Chemical Engineering New York University

Funding

Financial Aid and Scholarships

The cost of a college education is a matter of concern for many students and their families. Regardless of your family's financial circumstances, paying for college will probably require a substantial commitment of your resources over the next several years. It may surprise you to learn that most full-time undergraduate students at New York University would not be able to pay their educational costs without financial assistance. These students are able to attend NYU only because they applied for and received financial aid.

While we believe that the primary responsibility for meeting college costs rests with the student and the family, New York University as well as the state and federal governments can help. Although NYU is not able to meet the full need of every student, by combining the various types of funds available we use every method possible to coordinate adequate resources to enable you to invest in a higher education at NYU.

If you believe you will need any amount of financial assistance to attend NYU, we strongly encourage you to apply for financial aid immediately.

A financial aid package at NYU takes into account both financial need and academic merit. Although merit-based scholarships are available, NYU is committed to using the vast majority of its scholarship funds to assist students whose families are unable to pay the full cost of an NYU education. All students are automatically considered, and there is no separate application necessary for NYU scholarships.

A financial aid package at NYU may suggest several types of loans for which a student is eligible, based on certain criteria (such as anticipated points/credits, housing status, financial need, etc.) and, for campus-administered loans, the availability of funds.

Some federal loan programs, such as the Perkins Loan, Health Professions Student Loan, and Nursing Loan, allocate limited funds to New York University for campus-based disbursement and administration of the loans. NYU will require you to complete a promissory note to ensure appropriate loan disbursement and corresponding credit on your Bursar bill. You should carefully read the instructions and complete the signing process onNYU Albert. You will not receive credit on your bursar's bill if you do not sign your promissory note.

Other federal loans are secured and disbursed to the student in cooperation with the U.S. Department of Education. Your award package may include information about a "suggested loan." This means that you are eligible for the type and amount of loan specified, based upon the information we have about you at the time the award is offered. It does not mean you will automatically receive the loan, but rather informs you of your current eligibility and how to apply. The suggested loan amount in your award package is the maximum you are eligible for and is the amount that NYU has certified for you. If you wish to borrow an amount lower than suggested, pleasecontact the Office of Financial Aidfor instructions.

A variety of additional,private (non-federal) alternative loansare also available from individual lending institutions.

Please think carefully about your obligations as a borrower before pursuing any educational loan. Consider your educational investment at NYU, as well as your long-term financial commitments when borrowing.