Just how bad is NYU's financial aid?

<p>So Tisch is the best when it comes to financial aid?</p>

<p>idk if it's the best for sure, but from what ive heard, yes.</p>

<p>I applied to Steinhardt and got 10k in the "Steinhardt Scholarship"--but that was the only "free" money I got, which is definitely not close to what I needed. The rest was made up in a variety of loans, including a big portion from my parents, which I felt really bad about.</p>

<p>I called them numerous times trying to get them to give me more--I heard that kind of thing works sometimes. They made it clear to me that they were aware I needed another 10,000 and that they were also well aware they were not meeting my needs or what FAFSA said. After a few calls they basically told me all they could do was get me another thousand or so, and that I was basically on my own. So I'm not too thrilled with NYU's financial aid, no, haha.</p>

<p>Somehow I'm still in love with that school though, and I'm considering attempting to transfer. I didn't get a good scholarship last time, I'm not exactly sure why--I had a good GPA, but I was lacking in the testing department. So I guess if you're smart enough you'll be okay---if not, they don't care. I'm trying to make up for it this year and maybe get some money for next time!</p>

<p>But you might as well apply, you never know. I know firsthand how awful and frustrating it is to get into your dream school and not be able to go. But at least you'll be able to say you got into NYU.</p>

<p>Good Luck!</p>

<p>Yeah, I intend to go to Steinhardt, and yes they'll probably only give me 8-10k.</p>

<p>However, I don't think you should feel bad about the big portion from your parents. Why, because NYU is an excellent school, its worth it. Its not as good as the ivy leagues and doesn't have some of the prestige like UC berkely and so on, so its not the best value.</p>

<p>But consider this, many students go to private schools that cost almost as much as NYU.</p>

<p>However, I must say- what do you plan to do with your career you don't want to be stuck with debt, and you do want money to enjoy the city while there, so its a tough choice, right now Im trying to do things so me and my parents can have money for NYU next year if I go.</p>

<p>Keep this thread alive.</p>

<p>^ mm exactly, right now I'm a theatre major--not exactly the most reliable path as far as money goes. It's a little chancey...so the question is whether to take the plunge or not? Most likely I'd be in debt for a reaaally long time if I chose to go last year...now maybe I could afford 2 or 3 years...</p>

<p>And as far as my parents go, I can't help but feel bad because they have absolutely nothing saved for retirement. My brother and I are the result of a teenage pregnancy and they've already sacrificed so much to send us to private schools from K-12--it's really amazing we're where we are now, considering what happens to most girls that get pregnant at 16. My mom still says to this day that not being able to send me to NYU is something she'll never forgive herself for--they were actually offering to give me a couple thousand more than they give my brother (who goes to in-state public)but I'd have to pay the rest. I guess I'd be looking at like $80,000 in loans of my own for four years there, and although I'm sure there's plenty of people that have done that, I'm not sure I want to--like you said, I want money to enjoy the city and to travel etc., and I'm afraid I wouldn't be able to do that.</p>

<p>Decisions, decisions...
And I thought I'd be done with all this at the end of high school : /</p>

<p>Is the education worth the huge amounts of debt you might take on if you major in Econ.(CAS)?</p>

<p>only you can answer that. just a fyi, stern students use the same career developemnt programs/sites as do the rest of the undergrad nyu population. they don't get special privileges if thats what you are wondering. it's all about internships and experience. you might be a student in tisch with a finance internship, unlikely but possible...and who knows? a few years from now you'll be working at an i-bank. one thing is for sure though, nyc is one of the very few places you can actually do this.</p>

<p>i had to leave NYU due to their poor financial aid. i am not the only one i know either.</p>

<p>i entered as a freshman with a trustee scholarship of $7500. that's it. the rest was a PLUS loan.. they claimed my parents made too much money. um, my father is on disability and my mother works in a retail store? so yeah, we aren't even eligible for PLUS loans because my parents' credit is so bad.. but that is all NYU would offer me. it was really sad, but they made it impossible for me to attend.</p>

<p>i also had a very high GPA, was a double major and a minor in CAS who was graduating in 3 years, plus I was early decision. they just didn't seem to care. i am now not in school at all, as they informed me about the lack of loan eligibility in the late summer before i was due to go back for m soph year. great, right?</p>

<p>oh well. that's my sad tale, although i made out better in the end. i'm off to go study arabic at oxford in 2008. nyu can bite me.</p>

