<p>I got into NYU Stern and IU Kelley (safety) for ED/EA, but I’ll most likely pull out of Stern’s ED agreement as the $70k/year tuition is not feasible for us, and even for those who can afford it, just a ridiculous price for an undergraduate degree.</p>
<p>IS anybody else in the same predicament of getting into a ED/EA school but pulling out due to financial reasons?</p>
<p>Did you run the NYU NPC before submitting the ED app? Is the actual FA at large variance from your estimate? That is the appropriate way to approach ED, I believe. If the offered FA is much lower than NPC suggested, then you have cause to pull out. Otherwise, it is assumed that everyone has considered these matters in advance and decided the cost IS affordable before applying. That is how ED works. Not to be taken lightly.</p>
<p>Edit: Oh, you are the student? I meant that for a parent. As the student , you don’t have knowledge and control over finances. </p>
<p>@celesteroberts My parents stated their income as $50,000 a year so when I ran the NPC I got that I would get $27k in grants and scholarships. I never thought my dad’s business which (revenue = $150 - 170k annually) would be factored into my financial aid package… only my family income. I should have been more wise when my dad said he could pay ““only”” $40,000 a year for tuition.</p>
<p>according to parents on this forum, my dad’s business revenue has been a kiss of death for substantial financial Aid… especially at NYU.</p>
<p>I’ve heard the NPCs are not accurate for business owners. I’m sorry you are going through this. It must be a sad time,. Well, if the NPC didn’t give a good estimate, I suppose that is a solid reason to pull out. You will find a place to thrive and grow. Good luck.</p>
<p>Well, you can hardly be surprised that any school, including NYU, might offer different aid to someone with family income of $50K v. $200-220K. Enormous difference, multiple orders of magnitude. This is not NYU’s fault at all.</p>
<p>Acceptances into Fordham University and Binghamton! Just have to wait for others next year. </p>
<p>@lostaccount - we can agree to disagree though I don’t know why you singled me out. I think it is an accomplishment/achievement to get into whatever school is the best “fit” for the student. I know I have been consistent about this in all of my posts.</p>
<p>Accepted into U Mich as OOS! Didn’t really expect it since I had a bit of a downtrend junior year</p>
<p>Jarjarbinks23 - congrats. My son received his acceptance to Michigan OOS yesterday as well. This was very nice to see as so many high stat students are getting deferred. </p>
<p>Need support…S1 has been deferred at #1 & #2 choices and hasn’t heard from 2 others EA/rolling schools he has applied to, including Rutgers (state school). He has applied to 3 more under RD (they are ED schools). Most of his friends has at least one acceptance, so he’s feeling a bit down. He’s got good test scores (30 ACT) and an OK gpa (3.1uw, 3.7w). He got a D+ in English last year - completely his fault, but teacher cut him 0% slack…he had 69.4 average due to a late paper submission, which I feel is his downfall. EC’s are good - Eagle Scout and 4yr varsity sport, including captain this year. </p>
<p>He is now reassessing major. I’m just trying to keep a happy face, while stressing out that he has applied to all the wrong schools for the wrong reasons. </p>
<p>He should contact the admissions reps at the deferral schools and send a paragraph explaining the D+. Given that it was his fault, perhaps he could accept responsibility and describe how this “lesson” caused him to improve. If his grades showed improvement after the D then they might consider it. Remember, a deferral isn’t a denial. He should really makes an effort to show the schools that he is very interested. </p>
<p>@ColdinMinny, “revenue” and “income” are not the same thing.</p>
<p>@Snowdog Quite right, but the original post was ambiguous as to whether this was pure “business” revenue, or revenue that passed through to the family. Obviously NYU must have determined what was the appropriate FA offer based on something they saw in the actual numbers.</p>
<p>Closely held companies are notoriously hard to evaluate financially.</p>
<p>@jmek15 - both are common ap schools and he did submit a extra statement on it taking responsibility for the D. It’s just tough to watch it unfold. My older kid was a ‘one and done’ in 4 days to a rolling admission school that was her top choice. Now I understand what my friends have gone through over the years. He’s having a tough senior year on several fronts, however at least he’s realizing he’s not really interested in engineering now and not freshman year. December, however, is a tough time to reassess and find a few new schools that may be better fits. </p>
<p>nj2011mom It is tough to pivot late in the process. The nice thing about LAC’s is that they offer so many majors, if they switch interests, they don’t necessarily need to transfer. Avoid transferring if possible, as it gets $.</p>
<p>D accepted to Quinnipiac, Scranton,East Stroudsburg and Bloomsburg, still waiting on a few. Now to figure out how to pay for it ;)</p>
<p>I have seen a few posts / replies stating the an ED Acceptance would be declined because of finances. When my D applied to one ED school, I received an email confirming that FA would not be guaranteed. Basically, the email said: Are you SURE you want to be committed to our school? </p>
<p>I emailed admissions to question our ability to apply for FA and was told that we may get some $, but we would not be at the top of the list. My daughter switched her ED application to RD and we now wait. </p>
<p>Don’t other schools send warning emails? I thought the ED acceptance was binding. </p>
<p>@phoenixmomof2. Many ED Schools do guarantee to meet need so no warning e mail is sent and if the efc calculator and the aid given are different there is no real problem getting out of it. </p>
<p>@nj2011mom. This happened to my brother who had worse grades than your son and didn’t have the impressive ECs that your son does. He went to community college, got all As, and transferred to UVa. Another student we know got too many Bs to be considered for the ivies, when to an OK liberal arts college, and transferred to Yale. Another student I know did poorly in high school, moved to California to enroll in community college, and transferred to UC Berkeley. Your son, with his stellar leadership skills, will not be defined by one grade in hs. There’s more than one way to skin a cat.</p>
<p>D was accepted to UMass-Amherst (EA), UMich engineering (EA), and Cornell Engineering (ED). She has accepted her spot at Cornell and so she’s done. We are very proud of her.</p>