💲💲💲💲💲
Stern PhD funding is paid via fellowships, which are taxable income and filed on the 1098-T. The base fellowship is $45,925 and is distributed over 22 pay periods throughout the academic year. Each August, the Stern PhD Office will provide each student a letter with the detailed disbursement schedule.
The base fellowship is subject to annual increases.
The first stipend payment will be in late August/early September [exact date TBD].
In Year 1 only, Students are awarded $1,500 to use for their equipment needs. This payment is made directly to the student, who has the freedom to purchase whatever equipment they need. The equipment does not become NYU property.
This payment is included in the first stipend payment.
The Stern PhD Office pays the Student Health Center directly for health insurance coverage. This does not get billed to the student account.
For more information on health insurance coverage, please see the information available here.
Students receive a full tuition scholarship each fall and spring term. Students are not required to be registered for courses in the January term. In the summer term, all students are automatically registered in "maintain matriculation" status, which is no-cost and allows students to maintain active student status.
All students are responsible for paying a $275 fee each fall and spring term. For international students, this fee also covers the Office of Global Services fee.
Tuition scholarships are paid directly to the student's Bursar account after the add/drop period each semester. Waiting until after the add/drop period helps account for any last-minute schedule changes.
In Years 1 and 2 only, students receive $12,600 each year in housing support. For full housing information, including the disbursement schedule, please read the information available here.