Financial Aid for Accepted Students
Congratulations on your acceptance to the Master of Social Work program at the Silver School of Social Work! We are excited to have you join our vibrant community, and trust that your time at Silver will provide you with practical experience, knowledge, and skills that will prepare you for your career as a social worker.
Silver Scholarship and Financial Education Office
For many students, when choosing which graduate program to attend the financial component is a big factor in their decision. At Silver, we have an office specifically dedicated to educating students about ways to finance their education. The Scholarship and Financial Education Office provides Silver students with guidance on how to navigate the process of understanding financial aid, and make sure they are knowledgeable about their financial options as a student. Financial Education goes beyond Financial Aid.
iGrad is a fantastic interactive online platform that is available to current NYU students and accepted students, and offers a suite of tools designed to provide you with knowledge on financial topics including budgeting, financial aid, banking, investing, and more. There are videos, calculators, articles, recommendations, games, and other resources that can help improve your finances.
If you have questions about scholarships or understanding your financial aid you can contact the Scholarship and Financial Education Office (SAFE) at firstname.lastname@example.org or 212-998-5910.
Questions About Scholarship and Financial Aid
The Scholarship and Financial Education Office encourages newly admitted students to schedule phone appointments or join us at virtual drop-in hours to discuss any questions that you might have about MSW program financial aid.
If you’ve recently been accepted follow these steps:
Read the MSW Financial Aid Guidelines for information on loans, financial aid, and making payments at NYU.
Students who wish to be considered for federal financial aid, including loans, should complete the Free Application for Federal Student Aid (FAFSA) each academic year. Students apply for federal financial aid electronically on the https://studentaid.gov/ website. The federal school code number for NYU is 002785. This process is for U.S. citizens and eligible non-citizens only.
Students will receive an email notification from the Main Office of Financial Aid when the package is available to be viewed in Albert.
- Fall students who submitted their FAFSA before being accepted can expect a financial aid package to be ready as early as late February.
Spring students who submitted their FAFSA before being accepted can expect a financial aid package to be ready in late November.
If you submitted your FAFSA after you were accepted to the program you must call 212-998-4444 to identify as a late filer so that your FAFSA can be manually downloaded and processed.
- Activate your NETID (included at the top of your acceptance letter) and set your password on the ITS Start Page (https://start.nyu.edu)
Log into NYU's Albert Student Information System at (http://albert.nyu.edu).
Click on the “Applicant Status” hyperlink under Admissions section / Applicant tab
Select “Admission Offer” button on your Applicant Status page
Select “Accept/Decline” link
Select “Accept Offer” (or “Decline Offer” if you are not coming to NYU)
Finally, pay the Tuition Deposit with credit card on the pop-up screen if accepting the offer of admission
Silver Tuition Scholarship: In order to maintain your Silver Tuition Scholarship, the merit-based award that is offered to accepted students in their acceptance letter, students must follow the scholarship guidelines and be enrolled in a minimum number of credits each semester based on their program pathway and maintain at least a 3.0 GPA. If you are a dual degree student and were offered a Silver Tuition Scholarship in your Acceptance letter you can see which semesters you are slated to receive the Silver scholarship on our Dual Degree Scholarship allocation document.
School-Based Named Awards: Every academic year the NYU Silver School of Social Work offers competitive awards to our MSW students, which are named after the generous donors who have made the scholarships possible. These awards have their own specific criteria and requirements including academic achievement, career goals, and experience and there is a separate scholarship application process for the School-Based Named Awards each year in the Spring for the upcoming academic year. The link to the scholarship application is emailed to incoming and continuing students each Spring.
Discounted Tuition Reimbursement for students enrolled in our Extended, Extended One Year Residence, and non-matriculating programs who work full-time for an agency that hosts NYU Silver interns can apply for the Discounted Tuition Reimbursement when not enrolled in Field and Practice and increase your Silver Tuition Scholarship up to $5,000.
External Scholarship Resources: If you don’t know where to start your search for outside scholarships you can review the links on our External Scholarship Resource page to find scholarship opportunities for graduate social work students.
Tuition and Fees: Students are charged each semester based on how many credits they are enrolled in. You can find the cost per year based on your program pathway on our website, or calculate the cost per credit using the Bursar’s Interactive tool.
NYU Student Health Insurance: All students are automatically billed for the Comprehensive Plan of the student health insurance. You can download the health insurance brochure or waive out of the student health insurance here.
Federal Loans: Learn more about the Federal Direct Unsubsidized Loan and the Graduate PLUS Loans and the interest rates.
Work Study: Students who are eligible for federal Work Study must create an account in Handshake and search for positions. Students are not guaranteed work study positions simply because work study is listed as part of the federal financial aid package. Students must apply and be hired by a specific department and work to earn the work study funding. Students are paid directly with work study funding. Work study positions are not available at the Westchester, Rockland or Shanghai campuses.
Private (non-federal) Loans: Students are strongly encouraged to borrow federal student loans before seeking private loans, however students who are ineligible for federal financial aid, including international students, may consider private loans. NYU does not specifically recommend, prefer, or endorse any private lender, but have provided a list of private lenders that have provided private education loans to NYU students over the last several years.
iGrad: Accepted and current NYU Students have access to iGrad, which is an interactive, online platform that offers a suite of tools designed to provide you with knowledge on financial topics including budgeting, financial aid, banking, investing, and more. There are videos, calculators, articles, recommendations, games, and other resources that can help improve your finances.
Students will receive instructions via email from Silver.Registration@nyu.edu on how to register for classes.
