<p>Okay, well first of all NYU is my number one and dream school. I want to go to NYU very badly but financial aid is a major factor in determining whether I will attend the school or not. I know NYU is infamous for financial aid but considering my circumstances maybe it can work out for me.</p>
<p>My mom makes over $100,000 a year and she is a single mom. However, I am a triplet and all three of us are probably going to go to out of state schools. Moreover, I am Native American (I don't know if that will help with the financial aid package). Considering the fact that my mom is a single mom, I am a triplet and all three of us are going to out of state schools, and I am Native American, what do you think my financial aid package will be? Also, I do not mind graduating with debt. The most I would graduate (with debt) is $30,000. Does all this seem considerable? Thanks!</p>
<p>Your EFC will be lower because you’ll have 2 sibs in college. I don’t think NYU will care that the sibs are also going “oos”.</p>
<p>What are your stats? </p>
<p>What major/college are you applying to?</p>
<p>Do you have your NA blood papers?</p>
<p>Unless you have great stats and are applying to a college that has great merit to give and/or NYU has some kind of URM scholarships, I don’t see you getting a lot of aid.</p>
<p>How much will your mom spend on each kid’s college costs?.</p>
<p>Protect yourself and apply to a couple of schools that you know FOR SURE will be affordable. And advise your sibs to do the same. If you kids need a lot of aid, and don’t include some financial safeties, you all could possibly end up with unaffordable schools.</p>
<p>I would say unless you are at the very top of the admission pool, with 100K income, and 3 kids in college, NYU is going to give you about squat.</p>
<p>I believe my mom does not mind paying about 15000 to 20000 per year, as far as my stats go, I have a 3.5 gpa with a 27 on my act. (my college guidance officer said I could get in because we have a scatterplot of people who have applied to and gotten into nyu, and I have a really good essay with a lot of extracurriculars). I am applying to the college of arts and sciences, is that the easiest to get in? Or should I apply to gallatin? I want to apply to tisch or stern but I don’t think I am good enough for those. As far as financially stable schools, I have a lot that give generous financial aid, NYU is the only one I have that is considered not that generous.</p>
<p>As I said, my mom makes over $100k per year. I do not know the exact figure but I know its over $100k since she is paying about 45k per year (for 3 kids) for my private school.</p>
<p>well you should probably ask 1. How much she makes and 2. how much she is willing to spend
And since she is able to afford paying 45k for 3 kids, I doubt you’ll get any fin. aid from NYU</p>
<p>My mom would never tell me how much she makes, I guess I will just tell her to call the financial aid office and see what she can get from there.</p>
<p>collegekid, I don’t think your stats are high enough for merit aid from NYU. I had a relative who got a full merit ride years ago and turned it down to go to an ivy-- so those are the kind of stats that get their top $. Go ahead and apply but apply to some other places. </p>
<p>What you need to do is ask your mom how much $ she can give you and work up from there. Also, ask her to fill out some worksheets so you will have some idea of how much $ schools will expect her to contribute.</p>
<p>If your mom is paying $45K a year out of pocket, I suspect she makes a lot more than $100K. Realize that high income people can pay almost half their $ in takes. So a person making $100K will only bring home around $60K-- and there’s no way to support a family and still pay $45K toward school on $60K net. Unless someone else is footing the bill (dad, grandparents, high school scholarship), your mom has more income-- which could be from investments, child support, etc (which, by the way, all ‘count’ toward financial aid.)</p>
<p>Is your dad in the picture? If so, realize that some schools ask about non-custodial parent income and assets before determining aid so take that into account.</p>
<p>Either your mom makes a lot more than $100k/has a lot saved, or your mom is getting some kind of outside support (child support or something) if she can pay $45k per year for a private school for 3 children.</p>
<p>anyway…if your mom is paying that much using child support money, then that will cease when you triplets aren’t in high school anymore. </p>
