Scholarships and Grants
Scholarships and grants are types of gift aid that do not have to be repaid. They may take the form of University scholarships, federal or state grants, or outside scholarships. A financial aid package at NYU takes into account both financial need and academic merit. NYU awards very few exclusively merit-based scholarships, as we are committed to using the vast majority of our scholarship funds to assist students whose families are unable to pay the full cost of an NYU education. If you would like to be considered for merit-based scholarships, please be sure to complete the FAFSA and/or CSS Profile (depending on citizenship and campus of interest). We are unlikely to award scholarships to students who have not submitted these items by our deadline.
For most undergraduates, eligibility for a merit-based and/or need-based scholarship is determined upon entrance to the University based on prior academic strengths and, if you apply for financial aid, your demonstrated financial need. Typically you will continue to receive for subsequent academic years the amount of scholarship you received for your first year (subject to the availability of funds), as long as the following criteria are met:
- You are a full-time student (at least 12 points).
- You applied for financial aid on time.
- You are meeting the Satisfactory Academic Progress standards.
- You have approximately the same amount of financial need that you had in prior years.
Note: If your eligibility for any federal aid you receive is jeopardized for reasons other than financial need or academic merit (e.g. if you are in default on a federal loan, or if you did not respond to the University’s requests for tax information and income verification), then your NYU scholarship may also be affected.
New York University Scholarships
State Scholarship and Grant Programs
New York State offers a wide variety of grants and scholarships to residents, subject to the annual availability of funds. Although application is made directly to the state and grants are awarded by the state, the amount each student is expected to receive is estimated and taken into account by NYU when assembling the student’s financial aid package.
Some students from outside New York State may qualify for funds from their own state scholarship programs that can be used at New York University. Contact your state financial aid agency (call 1-800-433-3243 to obtain contact information) to ask about program requirements and application procedures. When you receive an eligibility notice from your state program, you should submit it immediately to the NYU Office of Financial Aid.
In addition to the sources of gift aid described above, you may also be eligible for a private scholarship or grant from an outside organization or agency. Some sources to explore are employers, unions, professional organizations, and community and special interest groups.
Free Access to Scholarship Matching Through Scholly
In 2016, the Affordability Steering Committee and Working Group partnered with Scholly, a scholarship search tool, to provide NYU students free access to a nationwide portfolio of $420 million in potential scholarships. Scholly matches students with appropriate scholarships based on specific criteria the student enters, such as their anticipated major (healthcare, engineering, social work, etc), interests (volunteering, theatre, religious affiliation), artistic or athletic talent, or background (child of a veteran, first generation college student, financial need, etc). Average awards are between $500 and $1,000.
To access Scholly, simply:
- Go to https://app.myscholly.com/NYU.
- Enter your NYU email address and create a password.
- Choose your search criteria and get matched*.
Various other scholarship search services are available free online, and a representative sample is included on the drop menu below. The scholarships and information presented by such services are not verified or endorsed by NYU. You must notify the Office of Financial Aid if you receive funds from any outside organization*.
* Outside scholarships are considered a financial aid resource and must be added to a student’s financial aid award. The Office of Financial Aid first applies the outside scholarship to a student’s unmet need that is not already covered by financial aid. In some cases, loans not based on financial need may be reduced (private loans, Federal Unsubsidized Loans, Federal PLUS Loans, Graduate PLUS) in order to accommodate the addition of an outside scholarship. If the student’s need is already met by need-based aid, then that aid is replaced with the outside scholarship. Need-based loans are first replaced. If the outside scholarship exceeds the loan amounts, work-study and need-based grants are the next to be replaced. In most cases it is not necessary to reduce an NYU scholarship. Total aid (including outside assistance) cannot exceed the cost of attendance.
Source : https://www.nyu.edu/
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