Thanks staind and brainhurt for the replies !
yes the last line in the instructions is encouraging.
I am not quite sure of what the answer should be for the below question.
"Can you completely support your first year of study at NYU Stern, estimated at US$80,000 for tuition, fees, and living expenses?"
As brainhurt mentioned It could be that NYU wants to ensure we have thought through the costs involved.
Maybe someone who has been through the process could throw some light on this.