Pay Tuition and Complete FAFSA for Financial Aid
The cost of the 2-year Executive MBA program that begins in August 2018 is $194,876. The total includes all fees, books, study materials, meals on class days, group tutors for selected courses, lodging and meals for the residency and Global Study Tours (note that it does not include airfare to and from the Global Study Tour destinations, some dinners, and incidental expenses).
You may contact Kara Devanney at:
NYU Stern School of Business
Executive MBA Program
Attn: Kara Devanney
44 West Fourth Street, Suite 4-100
New York, NY 10012
212-998-0273
kdevanne@stern.nyu.edu
1. Who can apply for financial aid?
You can apply for financial aid if you: (a) are self-paying, (b) receive partial financial support from your firm, and/or (c) are being reimbursed through a tuition reimbursement plan.
Note: If you are being reimbursed retroactively through a corporate tuition reimbursement program, or if your company will be paying tuition via letters of credit, you must pay in advance and might consider taking out a loan to cover your first invoice (1/4 tuition plus loan processing costs). You will then use your company reimbursement for your Fall 2018 courses to pay the Spring 2019 invoice. Eventually, in Spring 2020, you can use your fourth and final reimbursement to pay down your loans. There is no pre-payment penalty for Federal loans. Repayment for all Federal loans begins six months after graduation or six months after you drop below six credits of registration.
2. How do I apply for a loan?
Refer to the section below titled “Financial Aid Instructions for Fall 2018 Executive MBA Students.” Read everything carefully; then fill out the FAFSA application online, following the directions. Approximately one month prior to the payment deadline, NYU Stern’s Financial Aid Office will send you an award notice via email with next steps.
3. Where can I ask questions?
The NYU Stern Graduate Financial Aid office is located in the Henry Kaufman Management Center, 44 West Fourth Street, Suite 6-140. You can contact the Stern Graduate Financial Aid Office by email: fin-aid@stern.nyu.edu, by telephone: 212-998-0790, or by fax: 212-995-4426, or visit the website:
www.stern.nyu.edu/portal-partners/financial-aid.
4. What happens if the student loan disbursement arrives after the tuition deadline?
The Bursar will grant a credit on your account as long as your Federal and/or private student loans are fully approved. There are no late fee penalties for this situation.
5. What about the $5,000 non-refundable deposit?
The $5,000 deposit is due before enrollment and is not refundable. You must pay your deposit by the deadline given in your letter of admission to hold your place in the class. If your organization is late in cutting a check, you must pay with a personal check, and then seek reimbursement from your organization.
Financial Aid Application Instructions for Fall 2018 Executive MBA Students
1. FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA): If you are a U.S. citizen or permanent resident, complete the FAFSA as soon as possible, in order to qualify for Federal Direct student loans for Fall 2018, Spring 2019 and Summer 2019.
• Complete the 2018-2019 FAFSA by visiting www.fafsa.ed.gov. You will be required to use your 2016 federal income tax return information to complete this application.
List New York University on the FAFSA (Title IV) Code 002785. Note: You will need to re-apply for financial aid and submit another FAFSA form for the 2019-2020 Academic Year.
2. STUDENT AID REPORT (SAR): Approximately one week after you submit your FAFSA, the Federal processor will email you a link to your SAR. The SAR is a summary of the information you provided on your FAFSA.
• Verify that New York University is listed on the SAR Report. If you have been admitted and NYU is not listed, visit www.fafsa.ed.gov to make corrections to your FAFSA.
• Carefully review the information on the SAR. Most corrections can be made online at www.fafsa.ed.gov. New York University is not able to make corrections electronically on the student’s behalf. Also, any issues the processor may have with your application will be listed on the SAR. If there are no corrections to be made, print a copy of the SAR and keep it for your records.
3. APPLYING FOR FEDERAL AND PRIVATE STUDENT LOANS: After you have paid your enrollment deposit, the Stern Graduate Financial Aid Office will process your information. About one month prior to the payment deadline, you will be emailed instructions on how to activate your Fall 2018 loans.
Further information on applying for the Federal Unsubsidized, Federal Graduate PLUS, and private loans is listed below.
FEDERAL UNSUBSIDIZED LOAN: This is a long-term, fixed-interest loan guaranteed by the federal government. The current interest rate is 6%, which is based on the 10-year Treasury bond yield and cannot exceed 9.5%. An origination fee of 1.0699% is subtracted at disbursement; this amount is subject to change each year.
Loan eligibility is not based on financial need and interest accrues from the date of disbursement. The limit per semester is $10,250 and the aggregate limit is $138,500.
