Tuition, Billing and Financial Aid FAQs

Tuition and Billing

How much does the (Counseling@NYU) program cost?
Tuition is based on the number of credits for which you register. Current tuition rates can be found on the Tuition & Financial Aid page.

Are there additional fees assessed on top of tuition?
In addition to tuition, there are registration/student service fees assessed. Current tuition and fee rates can be found on the Tuition and Fee Rates page.

How much is the enrollment deposit, and when is it due?
There is a $200 non-refundable enrollment deposit due once admitted.

Can I use financial aid to cover the deposit?
No, federal student aid cannot be used to pay the deposit.

Will I be able to view my award package before submitting the deposit?
Yes, you do not need to deposit in order to be packaged for financial aid.

When will I receive a tuition bill and when is payment due?
Payment deadlines are listed on the Student Accounts page.

How do I view my bill?
All students who enroll for courses will receive an email at their official NYU email address (netid@nyu.edu) notifying them a bill for tuition and fees now available. The eBill notification will only be sent to this address.

What are the accepted forms of payment?
Payment methods include electronic check through eSuite, personal check or cash.

How does my employer go about paying the school?
The third party billing process is initiated when the University receives a financial guarantee or authorization from the sponsor or student. For more information, please visit the Third Party Sponsors web page.

Are payment plan options available for online students?
NYU offers the Deferred Payment Plan option for online students. For additional information, contact the NYU Office of the Bursar.

What are the consequences if my tuition bill is not paid when classes begin?
Students can start classes but need to have a bill completely satisfied before they are able to register for the next term, and will be held responsible for any unpaid tuition.

If I’m eligible to receive a refund, what is the process?
Details on the refund process are listed on the Refunds and Withdrawals page.

Who can I contact at NYU for billing and payment questions?
You should contact the Office of the Bursar at 212-998-2806 or via email at bursar.studentaccounts@nyu.edu.

NYU Student Portal

How do I set up my NYU NetID and Password?

  1. Open a new browser and navigate to start.nyu.edu
  2. Follow the instructions to activate your NetID, above, and set your password Your NYU NetID can be found on your admissions letter

How do I set up my NYU email address?

  1. Go to the NYU Start Page.
  2. Enter your NetID (which is the ID you were given via email that contains your initials followed by three or four numbers). Then click ‘Start.’
  3. Re-enter your password and click ‘Continue.’
  4. Select the option from the menu to ‘Activate your NYU Google Apps for Education account,’ and accept the Terms of Use. Enter a new password and follow the instructions on the screen to complete activation of your email account.
  5. Once your email account has been activated you can access your NYU email account by navigating to NYU Home and selecting the NYU Email card or by going directly to email.nyu.edu.

What is the NYU student portal?
Your NYU Albert account includes access to academic records, billing, financial aid, direct deposit set up, and more. You will need your NYU NetID and Password to log into the NYU Albert student portal.

Financial Aid at NYU

Does NYU offer internal scholarships to online students?
Counseling@NYU applicants may be considered for scholarships, based upon their application for admission. No separate application for scholarships is necessary. These scholarships will be awarded to a select number of aspiring school counselors committed to making a difference in their community.

Are there NYU specific supplemental financial aid forms I need to complete?
NYU does not require any school specific supplemental forms. If you are applying for federal student aid to fund your program, you will need to complete the Free Application for Federal Student Aid (FAFSA), Entrance Counseling and the Loan Agreement Master Promissory Note (MPN) on the Federal Student Aid website.

What federal student aid is available to graduate students?
The types of federal student aid graduate students are eligible to apply for include the Federal Direct Unsubsidized Loan and the Federal Direct Graduate PLUS loan. Learn more about the types of federal student aid.

Why are graduate students not eligible for the Federal Pell Grant or the Federal Subsidized Loan?
The Department of Education awards Federal Pell Grants and Direct Subsidized Loans to eligible undergraduate students who demonstrate financial need and have not yet completed their bachelor’s degrees. The Department of Education does not evaluate need or income for loans at the graduate or professional level. Therefore, graduate students are not eligible for the Federal Pell Grant nor the Direct Subsidized Loan.

