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Undergraduate Women 1999-2000Student Finances
Tuition
and Fees, 1999-2000
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Tuition |
$15,650 per year |
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University Registration Fee |
$150 per year |
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Dormitory Rental |
$3,750 per year |
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Dormitory Registration Fee |
$20 per year |
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Dining Club Membership |
$1,500 per year |
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Student Activity Fee |
$110 |
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Leave of Absence Fee |
$20 per semester |
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Laboratory Fees |
see individual course descriptions |
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Late Registration Fee |
$25 per semester |
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Transcript of Record |
$4 each; $8 for rush service |
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Graduation Fee |
$50 |
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Makeup Examinations |
$15 |
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Exemption Examinations |
$40 |
Meals are available on an individual basis from the cafeterias at the Main and Midtown campuses. On-campus food costs average $3,780 per year for students in residence including the $1,500 Dining Club membership fee, and $2,930 for commuting students.
Part-time students taking fewer than 7 credits a semester are charged $560 per credit plus a $25 registration fee.
Undergraduate students are charged full-time tuition if they are enrolled for seven or more undergraduate credits. Undergraduate students who are enrolled for fewer than seven undergraduate credits will be charged at the undergraduate per credit rate.
Full-time students may enroll in approved graduate courses at no additional charge during their last year of undergraduate study. Part-time students, in their last year of undergraduate study, are charged at the graduate per credit rate for any graduate courses.
Leave of Absence:
Students who wish to leave the University temporarily should contact the Registrar’s Office for a leave of absence application. There is a fee of $20 per semester which must accompany the application.
Students seeking financial assistance from Yeshiva University are required to submit the Free Application for Federal Student Aid (FAFSA). Prospective students should file their Financial Assistance Application at the time they apply for admission. Forms are available from the Office of Financial Aid or the Office of Admissions.
The Yeshiva University Financial Assistance Program includes many sources of aid, such as:
University grants are direct gifts from the University to the student and depend on the amount of financial need and student eligibility for funding from other programs. This program is made possible largely by Yeshiva University’s National Scholarship Program, supported by communal agencies and individuals throughout the world.
These scholarships are designed for exceptionally gifted students who demonstrate high academic achievement and a commitment to Jewish studies. Annual awards of $3,000 to $10,000 support undergraduate studies by students attending the New York campuses.
Distinguished Scholars Program
The Distinguished Scholars Program offers substantial scholarships to outstanding undergraduates. Distinguished Scholars receive $10,000 scholarships the first year of on-campus study toward a bachelor’s degree, and are eligible for up to $40,000 over four years. The Distinguished Scholars Program originated through a bequest by the late Rachel Golding.
Distinguished Scholars also participate in an enriched course of study, including seminars and special events, that utilize the unparalleled cultural and intellectual resources of New York. A faculty mentor provides individualized guidance for each participant.
Academic Scholars Program
Qualified applicants may be designated as Academic Scholars. Annual awards range from $3,000 to $5,000 for up to four years of on-campus study.
The Federal Perkins Loan, a federal program administered by Yeshiva University, provides very low cost education loans toward undergraduate educational expenses. Undergraduate students may be awarded up to $1,500 per year. Repayment begins nine months after the borrower ceases to be a half-time student and is made in quarterly installments for up to 10 years. No interest accrues on the loan before the payment period begins; thereafter, simple interest of 5% per year is paid on the outstanding balance.
The Federal Work-Study Program provides students who demonstrate financial need with employment to help meet supplementary educational expenses. Students are placed by the Office of Financial Aid in jobs which, wherever possible, are in keeping with their career goals and previous work experience. On-the-job training is also arranged in many cases for students who do not have prior experience.
The Academic Year Work-Study Program provides part-time employment of up to 15 hours per week while classes are in session at the Main Campus, Midtown Campus, and Brookdale Center.
The Summer Work-Study Program provides employment of up to 35 hours per week either off-campus near the student’s home or at a YU campus. Only students who will attend in the Fall semester may participate in the previous summer Work-Study Program.
The Pell Grant, administered and funded by the federal government, provides grants of up to $3,125 per year toward the educational expenses of US citizens and permanent residents. Eligibility is determined by a formula set by Congress and is based on most of the information requested in the FAFSA.
The SEOG program was established by the federal government to help students from the lowest income families meet educational expenses. Grants range from $200 based on extreme financial need. Recipients must also be eligible for and receive the Pell Grant.
