<p>wow. not cool.</p>
<p>::heads to uchicago::</p>
<p>Really? I got an awesome package. Who knows what will happen whan i apply for it next year, but this year i was very pleased and surprised. Does anyone know if they are more generous with freshman than with others?</p>
<p>holy crap. i got like full friggin tuition. $48,760 of scholarship, grants and loans and the tuition is $48,763. it's not good to get a lot of loans though right? but it's good that i got them?!</p>
<p>I got essentially the same package.. butt load of loans though</p>
<p>yea, i realized that it was mostly a ton of loans.. ~$23k a year. i was so excited for a while lol.</p>
<p>Ya i just a letter too... full tuition.... in parents loans. Lol. It wasn't even loans for me, but for my parents, how ridiculous is that.</p>
<p>mackie, it is not unusual for f/a to change after freshman year. I know lots of kids who had a larger percentage in loans from sophomore year on.</p>
<p>What do you mean by you got a lot of loans? Are you talking about Stafford and Federal Plus? And even if you get a lot of loans, they're called loans for a reason. Won't you have to pay huge interest later on when you pay the loans off?</p>
<p>Whoa: </p>
<p>NYU has a practice of listing the parent PLUS loan as being part of the financial aid package.</p>
<p>I believe this is confusing and deceptive, because the PLUS loan is set up by law, and is available to all parents everywhere to meet the difference between the full cost of attendance and whatever their kid gets in grants, student loans, & work study. </p>
<p>So a PLUS loan is NOT financial aid and should not be counted as such.</p>
<p>simple_minded:</p>
<p>instead of a PLUS loan for your parents, you can get a private loan to pay it yourself. I called NYU to check on that. you can get them from citigroup; chase and some others... they're listed in NYU's website. You just need your parents to co-sign it adn you can also defer the payment until 6 months after graduation from NYU. the interest is much higher, though. i know that citi bank has an interest of 7.25%. the others have a ~8.3% interest.</p>
<p>** I wonder how FAFSA will help us?! Any feedback on that?? Please.... :-D</p>
<p>FAFSA won't help you if this is what NYU has used to create its financial aid package, likely one heavy on big loans.</p>
<p>If my EFC is only $4,900 should I still expect an exorbitant amount of loans? x(</p>
<p>yes (10 charc)</p>
<p>I got a $25,000 annual scholarship. It says it's renewable for my subsequent years at NYU too. Will the amount go down if my parent's income and assets stay the same? Does anybody ever get a full ride at NYU?</p>
<p>I got some scholarships but they didn't say anything about being renewable. How do i check for this?</p>
<p>Call up the financial aid office. I don't think they ever said if my scholarships were renewable, but I guess they were since I kept on getting them >_></p>
<p>heh youkosiren, we shall see if my stern scholarship renews, my EFC went from 0 to $29,000 this year. f$ck. Hopefully I can convince them that my ~3.9 GPA warrants that $20k scholarship. As for the loans, check into your state's loan programs as well. NJ has a program at ~6% instead of PLUS loan at 8% or whatever.</p>
<p>sofianoori:</p>
<p>Grats on your scholarship. If it's the same as mine, it is renewable provided your GPA does not fall below a (very reasonable) standard. It will NOT change basd on your EFC. :)</p>
<p>YES!!!!! Thank god :)</p>
<p>DeCarez, do you happen to know the name of the NJ program and/or how to apply for it?</p>