NYU Polytech Honors?

<p>I was wondering if I would get into NYU Poly Honors and what that entails exactly..
Well I am a Texas senior (at a public school which is alright at the top but terrible at the botton). I got a 1430/2180 Sat (670r,760m,750w) and a 32 act, 31/617 in my class (3.98 gpa), 99.3 wghtd avg. 95.1 uw avg., member of two or three clubs (debate,YReps,NHS), member of math honors society, qualified for regionals in academic comp., 30 hours comm.service, 2 years subvrs. basketball before getting a 16 hours a week job and working for a year, Nm commended, rigorous schedule 7aps this year, all honors + 4aps first 3 years.I am applying for elec.eng. and aeroeng. What happens if you get accepted into nyu poly's honors program? Is there any money involved? Will I qualify for any merit aid?</p>