Help! Missed CSS Deadline for NYU

Paying for College
1

<p>My brother was accepted to NYU but missed the CSS deadline for scholarships and grants. I already asked about a late application but there’s no recourse once the deadline is blown. Right now he’s looking at 66k per year COA. Our family isn’t wealthy enough to contribute much, and that would be about 300k for an undergraduate degree and he’s not particularly sure that he wants to go the business/econ/math route, which would be his main reason for attending NYU. He was waitlisted at Georgetown, UVA, and some other schools in that range, also missed their CSS deadlines. His safety school didn’t give much of a scholarship. He could apply to a local state school (late) but he wouldn’t be eligible for much need or merit based aid this late in the game. Any advice would be appreciated.</p>

<p>I thought some solutions might be:

  1. Take a year off to volunteer and reapply for 2015.
  2. Enter his safety school (nearly full price, but cheaper than NYU) and try to transfer out.
  3. Bite the bullet and pay full freight at NYU and hope that he can find a magical job to make those payments. </p>

<p>Thanks in advance for any help. I’m really distraught on his behalf. </p>

2

<p>I’m sorry. But it sounds like NYU is NOT affordable for your family. Did your brother apply to any schools that ATE affordable? What can your parents reasonably contribute annually? Are they willing to cosign excessive loans for him to attend college…because that is what it will take.</p>

<p>Perhaps he should consider that gap year, and a NEW list of affordable schools…with submissions of financial aid applications on time as well.</p>

<p>ETA…if your brother was really a competitive applicant for Georgetown, UVA, and similarly competitive colleges, he would likely qualify for merit aid elsewhere (when he reapplies to different colleges next year). There is a thread stickie on this forum for guaranteed full tuition and full ride scholarships.</p>

3

<p>How in the world was a safety school selected that is full pay when the family can’t contribute much? I would take a year off and reconsider the entire list of schools.</p>

4

<p>From what I understand, NYU doesn’t give lots of aid anyway…I have seen that here on CC time & time again. Not sure how true it is. I’m sure others will weigh in on this issue.</p>

5

<p>My advice would be for him to ask for a gap year from NYU which, if granted, would hold his spot open. He could then spend the year maybe making some money, looking for scholarships, doing some good deeds, developing his interests. In some gap year agreements, taking college courses for credit may not be an option or be a limited one. He can also put together a list of colleges that are more realistic and read up on how to best approach the financial aid process, the deadlines and anything that can give him a leg up for next year as an older, wiser more mature and informed applicant. He can run NPCs and estimated EFCs through FAFSA calculators and look at the family situation and understand what he can expect from what school. </p>

<p>Then this fall of 2014, he can re do his application, and also make danged sure he gets his things in for NYU, reminding them that he is ready to go and is now applying for financial aid. As he has hopefully learned, missing these deadlines can quash a lot of fin aid options. He should have some affordable schools on his list because though NYU would be an Admissions safety with a gap year deferral meaning acceptance is assured, NYU is NEVER a financial safety unless student and family can afford it. NYU does NOT guarantee to meet full need and it does not do so often. </p>

<p>What’s important for your brother to understand, and NPCs might help if there is no family business involved, is what is even possible for him to get in financial aid. If your family EFC is high, it’s pretty much certain your expected costs even at the most generous school that guarantee to meet need are going to be high. That FAFSA EFC pretty much is the MINIMUM your family will be expected to pay before getting penny one from subsidized loans and workstudy even. PELL is an exception–don’t know if your family qualifies; that is for low income. If your family lives in NY, TAP funds may be available too, if your family meets the income requirements. </p>

<p>If your family makes or has too much in the way of income and assets to qualify for enough aid to make it work, then your brother needs to haves schools on his list that may give some merit money. Fordham is a school that has some merit possibilities, as is Hofstra in the NY area. Not likely to get much merit money from NYU and Columbia, Georgetown, though are schools that guarantee to meet full need, they define that need, not FAFSA and they give NO merit money at all. No sense fishing where there ain’t no fish. So if the NPCs and the FAFSA EFC are indicating that your family has to pay more than they can afford, he’s gotta find school with an affordable price that is pretty sure to take him, or get merit money, so he then needs to find schools where that possiblity is there. </p>

<p>The transfer ides is a bad one because you are not as eligible for any where near the number of awards as a transfer. Some schools that guarantee to meet full need to students entering as freshmen, will NOT extend that guarantee for transfers and tranfers tend to be last in getting what funds are left. Hardly any merit awards out there for transfers. </p>

6

<p>Check NYU policies on that deferred enrollment. If he defers his NYU enrollment for the year, it is very possible that applying to OTHER colleges is not permitted until he declines his enrollment at NYU.</p>

7

<p>The reason that Op’s brother did not receive any money is not because NYU determined that the family can afford to pay, but because Op’s brother missed the deadline for submitting application for financial aid. According to OP, NYU is not going to consider him for aid because he missed the deadline.</p>

<p>The challenge with deferring for a year is that Op is not guaranteed to receive enough need based aid to make NYU an affordable option because he did not apply for aid.Other that federal/ state aid (if from NYS) op could be committing to NYU and still not know if it is affordable. Therefore it is not in Op’s brother’s best interest to defer.</p>

<p>NYU’s language for deferrals </p>

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<p>NYU’s deferment Policy</p>

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