<p>YOU don’t get approved for PLUS. Your parents have to apply and go through a credit check. NYU, and a number of other schools package PLUS, PELL, Staffords, TAP like its their own money, when it is not, and when it comes to PLUS, it is listed as an option for parents to pursue. No guarantee that they will be approved. And if they are, can they take on a $50K loan with their financial situation?</p>
<p>NYU is need blind for admissions but does not meet full need for most of its students. The OP is congratulated for gaining admissions, but that just means it’s up to her/him and family to come up with the money. FInancial aid is based on merit/need, and NYU tries to package the money so that those they most want will come, and everyone else has to find their own way to pay. I’ve seen some truly generous packages from them, and I’ve also seen this.</p>