<p>I am an international student in my pre-final high school year in a British school in Spain. NYU being my first choice, i am considering to apply for Early Decision, but would just to ask your advice on whether this would be better than applying through the "normal" way...
Will I have the same chances of getting accepted applying through either ways? And are there any advantages in it apart from finding out whether you are accepted earlier?</p>
<p>Thanks x</p>
<p>The acceptance rate for ED is usually a few percentage points better if you are well qualified. Your guaranteed enrollment saves the school a lot of work and looks better for their statistics. But, you must then enroll. If financial aid is any consideration you therefore have no chance to see which schools are offering better assistance.</p>
<p>It also depends on what school you are applying to. The Stern school of business has very competitive students applying in ED too, whereas other schools like CAS and Steinhardt are not as competitive. At least speaking from CAS, if you are a strong student and you have total confidence in picking NYU and paying for it (ED is not for those who depend on financial situations when choosing), then go for ED, because the applicant pool is much smaller and it may even have weaker students (though not all-around) applying ED.</p>
<p>this is directly from an email my son sent me, it may be posted on the NYU website, I didn't look</p>
<p>Our Universitys recent rise has been extraordinary; from a regional university with troubled finances forced to sell its main campus in the early 1970s, we have roared forward to become the internationally prominent research university we are today. </p>
<p>The 2007-08 academic year will be seen as an especially remarkable year. It will be a year remembered as one of the most productive years of the transformative Partners Program with considerable additional new faculty talent brought to the Square, and it will be a year marking the continuation of our aggressive efforts to improve student life on our campus. But it also will be remembered as the year we advanced our plans to affiliate with Polytechnic University, and the year we announced an agreement to move forward with NYU Abu Dhabi, which may change not just the future of NYU, but the future of higher education. And it will be recalled as the year that significant work was completed on two very important forward-looking plans for the University: NYU Plans Space 2031, and NYU Framework 2031.</p>
<p>The NYU budget is sound. The expected affiliation with Polytechnic University will not affect its financial independence -- Polys endowment and tuition funds will continue to serve its campus; NYUs budget will not be used to support Poly. And the financial arrangements for NYU Abu Dhabi are such that its entire development will be accomplished without the use of any financial resources from our Washington Square campus. </p>
<p>However, our in-depth considerations of the Universitys future NYU Plans Space 2031 and Framework 2031 make our financial position clear: although NYU is in a sound financial position, it will be a great challenge to produce the resources we need to sustain the drive for academic excellence that has brought us to this point, to enhance our financial aid program, and to meet our space needs. It is for this reason we undertook the recently announced administrative re-engineering effort, which we expect will provide at least $25 million per year for academic priorities by the 2009-10 academic year, with savings coming from University administration and auxiliary services, not the schools.</p>
<p>Our resource challenges, I am certain, are well understood by everyone in the NYU community. NYUs annual budget, excluding the medical center, is $1.8 billion. Over 60 percent of that budget comes from tuition charges, a far larger percentage than that of most of our peer institutions; only 5 percent of the budget comes from endowment and other investment income, a far smaller percentage than most of our peers. When the most recent national survey of college and university endowments was completed last year, the value of NYUs endowment was $2.2 billion. While this is a large sum it is the 31st largest university endowment nationally it is only meaningfully understood on a per-student basis; on that basis, our endowment ranks 216th. This hard truth that many of the colleges and universities against which we compete to attract faculty and students have endowment resources per student many times larger (5, 10, even 30 times larger than our own) with the attendant financial flexibility
-- is a constant in our budgetary deliberations, and it leads to more constrained choices for NYU. </p>
<p><em>Financial Aid</em></p>
<p>A number of our very well endowed peer schools have made newsworthy moves on financial aid, on tuition, or on both, responding to the needs not only of those with low incomes, but even reaching out to the middle class. We are not in a position to match these institutions, much as we might wish that all endowments were created equal. So, we confront a smaller array of choices. </p>
<p>In the 2008 09 academic year, NYU will devote more than $150 million to undergraduate financial aid. However, even with all we spend, we are not among the relative handful of colleges and universities that can meet a students full
need: the gap between what a family can afford to pay and what college costs. </p>
<p>NYUs priority has been to direct the greatest effort at those with the greatest need, and that will continue to be our focus. We can and should be proud of the fact that we have a higher percentage of the nations neediest students than many of our wealthier peers. For next year, we will increase the budget for undergraduate financial aid from the Universitys unrestricted funds by 12 percent. This does not mean that each student will receive a 12 percent increase in his or her individual award. The focus will remain on helping those new and continuing students with the greatest need. </p>
