Does anyone know how accurate NYU’s financial aid calculator is?
It depends…
Are your parents divorced? Do they own real estate in addition to your primary residence? Are they self employed…or do they own a business? Are you an international student?
If the answer is no to all of the above…,the NPC should be a good ESTIMATE of your aid at NYU.
Remember, the only REAL financial aid award is the actual award sent to you by the college.
Also, make sure you are using the correct tax year information. And if you are NOT enrolling fall 2018, then you will need to do the NPCs again late summer when they will be reset for students enrolling in 2019.
What year in HS are you?
No to all of the questions but one of my parents live in a different city and just recently bought a condo there. I’m a sophomore
If you are a sophomore in HS, the current net price calculator should be viewed as a GROSS estimate of your net cost. You won’t be going to college until fall 2020, right? You will be completing the 2020-2021 FAFSA using 2018 tax return information. It’s only February 2018…you don’t even HAVE your for sure parent income for that’s year.
The net price calculator for your senior year will be reset summer of 2019. The cost of attendance at NYU will very likely go up as well.
The equity in that second residence will be considered as an asset…and there will probably be more equity in two years as well.
So…is the CURRENT NYU Net Price Calculator accurate for your first year of college? Probably not…you don’t have the information needed…and the costs of NYU and their financial aid policies for 2020-2021 haven’t been set yet.
You could use it as a VERY VERY rough estimate.
“one of my parents live in a different city and just recently bought a condo there.”
You need to have an affordable backup. Owning an extra residence might throw off the NPC.
Yes…oops…my mistake. I asked if your parents owned any real estate other than your primary residence. You said…no. But the answer is YES. That condo is a second piece of real estate… that will throw the NPC off!
NYU is well known for loans rather than grants (unless something has changed in the last couple of years. Grants are a gift; loans must be repaid with interest.
thanks everyone!