Students enrolling in the Fall will register for classes in late Spring
Students enrolling in the Spring will register for classes late Fall
Students can access the New Students Registration Information document to access the curriculum guide, instructor evaluations, and instructions on how to register for classes in Albert.
Students should enroll in the expected number of credits as per their program pathway curriculum guide. Students who do not register for the correct number of credits will see an “Enrollment Mismatch” hold on their account. Waitlisted courses do not count towards total enrollment, and may lead to inaccurate bills and an Enrollment Mismatch Hold, which will prevent any and all financial aid from disbursement.
Information on how to address an Enrollment Mismatch can be seen here.
A typical financial aid package includes the Silver Tuition Scholarship, federal work study, and federal loans for those that qualify, which includes the Unsubsidized Loan and Graduate PLUS loan.
Fall start students should accept their federal aid between May and the end of July
Spring start students should accept their federal aid by January
Students can accept, decline, or reduce loans offered to them in Albert.
Based on your individual financial needs you can determine how much money in loans you want to borrow. Only borrow what you need.
Fall start students will see a financial aid package for both Fall and Spring
Spring start students will see a financial aid package for just Spring. The package for Summer will be generated once you are registered for Summer classes and you will need to accept/decline/reduce the loans for Summer separately.
You should consider your direct and indirect expenses before deciding how much money to borrow in loans.
Direct costs are institutional charges billed to you by NYU such as tuition, fees and health insurance
Indirect costs are expenses associated with being a student, but are not necessarily charges paid to the University (e.g. rent, groceries, books, transportation)
In Albert you can find the Estimated Cost of Attendance under the Financial Aid tab, when clicking on “Financial Aid Links”. This is just an estimate to help you consider all of the costs associated with being a student. An actual bill will be sent to all students based on how many credits you register for, and the bill will be released each semester in Albert as per the Bursar billing schedule.
If you accept loans in excess of the cost of tuition and fees, you can expect to receive a financial aid refund, where the loan money is sent directly to you, the student, so you can pay for your indirect costs (rent, groceries, books, etc.). Financial aid refunds are disbursed beginning 10 days prior to the start of the semester in an ongoing process throughout the first weeks of the semester. Students can track their refund in eSuite.
When on the Accept/Decline screen, you can edit the amount of the loan before you accept and submit it in order to reduce the loan amount that you plan to borrow.
Students can only accept/decline/reduce their loans in Albert once. Any adjustments to your aid package after you’ve submitted your selection can only be made over the phone by calling the Main Office of Financial Aid at 212-998-4444.
After you’ve accepted your loans in Albert two new Holds will appear on the home screen in Albert: Graduate Entrance Counseling and the Master Promissory Notes (MPN). These must be completed as soon as possible.
After completing the MPN and Graduate Entrance Counseling it can take up to 7-10 business days for the Hold to drop off of Albert. Loans cannot be disbursed until the Holds drop off Albert.
Contact the main Office of Financial Aid with questions regarding submitting your FAFSA, federal loans, or work study. They can be reached at 212-998-4444 during regular business hours.
The Bursar’s Office handles tuition and fee payments, and manages other financial activities during your time at New York University.
After you have registered for the upcoming semester, the Bursar's Office will release your bill based on how many credits you are registered for.
Students are billed each semester based on how many credits they are enrolled in, however waitlisted courses do not count towards total enrollment and will not appear as charges on the bill. Students who are on waitlists for their desired class section(s) should register for backup classes to ensure they are registered for the correct number of credits for your program pathway. Being on a waitlist but not enrolled in the proper number of credits will lead to inaccurate bills, and an Enrollment Mismatch Hold, which will prevent any and all financial aid from disbursing. Students can review the Registration Information on waitlists and instructions on how to use the SWAP function.
To view your bill in Albert, launch eSuite by clicking on “View Bursar Bill” under the Finances tab.
If you do not see your Silver Tuition Scholarship reflected in your bill please email email@example.com
You must address any Holds or To Dos in Albert before any financial aid can be applied to your account. Click on the Hold or To Do and instructions on what to do or which office to contact will be listed.
The Bursar’s Office is responsible for all billing, payments, and refunds
You can find more information on ways to pay.
Review options to set up a payment plan.
If you are planning to pay for the program with loan money you will need to accept enough money in loans to cover the bill prior to the billing due date.
If you accept more money in loans, and exceed the cost of tuition and fees, that will result in a financial aid refund. This refund can be used to pay for your indirect costs of attending, such as rent, groceries, books, transportation, etc.
If you find that you have accepted more money in loans than you need for the semester you can Return Loan Funds
If you have not accepted enough loan money for the academic year you can contact the main Office of Financial Aid to request additional loan funding.
Questions about billing, payments, billing deadlines or requests for extensions, payment plans, or refunds should be directed to the Bursar’s Office. They can be reached at 212-998-2806 during regular business hours.
If you are anticipating a financial aid refund, you can sign up for direct deposit to receive your refund. If you do not sign up for direct deposit a check will be mailed to you at the address on file in Albert.
You can track your refund in eSuite.
Contact the Bursar’s Office with questions regarding billing, payments, and refunds. They can be reached at 212-998-2806 during regular business hours.
Please note that if you decide to defer and/or withdraw from some or all of your classes there may be financial consequences of doing so. You can review the Deferral and Dropping Classes Refund schedule.
You should check Albert regularly to see if you have any “Holds” or “To Do’s” on your account. You must click on the link and address it by following any instructions associated with the “Hold” or “To Do”.
Students must maintain Satisfactory Academic Progress (SAP) in order to continue to be eligible for federal aid and Silver Scholarships.
If you have federal loans from a previous degree that are currently in repayment you can defer previous loans