<p>Well, NYU was her first choice at times and at other times, she did not even have it on her application list.</p>
<p>I think my EFC back in the day was something like $23k; got a $16k Stern scholarship (later got split into a $6k Stern scholarship, $10k alumni donor scholarship), then had ~$7k in outside scholarships. As long as you don't expect NYU to cover everything, it's not so bad...</p>
<p>Wait so some of you guys already received your financial aid packages? I got into NYU but haven't received the package yet.</p>
<p>NYU was very generous to me this year. Everything will be paid for minus about 11,000 in loans. It will probably drastically decrease next year, but I'm grateful for now.</p>
<p>Well, I mean, it's so retarded how people expect these big time institutions to cover ALL their costs. I mean, haven't you ever heard of a job? Even 40k in loans over 4 years isn't that bad, considering the fact that a 20 hour a week job can pay over 20k a year.</p>
<p>^^ some people want to go to a great school but they just can't afford it. I don't think you should take that attitude.</p>
<p>"considering the fact that a 20 hour a week job can pay over 20k a year."</p>
<p>Not after taxes and SS - and certainly not after living expenses. (Most part-time jobs do not pay that well, either.)</p>
<p>Unless you've held a large loan, it's difficult to understand what kind of burden it can be. NYU is well known for providing "loans" as financial aid, asd though a family with an EFC of $14,000 can afford to repay such a large sum. While certainly loans should be part of the package, they should not place an undue burden on the student and her family.</p>
<p>I readily accept that, for most, college is paid for by past earnings (savings), current earnings, and future earnings (loans). But the loan amount cannot be so out of line with the ability to pay, which is heavily influenced by basic expenses of life. My husband, I, and our younger child cannot afford the loans that NYU is "offering" and neither can the daughter accepted there.</p>
<p>Did the financial aid packet come with the acceptance packet??</p>
<p>That's when we got it.</p>
<p>The biggest influencing factor on your financial situation is what you're going to be doing after college. If you're going to be making 140k on wall street the year after you graduate, 40k in loans isn't such a big deal anymore.</p>
<p>But how will you know if you'll get paid that much? It's one thing to aim high and quite another to count on being that successful.</p>
<p>I received a financial aid package before my acceptance letter, I had to just assume I got in. It stated I was receiving a scholarship for $2,500 per semester. I then emailed the HEOP office and found out I was supposed to receive an additional stipend and monies so they would have to repackage my FA as a HEOP student, but the day following the email I had already received a second letter. This letter advising that as a CCTOP student I would get an annual $8,000 scholarship (not 2,500 per semester) but that it also had a second component based on financial need and it could be up to $12,000 annual, they stated I should receive it in two weeks. I heard they were bad with the FA but at this point, im just confused about what I'm supposed to be getting or rather what they want to give me....... I guess to be continued....</p>
<p>What is financial aid at NYU if you're broke (ex: EFC of $90)? I'm looking at the spring in New York program, but can't go without money obviously.</p>
<p>And just to chime in, USC expects me to pay, without loans, $1203 a year, or 1300% of my EFC. With paying loans, its about 5800% of my efc.</p>
<p>Are you sure your EFC is $90, bmambs2? Don't the calculation allocate about $1500 for summer earnings regardless of other income or assets? And I wouldn't worry about percentages with that low of a number - those aren't really meaningful. If you can keep your costs to a few thousand a year and finance them with loans, you'll graduate with a very manageable amount of debt.</p>
<p>From what other members are posting, it sounds like NYU doesn't meet 100% of need (unless you count PLUS loans or similar), so your aid package is likely to depend on whether you qualify for special merit scholarships or fall into some other desirable category that they are willing to subsidize.</p>
<p>I'm pretty sure the multiple of EFC is insignificant with an EFC of 90 (1300% of 90 is still a hell of a bargain). I also agree that its an incorrect EFC, I was poor as hell and still had about a 10k EFC. I've never seen NYU give out more than 25k in non-loan based aid, and you need incredibly good stats to get that (their aid is based on Need and Merit, just being poor won't necessarily help you)</p>
<p>Clarification:</p>
<p>I'm asking about spring in new york. I already go to USC, where the need-based grant I get is more than full tuition, and free money totals over 40K</p>
<p>My EFC is 90, I did the FAFSA myself.</p>
<p>It sounds like there are a lot of socialists on this forum. I understand people have difficulty paying, but not everything can be offered to people just because they do not have as much money.</p>
<p>i got offered 15k stern scholarship, 4k workstudy, and the rest in loans, which is about 31k. people tell me that's actually pretty good.
btw, how do you apply for a state grant? or the federal pell grant?</p>
<p>Rellims3, you are an over-privileged douche, and I hope you rescind your acceptance, we don't need another one of you at Stern.</p>
<p>Just because your parents are richer, you deserve a better education? bullcrap, with an attitude like yours, you deserve nothing.</p>