NYU financial aid package average?

Hi everyone, I’m a senior applying to NYU Tisch. I’ve got one sibling in college and a younger sister, with a single parent making about 38k a year.
With only this in mind, will NYU be “generous”? Generous for NYU, that is. I have a lot of arts extra curriculars and leadership experience and a 3.7 GPA, so will they be inclined to give me a more significant package? Thanks everyone

Generous and NYU are never used in the same sentence when it comes to financial aid.

Agree ^^^^ NYU has a reputation for giving little financial aid. Run the Net Price calculator to see what you qualify for at NYU so you have no surprises later on.

Expect that NYU will NOT be generous.

It sounds like your mom can’t pay anything towards college. So, that would mean that you would need NYU to give you about $65k in “free money” with maybe a student loan and work study. Not likely going to happen.

Have you run the NPC? If so, what were the results? If not, then do so soon.

do you have a non-custodial parent? Will NYU require his info, too?

Don’t be surprised if a calculator or estimate shows NYU coming close to meeting your need ** [color=crimson]but mainly includes unaffordable Parent Plus loans.

Lol, nice color emphasis…

If you are applying to Tisch, the strength of your audition or portfolio will also be considered. NYU uses need based aid to lure very promising students to their school.

The school does not meet full need…at all.

The Net Price Calculator will not yield accurate results because the parent is a single parent.

Is your other parent still alive? NYU is a Profile school, and your non-custodial parent will be required to complete the non-custodial parent Profile.

If you already have a sibling in college…how is that sibling paying for college? Does that sibling go to a college that meets full need? Or does that sibling go to a much less costly college where the Pell Grant and Dorect Loan can fund his costs?

Are you a NY resident?

My sibling goes to a much less expensive school and is taking out private loans. My other parent is alive, but unemployed and as of now, unreachable. I’m not a NY resident. I ran the NPC and it tells me I’ll have to pay 25k with NYU’s grants and scholarships

<<<
With only this in mind, will NYU be “generous”? Generous for NYU, that is.


[QUOTE=""]

[/QUOTE]

You’re already aware that NYU gives lousy aid. “Generous for NYU” isn’t going to do you any good. Generous for NYU may mean that it will give you a $25k grant. But in your case, what good does $25k do you when the school will expect you to pay the other $45k per year? Even if you lived close enough to commute from home, you’d still have to come up with about $30k per year. You wouldn’t be able to do that.

Does the NYU net price calculator ask if your parent is a single parent? If not, the results should be viewed as a very gross estimate only.

Who cosigned your siblings private loans? If your mom, then she may not even qualify for additional loans for you.

If your mom makes $38,000 a year, she barely brings home $25,000 a year. Are you exacting her to contribute to you college costs? Where will you get $25,000 a year…or more?

NYU net price calculator is worthless.

Actually, it is worth it for the NYU dreamers to use NYU’s NPC. Then they will see that even the best case financial aid at NYU will be insufficient to make it affordable, so that they can face reality now instead of in April.

According to their most recently published Common Data Set (2014-15), NYU’s average financial aid package for first time freshmen ([H2j, col 1](Research with Human Subjects)) is $33,980. Average need met was 72%.

The averages are worthless data. There are students who will receive far less, and students that receive far more.

Re: %age of need met…some students only need the Direct Loan of $5500. 100% of their need would be met.

The school costs almost $70,000 a year.

<<<
According to their most recently published Common Data Set (2014-15), NYU’s average financial aid package for first time freshmen (H2j, col 1) is $33,980. Average need met was 72%.


[QUOTE=""]

[/QUOTE]

that means nothing. Not only are those averages, but those numbers are ONLY for students who decided to attend. There are a whole bunch, typically lower income students, who could not attend because the gap was too big.

COA is over $70K this year. http://www.nyu.edu/content/dam/nyu/financialAid/documents/tuitiongeneral.pdf

Nobody can make a prediction of what you aid would be, because NYU will be more generous with a very, very talented student than they would with a student that is more “average.”

What are you applying for at NYU?

I would make sure that you put a lot of effort into your portfolio or audition, because that will make the most difference when it comes to the amount of talent money they award. Your gpa is average, so it will come down to talent.

Every year there are some students who are pleasantly surprised by NYU. So I would apply elsewhere and know that it is a long shot that NYU gives a great package, but it may be worth the effort.

Applying for film production. We’ll see how things turn out!

http://www.nyu.edu/financial.aid/misc/npc/ says that the net price for a NYU student living in the dorms from a family of 3 with 1 in college and a family income under $30,000-$39,999 is $25,065. This is beyond the realistic financial reach of federal direct loan plus typical student work earnings (especially if you will be doing a time consuming visual or performing arts major).

Of course, even that amount is a best case scenario. If your other parent is alive but uncooperative or unreliable with financial aid forms, then you will get no financial aid from schools like NYU that require both parents’ financial information. Any income s/he earns and any assets s/he has will need to be included in the calculation if s/he is cooperative with the financial aid forms. I.e. your actual financial aid from NYU is likely to be worse than the estimate from the net price calculator. NYU’s net price calculator also asks very few questions, unlike the actual FAFSA and CSS Profile, so it may only be the roughest of estimates (unlike some other schools’ net price calculators that ask very detailed questions to give better estimates).

Realistically, if you apply to NYU, you are aiming for a large (nearly full ride) merit scholarship, either an explicit scholarship or one embedded in “preferentially packaged” nominally-need-based financial aid, not merely admission.