<p>Hey there. I was just accepted into NYU's Liberal Studies Program and want nothing more than to take them up on this offer. NYU is my dream school, and I am dying to go there. But I know very well that their financial aid sucks pretty bad and is mostly composed of loans. However, my EFC is 0. Are they at all generous to very low income families? Do I have a chance whatsoever? I'm aware that this has been discussed before, so if you know of any threads that answer my question, just post the link to them. I'll appreciate any kind of prediction that you guys can give me. </p>
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Are they at all generous to very low income families?
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<p>Maybe, if you're lucky. If you're not, your need will be met with multiple tens of thousands of dollars in loans, which is basically not meeting need at all.</p>
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Do I have a chance whatsoever?
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<p>You do. Apply and see what you get. Some people, including me, have been surprised by very nice scholarship packages, but those people are not in the majority of applicants.</p>
<p>I agree with shades_children, you just have to wait and see what they come up with, you might be suprised. I have heard of some generous packages and some awful.</p>
<p>I've said it before, and I'm not gloating, but my son is a Cas sophomore with 30K per year in scholarship money. He's white, I'm a single parent (he never met his father) and my efc is in the 12K range. His SAT was 2250.</p>
<p>I cried when I got that FA package, and they were tears of joy.
He's still taking out 2400 in perkins loans the first 2 years (hopefully will get for next 2 years also) and 3500 and 4500 in subsidized stafford loan the past 2 years and he has 4000 in WS (which he's made a serious dent in because he worked thru winter break). </p>
<p>So it's not like we're not paying a decent amount (my full efc and the loans for him)</p>
<p>we are not going to know these things, Nufo. NYU has done some pretty strange stuff. </p>
<p>you are also a transfer student, and financial aid isn't usually as generous to transfers.</p>
<p>and this is a very competitive year not only in general admissions, but in transfer admissions. so there's a lot of unknowns here. just be prepared for a very small financial aid package.</p>
<p>thanks for the reality check, missamericanpie.</p>
<p>im gonna go tanning cuz maybe the darker skinned i am the more money ill get.i and im riding every diversity ticket i can.im gonna be an octilingual, 1/16 alien, hermaphadite father of 6 asexual children with a dark ass tan. anybody got some nc55?</p>
<p>Argh, I can't believe I now have to ride a cloud of joy until April, when I find out just how badly I can't afford to go to this school. It was my number one, and until I was accepted into LSP, I never realized how much I was lying to myself when I said I wanted to go to Barnard. It's a fantastic school, but...I want NYU! Anyway, anyway, anyway assuming they don't jip me and give me $5000 a year or something (urgh, my mom pulls in 20k, and my dad is unemployed and lives an hour away...and I'm sitting here scared that I won't get any aid?!!), then maybe I can round up enough scholarship $$ to make this school affordable.</p>
<p>NYU financial aid is not 100% consistent so you need to wait.</p>
<p>But in the meantime, seriously consider your other options. I am proud to be an NYU student but at the same time staying here for the past few months have made me more aware of how a university of this size operates. My family's EFC is now $3,000 - compared to last year which was $51,000 (parent laid off, assets decreased). And if there is literally no other option when loans cannot be taken, I am going straight to state school. My sister is going to college next year as well and I have to consider the burden I'd be placing on my family and myself in the future. </p>
<p>Even my counselor told me before I had gotten into NYU and I had doubts about getting in, "NYU is an amazing grad school." So if you find yourself accepted to other schools with much better packages and have good academics, consider the long-run for everybody involved, not just yourself. Life in the Village is EXTREMELY OVERHYPED and OVERRATED - not to say that I don't like living here, I really do. But even my expectations of living in NYU changed after the first few weeks of staying here. You don't know how many friends of mine have grown disillusioned and disappointed by their discovery that life in the fast lane is not always the best thing. </p>
<p>If there were ever a period of uncertainty about our financial comfort in our lifetimes this would certainly be it.</p>