Graduate Scholarships and Financial Aid

New York Institute of Technology offers federal grants, loans, and academic scholarships and grants to graduate students. We review applications for admission to New York Tech automatically for the scholarships and financial aid listed below.

Graduate Tuition Calculator

In order to help you determine your costs, check out our Graduate Tuition Calculator.

Federal Financial Aid

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Federal financial aid is available to U.S. citizens and U.S. permanent residents in the form of federal loans. Domestic graduate students who wish to apply for federal loans must fill out the Free Application for Federal Student Aid (FAFSA).

  • Unsubsidized Direct Stafford Loan: Non-need-based, low-interest, fixed-rate loan available to undergraduate, graduate, or professional degree candidates registered for at least six credits in an academic program that leads to a degree. Repayment is deferred until six months after graduation, if you drop below half-time status, or take classes as a non-matriculated student. You may receive both subsidized and unsubsidized loans for the same enrollment period, but the total amount of these loans may not exceed the annual loan limit.
  • Federal Graduate and Professional Student PLUS Loan: With terms nearly identical to the Parent PLUS loan, the "Grad PLUS" is also a credit-based, federally guaranteed loan awarded to students themselves who are registered for at least six credits in graduate or professional degree programs. Similar to the Parent PLUS loan, a Graduate/Professional student must complete Graduate PLUS application, accessible on studentaid.gov. A PLUS Loan applicant who has an adverse credit history may still be able to receive a loan by documenting existing extenuating circumstances or by obtaining an endorser who does not have an adverse credit history. An endorser is someone who agrees to repay the loan if the borrower fails to do so. Also, if a Graduate Student/Professional PLUS applicant is denied the PLUS loan, s/he must complete Credit Counseling on studentaid.gov. It will not reduce your eligibility for the Stafford Loan, but the amount of any Stafford loans you will affect the amount of your PLUS loan. The PLUS loan is limited to the cost of attendance minus other aid received, as certified by New York Tech.

Apply for federal loans

Graduate Scholarships

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In order be eligible, you must:

  • Complete the FAFSA each year you are enrolled at New York Tech (U.S. students only).
  • Be a full-time student.
  • Maintain a cumulative GPA as specified by the scholarship.
  • Meet Satisfactory Academic Progress (SAP) requirements at all times.

Scholarships and grants are renewable each semester, as long you meet the scholarship requirements. They are for tuition only, divided equally between fall and spring semesters. Institutional aid is credited to a student's account after the end of the add/drop period. They are not applicable to summer session attendance.

Scholarships are determined by a variety of factors. The minimum academic requirements for each award are listed below. The charts are based on your year of entry and include the minimum GPA you need to maintain to renew your scholarship each year.

Graduate Scholar Award (GSA): up to $3,000 per year

This award recognizes the talents of entering graduate students who have demonstrated a high level of academic achievement. It consists of up to $3,000 per-year tuition-only credit for a maximum of three years (six semesters) of continuous full-time enrollment (nine credits). Proration may be available for applicants taking less than nine graduate level credits per semester, but you must register for at least three graduate level credits per semester for this proration. In addition, this scholarship applies only to fall and spring semesters and is not applicable to graduate courses that are offered at a discounted tuition rate.

Typically, students with the following criteria qualify:

  • Complete the FAFSA (U.S. students only).
  • Be accepted to a matriculated graduate degree program.
  • Have earned a bachelor's degree with a 3.3 CGPA.
    * Please note that scholarships are awarded based on your GPA at the time of application. If your final, official GPA is higher than when you applied, the Office of Admissions will reconsider scholarship awards up until the beginning of the semester.
  • If your program requires a GRE, then you must have earned a high enough combined score on the verbal and quantitative sections as determined by your academic department.
  • M.B.A. applicants must have a minimum GMAT score of 400.
  • International students must have a minimum TOEFL score of 79, IELTS score of 6, PTE score of 53, or Duolingo score of 105.
  • All students must be fully accepted without academic conditions.
Renewal Criteria

This award applies to fall and spring semesters only and is renewable each semester as long as you complete the FAFSA and the financial aid process. Awards will be renewed on an annual basis if you maintain a minimum 3.3 cumulative GPA and satisfactorily complete the courses for which you are registered, with no failing or incomplete grades.

New York Tech Graduate Alumni Award

This award is offered to students who hold a New York Institute of Technology bachelor's or master's degree only. This NYIT Graduate Alumni Award is NOT applicable to students enrolled in the BS/DO, BS/DPT, BS/MSOT, or BS/MSPA joint-degree undergraduate/graduate programs. See below for Joint Degree Program Award.

To be considered, all students must complete an application each academic year. This award will be allotted on an annual basis for a maximum of three (3) years or six semesters depending on the student meeting all of the following criteria required each semester.

