<p>How bad is NYU financial aid? My EFC is $20,000. How much grant they will probably give?</p>
<p>I’d really like to know the same thing because whether I go to NYU or not is riding upon financial aid/ scholarships. I’ve heard that NYU is really good about giving out money though.</p>
<p>whoever said NYU gives out good money is wrong.
NYU is one of the worst schools in giving out money.</p>
<p>Yeah, I take that back.</p>
<p>Yup. NYU has one of the worst financial aid. It ranks high in the “Graduates with Most Debt” category, according to US News Ranking.</p>
<p>According to Princeton Review the school is the top in the country with students who graduate with the most debt. Yeah…I don’t know how it’s gonna be, we’ll see</p>
<p>Any existing students can share some insights?</p>
<p>Also, called today and they said the financial offer will be part of the admission letter out to us today.</p>
<p>Some people get lucky with big scholarships. (I was one of those people - it’s the only reason I could even consider attending.) Most people don’t get much. And some people get nothing.</p>
<p>As far as I can tell, it’s a crap shoot as to which category you end up in. Some people with EFCs of 0 get nothing what so ever. Some people whose families ought to contribute get big scholarship money. I can’t really see rhyme or reason in it.</p>
<p>Is that for real? </p>
<p>How can families with EFC of $0 get nothing? Don’t all colleges propose: scholarships + loans + work studies + EFC = the total cost. So if EFC is $0, and scholarship is $0, NYU has to ask someone do $30,000 of work study + $23,000 loan? Isn’t that the math? That is unheard of and scary. </p>
<p>BTW, how did you get the big scholarship may I ask?</p>
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<p>It is for real. Wait until April 1 or whenever the official fat envelopes come out. There will be at least one person on this board upset because they got into NYU but upon seeing the financial aid picture, realizes there is no way they can realistically attend.</p>
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<p>So NYU might propose the following:</p>
<p>EFC = $0
scholarship = $0
work study = $0
loans = $50k</p>
<p>In my book, that counts as nothing. Sure,those loans might be subsidized to a certain degree and that’s helpful, but that’s still all money that has to be repaid with interest.</p>
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<p>I have no clue what I did to get that scholarship. All I know is that I applied for NYU’s BS/MD program and was rejected. NYU then contacted me asking if I wanted to be considered for regular admission. Since I’d already paid the app fee, I figured I had nothing to lose. When the fat envelope came, there was the admission plus the scholarship. </p>
<p>To this day, I can’t figure out how I got so lucky. Once I even asked an admissions officer about it, and she just looked at me blankly and said, “Well, there must have been something great about your application. Otherwise, you wouldn’t have gotten it.” So there you have it.</p>
<p>I don’t remember how much my family’s EFC was, but it sure wasn’t $0.</p>
<p>Can any other current students share what your EFC was, and what your actual NYU family contribution ended up being</p>
<p>Honestly, don’t go to NYU if you can’t afford it. If you think it’s worth taking out $30k or so in loans each year, I think you’re crazy, and most rational adults would. It is a good school that provides a solid education. But it’s not enough to justify irrational debt that will cripple you in your twenties. I don’t feel sorry when I hear people graduated from college with $100k or so in debt - I think, what the hell were they smoking? Sorry to rant but I know someone who’s doing this to herself right now and it bothers me. </p>
<p>I was shocked when NYU gave me a scholarship; I had a 3.6 GPA and 2150 - grades were about average and SAT was slightly above average but not by much. But I was involved with intel and various research internships, and I guess my passion for science came across on the application because they gave me a merit science scholarship (not full tuition). EFC was fairly high so didn’t get much in the form of need-based aid. </p>
<p>@oliviafranny - please don’t think that, it can only lead to disappointment :/</p>
<p>I hope it works out for all of you, but please do yourselves a favor and don’t go into crazy debt!</p>
<p>My son received a Gallatin scholarshiop of $6,000 and that was it. We are expected to take out the rest in loans.</p>
<p>All I can say is NYU gave my kid the most scholarship aid and the most Stafford loan aid – more than Fordham, way more than Reed, more than Sarah Lawrence, and more than Hampshire. Don’t rely on the general consensus – try yourself.
Good luck.</p>
<p>can anyone tell me if NYU is good at keeping relatively the same financial aid package from year to year? I received a fairly good package for this year but was wondering if they would significantly reduce the aid money for no reason the next year</p>
<p>my EFC is 12900 and i got a scholarship for 8k. that was it! dream school is a no-go for me! :(</p>
<p>My EFC is around 13,000, but NYU gave me around 22K in grants. The rest of the package was Work study and PLUS loans and stafford loans to cover the gap. Technically, they did meet my full need, but the amount they were asking my parents to borrow was just ridiculous.</p>
<p>NYU gives out awful financial aid. don’t apply ED if you NEED $$</p>
<p>Your financial award is usually renewable each year provided you keep up the GPA and maintain fulltime status.</p>
<p>^^yeah? What if your EFC increases in the following years?</p>