<p>Can anyone tell me if they have revieved merit-based (not need-based) scholarship at Sterns for class of 2011? The people at Sterns said that they are not giving any merit scholarships at Sterns, even if you are selected as a Sterns Scholar this year but they are giving merit schlorships at the other schools at NYU.</p>
<p>Could someone elaborate on this? Thanks a lot.</p>
<p>Like they said, Stern doesn't give merit scholarships. There's not really much to elaborate on...</p>
<p>But I do know of a lot of people getting merit based scholarships two years back, so what has changed now? Morevoer if NYU gives scholarships to the other schools, why not Sterns? </p>
<p>So have any Sterns Scholars been offered merit Scholarships this year?</p>
<p>If they don't give any merit scholarships at Stern,(I'm not sure about that) maybe it's because true merit scholarships are usually intended to entice top students to attend what may not otherwise be such applicants first choice. Maybe Stern is now considered a top choice for top applicants and the administration does not feel the need to offer enticements.</p>
<p>They changed the policy when I was a sophomore, so classes since then have not gotten merit scholarships. The official line is pretty close to what collegecheck said - since the overall admitted class to Stern is so highly qualified, there really aren't any students that are so much better that they deserve merit scholarships.</p>
<p>Really!! 2 years ago, 8 kids from our H.S. were offered $10,000 merit scholarships by Stern, and all 8 went to other schools. Maybe the scholarships were not actually working to entice top students?</p>
<p>nyu probably does not have enough money to be able to give enticing offers. & the program is going to suffer because of it... boo.</p>
<p>I disagree, scholarships are damn effective, I got a $20k carrot and I'm here. Picked it over Cornell Engineering (which I can't afford, 0 finaid), CMU and NJIT (Full Ride!). So the money carrot works at least sometimes.</p>
<p>chocoholic: Like I said, they changed the policy a few years ago, so no more merit aid... I'm sure money offers work; perhaps other schools just gave better money. Without knowing all the details, who are we to say?</p>
<p>deadlysyphen: I doubt the program is going to suffer because of it at all, since the quality of the incoming classes just keeps going up... that's probably why they can afford to get rid of merit aid - they don't need it anymore to get enough smart kids to come.</p>
<p>well don't be so sure. they only got rid of aid really recently. lower businessweek rankings (for the rank whores) coupled w/ no money (for the people deciding among comparable schools) might lead to a downward trend. i know, i'm just a student speculating, but it's still a possibility.</p>
<p>& nyu probably has a lot more money to allocate to the rest of the school now that stern kids don't get merit money. all we can hope for is that improvement of the other schools will eventually increase nyu's prestige overall, which of course has good effects.</p>
<p>& do other universities restrict merit money from specific schools?</p>
<p>It's a possibility, but pretty unlikely. First of all, I think any rational person would see BYU ranked above Stern in the Businessweek rankings and be like "umm... what?" Second, I think they got rid of merit money the year after mine, so the class of 2009 would've been the first class without, and their stats were ridiculous...</p>
<p>I'm pretty sure Stern has a separate pool of money/donations it raises itself, so I doubt it's 'freeing up' any money for non-Stern kids. It's not like NYU is imposing the no-merit-aid policy on Stern...</p>
<p>Well, I do know all the details of the 8 students at our HS who turned down the Stern $$, since they were all in my daughter's group of friends, and all did the Stern Scholar's visit together....all 8 chose to attend other schools where no merit money was offered. I will not name nor rank those schools.</p>
<p>I don't know about Stern Scholarship money. But I will say that as an accepted candidate at Stern. I got alot less merit aid than I received at other very good schools. I appealed the fin aid offer and got a small increase. However, NYU is even a little pricey than the other schools (although one comes really close). If I choose to attend NYU, I or my parents will end up with 30K in additional loans over 4 years than my other top three choices.</p>
<p>Right now, I'm leaning towards having to go somewhere else. Bummer!</p>
<p>The idea that no merit scholarships is going to stop people from coming to Stern is ridiculous. By that standard, no one would be interested in going to HYP.</p>
<p>You're going to have individuals who, without a merit scholarship or financial aid, cannot afford Stern, but I think the future entering classes, on the whole, will have few problems.</p>
<p>I guess to clarify - some admitted students are probably not going to come to Stern because they won't get enough financial aid. However, the kids who do get enough aid (or can afford it anyway) and come to Stern are just as smart, so it won't make very much difference.</p>
<p>It sucks for kids who want to come to Stern and can't, but that's just how it works. Even though I got a Stern Scholarship back in the day (I'm a senior now), it wasn't really a merit scholarship because it just met my financial need; if I hadn't received outside scholarships, it would've been difficult for my parents to afford Stern anyway.</p>
<p>A friend of mine got a $15,000 Stern Scholarship this year. However, on top of being an excellent student, she's also in a poor financial standing, so perhaps they take both need and merit into account.</p>
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The idea that no merit scholarships is going to stop people from coming to Stern is ridiculous. By that standard, no one would be interested in going to HYP.
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<p>can't compare Stern with HYP though.</p>
<p>I applied to Stern RD with an EFC of 49k, so I'm GUESSING the $5000/yr Stern Scholarship and the random $696/yr Stern-alumni-scholarship thing they gave me was merit-based. I was a little confused myself.</p>
<p>I got no NYU financial aid and a $15 K Stern Scholarship when I got admitted this year as a stern scholar.......they def. give merit scholarships but don't meet financial need (sad)</p>
<p>Err, the Stern scholarship could be their way of (sort of) meeting your financial need? Just because it's a scholarship doesn't mean it's merit-based?</p>