The Law School requires that all applicants for need-based grants provide information regarding their parents' income and assets. This information is required of all applicants regardless of their tax dependency status, age or marital status. Parental information is reported on the NYU Application and is used to assess the financial strength of a family. If parents are divorced or remarried, students need only provide information regarding both biological parents. In this case, both parents should file the NYU Application .
Photocopies are acceptable .
A percentage of the remaining income is calculated as a contribution towards a student's educational expenses. In addition to a contribution from income, we compute a contribution from net assets. An asset protection allowance, adjusted for age, is deducted from the net assets. This allowance reflects the cost of purchasing an annuity which, when combined with social security payments, would produce an income reflecting a Bureau of Labor Statistics moderate standard of living at age 65. This contribution is then divided by the number of children enrolled full-time in higher education programs.