Are there academic requirements I must meet to receive federal student aid?
Students must maintain Satisfactory Academic Progress (SAP) to continue receiving financial aid.

What is the minimum number of credits required to receive federal student aid?
Students must be registered at least half-time, which is 4.5 credits per semester for graduate students (or have an approved equivalency), to receive federal student aid.

What are private loans?
Private education loans, also known as alternative loans, are offered by private lenders to help students bridge the gap between the cost of education and the amount the government allows you to borrow in federal loans. Lenders offer private educational loans with different rates, fees, repayment terms, and approval requirements.

Are private loans offered at NYU?
NYU does not offer institutional private loans. For more information regarding private loans, please visit NYU’s alternative loan page.

When will I receive my financial aid award?
Award packages are typically provided 5-7 days after admissions and the receipt of the appropriate FAFSA application.

How do I accept my financial aid award?
Student loans are accepted via the student portal (MyAlbert).

Am I required to accept the full amount that I am offered on my award letter?
No, you do not have to accept the full amount offered. Students are encouraged to borrow only what is needed. You can choose to accept all, part or none of your financial aid award.

Does my Direct Loan eligibility cover the entire cost of the program?
Assuming you are eligible for both the Direct Unsubsidized Loan and the Direct Graduate PLUS Loan, the aid will cover the current academic year you are enrolled in.

How soon will loans disburse to my student account?
Federal student loans do not disburse earlier than 10 days prior to the start of each term.

Can I use loans to cover additional expenses such as living expenses, books, supplies, etc.?
If you have eligibility for additional loan funds based on your Cost of Attendance, you are able to use those resources to cover expenses such as books, supplies, living, meals etc.

Is there an immersion required for this program? If so, will I be able to use the loan funds to cover these expenses?
Yes, there is one immersion required for the Counseling@NYU program. The tuition on the credits associated with the immersions will be covered as normal tuition. If you have a surplus credit from your loans, you may use those funds to cover other expenses associated with your immersion.

Who can I contact at NYU for financial aid questions?
If you have any questions about financial aid at NYU, please contact the Financial Aid Office at 212-998-4444 or via email at financial.aid@nyu.edu.

Free Application for Federal Student Aid (FAFSA)

What is the FAFSA?
The Free Application for Federal Student Aid (FAFSA) is the application the Department of Education uses to determine if you are eligible to receive federal student aid.

Where can I find the FAFSA?
The FAFSA is available online at Studentaid.gov. The FAFSA is a free application; you will not be asked to pay.

What is the NYU FAFSA school code?
The NYU FAFSA school code is 002785.

Do I need to include my social security number (SSN) in my application for admission to be eligible for aid?
Yes, you will need to include your SSN in your application for admissions, in order for NYU to retrieve your FAFSA from the federal database. Please contact the Financial Aid Office at 212-998-4444 to verbally provide your SSN.

Do I need my parents’ tax information to complete the FAFSA?
If you are applying for graduate school, you are considered an independent student, and do not need to include your parents’ information to complete the FAFSA.

What is the Expected Family Contribution (EFC)?
The Expected Family Contribution (EFC) is a measurement of your ability to contribute toward your educational costs. As a graduate/professional student your EFC is not a factor in your eligibility for federal student loans.

When should I complete the FAFSA?
The FAFSA is available every October 1st for the upcoming academic year. New students planning to use federal student aid should complete a FAFSA while applying for admission. Continuing students will need to submit a FAFSA each year they plan to receive federal student aid.

Please reference the chart below to determine which FAFSA to complete based on your program and desired start date:

StartTermFAFSA Year
January 2024
Spring
2023-2024
June 2024
Summer
2023-2024
September 2024
Fall
2024-2025
January 2025
Spring
2024-2025
June 2025
Summer
2024-2025
September 2025
Fall
2025-2026
January 2026
Spring
2025-2026
June 2026
Fall
2025-2026

Do I need to complete the FAFSA each year?
Yes. Because eligibility for federal student aid does not carry over from one award year to the next, you will need to complete the FAFSA for each award year for which you are or plan to be a student.

