Chances for NYU CAS not great GPA [NY resident, 3.7 UW GPA, 1510 SAT, economics]

[tsbna44]

Yes by now we know the student’s parent works there, which will provide tuition relief.

[SJ2727]

@blossom

And at the same meeting, your dad can confirm a couple of the details about how it works at NYU- I assume the benefit is taxable (it is in most cases) which means that if you get a $20K tuition benefit from them, to attend NYU, it ends up being “less valuable” than $20K if it just counts as a taxable benefit. Again- lots of variables here, but better to understand how it works, how much of a discount it will end up being, etc. before hand.

So none of what I posted above depends on tuition remission given that they now meet need, but possible tax is definitely something that needs to be considered. However according to AI summary, this is not a taxable benefit for dependent children at undergraduate level.

Undergraduate Tuition Remission

• Tax-Free Status: Under IRS Section 117(d), qualified undergraduate tuition reductions provided to dependent children of university employees are excluded from gross income.
• Requirements: The child must qualify as a tax dependent under federal rules, and the coursework must be below the graduate level (undergraduate degree programs).

It looks like 90% of tuition is waived, which for current CAS freshman equates to a reduction of close to $62k per year. (90%x$68,576). Could be less as that gross number is “tuition and fees” but even if the tuition alone is say $65k that’s almost $59k off. It’s going to be pretty hard to find anything that competes with ~$6500 a year tuition.

However, definitely agree that the dad should confirm all the above with NYU. It does also seem there is portability, but to where and how much that is is something that needs to be clarified.

[RisingSeniorAlready]

Thank you!