<p>I filled out my FAFSA and was told that my EFC = $0. What kind of financial aid should I be expecting to receive from NYU? At this point from all I've been hearing, I won't be able to go since I don't want to leave $100,000 dollars in debt. That'd be absolutely horrible because I plan on attending medical school, and it would only add to my growing debt. </p>
<p>Anyone have any solid information on this?</p>
<p>Thanks :)</p>
<p>This may not be what you want to hear, but it is pretty horrible. EVEN if your EFC is 0 you’ll still probably have to pay about 9,000 a semester. If you’re not willing to go through horrible horrible pain, strongwill, dedication in order to get an NYU education, then don’t go.</p>
<p>If you are unsure in any way that this is the right school for you, don’t go, because the money is a HUGE ISSUE. I am one of those people who will be in a lot of debt after four years, and I had to really fight my parents and write a lot of people just to be able to go to this school. But, everyday I go to class, it is honestly worth it–everything I’ve ever wanted and more than I could have dreamed for. So, it’s a personal decision that you really have to consider wisely.</p>
<p>See the thing is, other than the money issue, I would absolutely love to be a part of NYU. When I was doing research on the essays and everything, I was hearing that if you didn’t like the essay questions, then NYU wasn’t the school for you. It’s for people who like challenges and creative things like that. I really enjoyed writing those “essays”. It was a huge relief to not have to write another 500 -800 word essay haha.</p>
<p>But really, I do know that I will be happy at NYU and am a hard worker. 36,000 of loans is something I guess I really have to consider and talk to everyone I know to see if it’s something I’m willing to deal with.</p>
<p>We shall see :)</p>
<p>DO NOT even CONSIDER taking out 36K in loans for 1 year of school. </p>
<p>You really won’t know until you get your FA paper if you are one of the lucky ones getting a big scholarship in addition to pell and other grants and stafford/perkins loans.</p>
<p>If they want you enough, you might be surprised to see a VERY large number as a scholarship amount. We were and we are not a 0 EFC family</p>
<p>Sue in philly, I was thinking more like 36,000 over the four years 
</p>
<p>Oh ok, that’s good news! I feel like my application is good enough to get me into CAS, it’s just hard for me to compare myself to the average NYU student that gets a large scholarship and know how competitive it really is, so I’m curious as to how bad they would really want me.</p>
<p>Can’t wait to see this financial aid package! We’ll see what happens.</p>
<p>does having the money help your chances of acceptance?</p>
<p>^^^NYU is need-blind so I wouldn’t think so.</p>
<p>36000 over 4 years is alot but not out of the question. My son will have slightly less than 30K in subsidized stafford and Perkins loans over 4 years (20,700 thru junior year)</p>
<p>freshman 3500/2400 stafford/perkins
sophomore 4500/2400
junior 5500/2400
senior hoping for 5500/2400</p>
<p>oh ok i see. What kind of scholarships did he get?</p>
<p>He’s in CAS</p>
<p>15K trustee
15K milton and carroll Petrie (not mentioned anywhere on website)</p>
<p>He doesn’t get any Pell grants since we are way over the EFC for that. FYI his SAT combined was 2250. and he’s got a 3.7 GPA thru the halfway point of junior year.</p>
<p>I think the 15K trustee might be a CAS scholarship now. BTW, they increased it by 1K each year w/o us asking. Keeping fingers crossed for year 4. EFC has increased from 11K to 13K over the years…</p>
<p>Ooo I hope it works out for next year! Nice to see that 1k increase :)</p>
<p>I see how things have changed. I’ll do some research on the site to see what kind of scholarships I’m even eligible for.</p>
<p>1 month wait to go until decision/fin aid time Wish me luck!</p>
<p>If I remember, I’ll come back on this post and let you know what happened if you want to know, haha.</p>
<p>Hardly any schools are truly need-blind these days.</p>
<p>For the people we know well, last year, those who did not apply for financial aid were accepted. Those who applied for FA were rejected, even though overall they were much more competitive candidates. Everyone was so surprised…until we found out about the FA part.</p>
<p>So if you can pay full freight (and don’t apply for FA), you do improve your chances.</p>
<p>bonnie419, i am not following your post, what people ae you talking about?</p>
<p>milkandsugar, this thread is about Financial Aid at New York University. I would really love to attend NYU. However, I feel as though since my EFC is 0, and since NYU is said to be horrible at giving students with financial need enough money to want to go, I won’t be able to go. </p>
<p>So this thread is basically about people’s experiences and thoughts and knowledge about this, so I and other prospective students can get a feel for what they should expect.</p>
<p>My EFC was something really high, as in I wouldn’t qualify for gov’t loans nor grants, and i’d be paying the entire tuition out of pocket.</p>
<p>Even with that NYU gave me 10k in a trustee scholarship, plus 4k in work study. so it really depends on what NYU feels like giving you…</p>
<p>Haha I see sansri. Congrats on the scholarship! Hopefully they’re in a good mood when deciding my financial aid :D</p>