<p>I'm going to be a senior in the fall, and I wouldd LOVE to apply early to NYU seeing its my top school, has everything i want etc etc and since i live in NY its perfect. However, I neeed moneyy from somewhereee, preferably money I dont have to pay back and I heard that if you apply early you cant really argue about your aid package, but if you apply early your chances of getting in are easierrr?</p>
<p>so, im clearly tornn and any comments advicee would be dearly appreciatedd =]</p>
<p>if you need money, dont go to NYU</p>
<p>I agree with the previous post. You need to evaluate your financial ability and determine what is important - having money or going to NYU. The thing is, you'll probably have to pay for school no matter where you go, but applying early wouldn't be best if you want to compare financial aid packages.</p>
<p>Thankss! I know that a lot of schools dont really give out tons of fin aid but i REALLYYY want to go there and i Know that im not alone in havuign to take out loans, etc etc. so applying early would NOT be a good option for any school, not jsut NYU, because i need money?</p>
<p>ooo and is NYU especially knownj for havign crappy fin aid packagess?</p>
<p>It actually varies, In my case I was deciding between Brandeis, Boston College, and NYU. Boston College claims to meet 100% of your financial need, they gave me 3,300 a year plus a stafford loan of 2 grand. Brandeis also claims to fill most of your need, they gave me the most money, with about 8,500 in free money. Now NYU claims to fill 68% of need, they gave me 7,500 dollars in free money, then unlike Boston College, if you report an outside scholarship they dont take money awya from your free money, but your parents loans first, then up to your loans, then your work study, then your free money. </p>
<p>What advice I CAN give you is find out how much your house costs on the market right now, subtract the amount you paid for it, and that gives you the amount of home equity you have, if its High, expect less money from schools that as for the CSS (financial aid form) profile, if its low, expect MORE money (than NYU) from schools that require the CSS profile. Unlike many privates, NYU wont equate home value into your parents college paying resources, they ONLY use FAFSA, which is pretty generous. Also the better grades and SAT scores you have the more money you can get.</p>
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[quote]
It actually varies, In my case I was deciding between Brandeis, Boston College, and NYU. Boston College claims to meet 100% of your financial need, they gave me 3,300 a year plus a stafford loan of 2 grand. Brandeis also claims to fill most of your need, they gave me the most money, with about 8,500 in free money. Now NYU claims to fill 68% of need, they gave me 7,500 dollars in free money, then unlike Boston College
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<p>based on this statement it seems that your family has considerable income/assets and they would have to pay a large part of your cost of attendance no matter where you went. </p>
<p>However NYU giving you $7500 does not make a dent in the almost $40,000 that it cost to attend. </p>
<p>Being a current Grad student at NYU almost every one I know has a scholarship in their package but the overwhelming majority have maxed out at the 18k, next school term 20k in loans (I am lucky as my job picks up a large part of my tuition).</p>
<p>The thing is that I also recieved an outside scholarship totalling to 5,000 a year, along with work study, and student loans, my parents would be paying about 30,000 a year from the 46,800. Here's how my package looks like for the first semester. I also recieved a Guaranteed transfer into cornell where it would be considerably cheaper to go to. </p>
<p>Fall Standard (06)
Gallatin Scholarship $3,750.00<br>
Renewable Outside Aid $2,500.00<br>
Federal Work - Study Eligibility $1,631.00<br>
Expected Perkins Loan 2006 - 07 $1,200.00<br>
Suggested Stafford Loan $1,313.00<br>
Suggested PLUS Loan $12,500.00</p>
<p>also, it depends which school within NYU you want to attend. for instance, if you go to Tisch, its going to cost about $53,000 a year and they are said to give out the least scholarship money out of all the schools. (i.e. they filled roughly 25% of my "need" - which was inflated to about $12,000 more than it should have been for some reason, but we wont get into that - including stafford and perkins loans and workstudy)</p>
<p>I was in the same situation as you, and went ahead and applied ED.</p>
<p>Here's some basic info about applying ED: There is an approx. 30% of making it (whereas RD is anywhere from about 22-27%...so, not a HUGE diff, but still). Now, if you go to any seminars NYU reps will adamently say that there is not a better chance if you apply ED, but it's a fact that there is a slight change in the percentile (mainly b/c NYU doesn't have a limit as to how many ED kids are excepted, but they do have a limit when it comes to RD kids). You will also (and they will tell you this) recieve more money/aid if you apply ED than if you applied RD. Now it might not be a HUGE difference, but for instance an ED kid might recieve $10,000 schol while an RD kid would only recieve $8000. I don't know why this is, but that's just what the NYU reps have told us.</p>
<p>I applied ED, knowing I probably couldn't afford it and would have to get an insane schol. and if I applied RD I wouldn't have as good a chance at more money.</p>
<p>Here's what I got:</p>
<p>Tisch Schol - $9000
Work-Study - $4000 (but you don't get this up front and I probably won't be making all of it since it's hard to work every day or long hours due to studio training w/in Tisch...so I'm not really including it in my calculations for the 1st yrs. tuition)
Perkins Loan - $2500
Stafford Loan - $2625
PLUS Loan - $31, 935</p>
<p>All adding up to $50,060 (which is the estimated cost of attending Tisch Freshman year...NOT $53,000)</p>
<p>I'm managing to cut cost of 1st yr. estimates, though:
Tisch Tuition - $36630
Room & Board - $5970 (Rubin- triple suite)
Food - $3250 (10 meal plan; smallest, but plenty)
Books, etc. - $1000 (this is probably too much, even)
TOTAL: $46,850 (savings of over $3000)</p>