What constitutes an academic year for federal student aid?
An academic year is the year for which financial aid is used to fund your education. Generally, this is the 12-month period that begins on July 1 of one year and ends on June 30 of the following year.

Federal Direct Unsubsidized Loan

What is the Federal Direct Unsubsidized Loan?
The Federal Direct Unsubsidized Loan is a federal loan offered to students to help with the cost of education. The Federal Unsubsidized Loan is not based on income or financial need.

What criteria is used to determine eligibility for federal student aid?
The Direct Unsubsidized Loan is not based on income. In order to apply for federal student aid, you must:

  • Be a U.S. citizen or eligible noncitizen
  • Have a valid Social Security Number (SSN)
  • Be registered with Selective Service, if you are male (must register between the ages of 18 and 25)
  • Be enrolled or accepted for enrollment in an eligible degree program
  • Be enrolled at least half-time in an eligible program
  • Maintain satisfactory academic progress (SAP)
  • Not currently be in default on previous federal student loans
  • Not have exceeded the maximum aggregate loan limit

Learn more about federal student aid eligibility criteria on the Federal Student Aid website.

What is the aggregate loan limit?
The aggregate loan limit is the total amount that you may borrow in federal student loans for undergraduate and graduate study. In addition to borrowing limitations based on the cost of attendance for the program, students are also limited in terms of lifetime borrowing. The maximum aggregate loan limit for federal loans is $138,500. This amount does not include PLUS loans, nor private loans.

If the total loan amount you receive over the course of your education reaches the aggregate loan limit, you are not eligible to receive additional loans. However, if you repay some of your loans to bring your outstanding loan debt below the aggregate loan limit, you could then borrow again, up to the amount of your remaining eligibility under the aggregate loan limit. You can learn more about graduate annual loan limits on the Federal Student Aid website.

How do I find out if I am near my aggregate loan limit or have defaulted on a federal student loan?
Log in to the Federal Student Aid Website to view your federal student loan borrowing history and loan servicer details. Please note that private education loans are not listed on this site. Students in default are not eligible for additional federal loans. Contact your lender for default resolution options.

What is the difference between a Direct Unsubsidized Loan and a Direct Subsidized Loan?
Direct Subsidized Loans are available to undergraduate students with financial need. The U.S. Department of Education pays the interest on subsidized loans while students are enrolled in their undergraduate program. The Direct Unsubsidized Loan is available to undergraduate and graduate students and does not require demonstration of financial need. The Unsubsidized Loan begins accruing interest as soon as funds are disbursed. Learn more about the difference between unsubsidized and subsidized loans.

How much am I eligible for with the Direct Unsubsidized Loan?
Most graduate level students are potentially eligible to receive up to $20,500 per academic year from the Direct Unsubsidized Loan. Learn more about graduate annual loan limits.

How do I apply for the Direct Unsubsidized Loan?
To apply for the Direct Unsubsidized Loan, you must complete and submit the Free Application for Federal Student Aid (FAFSA).

What is the current Direct Unsubsidized Loan interest rate?
The Direct Unsubsidized Loan interest rate is determined on an annual basis. Learn more about interest rates on the Federal Student Aid website.

Are there any additional loan fees for the Direct Unsubsidized Loan?
There is a loan origination fee that is a percentage of the total loan amount. The loan origination fee is deducted proportionately from each loan disbursement you receive. Information on Unsubsidized loan origination fees can be found on the Interest Rates and Fees page of the Federal Student Aid website.

Federal Direct Graduate PLUS Loan

What is the Direct Graduate PLUS Loan?
The Direct Graduate PLUS Loan is a federal loan that graduate or professional degree students can use to help pay education expenses in addition to the Direct Unsubsidized Loan. Learn about Direct PLUS Loans.

Do Direct PLUS Loans affect my aggregate loan limit?
Only Direct Subsidized/Direct Unsubsidized Loans (formerly referred to as Stafford loans) and federal loans made through the Federal Family Education Loan (FFEL) Program count toward your aggregate loan limit.

