The federal Pell Grant Program provides funds for students who demonstrate financial need. When considering how much your family will be expected to contribute, you should not jump to conclusions. If you do not qualify for aid the first year, you may be eligible in future years if family circumstances change, for example, when another family member enters college. NYU has developed several plans to assist students with all or part of that portion of expenses that must be funded by personal family resources. These plans will be of particular interest to students who are not eligible for need-based financial aid.
Many plans are also available to students who receive aid but require additional assistance.
A brief description of each plan follows. Detailed descriptions and all necessary application forms are pro-vided each spring to students offered admission. The traditional University billing cycle of one large lump-sum payment due at the beginning of each semester makes it difficult for many families to pay educational expenses out of their current income. In response to this situation, NYU offers the Monthly Payment Plan in which all or a portion of a student's educational expenses including tuition, fees, room, and board may be paid in monthly, interest-free installments. The Monthly Payment Plan is not a loan program.