tuition at new york university

tuition at new york university

The Cost Of Studying At New York University (NYU)

The pace at which college tuition has increased over the past few decades is enough to scare any high school student or concerned parent. The cost of attending the nation’s more prestigious academies can be particularly daunting.

New York University, with a main campus in Manhattan's Greenwich Village, is no exception. Current tuition is a whopping $50,464 per year, a figure that is slightly higher or lower depending on which college one attends. Add in room, board and other fees, and the annual price comes to $68,128 for 2017-18 academic year.

That makes NYU an expensive option, even compared to other non-public institutions. According to the College Board, the average annual tuition at a private university is $34,740 for the 2017-2018 academic year. With room, board and fees included, the total is $46,850. That means, over four years, a typical NYU student will pay $85,112 more than the average for a private-university attendee.

It’s worth keeping in mind that NYU is ranked much better than average in surveys. For example, U.S. News & World Report puts NYU at No. 30 among national universities for 2018. It also has a comparatively brainy student body, with a composite SAT score averages at 1410 in 2016.

In addition, NYU – the largest private university in the country, with more than 53,000 total students – offers a unique cultural experience. One of its biggest draws is its urban New York City campus, located in one of the city's coolest neighborhoods. NYU also offers the chance to spend a semester in places like Paris, London, Abu Dhabi and Shanghai; it has more students studying abroad than any other college in the U.S.

Most financial aid awarded by NYU comes in the form of need-based grants and scholarships. To determine eligibility, students must complete both the FAFSA (Free Application for Federal Student Aid) and a separate form called the CSS/Financial Aid PROFILE.

NYU has no separate application for merit scholarships for students who demonstrate exceptional academic ability. Students are automatically considered for "any scholarships where merit is considered" when they send in their application. According to the university website, the average scholarship/grant for those entering the university in 2017 was nearly $37,000.

NYU also offers a limited number of awards to non-U.S. citizens, who make up a sizable portion of the student body. In this case, the university uses both financial need and academic achievement to determine a financial aid package.To be considered, international students need only to complete the CSS/Financial Aid PROFILE. (For additional funding ideas, see Private Student Loans For International Students.)

Despite its steep price, research indicates that an education from NYU is still a good value overall. That’s because the odds are that students will secure a competitive salary once they graduate. According to the 2017-2018 College Salary Report from the data firm PayScale, the median early career salary for an alum with just a four-year degree is $58,700, and the mid-career salary median is $117,000. NYU ranks 70th among more than 1,509 institutions nationwide (schools were ranked based on mid-career salary). When the survey includes those who went on to get advanced degrees, NYU ranks 81st and the median early career salary is $59,800, reaching $119,600 at mid career.

That trend seems to hold over the long run as well. PayScale has NYU-Poly at No. 172 when it comes to the 20-year return on one’s investment. When you factor in getting financial aid and compare NYU-Poly grads only to those from private colleges or paying out-of-state tuition at public universities, it jumps to No. 132, with a median 20-year net payout of $542,000.

Note, by the way, that these are overall figures; the PayScale survey shows that the choice of college major can make a grad's income much higher or lower.

Students without financial aid can expect to pay above-average tuition in order to attend New York University. Graduates tend to do well, which can offset the cost. Return on investment isn't the only reason to choose a school (or a field of study). But if it is a central concern, it's worth exploring the PayScale survey to determine whether there are lower-cost choices that yield similarly good ROIs.

Tuition for CUNY Undergraduate Programs

(Effective Fall 2017)

1 Tuition based on taking 15 credits per semester

2 Students who live in NY State but do not live in New York City may be eligible for the same tuition as a NYC resident. To pay NYC tuition, you must submit a Certificate of Residency Form to the Bursar’s Office by a specified date.

There is more to the cost of education than just tuition and fees. Whether you are planning to attend CUNY as a half-time or full-time student, you can approximate your own expenses for the academic year (nine months) by considering the items below. Your Cost of Attendance at CUNY includes the budget below in addition to your tuition and fees.

Registered students are assessed tuition and fees based on a variety of factors. The following criteria are used to determine the amount of tuition a student is assessed each semester:

  • School or College within New York University
  • Program
  • Credit Hours Enrolled

NYU students are placed into one of the university’s schools or colleges, based on their major or program. A student’s level is defined as Undergraduate, Graduate or Professional (Medical, Dental or Law). The level of the courses is not a factor in how students are assessed. Students who register for classes outside of their home school are charged their home school rate.

Rates for the Fall, Spring and Summer terms are listed above by year and school. January Term rates are based on the school offering the class.

Disclaimer: The Board of Trustees of New York University reserves the right to alter the schedule of fees without notice

Cost to Attend New York University

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $69,710 published price if scholarship or grant aid is made available to you.

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported New York University net price for in-state students is $35,543* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

53% of New York University students received grant aid in 2014/2015. The average total aid amount was $26,447. 23 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,628. To apply for a Pell Grant to attend New York University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Average Financial Aid Mix - $69,710 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $69,710. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

Money granted to you by the U.S. Department of Education, New York University or other organizations. These are not loans and do not need to be repaid.

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

To make a comparative assessment if New York University is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 94/100 for New York University. Considering an average net price paid of $36,834, this leads to an overall value ranking of 62/100. This places the school 152nd on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Tuition Comparison to Similar Private Colleges in the Region

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at New York University.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at New York University is $278,840 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $36,834 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $147,336**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $348,550 or $184,170 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at New York University.

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at New York University are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 41% of New York University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $7,233. The reported average student debt upon graduation is $30,688.

Example Loan Payments and Costs

How much are student loan payments for New York University? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $147,336, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $182,810.19. This could be your effective total out of pocket cost of an education at New York University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 53% of students at this school who receive financial aid and you are paying an average annual net price of $36,834. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our New York University student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

Compare New York University Tuition and Fees

How much does NYU charge for tuition now, and how much can they ask for down the road? How do these charges rival other colleges? Learn more here.

Knowing tuition and fees related to going to NYU allows you to plan a budget for 4-6 years. Look at the numbers following to learn how NYU's price stacks up to other colleges and if you need to prepare for a rise in tuition.

How Much Does NYU Charge for Tuition?

Full-time students at New York University paid $49,062 in fees and tuition in the 2016 - 2017 school year, prior to corrections for financial aid. $46,590 was the cost of tuition. $2,472 was the charge for fees.

Alas, this college doesn't offer any tuition discounts to in-state students.

New York University fees and tuition is the amount billed to undergrads for one year of attendance, and does not include room and board. However, many students wind up having to pay below maximum tuition because they qualify for financial aid along with other reductions.

The subsequent table shows the expenses defined above for the 2016 - 2017 academic year.

Tuition & Fees Five Year Projection

There continues to be a growth of 3.4% in New York University fees and tuition for out-of-state students in the past five years. Tuition expanded by 3.5% and fees expanded by 2.0%. This school year, undergraduates can expect to pay $50,740 if the growth keeps up.

Due to price growth, the total expense of a four-year degree from NYU would be $213,611, and the total cost of a two-year degree would be $103,215, not including added expenses for books, transportation, and room and board.

View predicted potential tuition and fees for NYU students in the below chart.

At many colleges you'll wind up spending more in your final year of school than you will in your first. This is because of yearly cost growth. It's good to keep yourself informed!

Get your finance college questions resolved in our tuition & fees FAQ.

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