^Those federally subsidized loans are limited. $5500 first year, increasing a bit each year.
The parent plus loans are not subsidized. They are market rate loans. They may have federal guarantees, but that is not financial aid. You have to pay it back.
I was talking about unsubsidized loans @HRSMom
Well of course you have to pay back loans. I believe that is the definition of a loan
Tomato/ tomahto I guess. To me, financial aid is not something unsubsidized that you have to pay back:(. It is a last resort.
Yes ,those are LOANS. Meaning you have to pay them back, which means you are paying a huge amount for college, you are just paying it later (plus interest). Unsubsidized loans are awful and should be avoided at all costs.
It’s financial aid but when discussing the generosity of a school, it should be x dollars in grants, x in merit, x in loans, and x in cash. Then it’s clear to readers. I’ve seen other posters say their cost was $10,000/year for X school but not include another $10,000 in loans for an actual annual cost of $20k.
@nyu2018spring I’m glad you got good aid and we are not knocking NYU. My younger daughter may apply. But, there are students on here every April complaining that they got in and can’t afford it and that includes this year’s accepted students.
OP should apply but understand the dual risk of not getting admitted and also getting admitted but not enough aid. OP needs a safety that meets academic and financial stats.
It’s a mistake to mislead kids based on anecdote (so and so got what he needed, so you will.) Many of us have watched for years as NYU was selective in who got aid that makes it affordable. That wasn’t some random or isolated year or a fluke. And NYU is not a Meet Full Need college.
On 30k income, there can be next to nothing left for any family contribution. 5.5k 1st year loans, a Pell, etc, can’t make enough dent in a 70k cost (and times 4 years.)
OP can run the Net Price Calculator, on the U’s FA page, see the bottom line.
aren’t they better than subsidized loans? @suzyQ7
Well, good luck to your daughter and I hope she is happy where ever she ends up 
@Sportsman88
That isn’t always true. I know students who’s parents make less than 30k and still attend NYU. It’s all about what that student has over other students. Grades and test scores are an important factor in financial aid (merit scholarships). @lookingforward
"aren’t they better than subsidized loans? "
@nyu2018spring, from your own link, “In short, Direct Subsidized Loans have slightly better terms to help out students with financial need.” Go back and see how it’s explained.
You may know kids who did ok. That’s far from making it universal. It’s not NYU’s policy to help each kid to the max he needs.
By the way, there is also bias in that data that you guys are portraying. Of course, people will complain about not being able to afford to attend NYU. It’s called voluntary response bias. More students who did not receive merit scholarships or financial aid will likely respond to forums such as this one than those who did receive them. This makes it seem as if more students are not receiving financial aid from NYU when, in reality, we do not know at all. All I see are students complaining about why they didn’t receive this much or why they didn’t receive a certain scholarship. Where are those who did receive them? It’s voluntary response bias. More people would rather complain than to go on such forum and boast about their financial aid.
@lookingforward Yes, I see. However they are good in some cases, not all. There is definitely options for those wanting to take out either loans.
@lookingforward “You may know kids who did ok. That’s far from making it universal. It’s not NYU’s policy to help each kid to the max he needs.”
Exactly
@nyu2018spring How can you think unsubsidized loans are better than subsidized?
Student Loans
A low-interest educational loan, the Federal Stafford Loan offers two options:
** Subsidized**. For students with financial need, the subsidized loan ** does not accrue interest and no payments are required while you are enrolled.**
Unsubsidized. For students without financial need, the unsubsidized loan ** does accrue interest while you are enrolled. You can either pay this while you are in school, or defer the interest payments until you graduate.**
The borrowing limits for this loan are:
Freshmen: $5,500 (no more than $3,500 subsidized)
Sophomores: $6,500 (no more than $4,500 subsidized)
Juniors and Seniors: $7,500 (no more than $5,500 subsidized)
Either way- they are LOANS. So if the cost of attendance is 70K and you get 30K of your aid in loans, you have to pay them back. I would not consider that aid - you are still paying (with interest!) the price.
If OP runs the NPC and the college is not affordable, his Plans B and C needs to include colleges that offer a better bottom line.
Taking massive loans, over what the Direct offers, is not good. Some other kids may have different details. Each individual needs to make his or her own wise choices.
NYU has a horrible NPC to boot - it may well expect a family with 30k income to pay 15-22k a year! Run the NPC and you’ll see. But that NPC doesn’t ask for enough information for you to accurately gauge how much you’d get. But all in all NYU doesn’t pretend to meet need. You can check the CDS if you want to see what percentage students get their need met and what percentage of need.
But there are exceptions:
Loans are not aid.
The federal loans (capped at 5.5k for freshman year) represent what a college graduate can reasonably pay back over 10 years.
@billy2shoes :
What do you like about NYU?
Adults here are knowledgeable about colleges that could share NYU’s characteristics but would be 100%need (or offer merit for your stats but for students with your stats and EFC, 100% need colleges are the best bet).
https://www.forbes.com/colleges/new-york-university/
CoA $68,400
60% of students receive aid
Average Grant Aid $28,179
So on average, students are coming up with $40,000 each year whether it is loans or cash to attend.
Is the OP an exceptionally strong candidate in the 99th percentile of NYU applicants with a shot at full ride, or an exceptional hs student and average NYU applicant?
Apply to Brown instead… https://www.forbes.com/sites/zackfriedman/2017/09/20/student-loans-brown/#3257df522b5f
They just made a commitment to graduate students debt free.
That is huge news. We only allowed our D to apply to HPY of Ivies due to stellar aid (she didn’t apply to Yale). She liked Columbia but there was no comparison on NPC with the more generous schools. And I bet Columbia is more affordable than NYU. Of course getting in is step one.
Also, remember that different schools at NYU have different acceptance rates and thus provide different levels of assistance. I think Tandon is rather competitive while the CAS , not as much thus CAS kids get more aid than Tandon or Tisch for example (which rarely get anything)