The pace at which the cost of college tuition is increasing is not sloﷺwing down. The price of an education at New York University (NYU), with its main campus in Manhattan's Greenwich Vil♒lage, is no exception.
Let's take a look at various aspects of the cost of studying at New York University including tuition, room and board, books, supplies, and personal expenses. For 2024-2025, on/off-campus students may pay $93,184, while commuter students pay $74,932.
Key Takeaways
- New York University (NYU) is the largest private university in the United States with a total undergraduate and graduate enrollment of over 58,000 students at its domestic and international campuses.
- Undergraduate tuition at NYU for the 2024-2025 academic year is approximately $62,796.
- While tuition at NYU is expensive, the PayScale College Salary Report estimates an NYU undergraduate degree will yield a 20-year net return on investment (ROI) of $620,000.
NYU Tuition
The ✤cost of attendance at New York University varies on a year-to-year basis. Usually, NYU estimates future year costs, and the amounts are formally app🅘roved around July prior to the start of the academic year.
For the academic year 2024-2025, the estimated total direct and indirect costs for un🐲dergraduate students attending full-time over two semesters at NYU is $93,184, broken out as below:
- Tuition and mandatory fees ($62,796)
- Food and housing ($24,652)
- Books and supplies ($1,442)
- Transportation ($2,342)
- Personal expenses ($1,952)
Note that different programs may have different costs. For example, the average cost of attendance for 2024-25 for the Stern School of Business for undergraduates is $94,914, while the cost to attend the Tisch School of the Arts is $99,366.
NYU Tuition Compared to Other Universities
NYU is an expensive option, even compared to other non-public institutions. According to the College Board, the average college budget for an in-state public college for the 2024-25 academic year was $11,610, and the tuition for out-of-state public college for 2024-25 was $30,780.
This includes tuition and fees, room and board, b📖ooks, suppli⛎es, transportation, and other expenses.
NYU can charge higher prices because of its reputation and because it 澳洲幸运5官方开奖结果体彩网:ranks high in surveys. For example, U.S. News & World Report puts NYU at No. 30 among national universities for 2025.
In addition, NYU, founded in 1831, offers a unique cultural experience. One of its biggest draws is its urban New York City campus, located in one of the city's trendiest neighborhoods. It is the largest private university in the country, with more than 58,000 total students at its domestic and international campuses.
The school also has degree-conferring campuses in Abu Dhabi and Shanghai, in addition to 11 global academic centers and research programs in more than 25 countries.
1470 to 1570
The middle 50% range of combined SAT scores for first-year students.
Financial Aid at NYU
Most financial aid awarded by NYU comes in the form of need-based grants and scholarships. To determine eligibility, students must complete both the FAFSA (Free Application for Federal Student Aid) and a separate form called the .
NYU has no separate application for merit scholarships for students who demonstrate exceptional academic ability. Students are automatically considered for "any scholarships where merit is considered" when they send in their application. For first-year students, the average scholarship for attendance was nearly $37,000, and 24% of undergraduate students received Pell Grants.
NYU also offers a limited number of awards to non-U.S. citizens, who make up a sizable portion of the student body. In this case, the university uses both financial need and academic achievement to determine a financial aid package. To be considered, 澳洲幸运5官方开奖结果体彩网:international students need only to complet𒅌e the 🅷CSS/Financial Aid Profile.
Is an NYU Education a Worthwhile Expenditure?
Despite its 澳洲幸运5官方开奖结果体彩网:steep price, research indicates that ܫeducation from NYU is a good value overall. That’s because the odds are that students will secure a competitive salary once they gr🌠aduate.
According to NYU's "Life Beyond the Square" report for the undergraduate class of 2023, the overall median salary after graduating was $76,011. Salaries are higher in specific fields, such as computer science/technology ($101,573), financial services/banking ($96,628), and information service ($94,550).
That trend seems to hold over the long run. PayScale estimates an NYU undergraduate degree will yield a 20-year net 澳洲幸运5官方开奖结果体彩网:return on investment (ROI) of $620,000.
The ROI estimate is calculated based on the difference between the 20-year median pay for an NYU graduate with a bachelor's degree and the 24-year median pay for a high school graduate minus the total four-year cost of an NYU education. Note that these are overall figures; the PayScale survey shows that income depends on the college major.
Why Is NYU So Expensive?
NYU is notoriously expensive; its tuition and fees are among the highest in the U.S. Plus, New York City is one of the most expensive cities in the country, a major driver of housing and meal prices for students. One of the reasons that tuition at NYU is so high is that operating a complex research and teaching enterprise in the city is very expensive. Plus, NYU, like all universities, has high personnel costs. As a result, it relies on student tuition to fund much of its operations.
Does NYU Have in State Tuition?
NYU♔ is a priva♕te university so it does not offer in-state tuition.
Does NYU Give Good Financial Aid?
Every year, approximately 20% of NYU students receive Pell Grants, and, according to data reported to the Department of Education. Historically, roughly half of NYU students receive financial aid. 45% of students receive grants or scholarship aid. According to reports by NYU, the average scholarship amount awarded to first-year students is closer to $37,000.
How Much Is Room and Board at NYU?
The cost of food and housing at NYU is approximately $24,652 for the 2024-25 academic year.
The Bottom Line
Students without financial aid can expect to pay above-average tuition to ☂attend NYU. Graduates tend to obtain good salaries, w🐈hich can offset the cost. Return on investment is not the only reason to choose a school (or a field of study), but the PayScale survey can show whether there are lower-cost choices that might yield a similarly good return.