Many of us at the University are equally concerned that some students simply assume that they will be unable to handle the cost of an NYU education and do not even apply for admission. In fact, an NYU education may be considerably more affordable than it appears. In addition, New York University has developed several plans to assist students and their famillies in meeting their educational costs. Specifically, these plans are designed to assist families with all or part of that portion of their expenses that will be funded by personal family resources. These programs should be of particular interest to families who are not eligible for need-based financial aid.
Most programs are also available to families who receive aid but who require additional assistance.
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 students 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. You may defer up to 50 percent of the net amount due each semester. Simply subtract from your initial payment the amount you wish to defer and repay it in two equal installments at an annual interest rate of 12 percent.