Hey, guys. I applied to NYU with a 36 ACT and a 4.0 UW and I received a 40K CAS Scholarship and an offer of 3,000 in Work Study and rest in loans (COA 71K)… With this offer, I can afford NYU
My EFC this year was 20.5K, but with my brother graduating next year I know it will raise. He goes to a state University and we are only paying maybe 8K a year.
How is this going to affect my NYU CAS Scholarship (which I assume is given on a combination of need and merit)? I don’t want to spend 28K dollars for my freshman year, and then have to transfer out because I can not afford it for future years.
How would we know?
We can’t tell you whether NYU will withdraw a scholarship that may have some need component. Only NYU can tell you that. You need to ask them now.
What you can do, is contact them now and say something like…When my brother graduates in 2016 and my Efc doubles, will some of my CAS scholarship go away? If so, how much. If you can, contact them by email, and then save the response if it’s favorable.
NYU can be super with aid, but it’s usually terrible with aid. That said, I suspect that once the award is made, since it was essentially awarded because of your ACT 36, the award will stay as long as any GPA req’ts are maintained.
you need to email NYU scholarship office.
@mom2collegekids You would be surprised… NYU is giving out massive scholarships nowadays even to relatively average student… it was by far the school that gave me the most aid
OP, calling them would be the best choice. I do recall someone telling me though that NYU doesn’t rescind scholarships unless you do bad academically (could be wrong on that so just call them)
Look at the names of your scholarships. You should be able to find on NYU’s website if it is a need based or merit based scholarship. Keep in mind that a lot of their scholarships require a 3.5 gpa in order to keep the scholarship If you don’t get the 3.5, you don’t keep the scholarship and they will not use need based aid to replace it.
If your scholarship is based on need, that scholarship will go down because you will have less of a need once your brother graduates.
You need to talk with your parents as they need to work out each scenario as to whether or not NYU is financially feasible should you lose a merit scholarship or if you receive less of a need based award
You need to talk to NYU. The school doesn’t guarantee to meet full need for all. NYU should be able to tell you the provisions of renewal for all of your specific awards. Look in your award letter too… Might be there.