The increase comes amidst the introduction of “The NYU Promise,” an affordability/financial aid initiative unveiled by President Linda G. Mills, NYU’s 17th president, in her inaugural speech in October 2023. The effort ensures that NYU meets admittees’ demonstrated financial need, provides yearly increases to keep up with increases in tuition, and—beginning with next year’s entering first-year class—eliminates tuition for those whose families earn less than $100,000. Among the outcomes:
- A 23% increase in students eligible for full-tuition scholarships.
- A significant 10% increase in admitted students who will be the first in their families to attend college.
- Over 330 students are expected to be eligible for a Pell Grant, a 36% increase from the previous year.