What are the eligibility criteria to apply for the Direct Graduate PLUS Loan?
A credit check will be conducted when applying for the Direct Graduate PLUS Loan. In addition to the federal student aid eligibility criteria, applicants cannot have an adverse credit history.

What are the credit criteria to receive the Direct Graduate PLUS Loan?
One of the eligibility requirements to receive a Graduate PLUS Loan is that you must not have an adverse credit history. A credit check is performed to determine whether a Graduate PLUS Loan applicant meets this requirement.

How much can I borrow from the Direct Graduate PLUS Loan?
If approved for the Grad PLUS Loan, you can borrow up to the cost of attendance as determined by NYU.

When can I apply for the Direct Graduate PLUS Loan?
You can apply for the Direct Graduate PLUS Loan within 180 days of the start of your program, or once you are enrolled.

How do I apply for the Direct Graduate PLUS Loan?
In order to apply for the Direct Graduate PLUS loan, you must first complete the Free Application for Federal Student Aid (FAFSA). Once you have completed the FAFSA, apply for the Direct Graduate PLUS Loan by completing the credit application on the Federal Student Aid website. Also complete the Graduate PLUS Loan Agreement Master Promissory Note (MPN).

What are the next steps if I’m approved for the Direct Graduate PLUS Loan?
If approved, complete the Graduate PLUS Loan Agreement Master Promissory Note (MPN) on the Federal Student Aid website.

What are my options if I’m denied the Direct Graduate PLUS Loan?
If you are denied the Graduate PLUS loan, you may reapply with an endorser or follow the instructions on the Department of Education’s website to appeal the denial.

What is the Direct Graduate PLUS Loan current interest rate?
The Direct Graduate PLUS Loan interest rate is determined at the beginning of each academic year, and is available on the Federal Student Aid website’s Interest Rates and Fees page.

Are there any additional loan fees for the Direct Graduate PLUS Loan?
There is a loan origination fee that is a percentage of the total loan amount. The loan origination fee is deducted proportionately from each loan disbursement you receive. Information on Direct Graduate PLUS Loan origination fees can be found on the Interest Rates and Fees page of the Federal Student Aid website.

Loan Repayment

Do I have to repay my student loans while I’m in school?
You can defer payment on your federal student loans if you are enrolled at least half-time. You should be aware that although you can defer payments while you are in school, interest will still accrue on your loan(s).

Your Unsubsidized Loan will go into repayment six months after you graduate, fall below half-time status, take a leave of absence or withdraw from the program. Most private loans also have deferred payment options while you are in school; however, you will need to check with your loan servicer.

When do I have to repay my loan?
After you graduate, leave school or drop below half-time enrollment, you will have a six-month grace period before you are required to begin repayment. During this period, you’ll receive repayment information from your loan servicer, and you will be notified of your first payment due date. Payments are usually due monthly. You are not required to pay while in school, however if you choose to, there is no penalty to prepay. Learn more about repayment timelines.

What are the repayment plan options and how do I select one?
The Department of Education (ED) offers multiple options for repayment. You may visit the DOE website for more information on loan repayment plans.

Is there a repayment calculator or estimator that I can use?
Yes, visit the ED website for repayment calculators.

Can I consolidate my graduate loans and my undergraduate loans?
A Direct Consolidation Loan allows you to consolidate (combine) multiple federal education loans into one loan including both graduate and undergraduate loans. The result is a single monthly payment instead of multiple payments. Learn more about loan consolidation.

Are there any loan forgiveness options available?
In certain circumstances, all or a portion of a borrower’s federal student loans may be forgiven under the federal government’s loan forgiveness program. Please review the Department of Education website for more information on federal loan forgiveness programs.

Military Education Benefits

How do I apply for military education benefits?
To begin the process of applying for eligible military education benefits, visit the U.S. Department of Veterans Affairs website. Questions regarding eligibility should be directed to the VA at 1-(888)-442-4551.

What documents are required to process military education benefits?
Visit VA.gov to access and manage your VA education benefits. If you are applying for Post-9/11 GI Bill benefits, complete the Education Benefits Application, which generates a request for a Certificate of Eligibility (COE). The COE is mailed to you within 6-8 weeks from submitting the application. A copy of the COE must be provided to NYU Certifying Official located in the Registrar’s Office.

