Federal aid can come in the form of a Pell Grant, for families with an Expected Family Contribution (EFC) below $5,000; federally guaranteed student loans, such as the Stafford Loan; and College Work-Study, where students work on campus for up to $3,000 per academic year.
Need help paying for your Tisch education?
Financing a college education can be challenging for many students and their families, and navigating the financial aid system can be confusing. The Office of Student Affairs is here to help. Through timely workshops and individual counseling, and working closely with NYU’s Office of Financial Aid, we demystify financial aid and help students maximize all available resources to pay for their education.
All undergraduate financial aid at Tisch is need-based--that is, we do not offer scholarships based purely on merit. Freshmen apply for financial aid by filing the Free Application for Federal Student Aid (FAFSA) and the CSS/Financial Aid PROFILE (transfers only file the FAFSA). Both are required, and deadlines are strictly observed. All students who file the FAFSA and CSS/Financial Aid PROFILE are automatically considered for federal, state, and NYU scholarship aid; there are no further applications required. Returning students must file a new FAFSA (but not the CSS/Financial Aid PROFILE) every year to maintain eligibility for financial aid. Again, be sure to meet filing deadlines. For questions, please feel free to contact the Office of Financial Aid.
Some states provide funding for qualified students. For example, New York has the TAP Award for New York residents meeting certain income qualifications.
Scholarships are grants that students do not have to pay back. They either come from general School funds or from special funds endowed by donors.
College Work-Study is a federally subsidized program that supports on-campus jobs for students who qualify for financial aid. Students register for Work-Study at the Wasserman Center for Career Development, but find their own jobs by perusing job lists, submitting resumes, and interviewing at University offices. Students with Work-Study jobs are paid by check on a biweekly basis. The amount students can earn and the hours they can work are limited.
Loans are a basic part of a student’s financial package and come in several forms: subsidized and unsubsidized loans guaranteed by the federal government; parent PLUS loans; and, occasionally, private loans. Private loans typically carry a higher interest rate and should be used only as a last resort.
Graduate Financial Aid
All graduate financial aid is awarded by the student’s academic department. Applicants apply for financial aid by checking the appropriate box on the application for admission. US citizens and permanent residents are strongly encouraged to complete the Free Application for Federal Student Aid (FAFSA) in order to be considered for federal loans.