This program is generally available to students based on need. A total of $1,500 maximum per year may be borrowed at 5% interest. Repayment begins nine months after the student is no longer enrolled at Yeshiva University and ends 10 years later. Eligibility is determined by financial need.
In addition to the programs mentioned above, the following sources of assistance are worthy of consideration:
The Federal Stafford Loan Program makes loan funds available to college students for financing their college education. Under this program, students may borrow a maximum of $2,625 for their first year, $3,500 the second year, and $5,500 each year for the remainder of their undergraduate years to a maximum of $23,000. Depending on computed financial need, the federal government may pay the interest due on the loan while the student is in school; otherwise, the interest is due while the student is in school or may be capitalized until after graduation.
TAP provides grants of up to $4,125 per year for students who are legal residents of New York State. Awards are determined by the amount of parents’ net taxable New York State income (gross income less all exemptions and deductions). Students from families with net taxable income up to $50,500 are eligible. This cutoff is higher if more than one family member is attending college.
The Hope Scholarship is actually a tax credit of up to $1,500 available to students enrolled at least half time in the first two years of undergraduate study. Parents of dependent students may claim the tax credit. Full and part-time students beyond the first two years may be eligible for the Lifelong Learning Tax Credit which can be up to $1,000. Further information is available in the Office of Financial Aid, and families may also wish to consult their accountant or tax adviser.
The Canada Student Loans Plan makes bank loans available to Canadian students who need financial assistance to engage in full-time study toward a degree.
To be eligible a student must:
be enrolled, or intend to enroll, as a full-time student;
be a Canadian citizen or have lived in Canada at least a year; and
declare the intention to live in Canada after graduation. (Quebec Province grants loans only to students studying in the province.)
The maximum that may be borrowed by a student is $1,500 in any one year, and not more than $6,000 in aggregate. Students are normally expected to repay the total amount of the debt over a period of 5 to 10 years after graduation or termination of full-time study.
For complete information on scholarships, student employment, loans, and other methods of educational financing, consult the Office of Financial Aid, Yeshiva University, 500 West 185th Street, New York, NY 10033-3201, (212) 960-5269. E-mail at yufinaid@ymail.yu.edu, or visit our web page from the Yeshiva University site: www.yu.edu.
Programs which award financial aid based in whole or in part on need use a special definition of the term. "Need" is defined as the total cost of attending the institution minus the amount the student and the student's family can contribute toward that cost. This latter amount is called the "Estimated Family Contribution" determined by the standard, congressionally approved formula using the information supplied on the Free Application for Federal Student Aid.
The total cost is sometimes called the "student expense budget" and is developed by each institution using federally approved guidelines. Each student's budget is based on enrollment status and whether or not the student lives on campus. Sample student expense budgets for Yeshiva University undergraduate students are provided below.
college students’ most important single source of financial help is their parents. Some families of very modest means can give only minimal support, but the overwhelming majority of parents can and do provide substantial financial help.
Yeshiva University is eager to help parents meet educational expenses, but expects each family to pay as much as it can reasonably afford and as much as other families in similar circumstances. The University expects a family to draw on both current income and accumulated assets to meet education costs.
Filling the gap between the cost of education and a family's financial resources can include a variety of elements. The University will do its best to fill as much of the gap as possible with financial aid. When there is still a remaining gap, these are some of the additional areas to be explored:
parental support, including family savings and assets;
the student’s personal savings, including trusts and bonds;
summer work;
part-time work during the school year;
loans obtained by parents through family, friends, or commercial organizations;
student loans—from Federal Perkins Loans, federal and state guaranteed programs, and the University’s loan program;
scholarship grants—from Yeshiva University, federal and state scholarship programs, and programs sponsored by community, fraternal, and industrial organizations.
Expenses are shown for the nine-month school year. All figures are approximate, especially transportation costs. It should be remembered that many of the personal expenses (clothing, laundry, recreation, etc.) and food costs would be incurred even if the student did not attend college. Since laboratory fees vary with program, they are not listed.
