<p>Because they don’t have to. There are literally thousands of parents lining up every year, willing, ready and able to pay $55k/year so Johnny/Suzie can go to school in NYC, and in most cases, be less than a day’s drive from home. There are also plenty of full-pay internationals.</p>
<p>Sure, the reportable stats may take a hit if some middle-to-upper middle class students go elsewhere, but so what? Playing the stats game – essentially a $$ merit race with rankings competitors such as USC – requires BIG money. NYU has obviously decided it ain’t worth it.</p>
<p>As long as NYU is clearly upfront about not meeting full need, why should they?</p>
<p>Perhaps NYU prefers to spend its resources on its grad division, particularly Law and Biz. On the Law front, NYU is a a friendly, but fierce battle with Columbia for top-dog in NYC and spends $$ on law programs accordingly.</p>
<p>There are literally thousands of parents lining up every year, willing, ready and able to pay $55k/year so Johnny/Suzie can go to school in NYC, and in most cases, be less than a day’s drive from home. There are also plenty of full-pay internationals.</p>
<p>That’s fine for those who are willing and able…those don’t qualify for FA.</p>
<p>The sad thing is when low income families and students sign up for life-choking big loans to go there…and then not be able to even finish there because they run out of borrowing power.</p>
<p>Law schools…even top-tier ones tend to be cash-cows for most universities. Comparative to the costs of law libraries, faculty, educational discounted versions of legal research databases/software, and more…they’re making huge profits which go to subsidize the more capital intensive or less renumerative programs…such as medical schools, science/engineering programs, and academic PhD programs. </p>
<p>Only other programs which compare are stand-alone masters programs…including most MBA programs.</p>
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<p>Most low-income families like many high school classmates and myself turned down NYU admission offers because of this very issue. </p>
<p>Fortunately, for most of us…it wasn’t a hard decision as many were offered far more FA/scholarship money from more prestigious colleges such as the Ivies or the topflight SLACs. Hence the reason why NYU was known as a “rich kid’s safety school” among many of the students at my high school. </p>
<p>The ones who weren’t that lucky figured they’d attend state/city schools, excel, and then attend NYU or an Ivy for a graduate degree down the road. </p>
<p>Several classmates who did state/city schools for undergrad…later went on to NYU or more prestigious schools like Harvard for their MBAs, law degrees, or PhD programs.</p>