Financial Aid FAQs

  • What is financial aid?

    Financial aid at NYU Shanghai may take the form of university scholarships, federal aid (for US citizens/official permanent residents of the United States), or outside scholarships. NYU Shanghai considers all students for scholarships regardless of citizenship.

    For most undergraduates, eligibility for merit-based scholarship is determined based on your prior academic strengths.  Need-based grant aid is determined on your demonstrated financial need, if you apply for financial aid.

  • Does NYU Shanghai offer merit-only awards?

    Yes. NYU Shanghai offers limited merit only scholarships, which are determined based on your prior academic strengths. No additional application is required to be considered for merit only scholarship.

  • What application(s) do I need to submit in order to be considered for financial aid?

    Students applying to NYU Shanghai from outside of China must follow the instructions below if they wish to be considered for financial aid.

    If you wish to be reviewed for need-based NYU Shanghai grants funding, you will need to file the College Board’s CSS/Financial Aid PROFILE (and Noncustodial PROFILE, if applicable) online by our required deadlines. US citizens and official permanent residents also need to complete the FAFSA for aid consideration.

    Financial Aid Filing Deadlines for the CSS/Financial Aid PROFILE (Noncustodial PROFILE, if applicable):

    • Early Decision I applicants: November 15
    • Early Decision II applicants: January 15
    • Regular Decision applicants: February 15
    • Returning NYU Shanghai students: May 1


    Freshman Applicants FAFSA Deadline

    • Early Decision I - FAFSA: February 15
    • Early Decision II - FAFSA: February 15
    • Regular Decision - FAFSA: February 15


    Financial Aid Notification: April to receive a final financial aid award


    Returning Students

    • FAFSA: May 1


    Chinese Nationals: Chinese students can submit their financial aid applications to the NYU Shanghai Office of Admissions after their official enrollment to seek financial support. The Financial Aid and Scholarships Committee will evaluate all materials students submit and offer an appropriate financial support package to help students afford their studies at NYU Shanghai.

    The Freshman Scholarship will be awarded to Chinese students with exceptional performance on the Gaokao.

    For more information about the financial aid application for Chinese Nationals, please contact the Office of Admissions at shanghai.admissions@nyu.edu or 021-2059-5599.

  • Will filing for financial aid affect my admissions to NYU Shanghai?

    No. Admissions decisions at NYU are need-blind so applying for financial aid will not influence your acceptance into the university.

  • What is NYU Shanghai's school code for the FAFSA and CSS/Financial Aid PROFILE?

    CSS PROFILE* - NYU school code: 2785

    *Please note: there is only one CSS school code (2785) for all of New York University’s Global Network campuses, which includes NYU Abu Dhabi, NYU Shanghai, and NYU New York.


    FAFSA - NYU federal school code: 002785

  • What happens if my noncustodial parent cannot fill out the Noncustodial PROFILE?

    NYU requires financial information from both biological parents in order to determine and distribute NYU Shanghai grants equitably. In some circumstances, the Noncustodial parent PROFILE requirement may be waived.  If you do not or cannot have contact with your noncustodial parent you may submit the Noncustodial Parent PROFILE waiver request.

    The waiver request application can be found on the NYU Financial Aid website under Applications and Forms at http://www.nyu.edu/admissions/financial-aid-and-scholarships/applications-and-forms.html.

    Please note: A noncustodial parent’s unwillingness to submit the noncustodial PROFILE is not an acceptable reason to submit a waiver request. 

    It is important that you read the instructions page carefully and submit all required documentation as incomplete waiver requests may not be considered.

  • Do I have to submit tax documents with my financial support application?

    No. You do not need to submit tax documents with your financial support application(s). The NYU Shanghai Office of Financial Support will notify you if any supporting financial documents are required. We will let you know what is needed and provide you with the deadline for submission of this information.

  • When will I be notified of my award package?

    New Freshmen: We must have the completed CSS/Financial Aid PROFILE application (and Noncustodial PROFILE, if applicable) in order to provide you with a financial support package. For US citizens (or official permanent residents of the United States) you will also need to submit your FAFSA by our deadline to receive a financial support offer.

    If you file by the priority deadline and promptly respond to any additional information that may be requested by the Office of Financial Support, you can expect to receive your award at the time admissions decisions are released. You will have access to your award offer online via the NYUHome Albert system.


