<p>Ok, I’m interested in NYU, but the only thing thats keeping me skeptical (besides the fact that there is no campus and the questionable racial and gender diversity) is the financial aid. I’m hearing some bad things out there. It’s even ranked on lists has students dissatisfied with their financial aid packages. Also, I remember awhile back on their website, NYU mentioned that giving financial aid isn’t always possible.</p>
<p>So, my question: is NYU’s Financial Adi packages really bad? Must students rely on loans? and if so, what about alternatives, like heavy scholarships?</p>
<p>If your middle class with two working parents then yes. My mom works part time as a nurse and my dad is a firefighter. We are by no means wealthy and if it werent for all those loans, I would have never been able to go to NYU. I understand that they have many students and times are tough, but I still feel like they could do so much more for some of us who really dont have money to spare. I’m going to have debt for a long, long time, but I’m hoping with a degree from NYU I can secure a good job to pay it all back. We really got very little from them, and even after going in to speak with them on several occasions throughout the year, they were never able to find more funds because they “over budget”.</p>
<p>Side question: what do you mean by NYU’s “questionable racial and gender diversity”? NYU seems to be VERY diverse in both of those areas…</p>
<p>I am a graduate student (aka: more expensive, more money) and I was extremely happy with my financial aid package. After scholarships from NYU and a work study, I pretty much just pay housing and a little bit of tuition. There are plenty of students at NYU who do not recieve aid because they never attempted to get scholarships. Some students dont want the stress of scholarships and would rather have loans. Some students on the other hand apply for as many scholarships as they can to pay for their education. Differernt students, different situations. Also, your major makes a big difference in your FA package. I am a Social Work major and over 90% of the Social Work students (undergraduate and graduate) have some sort of financial aid. Other majors dont have money allocated to students for FA (such as Stern, I have heard). The best advice I can give you is to just apply and see what is offered to you. I applied to 5 schools (accepted to all 5) for my masters and NYU offered me the best FA package. I completed my undergraduate in FL with no scholarships. Needless to say, if you go to NYU you will need loans or assistance from family because its hard to get a ‘full ride.’</p>
<p>I am also going to have to look askance at the phrase “questionable racial and gender diversity”. We are 61% female. However, I would consider NYU pretty racially diverse. Manhattan is also very diverse in itself.</p>
<p>Haha, I’m sorry everyone. I dont mean to offend anybody. But 4% African-American? Does anybody have any idea why that is? Most of the Ivies have at least 10%. Do you think African-Americans just aren’t interested in NYU?</p>
<p>Many people don’t put African American on applications, they may be multicultural and don’t ascribe to one ethnicity. My D is AA/multicultural. If you look at the whole diversity thing, between AA,asian,hispanic, you do have a larger diverse population on a whole. Then throw in th GLT group, you have a larger diverse community.</p>
<p>I noticed this past year when looking at the posted received financial aid, many people received half of their expected need. So if like me you were full need, or -56,000, then you got half of that in federal aid and nyu scholarships and the rest is covered in loans. </p>
<p>Course if your top 5-10% you might get the presidential scholarship. I believe if your full need that’s worth $25,000 but I’m not sure.</p>
<p>But for the most part don’t even hope for more than $27,000 a year in non-loan aid, because most people simply don’t get that much.</p>
<p>I say go crazy applying to outside scholarships in your senior year. I did and I’m basically going to NYU on a full ride. NYU did meet my full need, but half of it was in loans, which I declined and replaced with outside scholarship money.</p>
<p>And I’m African American btw. Just want to represent. Lol</p>
<p>Wow, I dont know where you guys found these awesome scholarships, but I too applied to scholarships all senior year and got only a small amount (about $1000, which is a good amount of money just not compared to NYU’s costs). </p>
<p>If anyone wants to point me in the right direction in that area…</p>
<p>Gibby: I dont know SAT2350, but in his/her defense, if having $182,000 worth of debt after 7 years includes (im assuming) graduate school at NYU, that is a pretty great financial aid package. I will have around that much if not more with just 4 years of undergrad…but I can see the controdiction. A lot of people (not pointing fingers at anyone here) seem to make things up to make themselves sound better than the rest, which doesnt help anyone!</p>
<p>I think you over simplify “There are plenty of students at NYU who do not recieve aid because they never attempted to get scholarships. Some students dont want the stress of scholarships and would rather have loans.”</p>
<p>I don’t know anybody like that. Everyone I know tried for scholarships weherever we could. I found I missed out on lots of scholarships because they all ask about parents income. Although I would consider my family middle income apparently the scholarship folks deemed there were others more pressing financial need.</p>
<p>I find among my friends at NYU. The less money you show on the NYU fin aid app/fafsa, the better your fin aid award was.</p>
<p>Sorry, but I’m of the opinion that attending a state school at $19,000 per year is a much better financial alternative than attending NYU and amassing $182,000 worth of debt. No college (not even HYP) is worth that!</p>
<p>That is your opinion and you are welcome to it, the same as I am welcome to my own. I know many students going to NYU that didnt apply for any scholarships and instead took out loans or family paid for tuition. I know many students that applied for every scholarship they could. Its a personal choice and not one that you or I can judge.</p>
<p>I would just like to clarify that the Presidential Scholarship thing that one of you mentioned before does NOT entail any financial aid. It’s just a programme where you take different classes. They don’t give you money. I called them and the woman made it very clear. </p>
<p>I had to reject NYU even though I got accepted to this programme because I simply couldn’t afford it. It would have been great to be studying as a scholar in New York but unfortunately thanks to the lack of financial aid, it wasn’t possible.</p>
<p>I just received my daughter’s financial aid packet from NYU and were terribly surprised. They are offering her $21000 but the cost is $54,0282 just including tuition & room and board (no other college related expenses e.g health-insurance, books). To add insult to injury they offered her loans that amount roughly to $8000 and offered her a Federal PLUS loan of $26000(which is a loan a parent takes out)! My gross adjusted income in 2010 was $18,000. I find it crazy that they would expect a parent to take out more money that they make in an entire year! She also was in the top 3% of her class… so confused by this offer… and its her dream school… I just want to know if other have had the same type of experiences with NYU FA</p>
<p>Same here. EFC 5K, yet NYU wants us to take out a 30K Plus loan…per year! Loved the school, but, well, for an undergrad degree, just not worth it.</p>