Expected Financial Aid?

<p>I really like NYU, but I don't know if I or my mother can afford it. My mother made under 33,000 dollars last year and she is indeed a single mother. I only made 3,000 dollars working a part time job. I don't want to go into over 200,000 dollars debt for undergraduate learning. Without loans, about how much money can I expect to get from NYU without loans? If I were accepted, I would expect to get a couple scholarships, but as always, it is very unpredictable. Any information would be greatly appreciated?</p>

<p>NYU2013 posted very helpfully about the way it works at NYU with scholarships and financial aid. To sum up (in my own words), the most desirable students get the scholarships. However, that is not a big group since NYU generally gives scholarships to the top tier students in the accepted pool. Maybe top 3-5%?</p>

<p>Even so, most of the scholarships tend not to be full rides. My son received one of the more generous scholarships at $25,000/ year for 4 years. Even with this very nice scholarship for S, we have to pay $140,000-160,000 out of pocket (or with loans) over the course of 4 years at NYU. </p>

<p>I think you need to plan on applying to some “financial safety” schools, in addition to applying to NYU (since NYU is notoriously bad with financial aid/ grants for the majority of students).</p>

<p>Agree w/Evolving. My S got a $20K CAS scholarship but we decided to go with a lower cost option for an equivalent education. Be careful if you do get a scholarship to read the fine print. If your family EFC goes up substantially after freshman year, some scholarship amounts can be reduced. We knew that was going to happen in our case and was one major reason he went elsewhere.</p>

<p>With a low EFC (as NCP her dad’s income does not count), my D gets about $22,000 per year in scholarships, plus another $3,000 in grants (more free money) for Tisch. This does not include a few small outside scholarships. Her credentials were very good - valedictorian, great EC’s and community service, pretty good SAT but not awesome, but Tisch counts the audition as 50% and academics as 50%. As you can see, the gap is still huge and requires loans and parent contributions far in excess of the EFC. PS $200,000 is way too much undergraduate debt no matter what your major and career opportunties, just sayin’.</p>