<p>I read this article yesterday in the NY Post:</p>
<p>ARE</a> U. SURE, KID? - New York Post</p>
<p>Apparently NYU is targeting certain incoming financial aid recipients and calling them to make sure they know how much NYU costs. The article lists the costs of NYU as over $54,000/year. The school said they called those who were "gapped" as well as those who were the first in their family to attend college.</p>
<p>Have you heard anything like this?</p>
<p>If they are doing this to DISCOURAGE the students from taking on massive private loans to finance the gap, then this is really not that bad.</p>
<p>NYU doesn’t want them to come for a semester or year and then drop out due to finances. This does the student and the school no good.</p>
<p>disclaimer, my son goes to NYU, gets FA (no pell), scholarship and I pay my EFC plus a little more.</p>
<p>I think NYU is very, very aware of the sheer cost of attending the school. Their admissions rate jumped 4% this year, I think - which means they’re expecting yield to go down a lot, because the last thing NYU needs is a housing problem. It wouldn’t be prudent for a school like NYU to play the WL game given their fin aid and cost of attendance.</p>
<p>Sure, if I got a call from them (I get no finaid from them, being international, so they probably won’t call me), I’d be a little weirded out, but I can definitely see why they do it. The financial and systemic stress on NYU has got to be pretty overwhelming right now, they’re just doing as best as they can to make sure students know what they’re getting into.</p>
<p>This also allows them to say, “I told you so,” when after a semester or a year tons of students say they now have to drop out, it is too $$$ - and expect NYU to be nice and try to keep them by offering aid.</p>
<p>Well we got an email yesterday from the president of NYU-I and most other students skip to the part where they tell us how much they’re raising tuition: 3.85% this year-that’s about $2k. That’s a ****load of money, especially when we already pay $51k. I look at that and I go “not too bad”. Wow I have a skewed sense of reality.</p>
<p>NYU is more than aware of the high cost of going to NYU. They just don’t care.</p>
<p>NYU has an issue with students who fall in love with the school but don’t have the resources or the aid to make it feasible. They scrape together enough for that first year, hoping something will work out for future years. When it doesn’t, they have to transfer. That’s the group they must be targeting.</p>
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<p>Don’t you think that’s a little unfair? They are making those calls, even though they risk their yield, because they do care. Doing business in Manhattan is very expensive. They don’t have the money to fully meet everyone’s need and don’t want to see kids taking on huge debt.</p>
<p>There is a dangerous belief among many in this Country that every kid should have access to every school. The fact is that most can’t afford NYU and they want to make that clear before the student/family is in trouble.</p>
<p>My brother’s partner works in real estate in Manhattan. Many times in years past he would be contacted to find short term rentals because of a housing shortage for freshman. that did not happen this past september. No telling what this year will bring.</p>
<p>My son has the CHEAPEST upperclass dorm price for next year $8711 and that does NOT include food.</p>
<p>He’d rather be in a different dorm, but is going to try to tough it out in the cheap seats in the name of saving a buck. MANY of the dorms cost in the 13K range (without food). I feel like I got a bargain this year. Hopefully my son will be able to deal with his less than optimal dorm location and bunk bed. There’s worse in life to deal with.</p>
<p>I actually think this is one of the most responsible thing I’ve heard of a University doing! I mean, it would be way more responsible if these people would stop telling kids that the cost of the school shouldn’t deter them from applying, though. I don’t even know if NYU SHOULD care about the effect of raising tuition. They are a University. Their mission is to educate. It is nice if financial aid can assist a student in getting an education–perhaps that is the mission of the public universities and needs to be looked at more closely AS a mission and more fully funded by taxpayers, though I don’t know enough about that to be sure. I think because some of the Ivy league schools have a certain policy, which they are able to now implement due to having been, for centuries, full-pay elitist institutions, people believe this is possible for ALL Universities. Unfortunately, there would be far fewer choices for an education if this were forced into effect in all schools. Soon, the only institutions left would be elitist in the sense that only the top 5% of SAT testers would have access to an education. I’m glad NYU is being honest. I just think all the universities and GC’s should be honest about gapping and loans at the outset of the application process. Affordability probably ought to be an issue in applying to schools for most of the students who have “need”</p>
<p>I wish all schools did what NYU is doing. The well is not bottomless, and there are four years to contend with, which requires a great deal of financial planning and foresight.</p>
<p>The concept of being able to see only the immediate future (i.e. knowing *for sure *you can only afford one year or one semester) is precisely how people get into their financial pickles to begin with.</p>
<p>I say “Bravo, NYU!” I’ve always loved that school, and this gives me one more reason.</p>
<p>This seems pretty late to be making these calls (assuming the date of the article is indicative of when the calls were made) i.e. after the kids have accepted NYU and probably declined their other options?? I think it would have been more helpful to make these calls before they had the acceptance deposits in hand.</p>
<p>I think it’s helpful too, but that certainly is a good point–what are kids supposed to do about it now?</p>
<p>Yep. I didn’t think about that. You’re right.</p>
<p>I don’t think NYU called the students yesterday. According to the article, NYU told financially needy kids already accepted for the fall semester to think twice before enrolling. That could be done right after the admission letters. The bottom line is that living in NYC is cheap. NYU is a very expense school. Students who need aids should think carefully before they enroll.
I think most private schools that are not need blind should make the cost factor clear. NYU is doing students a favor by warning them about it.</p>
<p><,bottom line is that living in NYC is cheap>></p>
<p>that’s a typo, right. I mean you can get cheap food if you know where to go, but other than that, it is one EXPENSIVE city. </p>
<p>NYU gains nothing by having people enroll and then transfer out after a semester or year or 2.</p>
<p>
[/quote]
The bottom line is that living in NYC is cheap.
[/quote]
Yes, it was a type. I meant to say living in NYC is NOT cheap. Well, on the second thought, Donald Trump might think that it is cheap to live in NYC. 
Nevertheless he or his kids are not applying for financial aids. That would be a moot point for the post.</p>