<p>Alright I do not come from a wealthy family at all, I only have my mothers income but a family member agreed to pay for my last 2 years of university. I am also taking out some loans so i will not be applying for any financial aid and I am just wondering if not applying for any financial aid or scholarships will give me an advantage in the admissions process. I am planning on applying as a transfer student to NYU, Boston University, and the University of Michigan for Winter term. I have around a 3.6gpa with 50 credits. Any thoughts on this issue.</p>
<p>I would like to know as well, because my family is broke</p>
<p>NYU is need-blind. Asking for FA won’t hurt your chances, but NYU doesn’t meet full need, so many can’t afford to attend when accepted.</p>
<p>There is no advantage to your strategy for not applying for FA. It will not increase your chance at admission. It will hurt your ability to get any FA in the form of state and federal grants(free money) and Stafford loans(gov). Private loans are difficult to get on your own and the terms of repayment are not flexible or subsidized like the Stafford loans. There is subsidized and unsubsidized based on income. Even most outside scholarships require submission of FAFSA.
As with transferring to NYU, FA may not be as good as if you were attending there from freshman year.</p>