There is a schedule for different types of students studying at NYU qualifying for a financial aid award, the schedule is as follows: New Freshmen: Early April Returning Undergraduates: Beginning of mid-June New Graduates: varies by school (April/May) Returning Graduates: mid-July Around 20% of freshers receive Pell grants and the average scholarship amount is USD 37,000. Apart from the university based scholarships, international students can apply for external scholarships also, they can apply for: Narotam Sekhsaria’s Scholarships Tata Scholarship Erasmus Mundus Joint Masters scholarships Ritchie-Jennings Memorial Scholarship Program