Studying at NYU can be an expensive affair. However, you can’t let money stop you from pursuing your dreams especially when the ROI is great.
But planning finances will take you a long way.
This article covers everything you need to know about NYU financial aid for international students.
Along with NYU scholarships for international students there are also grants, loans, employment and other opportunities you can explore to raise funds for your education.
In this article we will cover:
- General costs of studying at NYU
- Scholarships and Grants
- Federal Loans
- Private Loans and how you can save money on them
- Employment opportunities at NYU
- Exclusive scholarships
How much should NYU financial aid for international students cover?
Let’s start with the cost. Unless you know the total cost, there is no point looking into funding.
This table illustrates the major anticipated costs based on which you can apply for NYU scholarships for international students.
General Costs at NYU
|Tuition and Mandatory Fees
|Room and Board
|Estimated Total Direct Costs
|Books and Supplies
|Estimated Total Indirect Costs
These costs will vary depending on the school you are attending and your course.
Now, that you have an estimate of the costs here are the types of aid available at NYU:
- NYU scholarships for international students and grants
- Federal Loans
- Private Loans
- Student employment
NYU scholarships for international students
Here are some of the NYU scholarships for international students.
|NYU scholarships for international students
|Global Pathways Scholarship
|Up to $4,000 per semester
|Students in NYU Global Academic Center for fall, spring, or the full academic year.
|Global Programs Merit Scholarships
|$1,500 per semester
|Students who applied by the regular deadline (2/15 or 9/15) to an NYU Global Academic Center for fall, spring, or the full academic year.
|Study Away Need-Based Grants
|Students who applied by the regular deadline (2/15 or 9/15) for a semester study at one of the NYU Academic Centers.
|CAS Dean’s Opportunity Fund for Study Away
|The fund helps to replace loss of income, up to $1500
|Need-based financial assistance to CAS students.
|Marc and Ruti Bell Public Service Scholarship
|$8,000 annual scholarship renewable until graduation
|Current second- and third-year NYU undergraduates.
|The Foreign Language and Area Studies Fellowship
|Each award will include full tuition and will provide a stipend of $2,500.
|Supports undergraduate and graduate students who will study Arabic, Hebrew, Hindi, Persian, Turkish and Urdu as an integral part of an academic program focusing on the Middle East.
|Abraham and Anna Puller Global Chemistry Scholarships
|Up to $5,000 for each semester of study abroad, not to exceed $10,000 for any one recipient.
|An NYU chemistry major who has enrolled in a study-abroad program.
|Wasserman Center Global Internship Grant
|Students pursuing unpaid internships in qualifying industries during the fall and spring.
Federal loans – NYU financial aid for international students
Federal loans, unlike NYU scholarships for international students, require that you pay back the amount you receive, along with interest. The interest rates are generally lower than what private loan providers offer.
|Federal Direct Loans
|Includes Direct Subsidized, Direct Unsubsidized, Parent PLUS and Graduate PLUS loans.
|Satisfactory academic progress and financial need.
|Federal Nursing Student Loan
|Student loan at 5% internet that does not accrue while you remain enrolled at least half-time in a nursing program.
|Students who demonstrate a financial need and are enrolled at least half-time in the College of Nursing.
|Health Professions Student Loan Program
|Student loan at 5% internet that does not accrue while you remain enrolled at least full-time student in the program.
|Students who demonstrate a financial need and are enrolled full-time in the College of Dentistry.
You can apply for these loans through FAFSA.
You have a limit on how much you can borrow. This table will explain the limitations.
|*Except students whose parents are unable to obtain PLUS Loans
|*And dependent undergraduate students whose parents are unable to obtain PLUS Loans
|1st year undergrad.
|$5,500—No more than $3,500 of this amount may be in subsidized loans.
|$9,500—No more than $3,500 of this amount may be in subsidized loans.
|2nd year undergrad.
|$6,500—No more than $4,500 of this amount may be in subsidized loans.
|$10,500—No more than $4,500 of this amount may be in subsidized loans
|3rd year and beyond undergrad.
|$7,500 per year—No more than $5,500 of this amount may be in subsidized loans.
|$12,500 per year—No more than $5,500 of this amount may be in subsidized loans.
|Graduate and Pro-
fessional Degree Students
|Maximum Total Debt from Sub-
sidized and Unsub-sidized Loans
|$31,000—No more than $23,000 of this amount may be in subsidized loans.
|$57,500 for undergraduates—No more than $23,000 of this amount may be in subsidized loans.
