<p>I know a person whose dream school is Tisch but is unwilling to apply to NYU early decision because they are afraid they might not be able to afford it. My question is can you get out of the binding part of an early decision if you cannot flatout afford it, and if you do will this hurt your applications at other schools? In addition, will NYU budge any on financial aid for early applicants?</p>
<p>Yes...you can get out of the "bind" if you can not pay for NYU. I was ED and had the option of not going upon acceptance. </p>
<p>--I see you're from Houston...what high school did u go to?</p>
<p>...and it wouldn't hurt their application process anywhere else. If your friend started apps for other schools, just in case...most regular decisions aren't due until after Winter Break...and he/she would have plenty of time to send them out.</p>
<p>Cy-Falls in the northwest part of town, you?</p>
<p>SWEET...I went to John Cooper (pvt school in The Woodlands) .... I have a couple friends at Cy-Falls</p>
<p>If someone needs to weigh financial aid offers in selecting which college to matriculate at, then ED is not the way to go. ED is meant for those who are CERTAIN they will attend if admitted. If the student has an "if this, than that" mode of thinking, then he/she should apply RD. This is true of applying ANYWHERE as an ED applicant. </p>
<p>Also why would any college have motivation to "budge" on a financial aid offer when a student is accepted in the ED round. They don't need to "nab" the student over offers from other colleges, as may be a scenario in the spring.</p>
<p>By the way, I am a parent of a Tisch student who applied RD and also received a substantial financial aid package including a very significant four year scholarship. I would recommend your friend apply RD.</p>
<p>sagar, you can withdraw from early decision for financial reasons with no negative reprocussions, its federal law. However, you cannot withdraw due to wanting to go to a better school, nor can you ED to two places, they do find out something. Anyone who tells you that you can withdraw from ED due to financial reasons (which you'll probably hear many people claim on these boards) is talking out of there ass. It says on the front page of the ED sheet that you can, and for only that reason, for crying out loud. Also if money is a problem DO apply to NYU ED. NYU is the only school in the country that gives financial aid preference to ED applicants (they have a grant and scholarship based system, and ED gets first shot at all the best ones, and theres more left). On a side note, you can get a few more thousand out of nyu if you call and complain.</p>
<p>thanks a lot guys, ill forward the link to her so she knows her options.</p>
<p>I wanted to respond directly to a large misconception about our evaluation of early decision applicants for financial aid. Statements such as, "Also why would any college have motivation to "budge" on a financial aid offer when a student is accepted in the ED round. They don't need to "nab" the student over offers from other colleges, as may be a scenario in the spring." are simply not true here at NYU. First and foremost, our Office of Financial Aid does not compare your financial aid packages from other institutions to the one you have been offered at NYU. While this may be the practice at other schools, it is not the case here. We know that our applicants will have a number of excellent college options to choose from and financial aid packages are never re-evaluated or increased because we are trying to "nab" a student away from another school.</p>
<p>Further, our Office of Financial Aid carefully considers all financial aid appeals and your chances for your package increasing are no better or worse as an early decision applicant. Our motivation to "budge" on the financial aid package of an early decision student would be based on that individual having a large designated financial need and possibly having special financial circumstances that were not addressed on the FAFSA form. </p>
<p>That being said, we too strongly encourage students who know that the financial aid package they are offered will play a large role in determining where they attend college to carefully consider if a binding application review is the right option for them.</p>
<p>NYU UGADMISSIONS, thank you for coming here to reply to this student. </p>
<p>My main point was as you also mention, that a student who has FA as a significant aspect of their decision as to where to matriculate, must weigh whether or not to enter into a binding application that ED requires. Often, such students are advised to apply RD so that they can weigh financial aid packages. </p>
<p>I should have been clearer when I was replying to the part about a FA Office "budging". I stated and meant ANY college, and did not mean it to be specifically to NYU on that point. As you say, a FA office might "budge" in either the ED or RD rounds if a student's financial aid circumstances changed or new information came out that was not on the FAFSA. The student asking the question appeared to think there might be negotiating room with a FA offer in the ED round. The comment I made was in reference to SOME colleges (obviously not NYU) in the RD round, MIGHT negotiate a FA offer if the student can present a FA award that was higher from a comparable institution. For instance, I have a child who attends Brown and I know this is the policy. They will not negotiate regarding a larger FA award from schools not in the Ivy League. However, that type of "budge" would not exist in the ED round. For those who have FA as a major part of their decision to attend, it is often advised to apply in the RD, not because the RD round gets more aid (as you say, candidates are evaluated for aid equally in the ED or RD round), but because a family can compare financial aid offers and make a decision as to which college they can afford to send their child to. That is not possible to do in the ED process. </p>
<p>The reason I was recommending this student's friend apply in the RD round and not the ED round to NYU wasn't because the chances for aid are any better at all, but simply because this student wants to be able to back out of the ED agreement to attend if he doesn't get the aid he wants or needs. A family with that in mind, ought to pursue RD, in my view.</p>
<p>By the way, my child loves NYU and we are very pleased with the school and the financial aid as well. Thank you again for clarifying how NYU goes about this process.</p>