    PROFILE and FAFSA Deadlines

     

    Early Decision I*

    Early Decision II*

    Regular Decision

    CSS/Profile

    November 15

    January 15

    February 15

    Noncustodial Profile (if applicable)

    November 20

    January 20

    February 20

    Estimated Notification

    Mid-December*

    Mid-February*

    April

    *Financial Aid Notification: April to receive a final financial aid award


    Freshman Applicants FAFSA Deadline

    • Early Decision I* - FAFSA: February 15*
    • Early Decision II* - FAFSA: February 15*
    • Regular Decision - FAFSA: February 15


    *Financial Aid Notification: April to receive a final financial aid award


    Returning Students: If you file your financial aid application by the priority deadline of May 1 and promptly respond to any additional information that may be requested by the Office of Financial Support, you can expect to receive your award details online via the NYUHome Albert system in June.

  • What do I need to do to renew my financial aid for next year?

    If you received NYU Shanghai scholarship and/or grants your first year upon entering NYU, you will need to: make satisfactory academic progress towards your degree; register full time (12 credits or more) each semester; reapply for financial aid every year by our May 1 deadline; and demonstrate roughly the same amount of financial need every year in order to renew your scholarship/grants at the same amount that you entered with.

    For more information regarding satisfactory progress standards, visit our website at http://shanghai.nyu.edu/admissions/returning.


    Financial Applications for Returning Students

    FAFSA: Required by May 1 for US citizens (or official permanent residents of the United States)

    Late FAFSA filers will still be considered for federal aid if otherwise eligible.
    CSS/Financial Aid PROFILE: Required by May 1 for all other students (except Chinese Nationals)


    Chinese Nationals: Please contact the Office of Admissions at shanghai.admissions@nyu.edu or 021-2059-5599 for scholarship and any other financial aid inquiries.

  • How much does it cost to attend NYU Shanghai for the academic year?

    You can find the current academic year’s estimated cost of attendance at http://shanghai.nyu.edu/admissions/cost.

    The preliminary cost of attendance budget represents the estimated annual cost of education for full-time undergraduate students at NYU Shanghai in US dollars for the academic year.  Annual adjustments to the costs and fees at NYU Shanghai may be necessary and expected. The yearly tuition and residence costs include only full-time fall and spring enrollment; course overloads incur additional tuition and book fees. Students that take summer session and/or January term courses will incur additional direct and indirect expenses.

  • How does my financial aid apply to my costs?

    The preliminary cost of attendance budget represents the estimated annual cost of education for full-time undergraduate students at NYU Shanghai in US dollars for the academic year. It includes tuition, room and board (which may vary based on a student’s room selection), health insurance, personal expenses, books, and many student life activities. The budget is estimated for the academic year only. Annual adjustments to the costs and fees at NYU Shanghai may be necessary and expected. The yearly tuition and residence costs include only full-time fall and spring enrollment; course overloads incur additional tuition and book fees. Students that take summer session and/or January term courses will incur additional direct and indirect expenses.


    Direct Costs – Costs that you will be charged by the University such as tuition, registration, and services fees, health insurance, room and books for each semester. Your financial aid (scholarship and/or grant) will apply to those charges first. If your semester’s financial aid is more than your direct costs then that would generate a refund. If you are eligible to receive a refund, you could use that refund to help cover indirect expenses that you may incur during the semester (see below for indirect cost information).

    Students will be sent electronic bills (e-Bills) each semester of enrollment. The Office of the Bursar sends notifications approximately 30 days prior to the semester due date. Fall e-Bills are generally available in mid-July and spring e-Bills are generally available in early December. Students will be required to submit payment prior to a semester start date. Fall payment is generally due in early August, and spring payment is generally due in early January. For more information about your e-Bill or refund, please review the information at http://shanghai.nyu.edu/academics/tuition.


    Indirect Costs – Educational costs such as estimated travel, supplies, and personal expenses that you may incur during the academic year. These indirect costs will vary for each student. Indirect costs are not charged through NYU Shanghai.

  • Does NYU Shanghai pay for my travel expenses?