<p>If she’s paying $45k per year on her own, then she likely earns too much for you to get more than a student loan from NYU.</p>
<p>You need to ask your mom how much she’ll spend for each child’s college costs. </p>
<p>Can I ask what your mom’s profession is?</p>
<p>Anyway…I don’t think your stats are high enough to get merit or a preferential pkg from NYU unless they have some kind NA special money to give.</p>
<p>First of all, my mom does not receive support from my father whatsoever. Her profession is a CPA (Certified Public Accountant). All three of us I believe will apply to NYU, since it is my dream school and so it can make the admissions process easier, my brother got a 30 on the ACT and has a 3.9 GPA and my sister has a 4.1 GPA (I know I’m the dumb one in the family), so I guess he will get some aid, and can that possibly get me aid as well? We are all going to apply to the same school within NYU. As far as the finances, I know I am on financial aid at my high school and I kinda estimated that my mom is paying $15,000 (instead of $25,000) per kid, but hey I could be wrong. However I believe that my mom does not mind paying $15,000 per year at NYU with $8,000 in loans per year. So, if I can get like $26,000 a year in aid, that would meet my need. How does this sound?</p>
<p>Can someone explain to me why people insist on paying these insane amounts to go to a school that once you get beyond 25 miles from midtown Manhattan is most often mistaken for a CUNY campus?</p>
<p>if your mom can afford 15k per kid right now, you’re not qualifying for need based fin aid
and merit aid is reserved for the tippy top applicants</p>
<p>why won’t your mom tell you how much she makes? I feel like thats a fairly basic thing for a kid to know, and an essential thing for a college applicant</p>
<p>^^ annasdad - Nasty, untrue and uncalled for.How does slamming the school help the OP?</p>
<p>But, I do think that you (OP) need to be realistic. And you cannot assume that your siblings’ good grades/test scores will automatically get them merit aid at NYU (or other schools). </p>
<p>You need to have a very honest discussion with your mom and find out what she can pay and what she is willing to pay. There is nothing wrong with applying to a school that you really want, but you also need to apply to some financial safeties. And they should be schools that you are willing to attend.</p>
<p>No one school (NYU or any other) will make or break you.</p>
<p>*, my brother got a 30 on the ACT and has a 3.9 GPA and my sister has a 4.1 GPA (I know I’m the dumb one in the family), so I guess he will get some aid, and can that possibly get me aid as well? We are all going to apply to the same school within NYU. *</p>
<p>I don’t think an ACT 30 is high enough for merit at NYU…if that’s what you’re thinking.</p>
<p>An ACT 32 is the top 25%, so I’m guessing that an even higher ACT is needed for merit since their website says that some (not all) colleges will give merit to their top 5% of students.</p>
<p>What college are you applying to? Not all NYU colleges have merit.</p>
<p>*All three of us I believe will apply to NYU, since it is my dream school and so it can make the admissions process easier, *</p>
<p>Not sure what you’re saying here. </p>
<p>Frankly, if all 3 of you get accepted, I wouldn’t be surprised if all you get is a student loan… It sounds like your mom’s income is very good.</p>
<p>I’m not slamming the school; there are hundreds of very good schools that are not well known outside their immediate geographical areas, and NYU happens to be one of them. I’m questioning the wisdom of spending an insane amount of money to go there.</p>
<p>OP, please read mom2collegekids post. In our family’s experience she is correct.</p>
<p>annasdad - NYU is very well known here in Virginia. Also, with many students from across the country as well as international it is hardly unknown outside of the NYC area. That is really not relevant anyway.</p>
<p>I agree with you about knowing how much she makes and etc. She is so secretive when it comes to financials. I know I have to have a sit down and talk with her about financials.</p>
<p>I can understand parents not telling kids their exact income. Some kids hear a large number and then don’t understand when parents tell them “no” about a desired purchase.</p>
<p>You do need to know your EFC and how much she’ll pay each year.</p>
<p>Since there is a reasonable chance that NYU may not be affordable, be sure to include a few schools that you know will be affordable.</p>
<p>Keep in mind that some schools will require your bio-dad’s financial info as well.</p>