<p>You don't go like so many other kid that get in and can't afford it. NYU is notorious for their FA. You have to be very realistic when you apply to this school.
A good part of the FA package that I have seen from NYU is mostly loans and WS. The average sholarship/grant is 20,000. Even people with very low EFC have difficulty. Now on the other hand what kind of student are you?</p>
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The average sholarship/grant is 20,000.
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<p>That figure is the average financial aid package, including loans, not the amount of the average scholarship/grant.</p>
<p>To the OP: you are obviously one who will need to compare financial aid packages in order to determine which college you will be able to attend. Early Decision is not designed for individuals in your situation.</p>
<p>Well, I'm an average kid. :\ I was just wondering though.</p>
<p>Also, what I meant by "What happens if you cannot afford NYU, but you're accepted?" was if you got accepted ED... you pretty much have no other options besides NYU (even if you cannot afford it) right?</p>
<p>Would it be wise to ED to schools with 100% need met, or is ED out of the question for people like me?</p>
<p>People I know who were accepted early decision received little to no financial aid. I was on the waitlist and got accepted later. I got a lot more than they did (19k in scholarships/grants and 6k in student loans). My advice is to apply for regular decision.</p>
<p>Does the original poster mean to say that her family's EFC is $30K? I don't think anyone can count on getting $30K in financial aid without loans from NYU. NYU does not promise to meet 100% of need.</p>
<p>my son received 30K in scholarship from NYU. My efc is about 11K (no Pell grants, obviously). He had loans of 5900 (perkins and stafford) last year and 6900 this year. I'm still paying more than my efc, but NYU does have scholarship money for high need students that are in the top % of applicants.</p>
<p>Jen, although a very few students, like Sue's son, do receive a good amount of scholarship and grant money, no one should count on that. NYU does not promise to meet 100% of need and no one should expect that they will. Early Decision is for students who have a definite #1 choice of school and who do not have the need to compare financial aid packages. It is not a good idea to go into Early Decision without the intention of attending if you are accepted, regardless of what financial aid you are offered. Do kids do it? Yes. Is it a good idea? No. If you love NYU, apply regular decision along with the rest of the schools on your list, and wait and see who offers you what! A much better position to be in, come April 1. Best of luck to you!</p>
<p>No. It is not. Don't get your hopes up if you can't afford it. People have small chances of even getting up to $20,000. Don't apply ED if you think that's not enough. I would know. :.|</p>