<p>@billcsho, that is one school policy at one high school, not the high school the OP attends. So you really have no idea what the OP’s GC will do in this situation or if they have the same policy.</p>
<p>@intparent
Didn’t I say it is for my D’s high school? I think I have made it clear already. LOL.</p>
<p>I don’t understand why it would affect my high school reputation. And it was a mistake because I didn’t know much about applying to college. I think saying it was a failure is harsh to someone who is only 17 and asking responsibilities to make a life choice. A life choice that will affect my entire life of student debt and bad credit score.
Although I am breaking a ED agreement, NYU can’t say anything about the fact that I CAN’T AFFORD IT. Plus, I’ve already decided to apply to another school through rolling admission.
is there anything to reprimand me about?</p>
<p>When did you receive NYU’s financial aid offer? How long did it take for them to give it after you completed all of the financial aid application paperwork?</p>
<p>I received the official financial aid package this week. That’s why I’ve waited this long because after I had filed FAFSA, it would have changed. Indeed, it did change, but it changed for the worse because they increased the amount of loans.</p>
<p>Is the offer significantly worse than the estimate that you saw when you ran NYU’s net price calculator before you applied?</p>
<p>Yes because I did not receive grant or scholarship.</p>
<p>Did the differences between the information you put in the net price calculator and on the actual financial aid application account for the change in the financial aid offer relative to the net price calculator estimate?</p>
<p>no</p>
<p>Wondering if you sent in the documentation for your FA package late… this is very late to be getting the FA package you are supposed to have to get your ED decision. All of this usually takes place in January/February at the latest. Did your parents delay in getting the paperwork to NYU?</p>
<p>No. My parents turned in the paperwork on time. I was with my parents when they filed it and sent it.</p>
<p>If NYU gave you a much worse financial aid offer than its net price calculator estimated using similar financial information, then there is less likely to be an ethical objection to backing out of ED in this case.</p>
<p>Not sure about whether NYU would blackball your high school in this case, although given its financial aid reputation, blackballing your high school might save future students there from the heartbreak of NYU financial aid offers (but it would be better if they did not waste their time and money applying in the first place).</p>
<p>I was under the impression that ED students got their FA paperwork fairly early in the process. You have to turn stuff in early at most schools when you apply ED, and in turn they return your FA results pretty quickly.</p>
<p>The financial aid awarded at time of ED acceptance is estimated based on figures from the previous year, and can go up or down based on the final version of the paperwork submitted by the family. So yes, it is entirely possible for the finalized aid package to slip from barely affordable to unaffordable.</p>
<p>The OP should kick NYU to the curb and not feel one bit guilty about it.</p>
<p>Since it is a FAFSA school, it may take longer as the deadline for FAFSA submission is much later (compared to CSS profile for ED/EA). So that is understandable. You should contact NYU immediately about your financial problem to see if they can re-examine your FA package. If not, you can tell ask them to release you from ED due to a financial reason. Once you got released from ED, your GC should have no problem at all in handling your other school applications.</p>
<p>I believe NYU is a CSS/Profile school.</p>
<p>^ I just read his response again. It is a profile school but the FA package was revised after FAFSA submission. In other words, there are some mismatches between FAFSA and CSS profile submission. Still, OP should contact NYU and tell them the problem and see if they can release him from ED for that reason. This situation is different from holding onto other applications to compare financial aids from other schools as the financial aid package was revised recently.</p>
<p>Looks like this student did not understand NYU’s ED policies and should not have applied ED to NYU.</p>
<p>Note that NYU states on its website that “Students will only be released from the Early Decision agreement if their estimated financial aid package does not enable them to attend.” Applicants will receive an estimated financial aid package with their ED acceptance. If you want out of ED, your only time to tell them is when you get the estimated financial aid package at the time of acceptance.</p>
<p>From <a href=“First-Year Applicants”>First-Year Applicants; :</p>
<p>Early Decision and Financial Aid
NYU uses the same methodology in providing financial aid for Early Decision candidates as we do in providing financial aid for Regular Decision candidates. Students are not offered more or less financial aid based on when they apply for admission.</p>
<p>For Early Decision candidates, we use information students share with us via the CSS Profile application, administered by the College Board, to provide admitted students with an estimated financial aid package with their admissions decision. Students who are admitted during ED I must follow up by submitting the Free Application for Federal Student Aid (FAFSA) to be provided with their official financial aid award in late April.</p>
<p>Students will only be released from the Early Decision agreement if their estimated financial aid package does not enable them to attend. Students must be aware that applying Early Decision will not enable them to compare financial aid packages from other universities. If comparing financial aid packages will be necessary for a student, the student should apply under our Regular Decision program. NYU will still reserve the majority of our admission offers for students applying for Regular Decision, so students should not feel pressure to apply Early Decision if finances are of concern.</p>
<p>OP suggests that NYU revised the FA package after that estimated financial package–if they did, and it was substantially worse, it’s certainly worth approaching NYU to request release now. Get the GC’s help.</p>
<p>I’m curious, OP … If the FA package were miraculously improved, would you still object to going to NYU? Or is it something else at this point?</p>