<p>Roughly 23,000 free money. That is very good. The plus loan is a suggestion for your parents to take out to meet the rest of the COA.</p>
<p>I have a question. Are the scholarships good for only one year and you have to renew them yearly, or are they good for all four years?</p>
<p>They are all renewable (unless otherwise noted). But you do have to reapply for FA each year.</p>
<p>Is there anyone out there with an EFC of 18k-20k who can share their financial aid package? I would appreciate it.</p>
<p>The FA I received from NYU was ridiculous. Around $85,000 in loans for all four years. Wharton was much more reasonable; around $20,000 in loans I will have to repay when I graduate. The other $20,000 will be covered by my parents. And that’s for all four years, by the way.</p>
<p>Was your EFC between 18k and 20k, kaisan?</p>
<p>No, it was less than a thousand. I will be appealing to see if I can get less loans, for the sake of making my parents’ lives easier. But, if truth be told, they can manage with the current FA package.</p>
<p>Has anyone still not recieved a fin aid package yet? I tried calling the Fin Aid office today but I was on hold forever! </p>
<p>I can’t login to my NetId either…I feel so disconnected!</p>
<p>i haven’t recieved my financial aid package yet. :(</p>
<p>Im a waitlistee possibly for Stern, I really want to go…</p>
<p>but I mean if FA is really gonna be as bad as nightmares most you guys say it is, then I just wanna know right now if I can let the dream slip away for now.</p>
<p>So my EFC on FAFSA is around $12,500…does anyone have anything similar to this? And if so please elaborate and help me. TIA</p>
<p>bumpinbump</p>
<p>bumpybumpy</p>
<p>got over 9,000 dollars</p>
<p>can you be more specific?
EFC=?
$9000 of grands or scholarships?</p>
<p>EFC: $15000</p>
<p>LSP Scholarship: $10k
Fedeal Work Study: $4k
Direct Stafford Loan: $3500
Direct Unsubsidized Stafford Loan: $2000
Direct PLUS Loan: $36566</p>
<p>NYU is my top choice, but I haven’t made my official decision yet because of financial issues… Honestly, I was hoping for some more. I did some research and a lot of these loans have a HIGH interest rate of 6.8%-7.4%. Dunno if it’s worth the debt, but I think I’m gonna go. My parents aren’t too pleased.</p>
<p>@iliketoread</p>
<p>It isn’t worth the debt. Are your parents taking out those plus loans?</p>
<p>milkandsugar:</p>
<p>The thing is that my parents are willing to match what they paid for my older sister’s college expenses…so I think I’ll owe NYU around $40k when I finish. Everyone in my family (besides my dad. I have been able to persuade my mom about NYU) is encouraging me to go to NYU since its been my dream school and I’m still very nervous about the expenses. The high interest loans scare me and I plan to talk to my counselor about everything. My economics and art history teachers both told me to go for it and gave me the whole “you can’t put a price on education” talk… My other choice would be to go to UC Santa Barbara and after visiting last week, I really disliked it (even though it is a good school). I also got waitlisted to Smith, Hamilton, and Scripps so… I plan to appeal to the NYU FA office and see if I can get a bit more aid, but I’m basically stuck. I’m leaning toward NYU right now.</p>
<p>iliketoread</p>
<p>If you are sure that your parents are going to cover expenses and leave you with 40k to take on yourself then I would say if this is your dream school and you feel you fit there, then go for it. I graduated undergrad with 32k debt. I had 0 parental help, not even $1 as im first generation, but my debt it is manageable. Don’t get me wrong it is STILL a lot to be in debt, but it is manageable. It feels in comparison to like making a car payment, but keep in mind that its also like paying for something that you don’t feel you have a tangible possession for lol. At least with a car you can see and drive it everyday (well I guess you can see your degree when you are done)! I say just make sure it is for you. I wish I had gone to a state school for undergrad and then NYU for grad (well I am going to NYU for grad, but I wish I would have saved on the loans in undergrad). So just make sure it is for you. If it is for you, then I think that only you have to live with the debt so if you can live with it go for it.</p>
<p>The thing that drives me crazy about this whole process though is like how do you know at 18/undergrad age if you can reasonably live with the debt?? I mean I know I didn’t know I just went for it. It has turned out to be okay though.</p>
<p>My great dilemma is…is NYU worth the money? I got accepted into Berkeley AND NYU stern and I want to do business in the future.</p>
<p>I understand that coming out of stern, one can make about 60k already at wallstreet. But i’d like to know if thats worth taking a debt of almost 30k per year? Honestly, Stern might be the most worth the money of all the undergrad schools and that Wall-Street-60k-job is quite tempting, but I still don’t know if it’s worth 30k x 4 = 120,000 in loans. My mother might be selling the house.</p>
<p>On the other hand I have berkeley, who gave me a 43,000 award for 4 years. yeah. Haas is great, but its only 2 years, far away from NYC, requires application to get in, and only has one major.</p>
<p>So what do you think? NYU is great but is it worth the money? Haas is practical but doesn’t feel like I can really reach my NYC Wall Street goals lol?</p>
<p>…I’ll give a cookie to anyone who helps me out.</p>
<p>Is it Berkeley the business school? it s a hard call. But NYU reputation is very diferent than Berkeley.<br>
We have a Berkeley near my hometown and it is a good affordable school, but it does not have anywhere near the reputation as a degree from Stern. I don’t know if the debt is worth it, especially if you plan on going to graduate school. But if costs is a major factor, then that should be your deciding factor. If the education, opportunities and proximity for internships on Wall St and alumni connections are important then that is the other consideration.</p>
<p>They are 2 very different schools. Totally different tiers.</p>