Can someone clarify what the Early Decision Financial Aid clause means? I’m reading it two ways:
if you even remotely think that money is going to be a problem, whether you don’t get enough money or you have enough money but you don’t want to pay it, DO NOT apply ED.
There is an expectation that you have done your due diligence, you have run the net price calculator, got an early read or whatever you needed to do to make sure financially it is doable. Unless you are a recruited Athlete, Legacy, Developmental admit or URM (i really wont give much to URM because you will still be a URM in the rD round), there is really no huge advantage to applying ED as a unhooked applicant.
The disadvantage of ED is that you don’t get to compare packages. You may end up turning down the ED package for money only to find out too late that it was the best financial option amongst peer schools.
Don’t go into ED with the mind set of looking for a way to get out of it as it could come back and bite you. At my school if you have been accepted ED, you do not move forward in the application process (meaning not another transcript is sent out, not another letter uploaded, not another fee waiver approved ) until there is written confirmation that you have been released from ED.
Ok…ill,stick my neck out here based on your other threads.
You are planning to apply ED to NYU. NYU costs about $72,000 a year to attend. The school does not meet full need for all. Their need based and merit aid is less than generous.
I would VERY strongly discourage you from applying ED to this school. If you are a good candidate for admissions, you will be a good candidate for RD admissions as well.
You will then also have the benefit of being able to compare the (likely poor) NYU financial,aid package to others when making your matriculation decision.
I agree with @thumper1 as if its NYU they are not known for great aid. My 2 kids never went ED. I do know that one of my sons friends got into a school known to meet need and did well applying ED. So I think it just depends.
Thanks for the info. I was debating with my mom about what the ED commitment meant and what you guys said basically matched what I thought. As for going to NYU, money shouldn’t be too much of a problem, and I really want to apply. That being said, getting money from scholarships isn’t going to hurt haha. Does applying ED affect scholarships in anyway? Like they’ll offer you less in ED compared to RD etc. I heard that NYU will splurge on students a little if they “like” the student. Is there anything they’re looking for when selecting candidates? I probably won’t qualify for financial need but my grades are pretty decent overall.
You will need more than pretty decent grades to garner significant aid at NYU of any type. In addition to NOT meeting full need, the school does preferential packaging…meaning that if they really want you as a student, your aid might be better.
But really…even IF you got their MLK scholarship. You still would be left with $30,000 a year to pay.