<p>Hi!
Thanks for reading this! Basically, I was accepted as a transfer to NYU, however, I forgot to check a box on the FAFSA form and so they never recieved it. I just sent it in today and they'll need three more weeks to process it. I know it's way past the deadline...they still accepted it...however, the date it was completed is marked as before March (before the due date). Is it still possible to recieve aid!??!?</p>
<p>Possible, but probably not likely as NYU is notoriously stingy with aid.</p>
<p>NSM,</p>
<p>What schools do you think are generous with aid, besides the ivys?</p>
<p>remember, just like buying a car- the discount from sticker price means NOTHING. What counts is the balance due.</p>
<p>I wouldn't be so quick to say all Ivy's are incredibly generous with aid lately.
Money is tight. I'm going to Columbia next year and I just got my financial aid award... entirely made out of loans. Not a single grant :(</p>
<p>Makeitblue: How much in loans are you getting a year?</p>
<p>vtoodler, The most generous universities are the ones that are the most difficult to get accepted into. Most of the top 10 liberal arts and national universities will guarantee to meet 100% of documented financial need.</p>
<p>I would not look to get much aid from NYU. I remember that there was a time where they did not give any aid to transfer and international students. In my work life as a person who coordinates college programs there have been many employees from my company who have gone to NYU as undergraduate transfer students (they recieved no aid, but since we have a decent tuition reimbursement program to took some of the sting out of not getting aid from NYU)</p>
<p>Fom my own experience with NYU (2 graduate programs) the first time I got no aid this time I got a small scholarship as part-time doctoral student.</p>
<p>makeitblue, you probably have a high EFC.</p>
<p>or you barely got in.
THere are schools that meet 100% of need- however logic would say that the students that they most want to attract are offered grants/workstudy/loans, other students may be offered only loans & workstudy and the college has still fullfilled their mission of meeting 100% of need.
Also there are schools like Holyoke, Smith and Colgate which give more aid than your EFC would suggest, as private schools can configure EFC however they want. They may state that they don't offer merit aid up front but when a student is offered a lot more aid than they are anywhere else, it can be quite a draw :)</p>
<p>makitblue
I saw on another post re aid that Columbia expects you to have nearly $40,000 in loans for one year. I would really hesitate to make that commitment. Heck I will go so far that unless Bill Gates was going to pay your loans as soon as you graduated that I would not allow a child of mine to graduate in such a deep hole of debt.</p>
<p>I agree with emraldkity4 that $40,000 in loans is a horrendous amount of loans. I would not suggest that any student take out more than a total of $20,000 in loans to cover 4 years of college. $40,000 in loans to cover one year would be a cripping amount of debt unless you'll come into a hefty trust fund shortly after graduation.</p>
<p>I see that you are a grad student which explains why you got so little aid as Columbia at the grad level does not meet 100% of your need where a large part could be grant aid like does for graduate. Are you in a masters vs. Phd Program? A PhD program would have probably picked up a large amount of the tab if you were a full time student.</p>
<p>when you applied for financial aid, did you state whether or not you were willing to be a TA which would have given you at minimum 9 credits of tutition remission based on # hours working. Even as a grad student $40,000 per year is a lot to payoff.</p>
<p>Although I am going as a part-time student, between the small scholarship and tuition remission from my employer, I will have very little debt upon graduation.</p>
<p>Northstarmom,</p>
<p>I would surely love it if it were possible always to borrow no more than $20,000 to cover four years. My son made the decision to go to Brown recognizing that he will likely have a little over $25,000, assuming that the Stafford goes up each year as usual. It was the least lovely of his financial options, but he seems sure he made the right choice. I do think I would have seriously balked if it had been much higher than that.</p>
<p>but if all my aid is need based--and NYU supposedly fulfills about 60% of that need-wouldn't some aid be required?</p>
<p>There may not be in any aid to give you. You got your info in late, and that could be reason enough for NYU to deny you. The aid funds also may have been allocated to other people. Even if NYU gives you aid, they could give you that 60% in loans. Meanwhile, you'd be gapped, plus would have to pay back hefty loans. Would NYU still be worth it to you?</p>
<p>"I would surely love it if it were possible always to borrow no more than $20,000 to cover four years. My son made the decision to go to Brown recognizing that he will likely have a little over $25,000, assuming that the Stafford goes up each year as usual. "</p>
<p>Depending on his skills and job hunting ability, he may be able to carry less than that if he gets lucrative summer employment and good employment during the school year. Some summer internships (particularly after junior year) pay extremely well.</p>
<p>The problem is that NYU does not meet 100% of your need. There will most likely be a gap and they are famous for giving the bulk of their aid in the form of loans. (while they have over $1 billion in their endowment it is really not a lot of money for a school as large as NYU. In additon the school owns a large amount of real estate in greenwich village/ downtown manhattan so they have a big tax burden)</p>