How do I appeal financial aid?

<p>Well I just got my financial aid info from CAS and it's far from what I can afford to pay. My EFC was 0, and I also got accepted from Tufts which is much more reasonable, I only need to pay about 5k a year. While I would be paying over 27k at NYU. My parents said they can't afford to pay for it, so basically if I do decide to go to NYU I would have to come up with the money myself which means I would be over 100k in debt by graduation. However NYU has been my dream school for years. So any advice? I was thinking about appealing the aid but I have no idea how to go about doing that.</p>

<p>Thanks</p>

<p>call their financial aid dept and see what they say. tell him how much you love nyu and make sure to include the part about tufts giving you way more cash.</p>

<p>nyu isn't a cheap school because they choose to be, it's because they have a tiny little endowment. </p>

<p>chances are they can't give you any more, but it's always worth asking. just don't be disappointed if they can't...tufts is a great school!</p>

<p>I really would pick Tufts over NYU not just for the finaid but for the educational quality. Plus, living in NYC will be a lot more expensive, in addition to tuition, than Boston.</p>

<p>appealing financial aid will only get you a few more thousand tops, unless they messed up here, unfortunately there are alot of people here who graduate with a liberal arts degree 150,000k in debt, which is a bad idea.</p>

<p>I was able to appeal financial aid from nyu, and they gave me 2 thousand more a year, which they said is a lot for an appeal. My mom called and said that NYU is my first choice, and we are financially unable to pay to send me there. My mom also said that some of the other equally reputable schools I applied to gave me a lot more money in grants.</p>

<p>It's worth a shot, but I would say go to Tufts since there is such a huge gap in price, because NYU probably won't give you too much more money, if they can give any.</p>

<p>Anyone think NYU is worth a try at appealing with this FA package:</p>

<p>EFC = 27k</p>

<p>Stern Scholarship: 7.5k
Federal Work-Study: 4k
Perkins Loan: 2.4k
Stafford Loan: 3.5k
PLUS Loan: 32.6k</p>

<p>For a total of 50k. That's about 38k in loans, so minus the EFC, which means 11k in loans per year over four years. So that's 44k in debt in 4 years?</p>

<p>44k aint bad for nyu, in stern you can make it back in a first year bonus if you go into ibanking</p>

<p>Make 44k in a bonus that quickly? Pixie dust.</p>

<p>zkevin- I highly doubt NYU would give much more money, since you do have a EFC of 27000. For NYU, 44,000 debt is not that bad for 4 years.</p>

<p>It does mean that you will be paying 440$ a month for many many years. Can you afford that?</p>

<p>try applying for more outside scholarships. you can find a ton on fastweb.com- it basically matches you up to scholarships you are eligible for. but imo, if both schools have what you want to study, you should go to tufts. the financial aid you received is pretty good compared to NYU's and the classes are bound to be smaller and more personalized.</p>

<p>Any thoughts on an NYU fin. package with 10,000 CAS scholarship, 4,000 or so work study and the rest (up to the 48,763$ cost of attendence) in loans, which work out to about 115,000 after graduation, or a 33,000 renewable grant to BU with minimal loans and a yearly contribution of about 5,000$. I know it seems silly to ask if I got such a huge grant from BU, but I have my reasons for not wanting to go there. Is it worth it to appeal at NYU? Would it be worth it to put myself into THAT much debt?? (as an IR major, who may either be working a well paying government job or a poor paying non-profit job..?) seems risky to me.. </p>

<p>Not to hijack, but its along the same lines of appealing</p>

<p>
[quote]
well paying government job

[/quote]
</p>

<p>What government are you speaking of? Not the U.S. surely. They only start paying well after 20 years of foreign service ;-)</p>

<p>My d. went through the financial aid appeal process with NYU last year, plus we shard notes with many people. NYU will increase a grant by $1000 or $2000 with an appeal. That's it. The college does NOT promise to meet full need and they don't really care what you need is or what other schools offer -- their financial aid is pretty much a take-it-or-leave-it affair.</p>

<p>If a couple of thousand will make the difference for you, then appeal.</p>

<p>If it makes you feel better to go through the exercise, then appeal. (I know it was important for my daughter last year to take that step, at least to get to the point of closure).</p>

<p>To those of you with the great offers from Tufts and BU: take them! It's really nuts not to.</p>

<p>Thanks you for all the replies, but I was asking how exactly do I go about appealling? As in what exactly do I need to do?</p>

<p>when do early decision candidates get their financial aid packages and merit aid and what not?</p>

<p>lol i can't believe people are actually considering taking out 40k, 50 k, or even more in loans....crazy</p>

<p>kinly, just contact the financial aid office and tell them that you want to appeal -- they will tell you what you have to do. Last year, my daughter went to University Day and they had table with reps from the financial aid office to see everyone. She had brought whatever documents she felt were appropriate to appealing aid with her, and was able to meet with someone that day. She was told that she would get an answer by email within two days, and she actually got the response the very next day. She said that the financial aid person was very courteous and direct with her, in terms of getting the appeal processed. So that part was very easy for her. </p>

<p>However, as noted, there was not much more money -- just an additional $1000.</p>

<p>My younger sister visited on Sunday at the Square, and we met with Financial Aid to discuss the possibility of receiving more scholarship money since she has some very nice offers from Case Western and American. We were told flat-out, "NYU does not match other schools' packages. If you would like to give us documentation for those other offers, we'll put it into your file and it'll be reviewed. However, we cannot promise you anything." Our experience seems to be borne out by what other people have been saying. Essentially, unless your parents suddenly die and your house disappears into a giant sinkhole, it seems like the package you get is the package you keep.</p>

<p>how much does NYU usually give for NMS finalist?</p>