Does NYU give money? OR is it a myth

<p>I have heard many mixed things. NYU is my dream because of its level of academic rigor and location.
Have any stories relating to NYU giving money?
IF they jerks about it please dont hesitate to tell me stories!</p>

<p>i heard they dont…</p>

<p>NYU gives financial aid. Pretty much every college gives financial aid to someone. However, NYU is notorious on these boards as giving surprisingly poor financial aids (i.e. very small institutional grants + massive loans). If you need significant amounts of financial aid and / or have a low EFC, I would recommend applying for outside scholarships too just in case they don’t meet enough of your needs. NYU, like most colleges, does not promise to meet full need so if you need lots of financial aid you probably won’t get all of it for free.</p>

<p>NYU does not promise to meet full need. There are some grants in FA packages and there are some merit award scholarships. You don’t know unless you apply. But it is an expensive school and while there is some aid and some merit scholarships, for many people, it doesn’t cover full need. That said, my own kid got a substantial four year scholarship that was a nice surprise to open up when admitted. Also, in senior year at Tisch, she got three more smaller scholarships from Tisch. You cannot EXPECT that to happen to you, but it happens to some.</p>

<p>soozievt, Could you clarify NYU’s “merit award scholarships?” Thanks!</p>

<p>I’m not sure what you are asking, sorry. A merit award at any college is based on merit such as academic achievement or demonstrated talent and does not have to be paid back. At some colleges, a merit scholarship can be mixed with the financial need in determining the amount of the award. But a merit award can be given without need as well.</p>

<p>soozievt, I am another Tisch parent but have a question:</p>

<p>Are you sure that your D’s “merit” scholarships were not financial-need-related at all? I ask because you have said previously on this board that you and your husband have to pay back substantial loans for the four years at Tisch for your daughter, which means that your D <em>did</em>/does* have financial need. Otherwise, you wouldn’t have had to take out any loans.</p>

<p>I had read in Tisch materials that they were going to tie <em>all</em> scholarships and grants to financial need, so I am just trying to clarify.</p>

<p>NMR, I didn’t say here on this thread that the scholarships my D received from Tisch were ALL merit based, nor meant to imply that. I mentioned on this thread that NYU’s aid package may include grants. I mentioned that they do not meet full need. I mentioned that scholarships can be a mix of financial need and merit. NYU gives out some merit awards to students who are not financial aid applicants. They also give out scholarships to financial aid applicants that are part merit, part need based. </p>

<p>As far as my own kid, it is as i have stated on other threads on CC in the past…I called upon receiving the aid letter that had a Trustee Scholarship included and I asked the basis for that scholarship and was told that it was a merit scholarship but that the amount of the scholarship took need into account. My D applied for financial aid. I have known kids who got merit awards who did not apply for need based aid at NYU. And some who apply for need based aid, do not get a merit award. So, yes, my D’s scholarship was merit but was also tied to financial need in determining the total amount of the award. I have read of applicants to NYU who received a scholarship who were not financial need applicants.</p>

<p>As an aside, however, it is not true that someone who got a merit scholarship from a college who was not a financial need applicant, would not have to take out loans. Just because a school says you can afford a certain amount for college, doesn’t mean you truly can. Therefore, parents are free to take out Parent Plus loans to finance their kids’ educations, even if they never applied for financial aid to colleges.</p>

<p>I am looking at my D’s FA letter and for her scholarship it simply says “Tisch Scholarship.” Everything else on the award letter is work study, student and parent loans. So I don’t know if that is merit or need but it is a scholarship (and we thank you NYU!)</p>

<p>^^^We did not know either what “Trustee Scholarship” meant and we were real shocked when it arrived and so I called to ask. </p>

<p>I think my kid also had a smaller “Tisch Scholarship” in other years as well. Then, in senior year, three additional small scholarships (besides the larger yearly Trustee Scholarship) also appeared on the statement (I think Tisch Scholarship was one of the three…not sure what that is for). One we knew what it was for as it was a scholarship named for someone and she had been nominated for it and had to interview for it. A third small scholarship on the senior year statement said “Al Jolson Scholarship” and we have NO clue what that is for, but thank you, NYU! :D</p>

<p>Soozie, I apologize if my question was awkwardly worded and seemed rude, as I didn’t mean it to be! :slight_smile: I just meant to ask say that I had read somewhere (of course, I can’t find it now in that bunch of info on the NYU Web site!) that NYU was going to tie all merit awards to financial need. In other words, the merit scholarships go to kids with merit, for sure! but they wouldn’t go, for instance, to the son or daughter (no matter how talented!) of, say, Bill Gates. Perhaps this is not true.</p>

<p>I will say that my D also goes to school at NYU Tisch on a Tisch Scholarship and, without her applying for it, was also thrilled to receive another talent scholarship before she enrolled. So NYU <em>does</em> give money. :)</p>

