Early Decision and Financial Aid.

CoryLoPreedy
Thu, 04 Jul 2013 11:21:56 +0000

All schools are required to send you whats called a financial aid award letter prior to you stepping into class. If your Freshman year of college will be within the 2013/2014 Academic Year ( July, 1 2013 - June 30th 2014) then you can actually list NYU on the FAFSA right now. If you are accepted the award letter will outline:

Total Tuition cost for the year you are applying for[/ul]
[ul]Financial Aid options being used that clearly define Grants, scholarships and other aid[/ul]
[ul]Total net cost after, which is the total tuition cost after scholarships and grants have been deducted[/ul]
[ul]Schools vital factors as it relates to default, graduation and median debt rates[/ul]
[ul]Potential monthly payments after a student graduates based on averages

The key is to see what your “net cost” will be.