<p>So i got accepted into Stern today, checked my financial aid and was pleasntly surprised: it included a Stern Scholarship for a little under 10k. anybody know if this is renewable or not and if its based solely on merit or req. need as well?
Thanks and congrats to everybody who got in!</p>
<p>I think this is renewable, granted that you do not foul up royally with your grades. Some scholarships have requisite minimum GPAs attached for continuation of the award. Not sure about any official requirements for Stern scholarship. </p>
<p>The Scholarships should be based on academic performance and not need, so I do not think changes in your financial need will affect scholarships, probably only grants, loans, work study only.</p>
<p>Did you get the Stern Eckhouse scholarship? Because google is not helping me figure out what this is for…</p>
<p>What about the CAS Scholarship? I got one too for like 9,980 or something? It’s not nearly enough for me to attend, but I was curious if it was merit-based or need-based or a little of both.</p>
<p>^^mine is for 9380 which i think yours is too. this makes me think its not need based but just merit</p>
<p>Sorry, I thought the school based scholarships were based on merit alone, but apparently they may be a combination of both merit and need. However, they are renewable if you meet academic rquirements and your financial circumstances do not change.</p>
<p>[Scholarships</a> and Grants](<a href=“Scholarships and Grants”>Scholarships and Grants)</p>
<p>I called FinAid about the Stern, Eckhard, and Provost scholarships today. Minimum GPA is 2.0 (so you’ll be okay), and it’s very rare for them to take it away unless you have a huge change in income.</p>
<p>Chicago,</p>
<p>That is a good summary. The question that remains is for parents whose income will jump by quite a bit, e.g., BIG changes in income due to a promotion, consulting income, or business profits.</p>
<p>what about if my EFC will change dramatically because my older brother will graduate after 2 years? currently my EFC is about 35k but obviously in 2 years, it will be more like 70k. will my scholarship go away then?</p>
<p>mumurthigal,</p>
<p>That is part of the issue I posed in Post #8^. The issue is that of an EFC that will change with a family’s significantly increased income or in your case, the change in decreased family expenses (resulting in higher EFC) due to another child in the same family graduating from college.</p>
<p>Darn, I wish they would just say these are merit scholarships and have done with it. It is not like the students and families do not have enough to worry about with the loan situation in a lot of cases (meaning many times the scholarships only cover 1/2 tuition or less, so there are still loans to think about and plan on re-paying).</p>
<p>mumur, Your question needs to be asked directly to the NYU FA office. Hopefully, they will tell you it is totally a merit-based scholarship. Let us know the outcome.</p>
<p>did you apply for financial aid?</p>
<p>I just go accepted into Stern and I’m confused. If I didn’t fill out financial aid forms then I can’t get any merit aid?</p>
<p>runi, Are you directing the question to me?</p>
<p>Haha, I’m a parent of a child in CAS. So, the FA application does not apply to me directly, though I am concerned with so many people wondering and being anxious about the renewable aspect of the scholarships. The answer is responded to in Post #7 ^, but Posts #8 and 9 ^ still are unanswered.</p>
<p>I posted the answer to your question in another thread. The short answer is you need to fill out the FAFSA to be considered by NYU for any financial aid based on need and/or merit. It may not be too late for some aid if you apply after the deadline (which was 2/1/11 for incoming freshmen). However, don’t have overly high expectations of much, if any, aid at this late date. If I am proven wrong, I would love to hear about it.</p>
<p>went to weekend on the square this past weekend and talked to a financial aid officer- if EFC spikes due to a sibling graduating, NYU has NOT taken away scholarships for the past 10 years or so. she said that she can’t guarantee anything, but in the past, NYU has not taken the scholarships back</p>
<p>Great news! Sounds like these are more merit-based than need-based scholarships. I have also read that if your need goes up NYU will also likely not change the FA package by much. So it goes both ways. At least, students do not have to worry about what little money they have been given already (though “not guaranteed,” as stated above ^).</p>