How does financial aid work for NYU Early Decision 2?

I'm thinking about applying to NYU through Early Decision 2, but I'm concerned about financial aid. How does the process work, and will I have a chance to see the aid package before the commitment?

Financial aid for Early Decision 2 at NYU does not fundamentally differ from Regular Decision. When you apply for Early Decision, you are expected to submit the necessary financial aid documents along with your application materials. This includes the Free Application for Federal Student Aid (FAFSA) and the CSS Profile.

NYU aims to provide financial aid packages to accepted Early Decision applicants around the same time that acceptance letters are sent out, which typically happens in mid-February. This is to ensure that you and your family are informed about the resources available, and can make an informed decision.

However, keep in mind the binding nature of Early Decision—once you get the acceptance and if NYU meets your demonstrated need, you are required to withdraw all other applications and commit to attending NYU.

If the financial aid package is not what you expected or if it's not sufficient, you can contact the NYU financial aid office to appeal the decision or explain any special circumstances that may not have been adequately conveyed in your original application. But, before you apply ED, be sure to use NYU's net price calculator to estimate your family's financial contribution and see if it's feasible for you.

Remember, Early Decision should only be pursued if NYU is your absolute first choice and you are certain that financial considerations will not prevent you from enrolling, or if the net price calculator suggests that NYU will be affordable for your family. Applying through Early Decision is a serious commitment, and you should only do so if you're prepared to attend if accepted.