<p>this thread is depressing but realistic…NYU is my dream graduate school but the price tag is scary…I’m waiting for my fin aid package but the fact i’ll be racking up massive college debt is a lil disheartening esp with the economy the way it is. What makes me also unsure of NYU is the fact they recently posted up the starting salary financial stats of their graduates…for someone who is majoring in business the payoff is huge but for someone majoring in the entertainment field like I am…not so much…the starting salaries rose but still I’m questioning whether it is worth it to go through that much debt with my salary really not looking that much different if I went to a cheaper school with my major…then again NYU has wayyyy better connections…it’s very hard to think about…here is a link to the article as well if you guys need to research on your own</p>
<p>my son received 30K in scholarship money for his freshman year, 31K for his sophomore, and 32K for his junior year. He’s a Cas Junior and his SAT score was 2250. Can’t really explain why NYU was so generous</p>
<p>My EFC is 11-12K (will be slightly over 13K this LAST year).
He is also taking max unsubsidized stafford loans (3500, 4500, 5500 for years 1-3) and 2400 in Perkins loans each year PLUS a couple of grand in work study.</p>
<p>sueinphilly…that would be the presidential scholarship. Though their website says no scholarships over $25,000 in places…I’ve noticed they seem to have “morphed” upward (with the increase in tuition, I’m sure). And his stats match the numbers I’ve been hearing. About top 1% of standardized scores. I’m HOPING for that for my D, but worried about her GPA factoring in. Because it’s worse, and I don’t know how they calculate it. Top 5% ish gets to be in honors college, most/many (?) get SOME sort of aid, but it can be a lot lower. Our EFC is MUCH higher, because I have an S corp so all profit shows up as income, even though it’s money left in the company as workiing capital. So we CANNOT afford NYU no matter how the paperwork looks…without that big scholly…so - fingers are crossed at our house. Congrats to your son, btw. My D has nearly a full ride so far at our state uni, it hurts her heart to know she’ll probably have to give up NYU for it, but…? Does your son love it? Was he a national merit finalist - and involved in the Baird program? Even though it’s not the CASH we all need…it sounds like such a nice program. Probably some kids get to travel internationally who never have before.</p>
<p>He doesn’t get any travel perks and definitely didn’t get the presidential scholarship. He does have a GPA of 3.7 so maybe that’s why they keep upping the $$ from year to year.</p>
<p>No, he was not a NMF. His scholarship is actually 2 different ones. half is Milton Petrie scholarship and the other is Trustees or CAS (I think it changed from 1 year to the next).
I tell you we cried when we opened that envelope and saw how much money they were offering him. I called the FA office a couple of times to confirm this wouldn’t be a 1 year thing and thus make subsequent years unaffordable. I figured by the time all is said and done, I will have paid about 60K (from savings), my son will have close to 30K in loans and rest of the cost came from NYU. </p>
<p>He likes NYU, loves NYC (my brother lives in Manhattan and my son had been going there regularly since he was 3 years old). </p>
<p>For his last year (next year, his senior year), my brother is going to sublet his downtown studio apt to him (I’m paying for it). $1000 a month, a dorm can easily cost that much. And he’ll be a few blocks from campus versus way out of the way on 26th street (very uptown compared to campus)</p>