<p>^^Based on my conversations with the FA officer, it seems that the scholarship part of the aid ($16,000 for you) will only be affected last when the EFC changes. So if the EFC increases, it affect the loans first, then affects the work study, finally it will affect scholarships.
It will be a good idea to calculate the EFC assuming your s is out of school. Then present the results to NYU, I am sure they will estimate it for you of the future “possible” aid amount.
The other thing they mentioned, was that after the first year, students can ask for more money. The decision will be based on their academic performance & the needs. The your D’s grades will help. Obviously, they don’t want to see the good students all transfer out due to the financial reason.
I have heard that very few students see their scholarship money go down in years. I asked this to our college Dean.
Hope these are true. I have a very similar situation so we asked A Lot of questions when we were there. To share…</p>