<p>OMG. We just got the aid package.. I'm blown away
MY SON CAN GO TO HIS DREAM SCHOOL</p>
<p>Trustee scholarship $15 K
Carroll & Milton Petrie Scholarship $15 K
Work Study 3.3 K
Perkins Loan 2.4 K
Stafford 3.5 K
Plus 9.6K</p>
<p>What is interesting is that my EFC is 12K and not even listed. I don't plan on taking a Plus loan.
The FA office told us that both scholarships are renewable for 4 years. The only thing I might ask to change is to up the perkins loan and decrease the Work Study. We want to see if his summer earnings this year can be applied towards the 07-08 school year.</p>
<p>That's very similar to my aid package.. Almost exactly actually, but our EFC was 4.9k. I got a Gallatin (15k), Petrie (16k), Provost Grant (1k), Work Study (4k), Then loans. Congrats! Sueinphilly, it looks like we beta the odds!</p>
<p>That is great news. Congratulations. Make sure to get in writing the criteria for renewing the scholarship. All too often, schools have very high gpa requirements for renewal of scholarship, and it's a huge blow when you lose the $$. 2 years ago we turned down a scholarship that required a 3.5 gpa for subsequent renewal.</p>
<p>I didn't apply for fin aid b/c NYU has a reputation for being stingy w/it. After seeing the OP's post, I beginning to regret that decision. I got a 20K per year scholarship, but NYU is still going to be expensive. Congrats to your son by the way.</p>
<p>Yes, 3.5 is a lot tougher to maintain in college than in high school - a lot of 4.0 students suddenly find themselves as 3.3 students.</p>
<p>One thing you might want to do is check the grading policies and get a sense of GPA distributions. I don't know about all of NYU, or even all of Stern, but the Finance department grades on a curve - top 10% get As...so you get get a 90 on a test that might end up being a B, or a 70, which ends up being an A (my grad school graded on even a stricter, straight bell curve - and I did get a 70 once that was the second highest grade in the clas...).</p>
<p>They told us that both of the 15K scholarships are for 4 years and he has to maintain a 2.0 (which should not be a problem). I just sent in the deposit money so this is a done deal. </p>
<p>We are still in a happy state of shock. I think what made the difference was his essays. He wrote about never having met his father, how hard I (mom) have worked and that his Uncle graduated from NYU and how he has been coming to NYC since he was a toddler and how much he loves the city. His SAT was 2250 so he's no dummy but he's not a rocket scientist (at least not yet :)</p>