Costs

Invest in yourself and change lives

As a teacher resident, you’re taking on a deep commitment toward a career that makes a positive difference in the world. We share your dedication to actively addressing educational injustices based on the belief that all students are capable of high achievement. Upon graduating, you will receive a master of arts in teaching from NYU Steinhardt, one of the nation’s leading research institutions, and will have completed a whole year of teaching practice directly in the classroom.

We seek a diverse group of applicants to become teaching residents and encourage you to apply and complete your financial aid application today.

Once you have been admitted, you will receive detailed information on your scholarship and financial aid package. You are under no obligation to enroll in the program until you have seen and accepted your financial aid package.

All residents are eligible for some level of scholarship and financial aid to help you achieve this important accomplishment.

Sources of financial support

NYU Steinhardt scholarship

You will be considered for scholarships from NYU Steinhardt or other sources that can average $13,000 and range from $5,000 to $18,000. We also strongly encourage all applicants to apply for need-based aid, including student loans, by completing the Free Application for Federal Student Aid (FAFSA) and submitting the information to NYU. One hundred percent of last year’s enrolled cohort received an NYU Steinhardt scholarship.

District and charter subsidy and stipend (applicable only to full-day residency)

Our district and charter partners are responsible for a $10,000 tuition subsidy as part of your commitment to them in the full-day residency. Plus, you’ll earn $15,000 to $50,000 in wages to help with your educational and living expenses. Each full-day residency partner page provides specifics on wages, stipends, and benefits in the Details section.

Free Application for Federal Student Aid (FAFSA)

You can offset your tuition costs with federally subsidized loans while in your residency year, if eligible. Most graduate students are potentially eligible to receive up to $41,000 in federal loans over the course of the Teacher Residency.

Complete and submit the Free Application for Federal Student Aid (FAFSA) for both 2020-2021 and 2021-2022 to learn if you are eligible. The institution code number for New York University is 002785. FAFSAs must be submitted by May 1, 2021.

Apply early

Do not wait for an acceptance offer to submit your FAFSA materials. NYU’s Office of Financial Aid will send you a financial aid package shortly after you have an offer to participate in the NYU Steinhardt Teacher Residency program.

For help in completing the FAFSA, call 800-4-FED-AID.

If you have questions about financial aid, please contact our enrollment specialists, who will connect you with a financial aid counselor who can answer your questions.

The amount you’re responsible for can be further reduced with teacher grants and the teacher loan forgiveness program, if eligible.

TEACH Grant (federal)

You are eligible while you are in graduate school.

Students who commit to teaching in a high need (Title 1) school for four years post-graduation may be eligible for a grant of up to $3,764 in tuition during the residency year.

Teachers of Tomorrow Grant (NY State only)

You are eligible to apply for up to three years for the second through fifth years of your teaching career.

Teachers of Tomorrow (TOT) is a program funded by the New York State Education Department (NYSED) intended to help recruit and retain eligible newly hired teachers working in NYC DOE, Albany, and Syracuse. Eligible teachers may receive a $3,400 TOT award for up to four consecutive years. Awards are distributed annually, and availability is contingent upon NYSED funding.

Teacher Loan Forgiveness Program (federal)

You will be eligible after five years of teaching in a Title 1 school.

Further eligibility information by subject area:

  • Math, science, and special education teachers may be eligible for up to $17,500 in loan forgiveness.
  • English and social studies teachers may be eligible for $5,000 in loan forgiveness.

Eligibility is not guaranteed. You must read about the requirements of the program and follow the steps required by the federal government. If you have questions, you should contact the US Department of Education via the links above.

More information will be provided by NYU’s Office of Financial Aid on the federal grants once you are enrolled in the program. School districts in NY State provide information on the TOT grant.

Tuition and fees (estimated) 2020-2021 academic year

Summer 2020 cost per credit is $1,795 with additional $864 fees for registration. Fall 2020, Spring 2021, and Summer 2021 cost per credit is estimated to be $1,867 with additional $3,069 total fees for registration. The Board of Trustees of New York University reserves the right to alter the fee schedule without notice.

Full day

Summer 2020 4.5 credits
$8,078
Fall 2020 9 credits
$16,803
Spring 2021 12 credits
$22,404
Summer 2021 4.5 credits
$8,402
Total tuition
$55,686
Total fees
$3,553
Total before scholarships
$59,239
Average Steinhardt scholarship
$13,038
Average district/charter subsidy
$10,000
Average total after scholarships and subsidy
$36,201

Half day

Summer 20204.5 credits
$8,078
Fall 20209 credits
$16,803
Spring 202112 credits
$22,404
Summer 20214.5 credits
$8,402
Total tuition
$55,686
Total fees
$3,553
Total before scholarships
$59,239
Scholarships available
$5,000 – $18,000
Total after scholarships
$41,239 – $54,239