<p>Daughter wants to apply to school. But we have heard from past applicants that they were unable to attend once they were accepted because financial aid was so Horrible. I have also researched on different ranking books which ranks NYU worse for financial aid. </p>
<p>I know that financial aid is dependent on the families finances but I would like to know others experience with financial aid so that we can decide on whether to apply or not.</p>
<p>Your feedback is appreciated. </p>
<p>Thanks</p>
<p>My D is now a senior. I was not thrilled with her FA package, but I would not discount applying because you never know what the package will be. I have read over the years on CC, the varying packages fom really great to minimal. The better your childs stats are,and the more NYU wants your child, the better the package will be, to meet financial need. It depends on which of the NYU schools you apply to. One student here on CC received 32,000 in free money, the remainder was student federal loans and his parent paid the rest. This was 100% of need met. This is just an example. There have been students withbgreat financial need but only was offered 10,000. So you never know until you apply.</p>
<p>^ I agree. NYU uses FAFSA to calculate aid (often not meeting full need) but merit is more unpredictable. Plan on being disappointed, but it somehow works out for some applicants. Our DD got some aid and some merit, and with a parent loan (non-NYU) she graduated a year ago.</p>
<p>I was wondering about this too… How is need-based aid? Do most people find it to be sufficient?</p>
<p>On average, NYU meets only 64% of FAFSA-calculated need of all undergrads. Also consider that only 35% of admitted freshmen matriculate. There will be a connection for some (i.e., NYU is too expensive and/or is not the first choice). For some the gap is lessened by merit money.</p>
<p>See <a href=“Research with Human Subjects”>Research with Human Subjects; for details.</p>
<p>Thank you vonlost! That’s helpful. I feel stupid that I didn’t just google that…</p>
<p>It’s bad across the board.</p>
<p>There is no reason not to apply, however. If you do receive acceptance, you can then evaluate the FA package. If it won’t work, it won’t work and that’s the end of that. My belief is that you miss 100% of the shots you don’t take, so if you don’t even try, you’ll just never know.</p>
<p>Vonlost, I’m reading that 85% of freshmen graduate? Am I missing something?</p>
<p>Looks right to me. 15% transfers and dropouts, but we don’t know the mix.</p>
<p>Don’t worry, 85% is considered “high”. Many top schools have a graduation rate near that.</p>