FEDERAL GRADUATE PLUS LOAN: The Federal Graduate PLUS loan may be used to supplement your Unsubsidized Loan. This loan is not need-based, and its approval is contingent upon a credit check. The current interest rate is 7%, which is based on the 10-year Treasury bond yield and cannot exceed 10.5%. An origination fee of 4.264% is subtracted at disbursement; this amount is subject to change each year.
Please note: As of October 1 every year, Federal Direct Unsubsidized and Federal Direct Graduate PLUS Loans origination fees are subject to change.
If you are eligible for federal loans (Unsubsidized and Graduate PLUS), the amount(s) for which you are eligible will be listed on NYU Albert, the university-wide system, approximately one month before your payment deadline. Students interested in borrowing federal loans should file the FAFSA for the academics years in which they are enrolled.
For more information on the federal loan program, visit the Stern Graduate Financial Aid website.
For more information on disbursement of funds, you may also refer to the Stern Graduate Financial Aid Office’s Disbursements and Refunds page.
PRIVATE STUDENT LOANS: In tandem with or in lieu of your Federal loans, you may borrow a private loan. All private loan programs require that you have a good credit history and some may require a credit-worthy co-signer. For a listing of lenders that offer private student loans, visit the Financial Aid Office's Private Student Loans for Domestic Students page. If you are an international student, visit the Private Loans for International Students page. This list consists of lenders used by Stern graduate students within the past five years.
If you are an international student, visit the Private Loans for International Students page. Certain private loan programs allow eligible international students to borrow money for tuition and living expenses not covered by other financial aid. These loans typically require a credit-worthy U.S. citizen or U.S. permanent resident as a co-borrower.
Private loan interest rates are typically variable. Borrow only as much as you need. Keep in mind that some lenders charge fees and you may need to maintain 6 credits to receive loan funds. Check with your lender accordingly.
* Note: Since the disbursement date for loans is after the Bursar's payment deadline, you must have all loans approved before the payment deadline. If approved, the Stern Bursar will use the approved loan funds as a “credit” toward your account.
Tuition Payment Schedule for Class Beginning August 2018
| Due on acceptance | $5,000 (non-refundable tuition deposit) |
| Due July 15, 2018 | $47,469 |
| Due December 15, 2018 | $47,469 |
| Due July 15, 2019 | $47,469 |
| Due December 15, 2019 | $47,469 |
| Total | $194,876 |
Methods of Payment
The balance due on your Statement of Account can be paid with electronic checks, personal checks, bank drafts, wire transfers and/or money orders. (The balance cannot be paid by credit card.) If your bank account requires payment by certified check or money order, you may not make payment by electronic check.- Electronic Check - via the Bursar eSuite
- Select "Sign in to Albert"
- Go to the Finances tab
- Click "View Bursar Account" to access eSuite
- Third Party Payment (Tuition Reimbursement)
- If you are participating in a third-party payment (tuition reimbursement) plan, provide the information needed to bill your employer when you complete the EMBA Info Form. Contact Amanda Nicholas (see below) with your questions on tuition reimbursement.
- Wire Transfer
- Personal Check (made payable to NYU Stern)
- NYU Stern School of Business
Office of the Bursar
44 West Fourth Street, Suite 6-110
New York, NY 10012
212-998-0630
- NYU Stern School of Business
You may contact Kara Devanney at:
NYU Stern School of Business
Executive MBA Program
Attn: Kara Devanney
44 West Fourth Street, Suite 4-100
New York, NY 10012
212-998-0273
kdevanne@stern.nyu.edu
Financial Aid and General Information
1. Who can apply for financial aid?You can apply for financial aid if you: (a) are self-paying, (b) receive partial financial support from your firm, and/or (c) are being reimbursed through a tuition reimbursement plan.
Note: If you are being reimbursed retroactively through a corporate tuition reimbursement program, or if your company will be paying tuition via letters of credit, you must pay in advance and might consider taking out a loan to cover your first invoice (1/4 tuition plus loan processing costs). You will then use your company reimbursement for your Fall 2018 courses to pay the Spring 2019 invoice. Eventually, in Spring 2020, you can use your fourth and final reimbursement to pay down your loans. There is no pre-payment penalty for Federal loans. Repayment for all Federal loans begins six months after graduation or six months after you drop below six credits of registration.
2. How do I apply for a loan?
Refer to the section below titled “Financial Aid Instructions for Fall 2018 Executive MBA Students.” Read everything carefully; then fill out the FAFSA application online, following the directions. Approximately one month prior to the payment deadline, NYU Stern’s Financial Aid Office will send you an award notice via email with next steps.
3. Where can I ask questions?
The NYU Stern Graduate Financial Aid office is located in the Henry Kaufman Management Center, 44 West Fourth Street, Suite 6-140. You can contact the Stern Graduate Financial Aid Office by email: fin-aid@stern.nyu.edu, by telephone: 212-998-0790, or by fax: 212-995-4426, or visit the website:
www.stern.nyu.edu/portal-partners/financial-aid.
