<p>I got approximately 2,500 dollar a year for this Tisch Scholarship thing.
Then I got like 3,500 a year in a subsidized loan. I also got 4,000 in work study but I’ve heard that most Freshmen can’t get work study because there aren’t enough jobs available.</p>
<p>I’m grateful for my Tisch Scholarship, but I was expecting the tuition to be 56k and not 58k. Is there an appeal process? How do I convince them that I need more aid and by aid I mean grants/scholarships and not loans.
It’s funny how they offered me 48,000 in Plus loans and counted that as “aid”.</p>
<p>Clay…loans ARE part of financial aid. All financial aid packages are made up of some scholarship/grant, loans, and work study. All those things constitute AID. It could be that your family does not qualify for more need based aid grants. Did you file FAFSA? </p>
<p>Also, the cost is truly 56K, not 58K in my opinion. Usually the school cost is thought of in terms of tuition, room, board, and fees. Things like spending money and books are variable depending on the person and in any case, are not expenses you pay to the university. Yes, on top of room, board, and tuition, you’ll need spending money, books, supplies and travel expenses. Many students fund their spending money and/or books through summer jobs. </p>
<p>I don’t know if you can appeal but you can try to. It may not work but you could try.</p>
<p>My S worked off campus frosh year (at Abercrombie for slave wages) and had a friend who worked in a theatre doing ushering all four years. My S found the CAP 21 schedule to be very busy after Frosh year, so be aware of how much time you have to work and when that might be, no matter where you go. A Sunday job is nice as it usually does not conflict with anything. As I recall the film Dept does not allow other film students to work there, and I thought that would be a great place for an MT kid to work. And yes, loans ARE financial aide. Not too many free lunches out there to be had these days. I paid off my school loans for many a year back in the day. Refinanced our house when my S went to NYU, paid up front and saved a bundle in the long run.</p>
<p>I did file FAFSA, and I do realize loans are a part of financial aid, but only when they are subsidized or low interest rate loans. After my 3500 subsidized loan and my 2500 dollar scholarship, I’m stuck with private loans or the 8 percent Parent Plus loans. What is the advantage of a parent plus loan if a home equity loan has a much lower interest rate?
I’m going to try my best to appeal though</p>
<p>clay, sorry that your FA package from NYU is not better. I am sure that is disappointing. Definitely appeal if there is some information or detail that the FAFSA was unable to explain, such as your parents are supporting an elderly relative, or a parent who lost his or her job. Those things can be taken into consideration.</p>
<p>Did you ever get an FA package from Muhlenberg?</p>
<p>clay, yours sounds exactly like mine. 6K in scholarships, 4K in work study, and the rest is loans loans loans. I can’t ask my parents to take out 42K on my behalf! We’ll see how it goes…
BTW, does anyone know exactly how we appeal? I probably won’t get anything else, but I’d like to try.</p>
<p>vikingchica, conceivably, your parents should not have to take out $42,000 per year in Parent Plus Loans. That implies that they have not only NO money saved up for college but also cannot afford to spend ANY of their current income toward college and in such a case, one would then expect your family’s EFC to be zero. Was it zero? I doubt it. If your family had an EFC of zero, you would have at least gotten some more aid that was not in loans. I am not sure your parents plan for financing your education before NYU’s letter came out today but I would think that they had a plan and even if they had nothing saved up for college, that they could pay SOMETHING toward college out of their income that would not require them to borrow the ENTIRE amount. If you expected NYU to give you large grants, that was not a realistic expectation.</p>
<p>We have Parent Plus Loans too. But not for the entire cost of the college.</p>
<p>I got my purple packet but there was no financial aid packet in it?? Is this a mess up or do I just not get any financial help? There was only an acceptance letter to tisch and a candidates reply form in the packet. (along with two little pamphlet things).</p>
<p>Yasha, assuming you submitted the FAFSA and all, your envelope should have contained a whole separate booklet called “Financial Aid Guide 2009 - 2010” with your financial aid offer on a loose sheet of paper inside the front cover.</p>
<p>sooz, thanks so much for your response!
When I posted, I was a little bit in shock from the numbers I saw. Later, I got a chance to sit down and ACTUALLY do the math and include what my parents said they’d be able to afford, housing choices, meal plan, etc. etc. It turns out the most I’ll have to take out in loans is about 10K a year, which is actually not that bad at all.
Call it a pessimist looking in the glass half empty before they even poured the drink.</p>
<p>^^^We are not making our daughters pay any money toward their education. We are funding it various ways (after the significant scholarship, that is). But part of the funding is that we took out loans. One kind of loan is Parent Plus Loans. Another type are the student loans called Stafford and Perkins Loans which the government subsidizes and are not due until the student is out of school. While the student loans are in our children’s names (not the Parent Plus Loans), we, as parents, will be paying them when they are due over time. We utilized those as part of our loan financing as the student loans are at a very low rate that a parent could not get. But our kids will not be paying them back at all themselves. Both our daughters are on financial aid, though now our oldest is in a 3.5 year grad school which we are also financing various ways. So, the answer to your question is NO, our D did not take out any loans. Technically, the Stafford and Perkins ones (a small part of the total cost) are in her name but we will pay those ourselves, and we only used her name for those as that is the only way to get those low cost loans that are not due until after graduation. The Parent Plus Loans have had payments during her time at Tisch.</p>
<p>Part of my “family culture” is valuing education and my parents paid for me to go to college and grad school and in turn we pass that onto the next generation and it is a big priority.</p>
<p>Oh ok, that is really cool! I wish my family had that tradition! Unfortunately, my parents are hesitant to take out loans in their name because they don’t want to be saddled with debt in the event that I can’t pay for them. Also, what would you say is an ‘average’ scholarship for Tisch students. I know it’s hard to say what ‘average’ is…</p>
<p>I honestly don’t think there is an “average” scholarship for Tisch students. I have heard of kids getting scholarships that span the wide range between $2K a year to $20K a year or more.</p>
<p>I don’t know an average either and agree with NMR Of the range I have heard from others. It also would relate to each student’s level of need, in addition to the merit factor. It is definitely not the same for all.</p>
<p>EDIT…this post is a response to what is now post 18.</p>
<p>The posts are posting out of sequence. CC is obviously having a major problem this evening with the traffic on this site as many selective schools’ admissions have been released online at 5 PM today. CC was down for a while and now it seems posts are going up out of sequence. My posts are meant to be AFTER Wheresmyvoice and AFTER NotMamaRose.</p>
lol</p>
There was only an acceptance letter to tisch and a candidates reply form in the packet. (along with two little pamphlet things).</p>