<p>Financial aid is known for being notoriously awful at NYU... So, to current students, how are you affording NYU? Or just a general question.. How do people afford NYU??</p>
<p>As with people at most colleges, I assume they just work and at the same time take out loans, which they repay after college, which hopefully they get a job that allows them to do so.</p>
<p>Reality check: hardly anyone here works in school. I’ve never met more trust fund babies at a single place than here. Even those that aren’t hyperprivileged, spoiled wealthy kids tend to have parents who are covering the financial burden of school.</p>
<p>Those who do work are usually either doing some internship they hope will help them get that glamor job at a fashion mag or are at work-study getting enough disposable cash to burn on blackout weekends they won’t remember.</p>
<p>^ I’m going to have to agree… of all the people I know that go to NYU… not one of them have a job</p>
<p>My parents actually had a very strict financial plan from the day I was born that allows them to pay for me wherever I go to school. I’m well off, not rich but my parents make a nice income, most importantly they always made sure they were on track towards the ultimate goal: paying for me to go to college 100%. It involved sacrifice on both ends, we had to move from New York City to Miami for example, but that’s how my parents did it. I’ll be paying for grad school, but that’s a long way off (I’m still a senior in high school hoping to go to NYU).</p>
<p><a href=“http://www.nytimes.com/2010/05/29/your-money/student-loans/29money.html[/url]”>http://www.nytimes.com/2010/05/29/your-money/student-loans/29money.html</a></p>
<p>NYU is expensive and provides very little FA. </p>
<p>A reason why back when my high school classmates and I were applying to colleges in the mid-'90s, NYU was known as a rich kid’s school. 1/3 of my graduating class were admitted to NYU Stern and CAS…but as with myself, some ended up turning it down for financial reasons…and that was with miserly scholarships/FA. Many who did take the offer still have a couple of more years or just recently paid off their undergrad loans…and we’ve been out for 10+ years. </p>
<p>If I followed them, I’d be burdened with the same high debt burdens rather than graduating with no undergrad debt and the freedom it brings to one’s post-college life.</p>
<p>I got $10,000 loan from my country since i’m international students. it’s apr 0% loan. it’s not big deal. Rest amount of tuition will be paid by my parents. Both of them work for goverment in my country. My family is not that rich but still can cover my tuition.</p>
<p>Parent here. My daughter goes to NYU, we are not rich, I’m a nurse and H is a teacher. My daughter works on campus(she’s a junior and this is her first campus job). She gets a small CAS scholarship, the rest is paid for by savings, current income and loans. I have met many of her friends and some roomates, they are not rich as well, they work, babysit, etc to pay for food, books and entertainment. She was offered way more money from Johns Hopkins and Boston university, but her dream was NYU. I’m sure there are many low income students, rich kids and plenty in between. To make such a generalization is not true. With that said, NYU is really notorious for giving out sub par FA.</p>
<p>I’m painting with a broad brush, but what I depict is the majority, not the minority. There are quite a few kids I know who work on-campus, off-campus, or irregularly to get supplemental income. What I’m referring to, however, is the demographic who works to finance their own education. That’s an almost nonexistent group here.</p>
<p>loans from parents</p>
<p>kawaii7 - How much are the loans you’re taking out? How much in debt will you be when you graduate?</p>
<p>hellodocks - How are you paying for NYU?</p>
<p>Any other insights?
Is it possible at all for low income students to afford NYU without being in crazy debt by graduation? :</p>
<p>Does anyone know of any transfers - most specifically those that come from low income families? How are they affording NYU?</p>
<p>[Does anyone know of any transfers - most specifically those that come from low income families? How are they affording NYU? ]</p>
<p>Had a couple of low-income high school classmates who transferred to NYU Stern and 3 recent CAS graduates from low-income backgrounds who transferred to NYU after spending 2 years at their respective home state unis/cc. From their accounts, FA is no better for them and sometimes worse than it is for students admitted from HS. </p>
<p>Incidentally, the vast majority of high school classmates who were admitted to NYU were low-income students. A reason why some are still paying off their educational debts today despite being out of school for 10+ years. Even the ones who finished paying them all off only did so within the last couple of years. I was a low-income student and I felt the debt-burden in relation to the degree/education I would be getting wasn’t worth taking on nearly $100K in loan debt. </p>
<p>If you are low-income, I’d be especially wary of attending NYU for undergrad, especially if you’re planning on attending grad school at some point.</p>
<p>BUMP /10 characters</p>
<p>I’d have to agree with hellodocks. My parents are picking up the tab, same with 80% of the kids I’ve met.</p>
<p>Funny to see other current students say the same thing. It’s normally pretty evident during finals too. Some kids are absolutely burning themselves out: consecutive all-nighters, study marathons in the library or school-specific facilities, group reviews . . . and far more are out making sure they get their partying in that weekend to ‘destress’. The logic is “well this semester isn’t make or break for me, it’s already paid for and I really wanna go out now, I’m leaving the city next week and I won’t get to party again for like a whole month, omg.” Literally, this is what people say to you when you talk to them.</p>
<p>The scholarship I got through NYU covers about 80% of tuition, with the other 20% coming from our family’s savings. I’d say I’m part of a small minority of the people who receive that much assistance. In general, I’d say most people take out loans. I’ve also ran into a couple of people who get decent work-study grants, and use that to cover their day-to-day / party expenses.</p>
<p>How were you able to get the scholarship that pays for 80% of tuition? It has always been my dream to attend NYU and be in the big apple, so any advice from you would be fantastic?</p>