<p>Is NYU's financial aid as bad as everyone says? Basically, I'm broke, and will rely almost entirely on some form of financial aid to attend wherever I transfer. If I'm unable to get 100% of my need met, I won't be able to attend. That said, is there even any point in applying?</p>
<p>Thanks.</p>
<p>That all depends on how willing you would be to take out loans. NYU was pretty good in funding my tuition costs, but for room and board, unless you can room with a friend or something, you'll have to take out loans for.</p>
<p>I had the same issue, My big problem was the tuition, I guess I might just take out loans for the room and board.</p>
<p>What kind of loans were you guys offered, parent PLUS loans? Just b/c I doubt my parents will sign for me, and my credit sucks. I'm willing to take out loans, but only ones I can get...</p>
<p>I received 31k per year in scholarships, so no, NYU's aid doesn't always suck. My stats weren't even that wonderful.</p>
<p>Good luck!</p>
<p>I do have to take out the rest in loans, as my parents are broke, but it's definitely better than taking out the full cost in loans like some people.</p>
<p>Yea, but on the other hand, some other institutions (if your parents are broke enough) would be willing to offer considerably more (around 42K a year) in scholarships alone. Try to apply to some schools with a big endowment just as a financial safety school.</p>
<p>I seriously doubt there are any schools with the big endowments that guarentee scholarships that could be considered "safety schools."</p>
<p>Rather than try to cherry-pick for schools that you think will give you lots of money, you're better off applying to a wide spread of schools and seeing how the financial aid chips fall. My application to NYU was sort of an accident, and they surprised me and my family with a big scholarship. I chose NYU, and I haven't regretted it.</p>
<p>Well, my safety is the University of Washington, as I'm in-state. (I think tuition is like 6k for the year) So it's both a safety admissions-wise, as well as financially. I agree it's wise to apply to a wide spread of schools and see what happens w/ the fin. aid packages, b/c it's true, you just never know. The thing w/ NYU is that even a good scholarship would leave a lot to be borrowed. For instance, even if I got 31k in scholarships/grants, that would still leave 19k a year to be borrowed. Borrowing 19k/year would require private loans, and since my credit sucks and my parents won't sign for me, that's not an option. So I guess I'm s*** out of luck. I'm also planning on law school; so even if it were an option, there's not much point to racking up a bunch of debt if I can get an UG education of the same caliber w/out doing so. All things considered, I think I've decided to pass on NYU for now. Does this make sense? Anyone have any reasons why I should still apply?</p>
<p>Thanks for all your input</p>
<p>You're not receiving 31K in scholarships/grants, trust me.</p>
<p>I didn't receive a single penny in aid. Keep in mind I don't consider "loans" to be aid.</p>
<p>~$200,000 for a diploma, yummy.</p>
<p>I wonder when firewalker will say anything good about NYU.</p>
<p>Care to point out where I made a value judgment in the aforementioned statement?</p>
<p>FYI, my son did receive 30K in scholarships from NYU. It is good for 4 years. The rest is a perkins and stafford loan and my contribution. I am paying out of pocket about $13000 this year.</p>
<p>Sueinphilly, did your son apply for regular need-based financial aid and receive aid for need-based, or was it from the scholars program? I'm curious because I've heard that NYU doesn't offer enough need-based scholarship, but if you're lucky enough to be selected for the Scholars program, the scholarship is 25,000. I'm wondering because I'm hoping to receive need based financial aid or any aid in general, as it will determine whether or not I will be able to attend NYU.</p>
<p>with NYU you don't apply for scholarships in a special way. I just did my fafsa and indicated that we wanted financial aid. I think these were both need and merit based, and he doesn't have to maintain a really high GPA to keep them (only a 2.0). that is unlike the Presidential Scholarship which is not what my son received. His awards are for 4 years (unless I hit the lotto)</p>
<p>My son got a 15K trustee scholarship
<a href="http://cas.nyu.edu/object/bulletin0608.ug.financialaid.html%5B/url%5D">http://cas.nyu.edu/object/bulletin0608.ug.financialaid.html</a></p>
<p>Trustees Scholars. A program of Trustees Scholarships was established in 1983 in order to recognize the exceptional promise of new freshman and transfer students who meet special academic criteria: outstanding high school/college grade point averages and SAT scores. Each scholar receives generous scholarship aid and is invited to participate in a series of special lectures and other events.</p>
<p>and a 15K Carroll and Milton Petrie Scholarship <a href="http://www.nyu.edu/nyutoday/archives/16/02/Stories/Petrie.html%5B/url%5D">http://www.nyu.edu/nyutoday/archives/16/02/Stories/Petrie.html</a></p>
<p>not sure exactly what my son's 'hardship' is. He never met his father and is a first gen college student (I never went). I guess that is 'something' of a hardship</p>
<p>he was invited to select a Freshman Honors Seminar this fall. The one he is taking is a 4 credit class called "what makes a great leader". There was a big list to choose from <a href="http://cas.nyu.edu/object/ug.academicprograms.honorsfall2007%5B/url%5D">http://cas.nyu.edu/object/ug.academicprograms.honorsfall2007</a></p>
<p>He did have amazing test scores. 790 M, 740 V 720 W
He was in the top 20% of his HS, but it was a magnet school with almost all the kids being really smart. </p>
<p>There is no way on the planet my son could be at NYU without these scholarships. I cried when I saw the award letter in the mail. I'm still paying an EFC of 12K and then some for him to be at NYU (and his perkins (2400) and Stafford loans (3500), no Pell grant I make too much money)</p>
<p>Apply and see what happens, you have nothing to lose but the application fee</p>
<p>for those who were wondering, if you are in NYU housing or not, your financial aid isn't affected. it is only based on tuition costs and your income. i was a bit surprised to barely receive anything from nyu in aid (just a stern scholarship of $6K). they offered me a plus loan of around 17K+ per semester, of which my parents took half. i also received a stafford loan of $4500. also, it doesn't matter if you are a transfer student, there is no such thing as 'limited funds available' as in some other schools. because of the loans i am taking out, i do not dorm. luckily i live in nyc so i have the option of staying home. if you feel you rather not spend $10-16K for a piece of **** dorm room, i'd suggest renting a place with a few people in either brooklyn or queens, as there are plenty good neighborhoods outside of manhattan. the average commute would be 25-40 minutes depending on what you choose. luckily, nyu's greenwich village location is easily accessible by a myriad of subway lines. good luck with your financing problems.</p>
<p>There have been many, many threads regarding financial aid at NYU. It's good to get some up-to-date info. from new students, but the majority of the facts remain the same.
I would say that most of it depends on what school you go into. C.A.S probably won't have as much aid to give as, say, Tisch. I don't know why exaclty. Maybe because the process to get in is different, smaller school, etc. I know C.A.S students who didn't get a dime of aid. On the other hand, I got a good $30,000 + from tisch which I am very, very thankful for</p>
<p>then again, a stern student would probably receive more scholarship aid in cas, than from stern.</p>
<p>how would he be a stern student if he were in C.A.S?</p>
<p>Yeah, I got about $42,000 in grants and scholarships (I'm in drama at Tisch). It just goes to show that NYU tries as best as it can based on everyone's different financial situation and it's limited resources. I got basically full scholarships everywhere else I got in, but that's because they all had huge endowments. But also I'm going to double major with Arabic and Middle Eastern studies, which comes with a 4,000 SMART grant junior and senior year. Get it.</p>
<p>yup tisch is the bomb. Except I know kids who didn't get half of that.</p>