<p>My daughter is finishing up her first year at Tisch. We knew she would not qualify for any need-based scholarships but, a few weeks before she got her acceptance, she was urged by her department to file the FAFSA (the office actually called us at home to tell us file the FAFSA). We filed it (with an EFC of 99999). About a week or so after her acceptance she got a Fedex envelope informing her that she had been awarded a Rudin Scholarship (not need based, completely merit based, and $20,000 a year!). Looked on line and that scholarship is designated for kids from NYC public and parochial schools. So, you never know.</p>

<p>No problem, NMR! I wasn’t sure how you inferred from the posts on THIS thread that my D’s scholarships at Tisch were ONLY merit based. I had only said she received a scholarship, and she did. But I have hopefully clarified it by what NYU told us when she received it and we called to inquire. </p>

<p>It may be that now all merit awards are tied to need. As I wrote, my D’s merit award AMOUNT was tied to need. But just saying that in the PAST (this may have changed?), I have read some accounts on CC of NYU applicants who NEVER applied for need based aid, but won a scholarship. But perhaps that policy is now changed if you read it on NYU. </p>

<p>The OP was asking about NYU “giving money” and not specifically about merit awards.</p>

<p>EDIT…I cross posted with maltmom and so that is another example similar to a few examples i have read on CC in the past.</p>

<p>FYI:
(FROM NYU’S SITE…link below)</p>

<p>

</p>

<p>[Scholarships</a> and Grants](<a href=“Scholarships and Grants”>Scholarships and Grants)</p>

<p>One may infer from the above that you will be considered for merit awards based on academic merit. IF you also apply for financial aid based on need, then demonstrated need also will be taken into consideration (which I believe can affect the amount of the scholarship).</p>

<p>Thanks so much for all the information. Our DS was accepted ED and we received a package indicating some possible loans at that time. We are dipping into our savings for his first year–as we knew we were committed to NYU if he was accepted and planned accordingly. We decided not to file for financial aide this year–which may have been a mistake based on all I’ve been reading–as we were sure we would not qualify. We plan to next year because another child will be going to college and my dear hubby will be 61 and nearing retirement. Still, as to Tisch artistic scholarships, I still don’t think I quite understand. Is it possible my son might be offered one later in the process–perhaps after some regular decision candidates with scholarships decide NOT to attend NYU Tisch? Would it be appropriate to inquire with Tisch about possible scholarships? Or is the offer with full tuition just what it is?</p>

<p>BvilleLady - This is from the NYU website:
*** All Early Decision students are automatically considered for merit scholarships. If you do not wish to be considered for need-based financial aid, you do not have to file the Early Decision Financial Aid Application.**
* If you receive an Early Decision financial aid award, it is an “official” award. However, you must confirm the information submitted on the Early Decision Financial Aid Application by filing the Free Application for Federal Student Aid (FAFSA) after January 1st and before February 15th, 2011. (Please note that significant differences in the information submitted on the Early Decision Financial Aid Application and the information submitted on the regular FAFSA could result in a recalculation of need, which in turn might impact the amount and/or type of financial aid you will receive.)
* Early Decision students who do not file the Early Decision Financial Aid Application will not be considered for NYU need-based scholarships and grants at a later date, even if they file the regular FAFSA after January 1st.</p>

<p>BvilleLady, </p>

<p>My OPINION (but you can inquire directly at NYU which is better!)… is that it is always good to file FAFSA every year from the time the student is a freshman applicant and so it is on record. Further, in your case, your “need” may change when you have two in college (my older D who went to Brown and started there one year prior to younger D starting at Tisch, had her financial aid package and amount of grant go way up once second D was in college at same time), though we DO qualify for financial aid. </p>

<p>I don’t see how your son will get a scholarship THIS year. If he didn’t get a merit award already, he wouldn’t get one now. If he didn’t file FAFSA, he wouldn’t get a need based award now either. Also, one drawback to applying ED is that schools may be less inclined to give out the money to ED applicants (general rule of thumb) because those applicants are making a commitment to attend regardless of money awarded. The school doesn’t need to entice them. And as far as need, NYU doesn’t meet 100% of need anyhow. </p>

<p>Anyway, I don’t think for this year, your son will be able to get an award at this time. But ask specific questions directly to NYU to get the complete picture.</p>

<p>EDIT…I cross posted with austinmtmom and so there you go…that is the official word!</p>

<p>I honestly feel so stupid about the whole process. I guess we were so focused on our son’s audition and determination to be accepted ED. We filed a preliminary financial aide thingie–and felt we were way over anything that would qualify. We are a single income household and my hubby makes a good income, for now. But we are by no means rich or even upper middle class. Just figured it wasn’t worth the effort to file for federal aide we would never receive. Had no idea NYU merit or artistic scholarships were linked to the filing. Live and learn. Anyway, as I say, I feel rather foolish even to post on the matter. Obviously, we need to go back to the drawing board and figure out what we will do for next year. He’s in for now–in the studio of his choice, New Studio MT. How wonderful! He’ll have his year and then we will reconvene to see how it all goes. Thanks so much for all the expert advise. So much appreciated!</p>

<p>BvilleLady, I’m sorry the scholarships won’t be working out for you this year…I think you have done a service to next year’s applicants though who will note that everyone should file the FAFSA even if they think they don’t qualify for aid.</p>