What is Cost of Attendance?
Cost of attendance (COA), also known as the student's budget, represents a student's maximum financial aid eligibility. The cost of attendance is determined by New York University (NYU) which consists of tuition, orientation fees, and estimated living expenses for one academic year. The estimated living expenses reflect the amount that students should consider when budgeting for the academic year. These expenses consist of: food and housing, books and supplies, transportation, miscellaneous expenses, loan fees, and health insurance (if provided by NYU). Only students enrolled at least half-time (4.5 credits) or greater will be eligible for miscellaneous expenses.
The tuition and fees for each program indicates what must be paid directly to the University. The figures in the living expense category are estimated by NYU and reflect the amount that students should budget for the academic year, even though the living expenses are not typically billed through NYU. However, the health insurance provided by NYU, along with food and housing for students living on campus, will be billed directly to the student by NYU.
Students are eligible for financial aid up to, but not exceeding, their COA. Students may only borrow loans up to the COA, minus any other financial aid received (i.e. scholarships, outside aid, teaching/graduate fellowships, etc.)
Students faced with extenuating circumstances have the option of submitting a Budget Appeal. If approved, the budget increase would allow students to receive additional financial aid, such as student loans.