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Resident Student |
Commuting Student |
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TUITION AND FEES |
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Tuition |
$15,650 |
$15,650 |
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Student Fees |
$110 |
$110 |
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Registration |
$150 |
$150 |
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Dormitory |
$3,750 |
— |
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Dormitory Registration |
$20 |
— |
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Dining Club Membership |
$1,500 |
— |
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Subtotal |
$21,180 |
$15,910 |
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OTHER EXPENSES |
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Additional Meals/Snacks |
$2,280 |
$2,930 |
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Books and Supplies |
$605 |
$605 |
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Personal Expenses |
$900 |
$900 |
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Transportation |
$825 |
$825 |
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Subtotal |
$4,610 |
$5,260 |
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ESTIMATED BUDGET TOTAL |
$25,790 |
$21,170 |
Invoices for each academic semester (fall and spring) are mailed approximately one month before their due date. Tuition & fees and room & board are normally due three weeks before the beginning of the semester. Fall 1999 semester payment arrangements are due by August 9. Payment arrangements for spring 2000 are due by December 15. New students and students returning from Israel must pay the University registration fee and the student residence registration fee before they can register for the new semester. Continuing students pay a residence registration fee and a residence deposit in the spring to assure continued placement in the residence halls for the next school year. No student is permitted to register until all outstanding balances have been paid in full or satisfactory arrangements made with the Office of Student Accounts.
Invoices are sent to students at the address listed with the Office of Student Accounts as the billing address. Students should notify the Office if they wish to change their billing address.
All payments must be sent to the Office of Student Accounts. The student's name and Social Security Number must be indicated on the front of all check payments.
Full payment or arrangements for full payment must be made before the invoice due date to allow students to move into the residence halls and have proper credit applied to their meal-plan cards.
Payment through a parent’s employer requires a letter from the employer indicating the payment dates, number of payments, and amount to be paid.
A payment brochure, describing the various payment options listed below, is mailed to each student approximately one month before the bill is due.
Full Payment – The entire semester’s bill less any financial aid, may be paid by either check or credit card (MasterCard or VISA). Payment is due three weeks before the beginning of the semester. A check should be sent to the Office of Student Accounts, 500 West 185 Street, New York, NY 10033-3201. The University payment plan brochure contains a credit card form; or the student may call the Office of Student Accounts at (212) 960-5269 to provide credit card information over the telephone.
Under this plan, three payments are made each semester either by credit card or check. Payments are due on the invoice due date August 9, September 15 and November 1 for the Fall semester and December 15, February 1 and March 15 for the Spring semester. A deferred payment agreement must be signed. Each student will receive a payment plan brochure approximately one month before the bill is due which includes the deferred payment agreement and credit card forms.
TMS is an outside organization working on behalf of Yeshiva University. A 10-month payment plan begins in July and ends in April of the following year, allowing payment of the entire year's balance (total yearly cost of attending Yeshiva University minus any financial aid) over a 10-month period. TMS charges a $50 fee. No interest is charged on this plan. Only the $50 fee may be paid by credit card. TMS mails a notice each spring; or the student may request a brochure from the Office of Student Accounts.
Yeshiva University bills may be paid only with international money orders, in US dollars, not foreign checks. A second option is to wire transfer funds directly to the University bank.
Payment may be made by transferring funds directly from your bank to the University’s account using the following information:
Wire funds directly to:
Chase
Manhattan Bank
181st
Street & St. Nicholas Avenue
New
York, NY 10033
For
the account of:
Yeshiva University
Account
Number:
025-006193
ABA
number:
021000021
The student’s name and Social Security Number must appear on the wire.
Please note--some banks charge a fee to wire funds resulting in less money being credited to the University's account.
A student who withdraws during the first 60% of a semester will have tuition prorated. All fees are retained by the University. Housing fees will be prorated and the unused meal plan balance will be refunded.
A student who withdraws after the 60% period pays full tuition, housing, and meal plan.
Consistent with federal regulations, a student who withdraws during the first 60% of the semester and who has received Title IV financial aid will be required to return a portion of this aid to the federal government. (Example: a student who withdraws at the 30% period may keep 30% of the aid and 70% must be returned to the government.) Once the amount to be returned is determined, it must be returned in the order specified by law: unsubsidized student loans, subsidized student loans, Perkins loans, PLUS loans, Pell Grant, FSEOG, other Title IV aid for which a return of funds is required.
If a student is required to return funds to a loan program, that money is repaid under the terms and conditions of the promissory note. If the student is required to return funds to a grant program, the money is returned according to regulations governing the repayment of grants.
Students will not be allowed to register for the coming semester unless all balances have been cleared. Students who owe money to the University or are in arrears in repaying student loans will not receive a diploma or transcripts from the University.
Should it become necessary to refer an account to a third party due to nonpayment, the student will be responsible for any collection costs, attorney fees, and suit fees.
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Last Updated 07/23/2002 © Yeshiva University |