<p>In addition, over the next two years, NYU will end all but a tiny fraction of merit based undergraduate financial aid (limiting it to program building or goals requiring that aid). In recent years, we have steadily reduced merit aid, redirecting our financial aid resources to need-based aid instead; currently, less than 9 percent of our undergraduate aid is based solely on academic merit. </p>
<p>For fully-funded graduate students, there will be an increase of $1,000 in the minimum stipend for doctoral students (bringing the minimum stipend to $22,000 in academic year 2008-09) and $500 for masters students (bringing the minimum stipend for them to $16,500). Fully-funded students shall continue to receive financial aid covering 100 percent of their tuition costs. In addition, health insurance which has been enhanced to include increased co-insurance coverage, reduced co-pays for office visits and medications, increased pharmacy maximums, reduced out-of pocket maximums, as well as a no-out-of pocket-cost childbirth option for routine deliveries will continue to be paid for 100 percent by the University.</p>
<p><em>Tuition</em></p>
<p>Each additional dollar of tuition cost is a tax on the resources of our students and their families. The necessary annual growth in tuition is a challenge for many of those paying it, and a challenge to our goal of maintaining an economically diverse student body. As we shape our budget, these realities are very much at the forefront of our thoughts.</p>
<p>But we are a tuition dependent institution. Any initiative requiring financial resources to be achieved in the end will have an impact on tuition, because nearly two-thirds of our resources come from that source. This is true even of expenditures to improve financial aid, true of our efforts to improve student life, true of our efforts to improve academic programs, true of our efforts to increase the size of our faculty, and true of our efforts to address space needs. </p>
<p>For Academic Year 2008-2009, total undergraduate charges (tuition, fees, room and board) will increase by 5.7 percent; tuition alone will increase by 5.9 percent. </p>
<p><em>Faculty, Administrators, and Staff</em> </p>
<p>Throughout my more than 25 years here, I have been impressed by the devotion brought to NYU by its outstanding faculty, administrators, and staff. The success and stature that the University today enjoys is a product of their efforts their innovation, their energy, and their dedication and we are grateful for all they do for NYU.</p>
<p>As a research university, faculty are at the heart of our enterprise it is they who lead our great missions of research and education. Last year we funded a special separate pool targeted for faculty who had made long-term, outstanding contributions to the university, approved by the Board of Trustees on a one-time basis. We noted that we would be returning to a single pool; thus, for the coming year, the University has put in place a 3.5 percent merit pool (AMI) for faculty.</p>
<p>Our administrators provide the infrastructure that permits our faculty to pursue their scholarship and that enables teaching and learning to go forward. NYU is a research university, not a business. However, our administrators work hard to ensure that the Universitys operations which support the primacy of the academic enterprise are conducted in a business-like fashion. For administrators, the University has put in place a 3.5 percent merit pool (AMI), and an additional 0.5 percent bonus pool to recognize outstanding effort, particularly as we move forward with achieving additional savings. </p>
<p>The increases for staff who are represented by unions will reflect the contractually agreed upon sums.</p>
<p><em>Conclusion</em></p>
<p>Since becoming president of this great university, I have thought constantly about a basic question: how far into the leading ranks of higher education can a school go without the power of an enormous per-student endowment? Using entrepreneurship, established momentum, determination, boldness, our Greenwich Village location, and the ability to get the most out of every dollar we spend, how far might NYU go? For me, the answer is straightforward: as far as it wishes. Compared to some of our peer institutions, there are limitations on our present, but I do not see any limitations on our future.</p>
<p>It will not be easy real progress seldom is. But getting to where we are today has not been easy, either. Who, looking at this University 30 years ago after it had just sold its main campus, while it was struggling with its budget and its reputation could have imagined this present? Those who came before us worked hard to give us the NYU of which we are today a part. Knowing how far this past 30 years has carried us, we should imagine a future dramatically transformed for those who will occupy this campus when all of us are long gone, and we should work no less hard to ensure that future than our predecessors worked on our behalf. </p>
<p>Our motto, Perstare et Praestare to persist and to excel is not only a description of this community of scholars, but an exhortation. I consider it a great professional and personal privilege to be a member of the NYU community and a part of the outstanding daily effort to make NYU even better.</p>
<p>--------------------- via NYU E-Mail Direct ---------------------</p>
<p>wow, 5.9% increase in tuition??? so next year tuition is going to be F****** $40000?? :(</p>
<p>I meant to put that in a new thread. I'm going to repost it. Tuition varies depending on which school in NYU you attend for CAS it is about 37.5K for 2008-2009</p>
<p>yea....what the ****......so for Stern, i will be paying $4000 in just tuition by my senior year???.....that is complete bull</p>
<p>$38000(1.059)^3 = $451306 :(:(</p>
<p>NYU</a> > Office of the Bursar > Tuition/Fees > Fall and Spring</p>
<p>and a chart here too NYU</a> Office of Financial Aid</p>
<p>has the tuition and fees for the upcoming year for each school. Yes, figure the tuition will increase about 5% a year. Everything costs more every year.<br>
Welcome to adult world :-) </p>
<p>They do have a tuition stabilization plan where you can pay to 'lock in' your rate. Also, if you are paying full price with no loans or scholarships, just cash, you can pay all 4 years upfront at the current tuition rate. So if anyone has $150K laying around.....
