NYU Stern
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Financial Aid

All admitted students in good standing who are not receiving aid elsewhere can expect to receive financial aid. Applicants are not required to complete financial aid applications.

Stern provides a full-tuition scholarship for an approved program of study. In addition, students receive an annual living stipend and individual health insurance for up to five years, provided that students maintain satisfactory academic standing. All financial aid awards require residency for 11 months (September-July).

Students also receive financial support for research, conference travel, and research computing needs.

Doctoral Student Funding

The First Three Years of Financial Aid

During the first three years of study, the stipend is provided in the form of a full fellowship.

Fourth Year Financial Aid

The stipend in the fourth year is packaged through a combination of teaching and fellowship. Stern PhD students are required to teach one undergraduate class at Stern. The opportunity to teach is an important part of the learning experience, and helps students to obtain better job opportunities upon graduation.

Fifth Year Financial Aid

Fifth-year fellowships are mostly funded by special named donor fellowships. All fifth year students in good standing receive full funding. However, the stipend may either come in the form of a full fellowship, or a combination of fellowship and teaching. Full-fellowships are performance based.


The following named fellowships may be awarded: Ernest Kurnow Fellowship, Donald L. and Valerie R. Honerkamp Fellowship, Fred Renwick Fellowship, Joseph Taggart Fellowship, Marcus Nadler Fellowship, Benjamin Levy Fellowship, David Wood Fellowship, Jules Bogen Fellowship, Edward Deming Fellowship, Paul Willensky Fellowship, James T. Clifford Memorial Fellowship, Milton Reynolds Fellowship, Lee Sproull Doctoral Fellowship, Edwin and Diane Elton Fellowship, PhD Director's Fellowship, and PhD Alumni Fellowship.

In addition, some doctoral students win fellowships from sources outside of Stern, i.e., NASDAQ, NSF, AAUW, AICPA, State Farm, Social Science Research Council, KPMG, Society of Actuaries, etc.