So I am asking if this is worth it for early decision. I do not think I have much of a chance in getting accepted for regular decision so if apply it would be early decision.
Also I understand that the early decision is not binding if you are not okay with the amount of financial aid given. Does this mean that you can get out of the binding only if you physically can not pay for it or that if are not okay with how much financial aid they offer you?
This school is not affordable for you. YOU cannot take $55,000 a year on loans. For your freshman year, you can only take $5500 in loans. Any additional loans would need to be either consigned by your parents, or taken out by them.
$200,000 in loans is WAY too much for an undergrad college education.
NYU uses its need based aid to helpful fund top students it wants to attract who have financial need. If you don’t think you have a chance of acceptance in the RD round, I’m guessing you are not a top applicant.
I wouldn’t waste my time…or money applying ED to this school if you can not afford to pay your family contribution as indicated on the net price calculator. There is no tuition fairy.
What is the point in applying when you know you will have to decline the offer due to lack of funds.
If you are asking me if NYU is worth $200,000 out of pocket for you to attend? I wold say NO.
Can your parents pay $50,000 a year? If not…don’t count on NYU meeting your need…because usually they don’t.
In my opinion, you need to find a more affordable school.
^^ Apply to the William E. Macaulay Honors College at Baruch College. You are out of state, so you will not get free tuition, but qualify for other perks. Also, look at CUNY-Brooklyn College for Computational Finance.
OP, keeping it real here, your stats are very unlikely to be high enough to get you merit aid from Stern, assuming you get admitted at all. The acceptance rate for this year’s freshman class was around 11%. Also, you can’t just take $55k in loans; as noted above, there are limits on what you can borrow.
Therefore, applying to Stern ED would be a poor decision for you.
The entering fall 2015 freshman class had approximately 11,000 applications for approximately 600 spots.
The wild card is the yield. Stern’s yield is SUPPOSEDLY in the 50% range (which is substantially higher than the 35% yield for NYU overall; this is not a published statistic, but one that has been bandied about). So, if true, we can presume there were approximately 1200 acceptances issued to yield the 600 students. No students were accepted off the Stern wait list this year; there was no slack in the offers/acceptances.
I accept that Stern’s yield is substantially higher than the yield for some of the other NYU colleges given the opportunities and starting salaries offered to Stern grads, and given its recognition as one of the top undergrad business colleges in the nation/world.
If the 11% is off, it’s not off by much. And if trends continue as they have at pretty much every college for the past few years, that rate will dip even lower. Hence my caution to think twice about counting on a merit-based award from Stern for this particular OP.
I don’t think you should apply to NYU Stern ED
1° you’re unlikely to get merit
2° you’ll be wasting your ED card.
I don’t think your odds at Macaulay are high but you can try, with Baruch and Brooklyn College as #1 and #2. Even if you’re not admitted, you’d still get an automatic shot at the Honors Program there.
If your family is upper-middle to upper class and your parents can’t/won’t pay more than 15-20K (which is what would be expected from a family making under 100K even at the most generous colleges, and most colleges would expect much more even from these) those may be your best shot along with your instate flagship (Rutgers?)
For finance, with your stats, I’d run the NPC and depending on the results (within budget or not? Considering they’re quite generous with aid + that you’re a male), I’d apply to Hamilton ED.