NYU</a> > Office of the Bursar > Payment Information > Payment Plans</p>
<p>Hey. Thanks for the advice, I will take it into consideration.
Although I will be needing financial assistance, I am certain that I want to go to NYU, even if that means taking out a huge loan...
xxx</p>
<p>Complicated-- I don't know anything about NYU's financial aid policies, but check them out thoroughly. Many schools, unfortunately, have very different policies for international students. Some are need-blind for US citizens/residents, and some are not at all blind for internationals, as an example.</p>
<p>...---------</p>
<p>Too complicated, I second the advice to check directly with NYU re: financial aid for internationals. When my D was there (she graduated in 2007), the only aid available for internationals was in the form of some sort of loans, and there were certain stipulations for these (I don't know what all of the details are so check!). There are likely to be limits to the amount that you'd be able to secure for a loan, and that may not cover your needs. Also, internationals usually have to provide documented proof that they are able to pay the full cost of one year of school costs BEFORE the student visa is issued. If you and/or your family do not have the funds available for your freshman year, I would strong advise against E.D. Early Decision is for a student who has chosen their #1 school, after extensive research, and who does not need to worry about comparing financial aid packages. It is a binding agreement to attend if accepted, and should not be entered into, unless that is agreeable.</p>
<p>bascd on the msg from Sexton, I think they are going to get even stingier for need for international (although it doesn't specifically say that). You would need to be an extraordinary application, imo.</p>
<p>Do not plan on NYU money to pay your way. They are a business and there are enough internationals willing and able to pay big $$ and that is who they will accept, imo</p>
<p>Alwaysamom, thank you for the suggestion, I have researched the financial aid for internationals and I will most likely have to take out a loan. Despite it being quite a large sum, I am willing to do so.
However, would you know by any chance when I should be applying for the loan? Before I send of my university application or once ive been (if so happens) accepted?
Sueinphilly, I understand that a university may be a business and that there are many students out there who can pay for their university costs, however, if I take out a loan, it wouldnt really matter to the university where the money is coming from, right? It would simply be transferred from a bank account where my loan would be....
But thank you for the advice. I appreciate it.</p>
<p>This year there was about a 19% increase in applications amongst the RD pool, while the ED pool numbers were the same as the year before. Applying early should, at any school, give a leg up on admissions (especially if your borderlineish) If your grades and tests are very strong compared to kids who got in this year, it might not be worth the financial aid risk.</p>
<p>TooComplicated, the school won't care where you get the $$ to pay.</p>
<p>PLEASE do NOT consider taking out big loans to pay for NYU or any other school. Don't go into 100K or more of debt for undergraduate. It's not worth it.</p>
<p>But maybe getting loans in Euros would give a favorable exchange rate into our pitiful US dollar.</p>
<p>I think you should definitely do ED, especially if you can afford it. Luckily, I got into NYU RD this year, but there were a lot of schools (some of which were less competitive) that I applied to and didn't get into. All of my stats (SAT, GPA, etc.) were in the upper- or mid-ranges of these schools. I know a few people who got into these schools and/or NYU that I don't think would have gotten in if they applied RD. I guess it depends on what area you want to study, though.</p>
<p>Thanks. I guess if I make up my mind on what my first choice is I will do so with that school. Right now, however, I am struggling and kind make up my mind...
I know this shouldnt stop me from applying anyways, but, would anyone happen to know whether its equaly as hard to get into NYU and NU? Or is one more challenging? Im assuming NU would be, however, I am not so certain....
Would be grateful for some feedback.</p>