Financial Aid & Scholarships for Undergraduate Students
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The Financial Aid Office
If you would like more information about financial aid and scholarships, you can contact the NYU Financial Aid Office. The office is in the Washington Square Village (WSP), Room 1002, on the second floor. They are open Monday through Friday from 8:30 a.m. to 5 p.m. You can reach them by phone at 212-998-2220 or by email at finaid@nyu.edu
How to Apply for Aid
You must complete the Free Application for Federal Student Aid (FAFSA) to apply for aid. You can use this online application to determine your eligibility and receive information about federal, state and institutional financial aid programs. The FAFSA is free and can be completed at http://www2.ed.gov/fafsa/.
The FAFSA provides information colleges and universities use to determine eligibility for federal student loans, grants, work-study funds, scholarships and other forms of financial assistance. Suppose you are applying as an undergraduate student attending full-time school (12+ credits). In that case, we recommend completing the FAFSA as early as possible to have ample time before our deadlines so we can process any changes made by you or other schools if necessary.
Financial Aid & Scholarships at NYU
Federal Loans
Federal loans are available to undergraduate students who have demonstrated financial need. These loans come in two forms: subsidized and unsubsidized. Subsidized loans are awarded based on your financial status, so you don’t have to pay interest while still in school or during the grace period after graduation. Unsubsidized loans do not have this benefit and accrue interest as soon as they’re disbursed from your lender’s account; however, federal law requires that all undergraduates complete a FAFSA every year–regardless of whether or not they want or need any additional funding beyond what their parents can provide them with–so it’s essential not to overlook these options when considering your total cost of attendance at NYU!
Federal loans also feature flexible repayment options (including income-driven plans), which means that even if something unexpected comes up down the line, like getting married or having children (or both), there won’t be any trouble paying back what you owe because payments can be adjusted based on changes made throughout life stages such as these mentioned above.”
Tuition & Other Costs
The cost of attendance at NYU is the same for all students. The only difference is that some students may receive financial aid and scholarships to help pay their living expenses, while others will not.
Living expenses vary based on each student’s situation and needs. For example, suppose a student has dependents they are financially responsible for, such as children or parents. In that case, their living expenses will be higher than those of those students who do not have dependents living with them on campus. Similarly, if you live off-campus instead of in residence halls at NYU’s Washington Square campus (WSP), your accommodation costs will likely be higher than those on campus.
NYU has many options available to help offset these additional costs so that no one feels burdened by them
Federal Work-Study Program
Federal Work-Study is a need-based program that allows you to earn money to help pay for your education. You will be paid at least the federal minimum hourly wage, $7.25/hour, in 2019. You can work up to 20 hours per week and receive an award letter that specifies how much money you are eligible for based on your financial aid application.
If you qualify for Federal Work-Study, it will appear on your Student Center as soon as we receive notification from the US Department of Education (DOE). The DOE determines eligibility based on family size and income level; therefore, it’s essential to submit all documents by their deadlines so they can process them in time!
NYU School of Medicine’s Student Financial Services Office
The NYU School of Medicine’s Student Financial Services Office is here to help you with any questions or concerns about paying for your medical education. The office offers a variety of financial aid options, including scholarships and loans, as well as resources for managing your money throughout the school year.
The staff at this office can also assist with billing issues or insurance coverage if you need any help with those areas. If you’re having trouble paying tuition, they may be able to work out an agreement with your bank or credit union so that they’ll defer some payments until after graduation–this way, no matter what happens during medical school (like losing a job), it won’t affect your ability to pay off loans later on in life!
The financial aid process can be challenging, so research and ask questions.
The financial aid process can be challenging, so research and ask questions. The Financial Aid Office will help you through the process. However, it’s essential to understand what information they need from you and what is expected of them to assist.
Be prepared to answer questions about your family income, assets and other financial information