendance for undergraduates in 2022-2023 Session (two semesters, full time) including Tandon School of Engineering:
| On/Off-Campus Student | Commuter Student | |
| Tuition and mandatory Fees | $58,168 | $58,168 |
| Room and Board | $20,272 | $2,658 |
| Estimated Total Costs | $78,440 | $60,826 |
| Books and Supplies | $752 | $752 |
| Transportation | $1,155 | $0 |
| Personal Expenses | $2,903 | $2,903 |
| Estimated Total Indirect Costs | $4,810 | $3,655 |
| Total | $83,2540 | $64,481 |
NYU Tuition Financial Aid Statistics
Financial aid is money given to students to help them pay for college. They usually gave it based on need or merit.
The FAFSA, or Free Application for Federal Student Aid, determines your or your family’s showed ability to pay for college. The average need-based scholarship or grant given to first-year students at New York University was $53,711.
Federal loans and work-study are examples of need-based self-help aid. First-year students received an average of $4,357 in need-based self-help aid.
Merit-based aid, also known as non-need-based aid, is given in recognition of a specific talent or academic achievement. The average non-need-based scholarship or grant awarded to first-year students at New York University was $20,612 (excluding any athletic scholarships, if applicable).
57% of New York University’s students received financial aid.
READ ALSO
NYU Tuition Scholarships
Scholarships are a type of funding that does not require repayment. Need-based scholarships consider a student’s financial situation.
Merit-based scholarships are given to students who have excelled in academics or sports. You may also be eligible for a scholarship based on your community service, unusual hobbies or characteristics, personal background, or a parent’s employer or military affiliation.
Some students receive scholarship funds sufficient to cover their tuition and living expenses.
NYU Tuition Student Loans and Debt
The median federal loan debt among borrowers who completed their undergraduate degree at New York University is $20,500. The median monthly federal loan payment (if repaid over ten years at 5.05% interest) for graduated student federal loan borrowers is $205.
4% of New York University’s graduating students took out private loans. At graduation, students with private loans owed an average of $62,692 in private loan debt.
NYU Tuition for Medical Students
Tuition will now be covered for all past and current students, regardless of merit or financial need, according to the School of Medicine.
This includes international students, making NYU the only top-tier medical school in the country to offer full tuition scholarships to all students.
The university complained about graduates’ ‘overwhelming financial debt,’ which could lead aspiring doctors to choose more lucrative specialties over general roles, or even put them off studying medicine altogether.
The NYU initiative is effective immediately and will cover tuition fees of $55,000 per year for 443 current students. Students must, however, self-fund their room, board, and other fees and expenses, which total around $27,000 per year.
Over 2,500 supporters contributed to the scheme, including a $100 million gift from Kenneth G. Langone and his wife Elaine, after whom the school it named.
How Do I Get a Full Ride to NYU?
To be eligible for an NYU scholarship, students must have a high GPA and test scores, important extracurricular activities, and compelling personal essays.
They also recommended that you take advanced classes, demonstrate financial need, apply to programs with high funding, enroll full time, and take at least 12 credits.
What GPA Do I Need to Get Into NYU?
You should also have a GPA of 3.69 or higher. If your GPA is lower, you must make up the difference with a higher SAT/ACT score. You’ll also need to impress them with the rest of your application for a school as selective as NYU.
Does NYU Offer full Ride Scholarships?
Scholarships from AnBryce
The award is renewable for up to four years of undergraduate study at NYU and covers up to the cost of tuition. Students must maintain a minimum GPA of 3.5 and take part in program activities.
Is It Hard to Get Into NYU?
NYU has become increasingly competitive in recent years. NYU’s acceptance rate in 2023 was 12.2%, the lowest on record.
That means that for every 100 applicants, NYU accepts 12 of them. With an acceptance rate of only 12%, NYU is extremely selective—and only getting more so.
READ ALSO
Is NYU Ivy League?
Although NYU is not an Ivy League school, they frequently compared it to the Ivies in terms of academics, research, and athletic prestige.
In fact, Newsweek named the school a “New Ivy” because of its impressive admissions statistics and high-quality education.
Is NYU An Elite University?
According to Times Higher Education, NYU is the 26th best university in the world and the 26th best university in the United States.
It also ranks NYU 17th in terms of arts and humanities and 87th in terms of engineering and technology.
We believe this article has done justice to the NYU Tuition. Please keep visiting our page for more articles like this.