Returning Students

Returning Students

Returning NYU Shanghai Student Financial Aid Filing Requirements for 2020-2021

It is time to plan for your 2020-2021 NYU financial aid. Please review this information to be sure that you do not miss out on any financial aid opportunities for next year.

NYU Shanghai Scholarships and Grants will be renewed automatically as long as you are enrolled full-time (12 or more credits) per semester. If you enroll in 6-11 credits per semester your scholarship and/or grant will be prorated. If you enroll in 5 credits or less per semester your scholarship and/or grant will be canceled. 

US Citizens or Official Permanent Residents

Returning undergraduate students who are U.S. citizens, permanent residents, or eligible non-citizens must file the FAFSA using NYU's school code (002785) in order to renew their federal financial aid.

The 2020-2021 FAFSA is available to be completed here.

In order to qualify for federal student aid U.S. citizens, permanent residents, or eligible non-citizens must also meet Satisfactory Academic Progress (SAP) standards. For more information about SAP please refer to the Satisfactory Academic Progress section below.

All Other Students (Non-Chinese Nationals)

It is not necessary to submit the CSS Profile in order to renew your NYU Shanghai Scholarship and/or Grant. Your scholarship and/or grant will be renewed in the same amount as long as you are enrolled as a full-time student (enroll in 12 credits or more per semester). If you enroll in 6-11 credits per semester your scholarship and/or grant will be prorated. If you enroll in 5 credits or less per semester your scholarship and/or grant will be canceled.

Supporting Financial Documentation

You do not need to submit any financial documents to our office at this time. We will begin reviewing you FAFSA application after May 1 for federal financial aid. At that time, if we need documentation to verify the information reported on your application, we will email you that request directly at your NYU email address as well as list the requirements on your To Do List (via NYU Albert).

Chinese National Students Only

For additional information regarding your individual scholarship requirements, please contact the NYU Shanghai Office of Admissions in the Shanghai at +86-21-2059-5599 or shanghai.admissions@nyu.edu  (Office hours are 9:00 a.m.-5:00 p.m. China Standard Time).

Satisfactory Academic Progress

In order to be considered for federal financial aid each year, students must make satisfactory academic progress (SAP) 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 (fall, spring, J-term and summer semesters); these courses must also apply toward the student's degree requirements; and maintain a cumulative grade point average of at least 2.0.  The Satisfactory Academic Progress policy contains a quantitative component, meaning that you are required to make stead progress toward your degree by completing at least 76% of all your attempted credit hours. For example, if you attempt 16 credit hours per semester during the academic year (32 cumulative attempted credit hours), you would be expected to satisfactorily complete at least 25 of these credit hours in order to comply with the minimum quantitative standards.

The Office of Financial Aid typically conducts a SAP review at least once annually at the conclusion of each academic year. The annual review will include courses completed up through the summer term, if enrolled. Students who do not meet the SAP requirements receive a notice on their Student Center via NYU Albert.  Based on federal regulation, students who do not meet the SAP standard and enroll in a term are considered to be using their probationary semester, regardless of whether they pursue financial aid.

In the event that you do not meet the SAP requirement, you have the right to appeal the suspension of your federal financial aid for one semester.  Please note that students may appeal only once for each academic degree in most circumstances  by asking to be placed on financial aid probation (an exception may be granted in the event of illness or injury). This requires the submission of the Satisfactory Academic Progress Appeal Form, available on the NYU financial aid website under Applications and Forms menu and through your To Do List via NYU Albert.

Approval will be reviewed based on the following criteria:

  • The student is able to mathematically meet Satisfactory Academic Progress after one semester of enrollment
  • The student has never had a probationary semester before during the current degree
  • The student has never been denied financial aid for a previous semester due to an Academic Progress issue

 

Students who are approved will be placed on financial aid probation for one semester.  The student will remain eligible for federal financial aid and will continue to receive financial assistance during the approved probationary semester.  Students who meet the SAP standard at the end of their probationary semester will be restored to Satisfactory Academic Progress status.  Students who do not meet the SAP requirements at the end of the probationary period will be placed on financial aid suspension for federal financial aid.

Please be aware that students are permitted only one semester of financial aid probation.  If a student meets the SAP requirement at the end of their probationary semester but later fails again to meet the SAP requirement, the student is not eligible for additional financial aid probation, except in the event of illness or injury. Therefore, a student will not be eligible to receive federal financial aid. Students will be eligible to keep their institutional scholarship and/or grant if they do not meet SAP.

Students requesting additional aid consideration on the basis of documented special circumstances, such as illness or injury, must submit the appeal form no later than the last day of the semester's add/drop period to ensure proper time is available for review. In such cases, if approved, an individualized academic contract is created for their probation term.

Study Abroad/Study Away

Students maintain the same amount of NYU Shanghai scholarship and/or grant funds if they are studying away at another NYU site and are registered full time (enroll in 12 credits or more in a fall or spring 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 federal loans. There are also private (nonfederal) alternative student loan options for any student looking to obtain additional funding to help with study away costs. For more information on private loans, click here.  New York University does not prefer, recommend, promote, or endorse any particular lender and students should research their options accordingly. Of course, you are not required to borrow from any of the lenders listed and there is no penalty for selecting a different lender if you prefer.

Please contact the NYU Shanghai Office of Financial Support by email at shanghai.financial.support@nyu.edu or by phone at +1-212-998-2838 Monday – Friday 9:00 am – 5:00 pm Eastern Daylight Time if you have any additional questions.