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      <AuditCommittee>true</AuditCommittee>
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        <ReturnReference>SCHEDULE D, PAGE 4, PART XI, LINE 2D</ReturnReference>
        <Explanation>UNREALIZED GAIN ON FAIR VALUE OF INTEREST 0 RATE SWAP 27,513</Explanation>
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      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
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        <Identifier>PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION</Identifier>
        <ReturnReference>SCHEDULE E LINE 3</ReturnReference>
        <Explanation>A STATEMENT OF NONDRISCRIMINATION IS PRINTED IN EACH BULLETIN THAT IS PRODUCED BY THE SCHOOL THIS BULLETIN INCLUDES AN APPLICATION FOR ADMISSION THE STATEMENT IS ALSO PUBLISHED ON THE SCHOOLS WEB SITE</Explanation>
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      <Form990ScheduleEPartII>
        <Identifier>FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION</Identifier>
        <ReturnReference>SCHEDULE E LINE 6</ReturnReference>
        <Explanation>THIS ORGANIZATION RECEIVES SUBSIDIZED AND NONSUBSIDIZED STAFFORD EDUCATION LOANS ON BEHALF OF SOME STUDENTS</Explanation>
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        <TypeOfGrant>TUITION ASSISTANCE</TypeOfGrant>
        <NumberOfRecipients>13</NumberOfRecipients>
        <AmountOfNonCashAssistance>58356</AmountOfNonCashAssistance>
        <MethodOfValuation>BOOK</MethodOfValuation>
        <DescriptionOfNonCashAssistance>REDUCE TUITION</DescriptionOfNonCashAssistance>
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        <Identifier>PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES</Identifier>
        <ReturnReference>SCHEDULE I, PAGE 1, PART I, LINE 2</ReturnReference>
        <Explanation>THE TUITION ASSISTANCE IS GIVEN TO THE STUDENTS IN THE FORM OF A CREDIT TO THEIR ACCOUNT. THE TUITION ASSISTANCE IS NOT PERMITTED TO EXCEED THE STUDENT'S TUITION BILL.</Explanation>
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        <DescriptionOfTransaction>COMPENSATED FOR</DescriptionOfTransaction>
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        <SharingOfRevenues>false</SharingOfRevenues>
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        <Explanation>THE NEW YORK GRADUATE SCHOOL OF PSYCHOANALYSIS IS AFFILIATED THROUGH COMMON CONTROL BY ITS SHARED BOARD OF TRUSTEES. THE TWO AFFILIATES HAVE THE SAME POLICIES AND PROCEDURES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>THE BOARD OF TRUSTEES REVIEWS THE FORM 990 BEFORE IT IS FILED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>MEMBERS OF THE BOARD PROVIDE AN ANNUAL DISCLOSURE OF ANY CONFLICT OF INTEREST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>THE BOARD PERFORMS AN ANNUAL REVIEW OF THE PRESIDENT'S COMPENSATION USING COMPARISONS TO OTHER NON-PROFIT GRADUATE SCHOOLS AND ORGANIZATIONS AND A REVIEW OF EMPLOYEE PERFORMANCE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15B</ReturnReference>
        <Explanation>THE BOARD OF TRUSTEES PERFORMS AN ANNUAL REVIEW OF OTHER KEY EMPLOYEES' COMPENSATION BY COMPARISON WITH OTHER ORGANIZATIONS AND PERFORMANCE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>RECONCILIATION OF CHANGES - OTHER</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 9</ReturnReference>
        <Explanation>UNREALIZED GAIN ON FAIR VALUE OF INTEREST 0 RATE SWAP 27,513</Explanation>
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          <City>NEW YORK</City>
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      <ExchangeOfAssets>false</ExchangeOfAssets>
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