4. What happens if the student loan disbursement arrives after the tuition deadline?
The Bursar will grant a credit on your account as long as your Federal and/or private student loans are fully approved. There are no late fee penalties for this situation.
5. What about the $5,000 non-refundable deposit?
The $5,000 deposit is due before enrollment and is not refundable. You must pay your deposit by the deadline given in your letter of admission to hold your place in the class. If your organization is late in cutting a check, you must pay with a personal check, and then seek reimbursement from your organization.
Financial Aid Application Instructions for Fall 2018 Executive MBA Students
1. FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA): If you are a U.S. citizen or permanent resident, complete the FAFSA as soon as possible, in order to qualify for Federal Direct student loans for Fall 2018, Spring 2019 and Summer 2019.
• Complete the 2018-2019 FAFSA by visiting www.fafsa.ed.gov. You will be required to use your 2016 federal income tax return information to complete this application.
List New York University on the FAFSA (Title IV) Code 002785. Note: You will need to re-apply for financial aid and submit another FAFSA form for the 2019-2020 Academic Year.
2. STUDENT AID REPORT (SAR): Approximately one week after you submit your FAFSA, the Federal processor will email you a link to your SAR. The SAR is a summary of the information you provided on your FAFSA.
• Verify that New York University is listed on the SAR Report. If you have been admitted and NYU is not listed, visit www.fafsa.ed.gov to make corrections to your FAFSA.
• Carefully review the information on the SAR. Most corrections can be made online at www.fafsa.ed.gov. New York University is not able to make corrections electronically on the student’s behalf. Also, any issues the processor may have with your application will be listed on the SAR. If there are no corrections to be made, print a copy of the SAR and keep it for your records.
3. APPLYING FOR FEDERAL AND PRIVATE STUDENT LOANS: After you have paid your enrollment deposit, the Stern Graduate Financial Aid Office will process your information. About one month prior to the payment deadline, you will be emailed instructions on how to activate your Fall 2018 loans.
Further information on applying for the Federal Unsubsidized, Federal Graduate PLUS, and private loans is listed below.
4. SECURING YOUR FINANCIAL AID:
|
FEDERAL UNSUBSIDIZED LOAN: This is a long-term, fixed-interest loan guaranteed by the federal government. The current interest rate is 6%, which is based on the 10-year Treasury bond yield and cannot exceed 9.5%. An origination fee of 1.0699% is subtracted at disbursement; this amount is subject to change each year.
Loan eligibility is not based on financial need and interest accrues from the date of disbursement. The limit per semester is $10,250 and the aggregate limit is $138,500.
FEDERAL GRADUATE PLUS LOAN: The Federal Graduate PLUS loan may be used to supplement your Unsubsidized Loan. This loan is not need-based, and its approval is contingent upon a credit check. The current interest rate is 7%, which is based on the 10-year Treasury bond yield and cannot exceed 10.5%. An origination fee of 4.264% is subtracted at disbursement; this amount is subject to change each year.
Please note: As of October 1 every year, Federal Direct Unsubsidized and Federal Direct Graduate PLUS Loans origination fees are subject to change.
If you are eligible for federal loans (Unsubsidized and Graduate PLUS), the amount(s) for which you are eligible will be listed on NYU Albert, the university-wide system, approximately one month before your payment deadline. Students interested in borrowing federal loans should file the FAFSA for the academics years in which they are enrolled.
For more information on the federal loan program, visit the Stern Graduate Financial Aid website.
For more information on disbursement of funds, you may also refer to the Stern Graduate Financial Aid Office’s Disbursements and Refunds page.
PRIVATE STUDENT LOANS: In tandem with or in lieu of your Federal loans, you may borrow a private loan. All private loan programs require that you have a good credit history and some may require a credit-worthy co-signer. For a listing of lenders that offer private student loans, visit the Financial Aid Office's Private Student Loans for Domestic Students page. If you are an international student, visit the Private Loans for International Students page. This list consists of lenders used by Stern graduate students within the past five years.
If you are an international student, visit the Private Loans for International Students page. Certain private loan programs allow eligible international students to borrow money for tuition and living expenses not covered by other financial aid. These loans typically require a credit-worthy U.S. citizen or U.S. permanent resident as a co-borrower.
Private loan interest rates are typically variable. Borrow only as much as you need. Keep in mind that some lenders charge fees and you may need to maintain 6 credits to receive loan funds. Check with your lender accordingly.
* Note: Since the disbursement date for loans is after the Bursar's payment deadline, you must have all loans approved before the payment deadline. If approved, the Stern Bursar will use the approved loan funds as a “credit” toward your account.