<p>Can someone run me down on how NYU does ED?</p>
<p>If you get in on ED, are you immediately bound to NYU and are unable to withdraw?</p>
<p>I assume getting rejected on ED does not put you in the RD pool.</p>
<p>After getting accepted, are you henceforth unable to negotiate further financial aid?</p>
<p>Accepted to Steinhardt! </p>
<p>GPA (unweighted): 3.7
ACT: 28
Essay topic: Bisexuals with Bipolar II Disorder
Demographic: Middle class Caucasian, 1st generation student, Louisiana resident</p>
<p>I feel like such an underdog, you guys have amazing scores but sill got rejected, I’m really sorry! I was super surprised at my acceptance letter, it brought me to tears. NYU has been my absolute dream school since birth. Seriously. The only problem now is affording it. They offered me about $40,000 in aid, and then $20,000 in loans per year. I’m not really sure if having $80,000 worth of debit after graduation is going to be worth it, though. I know NYU is an amazing university, but they are absolutely the worst when it comes to financial aid. :(</p>
<p>I’m surprised so many people are talking about finances and withdrawing from NYU ED… You guys realize that ED is BINDING right? I mean that is part of the agreement in applying ED… And you take the chance of not getting all your finances when you do ED.</p>
<p>The only way to withdraw ED is to seriously show you can’t afford it no matter what. To the person above me, 40k is REALLY good for a school like NYU which never gives much aid. And then they are also giving you loans so therefore you have to take it… I’m surprised you would apply ED without knowing if you can afford it…</p>
<p>And lastly, if you somehow do get out of the binding agreement, you ruin the chances of admission for your upcoming high school classes. Schools remember the reputation of high schools and getting out of ED is a big rep killer. This is because you’re counselors are supposed to make sure you fully understand what it means to apply ED.</p>
<p>To the person above me,</p>
<p>I do hope you understand how the world of loans and such works. Yes, $40K is an amazing offer considering the average NYU package, but so is $80K in loans that not only I, but my mother will have to pay for. There is no possible way for my mom to qualify for a $20,000 PLUS loan (which is what NYU is requesting from me). She is a single (disabled) parent with no source of income other than SSI. </p>
<p>I applied for NYU ED II fully aware of the implications. Decisions like these are not made on the fly, I can assure you I thought it out and was fully informed by my school counselors. I knew that if my package was not high enough, I would be able to back out of the agreement because of my financial situation.</p>
<p>And lastly, your final statement is completely false. There have been quite a few students at my high school to apply to NYU (early decision I, II, etc) and back out because of lack of aid. I still got accepted, which proves that my school’s rep has in fact not been compromised and that your statement is quite false. I would very disappointed in NYU for judging the whole of a school based on the decisions of only a small pool of students.</p>
<p>“You guys realize that ED is BINDING right? I mean that is part of the agreement in applying ED.”</p>
<p>Here is the wording of the agreement:
</p>
<p><a href=“https://www.commonapp.org/CommonApp/docs/downloadforms/ED_Agreement.pdf[/url]”>https://www.commonapp.org/CommonApp/docs/downloadforms/ED_Agreement.pdf</a></p>
<p>This means that if the offer is not enough to support attendance (the family decides), you tell the school thanks but no thanks, and apply elsewhere RD.</p>
<p>This may be of interest:</p>
<p>[Youre</a> In. Can You Back Out? - New York Times](<a href=“http://www.nytimes.com/2007/11/04/education/edlife/strategy.html]Youre”>You’re In. Can You Back Out? - The New York Times)</p>
<p>From the above:
</p>
<p>Barbara Hall, associate provost at New York University, will also set unhappy students free. “They are, after all, 17 years old,” she says. “This is not a legal agreement they have signed. If a student says to us, ‘This is really where I thought I wanted to be, but I can’t see myself there now,’ we release the student. It doesn’t make sense to have students who don’t want to be here.”</p>
<p>As much as Ms. Hall’s comment makes sense, if all schools followed this line of logic, ED would be turned on it’s head and would probably be eliminated in the long run.</p>
<p>^ ED works reasonably well because after accepting the financial aid offer (if any), few students change their minds. :)</p>
<p>I have a question, since I will most likely decline admission because of my financial status, will this completely ruin my chances of getting accepted to NYU’s graduate school?</p>
<p>Please let us know what NYU’s response is when you decline. I’m curious to know…</p>
<p>Did anyone else get their accepted student packet yet? Mine came yesterday!</p>
<p>@wildox: I just got mine today! 
Very exciting! I’m still waiting on my financial aid though…</p>
<p>Not sure what NYU’s response to declining would be (I haven’t declined yet, still trying to sort out financial aid), but my friends who did ED have had to decline other schools. It’s not a big deal. And it especially won’t matter to NYU, seeing as they have so many applicants and can just pull people off the wait list and get on with it. I’m sure it happens all the time since they’re not the greatest with their financial aid.</p>
<p>Good luck with the financial aid SammyFearless!! Hope you can make it work. :)</p>
<p>^ The wait list doesn’t need to be involved yet. From years of experience, NYU can predict the percentage of ED admits that will decline the financial aid offer, and can “oversell” (like airlines) ED seats, to end up close to the number of ED matriculants they want.</p>
<p>Does anyone know when we get the housing forms? Do we get them at the end of march like ED1 kids or April like RD kids?</p>