<p>I got my financial aid package today, but I am a little confused about some of the figures on here and am wondering if anyone can help me out.</p>
<p>NY State TAP = $5,000.00<br>
College of Nursing Scholarship = $29,050.00
Pell Grant = $5,550.00
HEOP Stipend =$1,700.00
Work Study =$2,250.00
Stafford Loan =$3,000.00
Aid Year Totals =$46,550.00</p>
<p>Is this a good package?</p>
<p>Shockingly enough, it seems you are one of the lucky few who gets good aid from NYU! Assuming the cost of attendance is $46,000, this is a very doable package with only Stafford loans at a manageable amount. NYU is infamous for offering huge loans, so you are very fortunate!</p>
<p>What does TAP stand for? What Polar Scribe said is true. NYU has the most student debt out of all colleges.</p>
<p>[Perdido</a> Street School: NYU Students Carry Most Debt Of Any Private College In Country](<a href=“http://perdidostreetschool.blogspot.com/2011/02/nyu-students-carry-most-debt-of-any.html]Perdido”>Perdido Street School: NYU Students Carry Most Debt Of Any Private College In Country)</p>
<p>[Gawker</a> — Today’s gossip is tomorrow’s news](<a href=“Gawker”>Gawker)</p>
<p>That is a fantastic package. You should be JUMPING FOR JOY! Since you got into the HEOP, you are a NYS resident. Will you be commuting?
You received 41,300 in free money. The rest is a 3000.00 stafford loan which is good. The work study is something you have to earn by getting a work study job on camp. So that portion does have to get paid to the school. Congratulations!</p>
<p>@chaospaladin. Tuition Assistance Program. It’s a NYS tuition help.</p>
<p>TAP is a NY State based program providing need based aid.</p>
<p>I thought NYUs COA was north of 55K</p>
<p>I believe the OP is a resident of NY, so she/he may be a commuter, so the 55,000 rate is for on/off campus students.</p>
<p>I agree it looks good, but only the bottom line counts. How much do you have to pay? How much can you afford to pay? Even a huge award can be a problem if it still leaves more than a student and family can afford to pay and every single source has been tapped.</p>
<p>I think as someone else noted, it comes down to whether OP is living at home or not. I suspect OP is to be living at home, as the Stafford Loan is not maximized. Otherwise, I think the Stafford loan would be higher if the COA is over 46K. If so, its a good package. However, it still means 12K of loans. I have to question is a nursing degree from NYU worth 12K more than a nursing degree from Hunter (if you can live at home at NYU, you can live at home at Hunter) and the work study is eliminated, giving more time for study, or a paying job.</p>
<p>Very good package…</p>
<p>Can I ask…what are your stats? I’m guessing that they must be top, top.</p>
<p>Since you have a 0 EFC, is this award meeting your costs? Will you be commuting? If not, I think the cost is higher than what you’ve been given.</p>
<p>BTW…Is that nursing scholarship renewable for all 4 years? Is there a GPA you must maintain to keep it?</p>
<p>With your Pell and Tap amounts as high as they are, it appears your family is very low income. If you live at home, this is an amazing package and doable. If you intend to dorm, I don’t see where you will come up with $10+ grand a year balance due.</p>
<p>@milkandsugar I will be commuting , and thanks! :)</p>
<p>@mom2collegekids</p>
<p>My stats are…</p>
<p>SAT = 1500
GPA = 3.85</p>
<p>Yes, I will be commuting.
The nursing scholarship is renewable every year, and I must have a minimum of 3.0 GPA.</p>
<p>Jennie,</p>
<p>Congrats!! All in all, you have an excellent package from NYU. </p>
<p>From the looks of her package, other than the stafford loan, the cost of commuting to campus, and possibly book money (check to see if you will get a book stipend through HEOP), her parents will have not out of pocket costs.</p>
<p>@kayf,
I’m a RN, and up until recently, what you say has always been true, that where you go for nursing doesn’t matter, everyone gets hired and starts around the same pay. But things are changing. I took a class with our local Department Chair of Nursing at a CC, and the trend now is, hiring new grads from top schools, those with high GPA, etc. The competion is fierce to get into hospital programs that hire new grads. Because of the economy, nursing seems more desireable and many people are changing careers. There are waiting lists to get into nursing colleges, so hospitals have now changed the tide by being very selective who they hire and who they will invest their time and money into. Many hospital have closed so there are experienced nurses having difficulty getting hired.</p>
<p>So things are a changin’.</p>
<p>Jenni…</p>
<p>Great stats (I’m assuming that the 1500 is M+CR, right?). </p>
<p>Since you’re living at home, it looks like all costs are covered. </p>
<p>If you think you’ll need more money (for transportation or whatever), you probably could get a summer job - this would also provide extra pocket money and lessen need to work as much during frosh year. (keep the work-study, but maybe not work THAT much).</p>
<p>Ask about the renewable scholarship. NYU is not known to be generous with their aid. Get it in writing about the sholarship - could they take it away or lower the amount even if you were to meet the minimum GPA.</p>
<p>Unless Jenni hits the lotto, as long as she is HEOP eligible and meets the renewal terms of 3.0, her aid package will remain pretty consistent. HEOP is one of few programs at NYU that guarantees to meet full need with large amounts of grant aid and no onerous loans. </p>
<p>Even on the off chance that she should decide to transfer; HEOP turns in to SEEK at the CUNY level and EOP at the SUNY level. She will just have to make sure if she decides to transfer, that she is transferring into those programs.</p>
<p>mom2collegekids, That’s probably 1500 overall. HEOP has very specific requirements and students must be both economically and educationally disadvantaged.</p>
<p>@mom2collegekids</p>
<p>My SAT scores… </p>
<p>Math =800
Reading =700
Writing = 750</p>
<p>Jenn, that’s amazing. HEOP is supposed to be used to provide additional support to students who are both educationally and economically disadvantaged. As a matter of fact, it’s usually used for students who are inadmissable under normal admissions criteria. (NYU used to publish a ceiling on SATs for HEOP – now it looks like they only publish it for C-STEP-- and many schools openly say it’s for students who are inadmissable under normal criteria.) I wonder if the program gives the school that much leeway (I don’t see how since students can transfer from one HEOP program to another) or how NYU justifies using state funds for what really looks to be financial aid but congratulations to you.</p>