<p>For a total of $48,763, the full cost to the dollar.</p>
<p>It's still a decent amount of loans (52,000 over four years), but I'll be able to make a good amount during summer and I expect some outside scholarships. I am amazed, because so many people seem to have gotten jipped.</p>
<p>I only got $4,100 Gallatin scholarship :( . Oh well, according to NYU's website only 10% actually get merit aid so I should consider myself lucky. You must have been awesome to get 15,000!</p>
<p>I'm glad you're happy and this is a decent package for NYU, but I hope you recognize that with an EFC of $4900, they expect you to take out nearly $13,000 of loans plus do $4000 of work. In other words, they are expecting a family contribution that is far above what FAFSA pinned as the expected family contribution.</p>
<p>When d got her award from NYU, the sheet also showed that it added up to the full cost of attendance. But then we saw that the actual (not loan) aid left a gap to be paid that was far above the EFC.</p>
<p>That said, you did really well in the NYU universe of financial aid - so many congrats!</p>
<p>I'm not 'awesome' really. I have a 3.4 GPA and a 31 ACT, good EC's (leadership), amazing essay... I'm thinking it was the essay (about my adoption from Detroit due to drug addict parents) and my geographic diversity (Wisconsin) that got me in, really. I'm not sure why I got such an amazing scholarship though.. I'm okay with the loans. It'll be hard to pay back, but it's worth it for NYU!</p>
<p>You're right about it being worth it for the loans. I work now 20hrs a week and I average 17k a year. So that would be no problem to pay back say I would work for the same company later on.</p>
<p>So with a projected salary of 34K for full time work, you think it would "no problem" to pay back over $50,000 of loans? How much money do you think you'll need to pay rent, utilities, the food bill, commuting costs, dry cleaning and buying clothes, etc.? After you pay that, how much would go to the student loan payment.</p>
<p>Part of the acceptance package is a blue folder with the financial aid offer letter at the front. You didn't get a blue folder "Financial Aid Guide 2007-2008"?</p>
<p>The Petrie is for "people who have faced adversity and persevered." My parents were drug addicts, and I was taken away to live and eventually be adopted by my aunt and uncle when I was seven. I wrote my essay on my experience.</p>
<p>Yes, we would be, too. But that's because the EFC remaining would be about our EFC. In the OP's case, the expected contribution is a lot more than the FAFSA EFC. It illustrates NYU's tendency to "gap" the EFC. However, as I noted in another post, this is really good $ from NYU and the OP should be pleased.</p>
<p>does anyone know if the Tisch scholarship, and J. Eckhouse scholarship are renewable? Does anyone know what the J. Eckhouse scholarship is awarded for? Also, congrats Idealistic32, I also received a very generous package, but aren't you worried that it will significantly decline during the remaining 3 years? That is my #1 worry. I will be able to pay it this year, but what about next year? I'd really hate to have to transfer.</p>
<p>My 15,000 renewable and my 16,000 renewable are guaranteed to stay put for four years. The most my aid could decline would be by about 5,000, not enough to worry me to a huge degree.</p>