Complete the application

  • Allotted $1,000 tuition-only credit for every three credits, up to $6,000 per year ($3,000 per semester)
  • Student must complete their degree on the Long Island or New York City campus of New York Tech.
  • This award is not applicable to students enrolled in the BS/DO, BS/DPT, BS/MSOT, or BS/MSPA joint-degree undergraduate/graduate programs.
  • This award is not applicable to students with tuition remission or tuition exchange or for students who take classes at an already discounted tuition rate.
  • This award is not applicable to students receiving a second bachelor's degree at New York Tech.
  • This application does not guarantee an award. This award is subject to fund availability.

Typically, students with the following criteria qualify:

  • Complete the FAFSA and submit any requested verification documents (excluding International students)
  • Must be fully matriculated in one of New York Tech's graduate degree-granting programs in New York
  • Must have a prior baccalaureate or master's degree from New York Tech
  • Cannot be enrolled in the BS/DO, BS/DPT, BS/MSOT, or BS/MSPA joint-degree undergraduate/graduate programs at New York Tech.
  • Enrolled in at least three (3) credits
  • Maintain Satisfactory Academic Progress (SAP)
  • Maintain at least a 3.0 cumulative grade point average
  • Complete and submit a NYIT Graduate Alumni Award application annually
Application Deadlines
  • For Fall Admits: July 15
  • For Spring Admits: December 15

Alumni Recognition Award for Students Enrolled in Joint-Degree Programs

This award is offered to students who are enrolled in the Graduate portion of the BS/DPT, BS/MSOT, or BS/MSPA joint-degree programs. It consists of a $425 tuition-only credit for every three credits that you are registered for, up to a maximum of $1,275 per semester (not including summer).

It will be allotted on an annual basis for a maximum of (3) three years or six semesters, depending on your meeting all of the following criteria required each semester. To be considered, all students must complete an application each academic year. Students must complete their studies on the Long Island campus or New York City campus of New York Institute of Technology to be eligible for this award.

Complete the application

  • Allotted up to $2,550 per year
  • Award excludes BS/DO students
  • Must be enrolled in one of the following joint-degree programs:
    • BS/DPT
    • BS/MSOT
    • BS/MSPA
  • This award is not applicable to students with tuition remission or tuition exchange or for students who take classes at an already discounted tuition rate.
  • This award is not applicable to students receiving a second bachelor's degree at New York Tech.
  • This application does not guarantee an award. This award is subject to fund availability.
  • Students must begin the Graduate portion of their BS/DPT, BS/MSOT, or BS/MSPA joint-degree program in Fall 2019 or prior to be considered for eligibility. Award will end with the graduating class of 2022.

Typically, students with the following criteria qualify:

  • Complete the FAFSA and submit any requested verification documents (excluding International students)
  • Must be fully matriculated in one of New York Tech's graduate joint degree-granting programs in New York
  • Must have a prior baccalaureate or master's degree from New York Tech or be enrolled in a joint-degree program
  • Enrolled in at least three (3) credits
  • Maintain Satisfactory Academic Progress (SAP)
  • Maintain at least a 3.0 cumulative grade point average
Application Deadlines
  • Fall Admission: July 15
  • Spring Admission: December 15

Life Science Achievement Award: up to $3,975 per year

This scholarship is awarded only to students who are matriculated in the B.S. in Life Sciences dual degree programs in occupational therapy, physical therapy, and physician assistant studies. This award is not applicable to students enrolled in the combined Life Sciences/Doctor of Osteopathic Medicine degree program. The award bridges the gap between your undergraduate phase and your graduate or professional phase.

This one-time scholarship provides up to $3,975 for the first year (including summer if applicable) of the professional phase of the combined BS/MS.OT, BS/MS.PA and BS/DPT programs for the completion of your undergraduate degree program. Full-time attendance is required.

Typically, students with the following criteria qualify:

  • Complete the FAFSA (U.S. students only).
  • Maintain a 3.3 cumulative GPA.
  • Satisfactorily complete the classes you registered for in the previous semester.
  • Be matriculated in the B.S. in Life Sciences dual degree programs in occupational therapy, physical therapy, and physician assistant studies.

Mayor's Graduate Scholar Award

This award is for students who work for the Office of the Mayor of New York. It consists of $3,000 per year for up to three years or six semesters. This scholarship cannot be combined with the New York Tech Graduate Scholar Award. Students must have a bachelor's degree and be admitted to a New York Tech graduate program.

Graduate Assistantships

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Graduate assistantships are offered to qualified students enrolled in our graduate degree programs providing partial or total tuition remission. Depending on your skills and experience and the needs of a specific program, graduate assistants may be asked to work as a Graduate Assistant (GA), Research Assistant (RA), or Teaching Assistant (TA). Learn more.

Work Study

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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 contact Student Employment.

New York Tech Scholarship Renewal Criteria

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All graduate students must maintain a 3.3 cumulative GPA to renew their scholarship. Recipients of the NYIT Graduate Alumni Award must maintain a 3.0 GPA to renew this award.