<p>Did anyone received their first year financial aid packages yet?
And if yes how do they look?</p>
<p>They look as though they're chock full of loans!</p>
<p>I don't even qualify for the $22k PLUS loan they want me to take out...</p>
<p>W T F mates?</p>
<p>wasnt nyu need blind
isnt that what they said before applying?
so thats a story i guess
and we got accepted and cant go because of financial problems?
is that what it is:(((
or am i being too pesimistic?</p>
<p>In fact, the Admissions Committee at NYU is "need-blind." As Committee Members we do not have any financial documentation available to us at the time that we evaluate an applicant. We have a separate Office of Financial Aid in a separate facility on our campus and these are the only individuals who receive your FAFSA data and award financial aid packages. Please trust that when you receive information from our office that it is not "a story."</p>
<p>Need blind doesn't mean that they will give you as much money as you need to go to their university, it means that they wont reject you because you're poor.</p>
<p>I got mine quite a while ago. Strangely enough, it was actually the best offer I got from any of the colleges to which I applied. O.o</p>
<p>A few questions, though, if anyone knows... What's the deal with work study? I got it on all of my other financial aid offers, but NYU didn't include it. Does this mean I can't do it at NYU or what? Also, and this is probably a stupid question, but what's the difference between Perkins/Stafford loans and the PLUS loan? Is it just that PLUS is for parents and the other two are for students? Mine was all PLUS... How do they decide something like that?</p>
<p>Perkins/Stafford are sort of limited, like theres only a certain amount that can go to each of those, and if i'm correct its like $4,000 and $6,250 or something for those. But the PLUS Loan is sort of however much you need to borrow in order to attend and also interest rates are different for all these loans. Low interest rates for Perkins/Stafford and higher for PLUS Loans. Also you can have loans go under your parents name...which comes with like a 8% or something FIXED interest rate and 6.25% or something with an UNFIXED interest rate if it should go under the student's name.</p>
<p>btw, how much in scholarship/grant did you get Shirobot?</p>
<p>Perkins and Stafford are subsidized and are usually at a low interest rate with delayed payment(I think?). PLUS loans are crap, you can get a better rate at a bank with good credit.</p>
<p>A PLUS loan is not "financial aid". It is a federally-guaranteed loan that that all parents with good credit can get to meet the full amount of unmet need and EFC at the colleges they attend. Parents must begin repaying the loan almost immediately and as of 2006 the interest rate is fixed at 8.5% (not cheap in the short run).</p>
<p>Stafford loans & Perkins loans are federally-subsidized loans to students, with lower interest rates, and do not have to be repaid and do not begin to accrue interest until the student is no longer in school. Stafford loans generally included in most financial aid packages; schools vary in their practices concerning Perkins loans.</p>
<p>now i feel better about my future in NYU:)</p>