<p>I want to add that my while my son did get 30K from NYU he is taking the maximum perkins loan they would give him (2400) and a subsidized stafford loan (3500) and 900 in WS. I'm paying my EFC out of pocket this year. 30K is only about 60% of the Coa. I still feel like we got a good deal. </p>
<p>the one state school he applied to offered only offered the stafford loan. the rest was WS or my money. So in reality, our combined out of pocket would have still been over 10k for the state school. Of course had he not gotten the 30K, he would have been going to that state school. No way could we have made up the shortfall and I'm not going into debt or cosigning big loans for him (I hope to pay all my EFC out of savings for the next 4 years)</p>