New York University (NYU) Tuition and Fees

By Susan Guillory

(Last Updated – 05/2023)

Total Cost of Attendance

New York University, commonly referred to as NYU, is known for being a leader in global education. With campuses in Abu Dhabi and Shanghai, as well as study sites around the world, NYU provides ample opportunities for students to study abroad. NYU tuition, at $58,168 per year for the 2022-23 school year, is higher than the national average of $39,400.

Costs for 2022-23

Financial Aid

For the 2020-21 school year, 78% of first-year students received some sort of financial aid or scholarships to help with NYU tuition. New York University strives to ensure that every student who is eligible is accepted, regardless of financial background. The university has recently made an effort to offer financial aid packages that fully meet the financial needs of each first-year student.

Recommended: New York Student Loan & Scholarship Information

Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:

•  Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, and financial need.

•  Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.

•  Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.

•  Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.

Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state and federal and school deadlines may differ.

You can find other financial aid opportunities on databases such as:

•  US Department of Education – Search for grants from colleges and universities by state

•  College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid

Recommended: The Differences Between Grants, Scholarships, and Loans

Private Student Loans

While some students opt for federal student loans to help with tuition at NYU, 3% of NYU students get private student loans, averaging $37,948 in aid.

Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or state-affiliated organizations. While Federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.

What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for as it generally may have better rates and terms.

If you’ve missed the FAFSA deadline or you’re struggling to pay for school throughout the year, private loans can potentially help you make your payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

Recommended: Guide to Private Student Loans

Projected 4-Year-Degree Price

Curious to know what New York University undergraduate tuition and fees would be for a four-year program? Based on 2022-23 prices, you would pay $328,380 for tuition and room and board. Compare this to the national average for private institutions of $213,720, per CollegeData.com.

Undergraduate Tuition and Fees

Costs for 2022-23

NYU students paid approximately $58,168 for tuition in the 2022-23 school year, as well as $20,272 for room and board. This makes their total costs for one year of school $78,440.

NYU tuition and room and board are much higher than the average for private schools in the U.S. of $53,430. A large number of students take out undergrad loans to help with these costs.

Graduate Tuition and Fees

Costs for 2022-23

New York University also offers graduate programs. Graduate tuition at NYU was, on average, $37,332 for the 2022-23 school year, and additional fees were $2,260. Many students take out graduate loans to aid with these expenses.

Cost per Credit Hour

For students who don’t opt to go to NYU full time, they can pay for tuition on a per-unit basis. In 2020-21, the fee was $1,947 per credit, plus fees.

Campus Housing Expenses

Costs for 2022-23

NYU has 23 residence halls, many of which are in Greenwich Village. And while students aren’t required to live in a residence hall, more than 11,000 students choose to.

New York University doesn’t offer off-campus housing, though some students opt to find their own accommodations. Currently, a studio apartment in Greenwich Village averages $5,300 per month.

It’s important to budget for room and board in addition to NYU tuition. Student loans can cover these costs, too.

NYU Acceptance Rate

Fall 2023

Admission Requirements

Now that you know the NYU acceptance rate, let’s talk about the requirements to be admitted to NYU. While there is no published required GPA, the average GPA is 3.7, according to CleverHarvey.com, an educational platform. NYU looks at your complete application, including test scores, though it currently is waiving the requirement for test scores.

Required:

•  Secondary school record

•  Secondary school GPA

•  Recommendations

•  Formal demonstration of competencies

Recommended:

•  Secondary school rank

The deadline to apply for Early Decision I is November 1, and NYU will make a decision on your application by December 15. For Early Decision II, the deadline is January 1, with a decision by February 15. The deadline for Regular Decision is January 5, with a decision by April 1. You can start your application to NYU here. And find student loan and scholarship information here.

SAT and ACT Scores

Because of the COVID-19 pandemic, New York University is currently not requiring students to submit SAT or ACT scores, though it is an option to do so.

Here are the average scores for NYU students by subject at the 50th percentile:

Popular Majors at NYU

NYU offers more than 270 areas of study, and draws students in with the diverse subjects they can focus on.

1. Liberal Arts and Sciences/Liberal Studies

Liberal arts and sciences majors are the most popular. Students can specialize in dozens of areas of focus, including Hellenic Studies, History, African Studies, Language and Mind, and more.

Undergraduate degrees in 2021-22: 533

2. Econometrics and Quantitative Economics

Diving even deeper into the area of business, NYU offers economics. This major includes courses in business economics, economic theory, and general business courses.

Undergraduate degrees in 2021-22: 460

3. Research and Experimental Psychology, Other

Interested in psychology? At NYU, you can study psychology, learning theories, and how to analyze concepts at the Abu Dhabi campus.

Undergraduate degrees in 2021-22: 444

4. Registered Nursing/Registered Nurse

The second most popular degree at NYU is nursing. The Rory Meyers College of Nursing is a well-respected institution, specializing in preparing students to help patients in a variety of medical environments.

Undergraduate degrees in 2021-22: 431

5. Computer and Information Sciences, General

Technology is also big here. Many students earn degrees in computer and information sciences. This includes computer engineering, computer science, and business, technology, and entrepreneurship.

Undergraduate degrees in 2021-22: 421

6. Business/Commerce, General

NYU’s business programs are also popular. Studies include courses in business technology, accounting, global business, public policy, and more.

Undergraduate degrees in 2021-22: 395

7. Drama and Dramatics/Theatre Arts, General

Students also study drama at NYU. This program includes courses in dramatic writing and literature, collaborative arts, and educational theater.

Undergraduate degrees in 2021-22: 360

8. Digital Communication and Media/Multimedia

A degree in digital communication provides a great backdrop for a variety of careers in marketing, business, and journalism. Courses run the gamut from journalism to digital art and design.

Undergraduate degrees in 2021-22: 353

9. Cinematography and Film/Video Production

NYU’s Tisch School of the Arts is well-known for producing cinematographers and film professionals.

Undergraduate degrees in 2021-22: 352

10. Management Science

NYU students also graduate equipped to have a career in management. Courses include hotel and tourism management, as well as business technology management.

Undergraduate degrees in 2021-22: 205

This resource can help you learn more about the different majors at NYU.

Graduation Rate

The six-year graduation rate for students at NYU is as follows for those who began their studies in 2015: 87%.

Post-Graduation Median Earnings

The average earnings for graduates of four-year schools across the board is $55,260. Compare this to the median earnings of an NYU graduate of $79,812.