How often do I need to request recertification?
You will need to submit a request to be certified to use your VA benefits every semester that you are enrolled in courses.

Will my military benefits cover the entire cost of the program?
Please visit the GI Bill comparison tool to view what your VA benefits will cover at NYU.

What are the eligibility factors for the Post 9/11 GI bill?
You are potentially eligible if you have at least 90 days of aggregate active duty service after Sept.10, 2001, and are still on active duty, or if you are an honorably discharged Veteran or were discharged with a service-connected disability after 30 days, you may be eligible for this VA-administered program. Learn more about the Post-9/11 GI Bill.

What are current rates of benefits including the Monthly Housing Allowance (MHA)?
The tuition and fee payment rate, and MHA are determined at the beginning of each military academic year on August 1st. The current rate table is located on the Education and Training page of the U.S. Department of Veterans Affairs site.

Because NYU is a private university, students who receive Post-9/11 GI Bill benefits are subject to a maximum tuition and fee reimbursement per academic year (August 1 through July 31). The amount of the national cap changes each year on August 1, and is available to be used from August 1 to July 31 of the following year.

When VA benefits are calculated, the amount of this national cap must be expended before Yellow Ribbon Program benefits can be awarded.

What is the Yellow Ribbon Program (YRP)?
The Yellow Ribbon Program allows degree-granting colleges and universities to voluntarily enter into an agreement with the VA to fund tuition and fee expenses that exceed the national maximum per academic year.

Participating institutions choose their contribution amount, the VA matches that amount, and issue payment directly to the school. Additional information on the Yellow Ribbon Program available benefits and eligibility, visit the U.S. Department of Veterans Affairs website.

Does NYU participate in the Yellow Ribbon Program (YRP)?
Yes, NYU participates in the Yellow Ribbon Program (YRP). NYU will provide funds toward tuition and fees, and Veterans’ Affairs (VA) will match NYU’s contribution for each eligible veteran student.

What other military benefits does NYU accept aside from the Post-9/11 GI Bill?
Qualifying students may use Tuition Assistance (“TA”), the Montgomery GI Bill, Vocational Rehabilitation and Employment and any other eligible benefit as determined by the U.S. Department of Veterans Affairs. For more information regarding military benefits, please visit the Education and Training page of the U.S. Department of Veterans Affairs site.

What is the deadline to apply for VA education benefits?
The VA will pay for educational benefits for up to a year after the term ends. However, you will need to notify the NYU Certifying Officials of your benefit eligibility by the start of each semester so that an anticipated credit can be placed onto your account, in order to know there will be funding to cover the cost of the term. For more information regarding VA education benefits with NYU, please visit the NYU Veterans Benefits page.

Who can I contact at NYU for questions about using Military Education Benefits?
For questions regarding veteran/military benefits, please visit the NYU Veterans Benefits page.

Tax Benefits for Education

How do I qualify for a tuition tax credit?
For details on tax benefits for education, see IRS Publication 970. Tax Benefits for Higher Education, which provides detailed information. (name of university) is unable to provide tax advice. We urge you to contact your tax advisor or the IRS at 800-829-1040 or www.irs.gov if you have any questions regarding the HOPE or Lifetime Learning Tax Credits.

What is the 1098-T Form?
It is an informational form filed with the Internal Revenue Service to report the amounts billed to you for qualified tuition, related expenses, and other related information. The primary purpose of the IRS Form 1098‐T is to inform you that we have provided this required information to the IRS.

What information is included in the 1098-T Form?
Form 1098-T reports amounts paid for qualified tuition, scholarship and grants processed in the previous year to students enrolled in courses at NYU for which they receive academic credit. The information reported on the 1098-T form helps students evaluate whether he or she is eligible for an educational tax credit.

How do I obtain my 1098-T Form?
Forms are issued by January 31st of each year for the prior year. Students can receive their 1098-T forms electronically. For more details, please visit the NYU 1098T webpage.