<p>This summer I am also working and plan to contribute $3000, and I also recieved an outside scholarship worth $1000. My parents have about $8000 combined saved up. We have already payed $1500 (Housing & Tuition deposits).</p>
<p>Therefore:</p>
<p>$46,850 total cost
- $9000 schol
- $3000 summer earnings
- $8000 saved
- $1000 outside schol</p>
<p>= $25,850 Remaining cost</p>
<p>Now, If I do the monthly pay program (divided into 8 months) then we must pay $3231 a month my parents can pay probably $2000 or more. We may not have to use any loans my 1st year. If we do, though, it will probably run about $10,000 total.</p>
<p>So, if your brain is still pumping blood after all that, you see that it's not absolutely impossible. And if it is, you DON'T have to accept an ED offer (it is seriously discouraged and you should consider every single offer in the entire world before doing this, but NYU understands that if something happens with your family's finances and you just absolutely can't attend NYU...you can decline). If you do decline, though, I doubt NYU will have much to do with you if you try to apply later or for grad. school.</p>
<p>Hope that helps (you know, info from someone who know's where you're coming from).</p>
<p>Just FYI- my family's finances were not great when I applied and filed FAFSA, thus the large loan offers. This past year, though, good things have finally happened and my family is able to consider going at NYU with the smallest possible amt. in loans used. So don't think we're rich or anything (middle class america all the way), but you do need to have a little when looking into NYU, period.</p>
<p>Then again, I know people paying for NYU 100% loans. Both they and their parents think it's worth it (plus you can get some loans reduced or completely taken away after you graduate). It all depends on the family. We took a total shot it the dark, but it looks like it's paying off.</p>
<p>i bumped it up to $53,000 because the cost of dorms and meal plans can be more, and in some years, there are extensive lab, equipment, and/or activity fees for certain tisch classes.</p>
<p>anyway, which NYU school ARE you planning on applying to drea?</p>
<p>Well, since Im not sure yet what I want to major in I was thinking about CAS since I could probabaly pick and try thigns out before I commited myself to any major... but im giving myself the summer to figure my life out haha.
The truth is, ED really appealed to me ebcause theres a slight chance of getting in, and I dont wanna lose that edge.. im not too sure if thats the best motive to have in applying early. but then again I really do want to go there.
I didnt know that ED kids get more $ than RD kids.. i thought it was the other way around..? If thats true then why do so many people discourage people who need money from applying early? Also, I doubt that I would be getting a merit scholarship, even throu my grades are good, but my SATS are average.
(BTW should i ever botherr trying to imoprove my writing score? does NYU look at that? bc my math and CR reading scores are good but writing well just sucks. which is weird because Im a good writer)
thankssssss<3</p>
<p>dont know if CAS is worth all the lonas, have you thought about attended a cheaper school and transferring after a year or two? that saves A LOT of money..</p>
<p>people discourage because 1) it doesnt give you the option then to shop around and maybe find a school that will offer you much more fin aid and 2) its not much more. </p>
<p>what you need to decide is a) what you want to major in (at least likely). if its something that nyu absolutely excels at, well, good. if its something nyu is average at compared to other schools, look at the other ones - they very well may be a lot cheaper. b) if you are deadset on going to nyu. if you are willing to take out lots of loans and you just think college wouldnt be the same if you didnt get to go to nyu, then apply ed and use that little extra money you might get. but just use the summer to figure things out the best you can. i didnt, and didnt know i wanted to go to nyu (wasnt even gonna apply) until november, so i didnt get the chance to apply ed, and i wish i could have. still in, but a couple thousand dollars more per year would have been nice.</p>
<p>drea, people have given you good advice here. If you have any financial concerns at all, you shouldn't be applying early decision. NYU makes that point clear. There is virtually no difference in the amount of aid you'll get between early and regular, so don't count on that. Bottom line is, if aid is a concern, you shouldn't even be thinking about applying early.</p>
<p>okay, thanks you guys very very muchh =] im visiting NYU tommorrow so Im also going to ask the admin rep personn,etccc but you guys pretty much confirmed what I already guesseddd...</p>
<p>i probabaly will not be applying earlyyy</p>
<p>Hm... here's the advice I can offer you.
NYU does not meet 100 percent need.
My expected family contribution was 3700 a year. NYU gave me 30 thousand a year in just grants, leaving basically a 12,000 gap, so I decided to go either Tufts or BC, where they do meet fin need. These schools each offered me 39 a year in grants, which was much better for my family.</p>
<p>That being said, I know someone who is getting about 35 a year form NYU, so it is doable for them, she had even more fin need than me.</p>
<p>Oh, and if you are looking to just maybe pay around 25 a year NYU does offer great scholarships.... I personally got 18 in scholarship but one friend of mine (who is going) got 20 and another got 10.</p>
<p>Either way apply, because you really never know.</p>
<p>wait...you got 18000 schol and 30000 in grants and your family could contribute 3700 and there was a 12000 gap??? how is that possible?</p>
<p>he probably meant 30,000 including the 18,000 schol</p>
<p>Im not going to appyl early... the info session i went to today the personn who gave the talk was "generally speaking our strongest applicants will not apply early because they want to see the other offers they will reveive from other schools"
which is a true statement in a way...so now im just pondering majors, etc etc... if i major in psych in CAS could i also take on a comajor in International Business (even thou the two majros are in differnet schools?)</p>