<p>mumurthigal,</p>
<p>That is part of the issue I posed in Post #8^. The issue is that of an EFC that will change with a family’s significantly increased income or in your case, the change in decreased family expenses (resulting in higher EFC) due to another child in the same family graduating from college.</p>
<p>Darn, I wish they would just say these are merit scholarships and have done with it. It is not like the students and families do not have enough to worry about with the loan situation in a lot of cases (meaning many times the scholarships only cover 1/2 tuition or less, so there are still loans to think about and plan on re-paying).</p>
<p>mumur, Your question needs to be asked directly to the NYU FA office. Hopefully, they will tell you it is totally a merit-based scholarship. Let us know the outcome.</p>