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50/50 Agreement & Application


Deferred Tuition Plan (50/50)

50/50 Application & Agreement 2014-2015 Form

Degree candidates may participate in this plan under the following conditions:
  • Not in arrears (past due) for any NYU charge or loan;
  • Without a previously unsatisfactory NYU credit record;
  • Matriculated and registering for 6 credits or more.
Under the Deferred Tuition Plan, an initial payment of 50 percent of tuition, plus a non-refundable application fee, are due in full upon registration. Under this plan, financial aid awards, student loan credits and any other type of credits given by NYU or an outside agency cannot be used as part of the initial payment. To calculate this initial payment, subtract the financial aid and student loan credits and any other type of credits given by NYU or an outside agency from the TOTAL CHARGES and divide this NET BALANCE in half. THIS IS THE INITIAL 50% PAYMENT.

The second payment of 50 percent of tuition is due in full by November 3. A 12 percent interest fee per annum (1 percent per calendar month or any part of) will be charged on the unpaid balance. Failure to meet payment on time will result in a penalty charge of $100. (See the penalty schedule in the Stern Bulletin).

EXAMPLE:   How to calculate your first payment on the 50/50 Plan

 

          Charges                                                          Loans , Scholarship & Other Credits

     Tuition             =          $20,000.00                  Student Loan   =          $10,148.00

      Reg/serv fee    =          $  1,500.00                 Scholarship      =          $  1,800.00

     TOTAL CHARGES  = $21,500.00                  Total credit      =          $11,948.00

         

                                                                                                                                                                                                                                                Total charges   =          $21,500.00

                                                                                                                                                                                                                                                Total credit      =         ($11,948.00)

            NET BALANCE   =     $ 9,552.00    divide this in half = $4,776.00

 

Your first payment on the 50/50 Plan is  $4,826.00      
($4,776.00 +$50.00 Application fee)