Hi guys , i was just accepted to nyu and it is my top school
can someone explain to me what exactly my financial aid stuff means
Award Description Category Offered Accepted
CAS Scholarship 45,040.00
Pell Grant 5,775.00
Federal Work Study 3,000.00
Parent PLUS Loan1 11,717.00
Subsidized Loan 1 3,500.00
Unsubsidized Loan 1 2,000.00
Aid Year Totals
71,032.00
You’ve been awarded about 50K.
Now, Look at the word: loan. That’s what you need to take out per year to pay these fees.
Your parents take out the parent plus loan. You take out the other loans.
Work study means that you will be working and will attempt to earn $3000 if your on-campus job permits it.
That’s a good package from NYU for the most part. You need to find out if that scholarship is renewable though, and if so, what are the criteria for renewing it.