$138,500 for graduate or professional students—No more than $65,500 of this amount may be in subsidized loans. The graduate debt limit includes all federal loans received for undergraduate study.
Private (Non-federal) Loans – NYU financial aid for international students
Private loans could come from a bank or other education loan provider. Usually, interest rates, terms, conditions, and eligibility requirements will vary with private loans. Some private loans do not offer full deferment options.
We recommend that you look for student loans in your home country. India offers many perks with education loans like the moratorium period which allows students to enjoy interest-free loans till they graduate.
However, going for an international loan could mean that you get a collateral-free loan without a cosigner.
Check out FundRight, India’s first education loan bidding platform.
- Fastest & easiest way to your education funding
- Get the lowest possible interest rates
- Lenders bid on your profile, anonymously.
The best part is that, we compare public/private sector banks, NBFCs, and international lenders who are happy to finance your education in India or Abroad. So, you only need one platform.
Submit your profile once, get customized loan offers from all. Compare them and select the one that best suits your needs.
Exclusive FundRight perks:
- Loans within 2 days
- Complete all the paperwork, online. No need to go to the banks as they come to you.
- Find customized offers with better terms
- Get loan offers without collateral
- Save up to 23 lakhs in your loan journey
With Fundright you can also get exclusive NYU scholarships for international students. This is covered in the last part of the article.
There are two types of student employment: federal work-study and a job. If you don’t quality for NYU scholarships for international students, student employment can help you make ends meet.
In addition to scholarships and loans, your financial aid package from New York University may also include eligibility for work-study.
If you qualify for the Federal Work-Study Program, you will receive a fixed amount of money that you can use to pay for 15 to 20 hours per week of approved employment.
Work-study positions are not certain.
You will receive direct biweekly payment for your Work-Study earnings. These funds are typically used for personal costs, transportation, and books.
Some Study Away locations, although not all, offer Work-Study.
Apply for a Job
The Wasserman Center for Career Development has listings for positions that you can apply for and is a form of NYU financial aid for international students
Jobs are available across departments and organizations, but they are not guaranteed. Following the payment of your tuition deposit, you can start using the center.
Students who meet the requirements should apply for the Work-Study positions they are interested in. The majority of jobs require an interview.
You will be paid an hourly rate from your Work-Study award if you are recruited for a Work-Study position.
The center can also assist you in locating on-campus jobs that are not funded by federal Work-Study.
Graduate Assistantships – NYU financial aid for international students
In some institutions, graduate students can apply for assistantships or teaching fellowships. Tuition is waived in exchange for an assistantship or teaching fellowship. You will also get a stipend.
- Conduct research,
- Participate in other tasks that are necessary for the department as an assistant or fellow.
To learn more about applying for a fellowship or an assistantship, you should speak with your department directly.
Your eligibility for several types of financial aid may be impacted by assistantships and teaching fellowships.
If your financial aid document does not specify your assistantship, get in touch with both the Office of Financial Aid and your department.
NYU scholarships for international students after FundRight
GradRight announced INR 4 Crores of Scholarship announced for GradRight’s Spring-Fall 2023 students. These scholarships are only for Indian students so you have less competition.
|GradRight Prodigy Scholarship
|10 Deserving Students
|All students who have availed their education loan through GradRight with Prodigy Finance as their lender; will be considered for the opportunity.
|GradPRIDE Study Abroad Scholarship for LGBTQIA+ Student
|₹2,00,000, 1 deserving student
|Exclusively for LGBTQIA+ students
|Women Empowerment Scholarship
|₹2,00,000, 1deserving student
|The GradRight PinkWings scholarship is a study abroad scholarship for women only.
|$3,000 1 deserving student
|Based on academic excellence and financial need.
You do not need to go through any parallel procedure for these scholarships. Once you start the loan process with GradRight, you are auto-enrolled.
However, to get shortlisted in the pool of finalists, one needs to complete their loan disbursement. The decision taken by the GradRight Scholarship Committee shall be deemed final.
FundRight assigns you with a financial advisor. You can approach them with your questions.
Now that you know about the NYU scholarships for international students it is time to apply for as many as you qualify for. Visit the official page for more information.
The subsidiary pages of NYU scholarships for international students has detailed information including deadlines and eligibility criteria which can help you.