<p>I want to apply NYU EDII. I'm in the average GPA/SAT for those admitted, but I don't want to risk a rejection because it is one of my top schools. I'm fairly set on applying EDII, but I have a question. I've gone over the cost of the school with my parents, and they've agreed to pay, AS LONG AS a some amount of financial aid is involved.
I've heard time and time again that NYU is extremely stingy with money. I received an ED pamphlet in the mail the other say that talked about FA, saying if an applicant were accepted ED but the applicant found he/she cannot pay, NYU would release them from the ED agreement, no problem.
However, I've gone through CC and it's just people yelling about how if you don't know if you can afford it, you shouldn't "be stupid enough" to apply ED/EDII. But NYU really made it sound fine in the pamphlet..</p>
<p>can anyone shed light on this? if FA comes back and isn't enough, the college has no choice to release you, right? especially because NYU in particular doesn't promise to meet need..?
is it a huge problem? it's not like i can DEFINITELY not afford it. I can, i just need some FA..</p>
<p>also, if the school were to release you, do they take back your acceptance? or is something you can reconsider when RD decisions do come out and you've decided you want to go to this school anyway?
thanks in advance</p>
<p>Once you’re released from your ED commitment over finances, that’s final. There’s no going back later.</p>
<p>NYU is stingy with aid…especially if you’re not a tippy top student…and you say that your stats are average for the school.</p>
<p>Have your parents ran the NYU net price calculator? I find it odd that they say that they’ll pay as long as you get “some aid.” What the heck does that mean? If NYU gives you a $5500 student loan and that’s it, then they’ve given you “some aid”. Is that good enough for your parents? Will they then pay the other $55k?</p>
<p>So wait, do they de-accept you?</p>
<p>By “some aid” I mean “some aid.” I don’t need full tuition, just a decent amount, and 5500 doesn’t really constitute as decent in anybody’s world. Calm down.</p>
<p>*So wait, do they de-accept you?
*</p>
<p>Uh…if you turn down their offer then YOU have declined THEM. They aren’t declining you, you are declining THEM. </p>
<p>When accepted ED, you’re given a FA offer. If the aid isn’t enough, then you have to decline the acceptance. You can’t wait til later and then accept it.</p>
<p>So, if you’re accepted, you’ll be given a date deadline (usually about 2 weeks) when you’ll have to accept the offer and make a substantial deposit.</p>
<p>And, there was no way for anyone to know what you meant by “some” aid. now that you’re saying “decent aid”, that may suggest a greater amount, but it’s still unknown how much you need. NYU costs about $60k per year. Is $10k enough? Is $15k enough? Only your parents know how much they’ll pay. What are THEY saying?</p>
<p>I appreciate the answer, but I’m not going to spell out my parents’ finances. It was just a question regarding acceptances in the case of not enough FA in general. Thanks anyway.</p>
<p>
Don’t get your heart set on NYU then. Your aid will probably consist of loans.</p>
<p>Okay, firstly-- everyone says NYU is ‘very stingy’, and that’s true. But, I was just accepted EDI, and I got 26000 a year, while my brother (better stats, 2 years ago) only got 9000. The difference is that we applied to different schools. My brother applied to CAS, more students=less money. I applied to SCPS, a lot less students. So, idk if 26,000 or 9,000 is what you want, but that might be good for you.
I have a 4.0-ish GPA, ranked 2/36 in the class, 2050 SAT. you can look in my posts for more detailed stats, that might shed some light on how much aid you can ‘expect’. </p>
<p>And, (I’m not sure how many other schools do this, I was under the same impression as you) but NYU DOES release ED applicants if the financial aid does not allow them to attend. I don’t have a source right now, but it’s on the NYU website if you dig around a little. </p>
<p>Lastly, is NYU institution aid the only kind of aid your parents are talking about? Like, they expect you to get ‘some’ from NYU, and then also apply for other scholarships, etc.? If not, you could just apply to scholarships through other organizations, etc., even just local ones. That way you have the financial aid they wanted you to get, and then you don’t have to worry about NYU’s stinginess.</p>
<p>All schools release you from ED if your family can’t afford it. However, if you’re competitive for ED you should also be competitive for RD and then you can compare FA offers from multiple schools, and potentially get a school to bump their aid offer higher. You absolutely SHOULD run the Net Price Calculator to see what the projected aid is before entering into an ED agreement.</p>
<p>A strong reason that ED is so often not advised is because students cannot compare offers as well. The whole idea of ED is that you make a commitment to attend if the school meets your need. You then withdraw your other applications and you are done with the college app process.</p>
<p>If the school does not meet your need, you turn down the admissions offer and the school releases you from the commitment, and that is the end of going to that school for that season, anyways. You have a set period of time that the school will specify to accept the offer and withdraw your other apps or turn down their offer and end that option of going there. </p>
<p>I have known students who got their best financial package from NYU. It is possible to get full need met and that need generously defined. But in order to get such a deal, you have to be a top candidate for the school, one of the students the school most wants. NYU does not guarantee to meet full need and most kids don’t get full need met. Their packages do tend to have loans and self help in them. I do not know if NYU makes it a policy to meet full need for ED applicants-you might want to call Admissions and ask them. </p>
<p>If your family has a set dollar amount they can pay, it makes the decision easy when you get an aid package, as to whether it is a “nay” or “yay”. Where I see a lot of problems is when there are a lot of conditions and no firm amount on the table. When my kids applied, we said we would pay X. Anything more than that, my kids just pitched the offers and looked at those schools that cost X or less. A lot of people don’t do that. They hedge and are fuzzy about what that X is. That can make an ED acceptance tortuous.</p>
<p>Thank you everyone for the feedback! I appreciate your input. I’m going to email NYU and confirm the release in the case of not enough financial aid. Does anyone know, though, do you just decline the offer and that’s the end of it if the money isn’t enough? Or do they pursue your finances and claim it is enough/make you go? I’m just wondering. I know ED is a big agreement and just want clarification. Again, thank you all for the response</p>
<p>No, they do not claim “it’s enough” and make you go. They do not know if your family can pay what is expected. They can’t force anyone to accept.</p>
<p>okay! thanks for clearing it up.</p>