<p>Hi everybody,</p>

<p>I am applying to the Steinhardt School for the Spring 2008. Honestly the stories I am hearing here are not good... LOL I was hoping to land the "teaching for excellence scholarship" which pays for most if not all tuition, but I was told because I am applying for the Spring that I did not qualify for the scholarship. (How ridiculous is that?) My grades are rather average just about a 3.0 but I have pretty strong recommendations and plenty of in field experience and extra curricular activities. I'm applying anyway because like someone said, it is worth a try. I do have backups, but this is where I want to be!</p>

<p>I think sometimes I am crazy for applying to NYU, I mean, I could easily go to a city college for less and finish my credentialing, but I am in LOVE with this program. My undergrad was paid for by Pell grants and Tap so I have no loans, so I would be willing to take on SOME debt, but I cannot see myself going $45,000 into debt paying for the year I have left in Grad school.</p>

<p>I am applying for scholarships everywhere. I am essayed out and tired LOL! At this point I will take anything they give me LOL.</p>

<p>simone_56, nyu bases their aid decision on academic achievement/merit as well. you have to be better than "average." experience and recommendations aren't enough if you don't have the high marks/scores to complement them. sad but true.</p>

<p>NYU is a excellent for a teaching school, I think #14 in the nation.</p>

<p>However, like people have said NYU fin aid can suck. </p>

<p>I am curious to know your backup schools. It is often said that graduate school is more important than undergrad. Having said that going to a great undergrad school can probably get you into a great grad school.</p>

<p>And it looks impressive on resume. Still, I would have some reservations about getting in debt for just teaching school.</p>

<p>Look into what they give you, NYU does need to improve a bit. They have little endowment , and should have more staff dedicated to admissions and advisement.</p>

<p>I have no idea what your backup schools are, however for some people its NYU or Columbia or whatever or a school thats not so great as those, in that case Id go with NYU in a heartbeat or Columbia,etc </p>

<p>You don't want to end up saying, Oh I couldve went to NYU, then again - I have no idea what ur backup choices career goals are going to be.</p>

<p>fOR CC089'S QUESTION, </p>

<p>iF YOU CAN'T Get into a school that's as great as NYU, then I say your fine where you are, but then again what about career choices and grad school.</p>

<p>I think the aid seems almost mildy random. My friend got rejected from Northwestern (his top choice) and accepted with 22000 merit scholarship to NYU. His SAT's were around 2000, maybe lower, and his ACT was a 29. He was ranked number 3 in our class though. I don't know his intended major. He's a pretty cool fella.</p>

<p>i doubt he receive that much if his sat score was lower than 2000. was he a gallatin applicant? because im pretty certain he would never receive that much merit from stern, and from cas is rare too.</p>

<p>Random is how I would describe the financial aid at this school. I had a friend whose grades were worse than mine in the same field and got full tuition paid there. Admissions criteria is not so easily set to grades/merit/stats anymore. Its whether the committee likes you and thinks you will be an asset to the school... and will you be able to pay for the education your getting. In other words.. GET YOUR INTANGIBLES IN ORDER!</p>

<p>That is why I say that no matter what anyone says APPLY ANYWAY! If NYU is for you than it is FOR YOU.</p>

<p>you also have to consider the family's reported income...that's obviously their most important piece of criteria they base your aid on</p>

<p>simone_56:</p>

<p>
[quote]
Random is how I would describe the financial aid at this school.

[/quote]
</p>

<p>I heartily concur. People here on the NYU CC forum, including me, have hit the financial aid jackpot: almost-full, full, and beyond-full tuition-paid scholarships. I don't know if any of us can give an absolutely certain reason why. I had very good numbers, but not much else.</p>

<p>As an aside, my dad's theory is that NYU gives out its big scholarships based on their guesses as to who will eventually give back to the school. I have no idea how my dad thinks the adcom goes about making their guesses. :)</p>

<p>adcoms aren't the ones giving out the aid</p>

<p>Err, I don't know why biggyboy keeps making it sound like it's impossible to get a scholarship in Stern. I did, and it met pretty much all of my financial need according to FAFSA. </p>

<p>Of course, if you really can't afford to pay more than ~6k a year for school, I think there's a good chance NYU might not come through for you. If it's really a school you're set on, though, it's always worth a try!</p>

<p>? i'm not trying to make it sound like that it's just that some people do not realize scholarships are based on more than just need alone..unlike many other popular private universities</p>