<p>Hey guys, i know this question is gonna annoy you but i need to get the basics. I have a us passport but im from cyprus so im not familiar with how financial aid works.</p>
<p>Who's is eligible for financial aid? depends on your income?</p>
<p>The net-net is this; are you a US citizen or permanent resident. If yes, then you are eligible for federal aid. If no, then you are an international student for financial aid purposes. Also keep in mind that if you are attending school outside of the US, that some schools will place you in the international pool of applicants even if you are a citizen or permanent resident (they will just be need blind toward you)</p>
<p>I’ve seen you ask about Stern so let’s start there. NYU is one of the worst possible schools for getting any aid at all. Many graduate with huge debt. Unless you have Harvard level stats expect to receive very little there no matter what your Family’s income is. </p>
<p>If a school meets 100% of need, and those that do are top schools, yes, aid is given based on income.</p>
<p>There is also merit aid that many schools offer. That money primarily goes to the students with very high stats for the school.</p>
<p>Federal money is available at almost all schools. This includes Pell Grants for the very low income, Federal student loans and work study.</p>
<p>@sybbie719 THANKS! yes i am a us citizen. so that financial aid form, everybody has to complete and send it? and i guess then according to your financial status you receive aid accordingly?</p>
<p>@waverly yes stern is my first choice!i’ve notice you’ve been helping me out with all my questions, appreciate that;p well, my parents made it clear that they are willing to pay for the best education possible for me, so that includes stern so im not expecting anything from them, just want to get in ;p
thanks for all the info!</p>
<p>No, your parents are first in line when it comes to paying for your education. Financial aid is based on the premise that the cost of attendance - the expected family contribution ( income + assets from both the parent + student) = demonstrated need. </p>
<p>Keep unmindful that most schools do not meet 100 % demonstrated need. In situations where your need is not met, it is up to the family to work it out. When it comes to meeting need loans are part of your financial aid package.</p>
<p>THANKS sybbie719 !:D</p>