    No. However, if your semester’s financial aid is more than your semester’s e-bill (direct costs) then that would generate a refund. If you are eligible to receive a refund, you could use that refund to help cover indirect expenses (i.e. travel) that you may incur during the semester.

  • Does NYU Shanghai pay for my meal costs?

    If your semester’s financial aid is more than your semester’s e-bill (direct costs) then that would generate a refund. If you are eligible to receive a refund, you could use that refund to help cover indirect expenses (i.e. meals) that you may incur during the semester.

  • Does my scholarship and/or grant from NYU Shanghai award change each year?

    The scholarship and/or grant award that you were offered upon entering NYU Shanghai will be renewed at the same amount each year as long as you:

    1. File the required financial aid application on time by the returning student deadline:
    - Free Application for Federal Student Aid (FAFSA) for US citizens or eligible US permanent residents
    - CSS/Financial Aid PROFILE for all other students (except Chinese Nationals)
    - Chinese Nationals: please contact the Office of Admissions at shanghai.admissions@nyu.edu or 021-2059-5599 for information regarding financial support.

    2. Show relatively the same amount of financial need each year

    3. Make satisfactory academic progress towards your degree each academic year

    4. Enroll full time in the fall and spring semesters (12 credits or more each semester)

  • Does my scholarship and/or grant from NYU Shanghai increase as the Cost of Attendance increases?

    No. While annual adjustments to the costs and fees at NYU Shanghai may be necessary and expected, your scholarship and/or grant award that you were offered upon entering NYU Shanghai will be renewed at the same amount each year just as long as you:

    1. File the required financial aid application on time by the returning student deadline:
    - Free Application for Federal Student Aid (FAFSA) for US citizens or eligible US permanent residents
    - CSS/Financial Aid PROFILE for all other students (except Chinese Nationals)
    - Chinese Nationals: please contact the Office of Admissions at shanghai.admissions@nyu.edu or 021-2059-5599 for information regarding financial support.

    2. Demonstrate relatively the same amount of financial need each year

    3. Make satisfactory academic progress towards your degree each academic year

    4. Enroll full time in the fall and spring semesters (12 credits or more each semester)

  • Are there work study opportunities available at NYU Shanghai?

    There are no US federal work study opportunities available at NYU Shanghai. However, there are limited on-campus jobs available at the campus. Please contact the Office of Student Life at shanghai.studentlife@nyu.edu for more information.

  • I'm studying away at another NYU site that is more expensive than NYU Shanghai. Do I get an increase in scholarship or grant?

    No. Students maintain the same amount of NYU scholarship funds if they are studying away at another NYU site during the fall and spring semester(s) and are registered full time for the semester (12 credits or more per semester).

    US Federal Aid eligible students studying away at a site that has a higher cost of attendance than NYU Shanghai can seek out additional US federal loans. For students who wish to explore that option, please contact the NYU Shanghai Office of Financial Support.

  • Is there scholarship and/or grant aid available for the summer semester?

    No. Currently there is no scholarship and/or grant aid available for NYU Shanghai students for the summer semester.

    US Federal Aid eligible students who are registering for 6 credits or more for the summer semester may be eligible to borrow US federal loans. These loans may be in a Direct Stafford student loan and/or a parent PLUS loan. Please contact the NYU Shanghai Office of Financial Support for additional information.

  • What is Satisfactory Academic Progress?

    To be considered for financial aid each year, students must make satisfactory academic progress toward the completion of their degree requirements. Students must earn a passing grade in a minimum of 76 percent of the courses in which they are enrolled each academic year and maintain a cumulative grade point average of at least 2.0.

    Students not meeting these yearly academic standards will not be eligible for financial aid.

  • Where is the NYU Shanghai Office of Financial Support located? Can I make an appointment?

    The Office of Financial Support is located at:

    25 West 4th Street, New York New York 10012
    1-212-998-2838 (office)
    1-212-995-4662 (fax)
    shanghai.financial.support@nyu.edu
    http://shanghai.nyu.edu/admissions/aid


    Office Hours: Monday-Friday 9am-5pm Eastern Standard Time


    Appointments: Yes, you can call our office and leave a message if it is after business hours with your name, University ID number (begins with the letter N), and the best number and time to reach you. Or you could email the same information to us at shanghai.financial.support@nyu.edu.