Private loans, because they are credit based, do not appear on bills. Students who have applied on time will usually have their private loan proceeds credited to their accounts at the beginning of the semester. NYU School of Law grants, Federal Stafford Loans and private loans are each divided in half, with half being credited to each semester of tuition and housing. If the semester credit for scholarship and loans exceeds tuition and housing costs, and all funds have arrived at NYU, students may request a refund from the Bursar. If credit from scholarships and loans do not meet the full charges, the balance must be paid by the student.
Students are responsible for full payment of tuition and housing expenses.
If loans are delayed or not received due to credit problems, alternate arrangements must be made. This is the area of the student expense budget which requires the most creativity and flexibility. There is no question that, for most students, attending Law School often requires an adjustment in personal expenditures. The Law School Office of Student Financial Services has designed the budget fairly, but makes no claim that the budget is adequate in all circumstances. The budget is designed to reflect basic education-related expenses at a student standard of living.