Financial Aid

Financial Aid

Many students are able to benefit from our generous financial aid programs and policies, so don't be deterred by the published tuition costs of attending NYIT. The Office of Financial Aid is committed to helping you and your family understand and take advantage of options to offset the cost and comfortably fund your education throughout your college career. We encourage you to educate yourself about the cost of college and resources available to you.

Types of Aid

Scholarships & Grants

These are both “gift awards” that you don’t have to pay back. They can come from NYIT, the federal or state government, or from private and non-profit organizations, and can be awarded based on economic need,  merit, or other criteria.

Loans

Loans are borrowed money that must be repaid with interest. Federal loans, which include both need-based and non-need-based options, usually offer the best terms. Private loans are available from banks and other financial institutions. They carry variable interest rates, and usually require a co-signer.

Work Study

The Federal College Work Study Program provides part-time employment to assist eligible enrolled students in paying for educational expenses. It is based on economic need. If you are not eligible for Federal College Work Study, you can also become a student aid. For more information, please email Student Employment.

Veteran's Benefits

NYIT is proud to serve veterans of the U.S. armed forces. In coordination with the Department of Veteran’s Affairs, we offer you and your family an array of programs and educational benefits to help pay for NYIT tuition and assist with living expenses while enrolled at our university.

Review the Financial Aid Glossary.

How to Apply for Financial Aid

This information is not applicable to international students.

Step 1: Create an FSA ID

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Your FSA ID gives you access to all federal student aid programs, including the FAFSA, and serves as your electronic signature.

When: As soon as you begin the college application process.

Watch this short video to learn learn how to create an FSA ID.


Step 2: Complete and file your FAFSA online

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NYIT’s Federal School Code: 002782.

FAFSA determines your eligibility both for government-sponsored aid and for the more than $40 million in grants and scholarships NYIT awards every year.

Deadlines

  • March 1: Priority Deadline for New Students
  • June 30: Federal Aid Deadline

File by Jan. 1 to maximize your financial aid eligibility, especially if you plan on being a full-time student. For the 2017–2018 academic year, you will be able to file your FAFSA anytime after Oct. 1, 2016.

View video: 7 easy steps to the FAFSA

Step 3: New York State Residents—Complete your TAP (Tuition Assistance Program) application

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NYIT’s TAP Codes:

Undergraduate – 2120
Graduate – 5455

Graduate code is needed for state aid and for veteran students applying for New York State veteran-related aid. Complete your FAFSA online, then link directly from your FAFSA confirmation page to apply for TAP.

Deadline: June 30

Step 4: Receive and review your Federal Student Aid Report (SAR).

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The SAR provides a summary of the information you reported on the FAFSA. If any corrections are requested, make them online immediately.

Step 5: Verification: Don’t worry. It’s not you, it’s them.

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Your FAFSA may be randomly selected for verification of the information you’ve reported—a process the federal government uses to monitor the accuracy of the system. If so, we’ll ask you to complete a Verification Worksheet and submit certain documentation (e.g. federal tax return transcripts or W-2s) to the Office of Financial Aid for review.

Step 6: Receive and review your Financial Assistance Plan from NYIT

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We’ll notify you by email or mail as soon as we’ve prepared your financial aid package. This is typically a combination of federal, state, and institutional scholarships, grants, work-study opportunities, and/or low-interest loans. Sign in to NYITConnect to view a detailed description of your Financial Assistance Plan. You must accept, reduce, or decline all or any part of the proposed aid package online.

When: Upon receiving your Financial Assistance Plan.

Step 7: Turn in any final documentation required.

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Depending on the types of aid you’ve been offered and accepted, you’ll be directed how and where to complete and submit any specific documentation requested.

Step 8: Consider other sources and solutions

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Additional scholarships, grants, and/or loans from outside sources or private organizations may be available if you need additional resources to cover your cost of attendance. You may also enroll in an interest-free, tuition payment plan through the Office of the Bursar.

Eligibility for Financial Aid

Your eligibility for assistance is based on two factors: the cost of attending NYIT and your family’s ability to pay.

Learn more

Contact Us

Old Westbury
Harry Schure Hall, first floor
Phone: 516.686.7680
Fax: 516.686.7997
finaid@nyit.edu

Manhattan
16 W. 61st St., first floor
Phone: 212.261.1590
Fax: 212.261.1501
finaid@nyit.edu

College of Osteopathic Medicine
Financial Aid

Serota Building
Phone: 516.686.7960
Fax: 516.686.7764
medicinefa@nyit.edu

Ellis College students should call 888.847.1220, fax 888.809.0136, or email ellisfinaid@nyit.edu.