<p>hey guyz i had a quick question about financial aid at NYU, and id be really grateful if u'd answer it:</p>
<p>i have a friend whos considering an Early Decision application to NYU, but she is unsure whether her financial aid package will be large enough. If she gets accepted to NYU but her financial aid package isn't large enough (so she can't afford it), can she then withdraw her NYU application?</p>
<p>also, is NYU's admissions policy need-blind?</p>
<p>Hello! Anyone, please, correct me if I am wrong, but I did early decision and at NYU is it binding. Therefore, if you do ED, you pretty much have to accept what they offer you. The point of doing early decision is the knowledge that for you, NYU is the place you want to be, regardless of how much money they screw you out of (or not)! I believe there was a fee if you wanted to withdraw your acceptance from early decision. Regardless, if money is a big issue, do not apply early decision. </p>
<p>Also, NYU says that they are need blind.</p>
<p>1) NYU's admissions are need blind--so whether you can pay your own way will not affect whether you get in.</p>
<p>2) ED admits get better financial aid and scholarships. The key issue here is how important money is: if you're merely trying to get the maximum financial aid package, go ED, but if money is such a huge concern that it can affect whether you can actually attend, then think long and hard before applying ED since it is binding.</p>
<p>3) While NYU has been notoriously bad with financial aid, it is getting much better. The university is in the midst of a $2.5 billion fundraising campaign, so I expect finaid packages to get more attractive every year.</p>
<p>4) NYU also gives merit scholarships to top students.</p>
<p>Awesome! Thanks a lot for helping me out, guys!</p>
<p>NYU top merit scholarship is $25,000. the cost of attendance is over $40,000. Those top merit scholarships are extremely limited. the average financial aid scholarship is $6000 (read their common data set).the bulk of the financial aid at NYU is given in the form of loans.</p>
<p>NYU can pretty much offer her a parents loan in the amount of $40,000 and say that they have meet her need <a href="be%20aware%20that%20NYU%20does%20nto%20meet%20100%%20of%20demonstrated%20need%20-something%20like%2065%">b</a>**. </p>
<p>If your friend decides to withdraw her ED at NYU she will be basically blacklisting her self from any other school that she applies to because they do share ED information. In addition she will be retty much regulated to her state university. If money is going to be an issue she should definitely apply RD.</p>
<p>untrue....</p>
<p>you can withdraw from ED because of financial reasons, in fact, its the only reason you can withdraw from the contract, and they are not allowed to punish you. if you worried about being "blacklisted" which i think isn't even true, just ea the other schools.</p>
<p>FYI Matt, one cannot do both ED and EA. That would go against the binding the nature of ED and put the applicant in breach of the contract with the school. However, you are correct about being able to withdraw ED for financial reasons. As for the blacklist thing, who knows?</p>
<p>Good luck.</p>
<p>Actually Jwblue, you can do EA and ED unless it is SCEA (like Standford/Harvard).</p>
<p>Correct y17K, but there are only a very few schools where you can do this type of EA (MIT and Chicago are only ones that I know of). Not many schools offer an EA option to begin with, and of those that do, many like HYS are SCEA. In my opinion, SCEA might as well be ED.</p>
<p>Why would NYU give merit scholarships to someone applying ED? After all, they know that student will come. Don't they save the merit scholarships for students applying RD as an incentive to get them to come?</p>
<p>because financial aid and admissions are seperate departments. </p>
<p>most of nyu's financial aid is scholarships and grants.... you get first dips at them, and thus more.</p>
<p>43% of NYU financial aid comes from loans/work study. This is the third highest percentage in the nation. </p>
<p>Check out the facts on financial aid at <a href="http://www.makenyuaffordable.org/press.html%5B/url%5D">http://www.makenyuaffordable.org/press.html</a></p>
<p>Disclaimer: I do not support the views of Tuition Reform Action Coalition. I only hope to present the information so that you can make your own judgements.</p>