<p>According to statistics the school has provided to the College Board, NYU meets an average of 78% percent of a student’s financial need, and that percentage includes a loan. </p>
<p>We went to a college fair and asked them about financial aid and they handed us a card with URLs for the federal loan programs. Needless to say, the S didn’t apply. </p>
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<p>This is advice at any university that an applicant should heed. It doesn’t mean that financial aide offers are worse in the ED round than in the RD round. Rather, it means that ED is a binding commitment and should not be entered if a person needs to compare financial aid offers or this is a significant factor in their ability to attend. Those who need to consider financial aid offers, should apply RD to college, as well as Early Action (non-binding) to schools that have such a process. </p>
<p>Yes, timing and methods of EA notification were what I hoped we could share on this thread. EA is a great option for kids with a strong sense of where they’d like to be for whom finances are a significant consideration. Ultimately, I imagine, many candidates are faced with a choice between higher prestige programs with higher price tags offset by minimal aid and more financially accessible programs (both in terms of sticker price and merit or need-based aid discounts). ED represents a significant financial commitment that only the most affluent and the most needy can consider. The vast middle class in between faces a less clear-cut path. EA is one helpful way to approach that challenge.</p>
<p>NYU is ED, not EA. That is for both Tisch and Steinhardt. Scholarship info from NYU is given with acceptance for ED. You have the option of not accepting the offer, but cannot compare it to other RD offers since you need to withdraw your applications from other schools once you accept. Not sure about what they do about studio placement for ED.</p>
<p>^^^ED admits must await their studio assignment like everyone else from RD. The exceptions are the students who say they are only willing to be assigned to the MT studio (New Studio on Broadway) and are unwilling to be considered for any of the acting studios. If you state MT only with your ED audition and then get in, you already know you are in the MT studio. Otherwise you wait until mid to late April with everyone else to learn your studio assignment which could also include, the MT studio, or not. </p>
<p>@uskoolfish thanks for clearing that up. So you actually do know your scholarship offer with acceptance to NYU. I am assuming that is both merit and talent money? Most talent money, even in early action schools, does not come until March. </p>
<p>@transmom, I’m not sure about “most” at least as far as merit it goes. In our experience every school that my 2 kids applied to early said an early offer would come with the financial awards including scholarships. Talent money could indeed be something different. Can’t comment about that but often the real $$ is in the merit. </p>
<p>The only money that is given out during the ED rounds is money that is awarded on the basis of need. Within that category, need-based financial aid may be listed in different ways–some of it loans, some of it work-study and a portion of it in scholarship $. Merit money may be awarded in the financial scholarship category, but it still reflects need.</p>
<p>NYU does not give out talent merit aid (without need) during the ED rounds. Mainly because they don’t need to, since ED students have already committed to the school.</p>
<p>Talent scholarships are given out on a departmental level and are rewarded after portfolios and auditions are reviewed–sometime in March. So ED students are not considered.</p>
<p>We were told last year that notification of neither merit or talent financial aide would be given out until RD- only need based</p>
<p>For my daughter’s BA acceptance she was awarded merit as part of her EA (non-binding). The merit award was not based on need. She will audition for additional money for talent in February, also not based on need.</p>
<p>@evilqueen Sorry if I was unclear. I was referring to NYU specifically.
@ toowonderful If you have any financial need, your talent or merit money is coming from a different scholarship source that is only meant for students with need. That money is given out during the ED rounds. For merit or talent scholarships for students without need, there are separate scholarships that are awarded from the department directly. This money is only given out for RD students. So if you don’t have need and apply for ED, you will not get any talent money at all. You will not be considered later on in the year for talent money. You will already have accepted your offer and there is no need for them to try to woo you.</p>
<p>True- and another reason we waited for RD. </p>
<p>Well this is all as clear as mud. ~O) 8-> </p>
<p>Let me see if I can shorten/clarify. If you apply to NYU ED - and there is a 2nd round ED in January, so this could still be an option for some people- here is what happens: The expectation is that if you are admitted ED you will cancel auditions etc with other schools (idk if you have to “accept” your ED admission like RD in May). You will NOT get studio placement unless you applied “MT only”, studio placements come for all students in April. You will find out about need based aide, but not merit or talent aide, which also comes in April. According to uskoolfish, if you apply for ED, you will probably not get other aide, as you have already committed and NYU doesn’t need to “woo” you. </p>
<p>I’m curious about the statement that NYU doesn’t give merit aid to ED acceptances. Does anyone know whether this is a relatively new policy, or whether it only applies to performance majors? One of my photo students, who was also my academic advisee, applied ED to Tisch for film several years ago, and was told explicitly that the bulk of the merit aid went to students accepted early decision. We double- and triple-checked this, and it was accurate. She received a substantial merit-based scholarship that she would not have been offered as a RD applicant (and her family didn’t qualify for needs-based aid). We usually have a few kids each year who are looking at Tisch and concerned about costs, so it’d really be helpful to know the details. (I’m sure it’s on that NYU website somewhere, but I’d need a month off and a new pair of reading glasses to unearth the information!)</p>
<p>I can only speak to our experience last year. As stated, D did not apply ED so no idea what would have happened. She received both merit and talent aide with her RD decision, no need based aide. </p>
<p>@Times3 It truly is unfortunate this information is not out there front and center and clearly stated on the web site. Not just for NYU, but for all schools. The money part is often times not so transparent. And it really needs to be. Esp when we have schools that are charging nearly $9K a month.</p>
<p>For Northwestern, I can again say from personal experience (we have one ED and one RD) and from what the school states that finacial offers will be identical ED or RD. The school guarantees that they will meet 100% of demonstrated financial need for every admitted student, and in my experience by using their online financial calculators you can know in advance what you will pay. Having competing offers in-hand from other schools will not, from what I have seen and heard, make any difference to NU.</p>
<p>It’s increasingly looking like D will graduate 2 quarters early, which may save substantial tuition, so it’s worth investigating whether that’s an option when comparing financial aid offers.</p>
<p>@Times3 What I am saying about talent merit aid for ED at NYU (no need – EFC above cost of attendance) was told to me directly by department heads for Vocal Performance–MT (Steinhardt)–class of 2012 and Studio Art (Steinhardt) --class of 2016. I have heard the same (though not directly) for film and MT at Tisch. To me that was important to my decision-making, so I researched it directly when my D’s were applying. I would always suggest people confirm info on their own for accuracy and because policies can change year to year.</p>
<p>What I was told by both the music and studio art department is that auditions and portfolios are reviewed for merit aid (no aid) in the spring only. Talent merit aid is awarded as an incentive for talented students to attend NYU vs. other schools that may also offer talent awards. A talented student accepted ED already has committed to NYU.</p>