<p>I am planning to transfer to NYU Stern School of Business, but I heard from friends and posts on collegeconfidential that the school gives out atrocious financial aid packages. Is that true? </p>
<p>For current and past NYU Students:
How do you feel about your financial aid at NYU?</p>
<p>For prospective and other students:
What business schools do you think has the best value on the east coast?</p>
<p>And please include any advice you would like to share with me. Thanks so much in advance.</p>
<p>Here is the thing: it doesn’t matter what other people get–it’s only what you are asked to pay that matters. I have seen some of the best financial aid packages come from NYU for students, and they can do that because they do gap a lot of students. If you are one of those who gets a prized package, you’ve won a lottery of sorts. </p>
<p>Most schools do not give good aid to transfer students. The funding is far more meager for transfers since the emphasis of colleges is to get the best entering class stats as possible. A number of schools that guarantee full need to be met for first year students, do not extend the policy for their transfer students.</p>
<p>How NYU specifically handles this, I don’t know. As Entomom says, you can look at the resources here on the forum and find out what the buzz on this is. I also recommend you call NYU’s financial aid office and find out what their policy is for transfers and how many transfer students or what % get full need met. If there is a policy not to give transfers aid at all beyond government aid that does not come from the school, you might want to reconsider. If there is some chance of getting full or close to what you hope to get, then realize you are entering a lottery. It could depend on what you are bringing to the school. Is it actively seeking students of your major? Do they need more students at your level? If you are run of the mill, you are highly unlikely to get any of NYU’s private funds. The transfers that I personally know did not get a dime.</p>
<p>As an entering business student, this is a good project for you to tackle.</p>
<p>If yes, you should have your financial aid package. IF yo do have your package, do your parents feel as if it is an affordable option for them.</p>
<p>If you have not yet applied, then my advice is to sit with your parents and run your numbers through their Net price calculator. Once you do this then you will have a better idea if this is a financially feasible option for your family.</p>
<p>I see from your post that </p>
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<p>Why are you not looking at Rutgers? Once you apply the scholarship you are looking at ~3000 for tuition. even with room and board, it would be an excellent deal and it should definitely be affordable compared to the almost 60k/year to attend NYU</p>
<p>Ah, Sybbie, but OP wants to go to Stern, not a NJ school. Two of DS’s classmates who did not get into NYU right out of high school have been accepted for the coming year. I see this all of the time. It seems to be easier to transfer in if you have good grades that first year at college. But I’ve yet to hear of anyone getting any financial or merit money as a transfer to NYU, much less a generous package. All I’ve seen are government loans.</p>
<p>My older son’s friends, a number of them, really had rough times financially making a go of NYU. They all turned down less expensive schools and money to go there. The thing is, even if you commute, it’s expensive to go there. From my place, it means a monthly pass of nearly $300. no student discounts, and a transit pass of $100 for NYC subways and buses right off the top. Then you gotta eat and unless you pack a meal and a snack and a drink every single day, it will add up fast. Plus the city is screaming for you money at every corner, and the peer pressure is enormous. The kids with the biggest loan bills that I know in this area, are NYU students, grads and parents.</p>