<p>So i was very recently accepted to NYU (my top choice) with a very generous scholarship of $45,000. This still leaves me with around $15,000 that i would have to get loans for (my parents can't pay very much). Now i know NYU is notoriously stingy with financial aid so im wondering if sending a letter with the hopes of maybe getting another thousand or two would be pushing it?</p>
<p>Of course you should give it a go. Give it a try. But, more importantly, you had better, start looking for other ways to meet the gap too. If your parents can’t help, and the money’s not there, that’s a huge gap, and you are talking about X4. It’s not a one time thing you have to do here, scraping up the money. You know you can borrow $5500 as a freshman, but beyond that your parents have to sign on the line too, and if they have financial issues, putting more of a financial burden on them is not what you should be doing. You should sit down and discuss exactly where they are in terms of being able to help you, and cosigning loans because they have nothing is not the way to go. You should also be looking for a job now, for the summer and then for during the school year to make up some of the gap. </p>
<p>@cptofthehouse thank you for your reply. My parents can pay around 5 thousand a year, and i have a couple other outside scholarships coming in, so the $15k is totally doable for me. But i’d still like to see if i can drop that price at all. So you think i should definitely appeal?</p>
<p>Sloth…yes…The worst that can happen is they say NO.</p>
<p>@thumper1 So in the letter i should tell them i got a better offer from GWU (I did) but i still want to go to NYU as it is my top choice (it is)? Should i include exactly how much gwu is offering? should i email, send a physical letter, call, etc…?</p>
<p>I was responding to ANOTHER thread…ooops. I’ve corrected my post.</p>
<p>If you want NYU to consider your award from GWU, then you will likely have to provide NYU with that award.</p>
<p>Contact NYU and ask about how this can be reconsidered. </p>
<p>But really, the award you GOT from NYU is a generous one…from NYU. So have your back up plan all set.</p>
<p>Also, you don’t say what your FAFSA EFC was, but NYU will NOT provide need based aid to cover THAT amount.</p>
<p>You can tell them that NYU is your top choice but with finances tight at your house, the better offer from GWU has to be considered, and can they possibly work with you on this, in that your so want to make this work. They will ask the relevant questions and ask for the letter, etc when they are focused on the case. Just sending things right now is chancing they get lost in the big hub bub going on. Do call admissions, the adcom who admitted you, thank the person, tell them what I just was writing, and ask for their advice and assistance in approaching fin aid with this situation. If they cannot offer you any help, not even a name or number, move right on over to fin aid to discuss with them directly.</p>
<p>Ok thanks! both of you!</p>
<p>""have a couple other outside scholarships coming in, “”</p>
<p>Are those multi-year awards or one-time only? If one-time only then you’ll be short for years 2, 3, 4.</p>
<p>@mom2collegekids one time only, but ive taken that into account. NYU is financially feasible for me, im just wondering if its worth getting them to drop the price by maybe a thousand. </p>
<p>Sloth…what is your family EFC? NYU will not award you need based aid to cover your EFC. If that $15,000 balance IS your EFC, you have more than an uphill battle to get additional funds from NYU.</p>
<p>Your $45,000 award is a very generous one from NYU, which does NOT guarantee to meet full need.</p>
<p>@thumper1 my efc is 7700</p>
<p>OK…just a couple of additional thoughts…NYU uses the CSS Profile. They use a portion of home equity in their calculations. Also, if anyone is self employed or owns a business, that would impact their calculation for need based aid.</p>
<p>And NYU doesn’t meet full need for all.</p>
<p>By all means, contact them, but please have an alternate plan in case they say NO.</p>