<p>If my taxable income is 30k a year....(considered "low income" by federal standards) then will I get any financial aid at NYU? Because I know the only way I would ever be able to go would be if I got very nice aid (full ride or almost full ride) </p>
<p>Does NYU give need based aid?</p>
<p>Thanks</p>
<p>Dude, I don't mean to sound mean or anything, but its IMPOSSIBLE. LITERALLY IMPOSSIBLE to get a full ride or almost full ride scholarship to NYU, regardless of need. They just don't have the money to give out. If you want to go to NYU, be prepared to take out ALOT and I mean ALOT of loans. My friend Louis was totally broke. His income was less than 20K a year because his mom got laid off and NYU only gave him 5,000 bucks, and the rest in work study and loans. It's gonna be a huge financial burden for me to go to NYU, but thats the price you pay for the #1 Dream School in the US I guess.</p>
<p>Full ride merit scholarships do not exist at NYU - the CAS merit scholarship maxes out at $25k/year. However, if you can make up the difference with other scholarships or financial aid, then you can get your full ride, assuming you get merit scholarships from NYU.</p>
<p>Like andy4music said, NYU's aid isn't very good. If I were you, I'd apply anyway and make the best case I could for aid. Good luck. :D</p>
<p>30K income? Here's my guestimate:
Out of 47,000 Tuition+Room and Board
NYU will give 7000 need based grant
around 3000~6000 Federal Loans</p>
<p>and *$30000 PLUS Loan *</p>
<p>Welcome to six-figure debt!</p>
<p>I had a very good friend who was accepted to Tisch. He was on full scholarship at a prep school, qualified for fee waivers, etc. His family's taxable income was $40000 and he had 4 siblings. He essentially got the package merumemerume described. </p>
<p>Best of luck.</p>
<p>If you go to Stern though, it shouldn't take that long to pay back the loans.</p>
<p>wow. I would have thought at least the need based kids would get aid. I thought only the middle class/upper class kids got screwed :)</p>
<p>I guess Michigan-Ross is my number one choice then. Can't beat good financial aid + instate tuition.</p>
<p>Thanks for all your help.</p>
<p>CoreyS, I think that is a HUGE assumption that far too many people make.</p>
<p>If you do WELL in school, it is a reasonable assupmtion. If you go stern party, and graduate with a 3.3 it probably wasn't worth it.</p>
<p>i managed to get a 20k scholarship from stern, with 50k taxable income</p>
<p>nyu does give a full ride if you're intel semi finalist (or is it finalist? whatever the top 40 people are called)</p>
<p>I don't think NYU is THAT bad with financial aid. I think people exagurate too much. NYU gave me around 7,000 free money, plus a nice work study. That is ofcourse in relation to 3,000 free money from Boston College, and 7,500 from Brandeis.</p>
<p>im in touch with a current NYU student--get this--in a letter, Univ. President Sexton said that the 5% hike in tuition was to maintain the elite image of the school. </p>
<p>So i guess you really ARE paying for a name...</p>
<p>i kind of think the massive loans are intentional. maybe they WANT you to learn to juggle a crazy amount of things at once, including debt.</p>
<p>Or maybe they just have close ties with the banks that fund them? Take a gander at the rate/size of BU's loans, and how many graduates they place at the same banks.</p>
<p>I had 26,000 per year income and got about 13000 in free financial aid. The rest will be loans.</p>
<p>I don't know, supposedly this girl at my school got a full ride. I don't really believe her though...</p>
<p>what about sports students?</p>
<p>NYU? Sports? Ha.</p>
<p>Well, I figured that NYU might be interested in building up their sports teams (and therefore would give bigger scholarships to those people) but I guess not? it doesn't matter to me, I was just curious</p>
<p>NYU doesn't give out athletic scholarships.</p>
<p>matt1288, I received this letter as well (from Sexton) and that is not what he said at all.</p>
<p>Here is the relevant portion from Sexton's email (about "elite schools"):</p>
<p>There is no doubt that the cost of an NYU education is high; and, though the increase we are announcing is likely to be consistent with the increases announced at other elite private universities (in recent years, our tuition increases have proved to be at or a little below the median for our peer group), there is no doubt that this increase will create pressure on our students. Again, we have tried to strike a balance: a greater tuition increase to fund advances beyond those listed below would be too onerous; a lesser increase would impose unacceptable restrictions on expenditures necessary for academic excellence. We are heartened that, despite our high tuition, an NYU education is among the most attractive in the world. And, we will use some of the resources provided by the tuition increase to provide additional financial aid to ameliorate the effect of this increase on our neediest students (specifically, we will increase financial aid by six percent, or $12 million).</p>
<p>The letter is quite long and goes into more detail on the vision for the university's future, etc.</p>