<p>I'd like to hear from current NYU students. If I go to NYU, I'd be in roughly 140k dollars of debt after 4 years. Is NYU worth it? I really, really want to go, but I'm not sure if there's a certain point where i have to draw the line. If I go, I'd be taking the LSP to CAS track</p>
<p>Let’s put it this way…
(1) NO college is wort that much debt. Plain and simple. It’s insane.</p>
<p>(2) To provide an example, assuming your loans are 10 year pay-off period, you’ll be paying around $1,600/mo for debt. Near $20,000/yr. Assume your salary is $60,000 upon graduation. Depending on where you’re living, assume rent to be a minimum $1,000/mo. You’re up to $32,000 and you haven’t even gotten to living expenses. It’s just not doable. You won’t have enough money to live and you will be drowning in debt.</p>
<p>Absolutely not, no way, no how.</p>
<p>Following up on NYU2013’s example. </p>
<p>If your salary is $60,000 you will bring home much closer to $40,000 a year after taxes. Count in the Federal, State, Local, and FICA and you will probably go into shock. You had better be planning on starting off at $100k if you have to pay back $140k in even 20 years - unless you are going to live in your parents basement and live on ramen.</p>
<p>It depends. Will you get a job that makes enough money to pay off those loans?</p>
<p>I think it would help more if we knew what you planned on majoring in, doing after graduation, what your other school choices are, etc. But at this point, I’d have to agree with a few of the other posters that no institution is worth that much debt.</p>
<p>A month or so ago there was a “protest” over the large amount of average debt that students here carry. I’d advise you to think it over carefully before you end up a part of that a few years down the line.</p>
<p>I would say definitely not. Also remember that tuition goes up substantially each year. Would you really be able to enjoy yourself if you knew you were taking on so much debt?</p>
<p>@roymondito: I have no idea what I want to major in, nor what I want to do after graduation. I got accepted to LSP/CAS. The schools I’ve narrowed it down to are: NYU, George Washington, Brandeis, BU, and Northeastern. GW gave me tons of money and I guess would be my next choice after NYU.
The only way I see myself paying this off in a timely manner is by going to med school (which is like another 200k in debt) or striking oil. I really, really wish NYU would give more “gift” aid instead of loans up the butt.</p>
<p>The ironic thing is that NYU is the only college that met 100% of my need…I wouldn’t have to pay tuition or housing while I’m there, just personal expenses. However, I would have to pay (and pay BIG time) after graduating…</p>
<p>I wouldn’t call giving out student loans “meeting need.” I hate it when colleges do that.</p>
<p>Ok, well then they met half of my “need” with grants and scholarships. This sort of makes me wonder: are all the kids at NYU upper middle-class/rich…I don’t see how anyone can afford this. =(</p>
<p>Many students underestimate the financial consequence of attending such an expensive institution.</p>
<p>Zoidberg,</p>
<p>GW is located in a in a nice part of D.C. and you have a burgeoning population of young people working in the halls of power (politics) in D.C. You have access to Georgetown, Foggy Bottom, Capitol functions. If GW has given you a lot of money and you like them, I would say consider GW very seriously.</p>
<p>Do well at GW. Excel in classes, GPA, and MCAT and you should get into a decent medical school without high debt to begin with. Then you just have to worry about medical school debt which is likely to be more than $200,000 by the time you attend (with inflation), unless you go to a state medical school. Even so, it will not be for free.</p>
<p>Also, GW is the only school I know that holds tuition and fees constant for the 4 years you are enrolled as an undergrad. It has both a downtown location and an option of living in a campus location. The area is nice with a lot of social/ cultural options for young people with very good food options off-campus (it is not NYC, but nice enough).</p>
<p>Yes, DC is nice enough, but you can’t really top NYC. I wish congress passed another defense education act like tomorrow</p>
<p>My S recently graduated from CAS. You have other great choices. It’s not worth the debt. Probably better academics and more personal attention at GW.</p>
<p>Oops, sorry I read that wrong, Zoidberg, You have not decided on pre-med, so you are not certain about your major. Certainly NYC is a fun place while you are exploring a major and field of specialization. But $140,000+ over 4 years to do so means that you are paying a high price to do your exploration.</p>
<p>Well, it boils down to whether or not you are willing to make the sacrifice later in life of putting away a sizeable amount of money each month to pay off debt for the privilege of studying and exploring who you are during college years with NYC as the backdrop.</p>
<p>That’s exactly what my thinking was, especially because I got into LSP. I could do a little of everything before I decide on Pre-med or anything else. It would be perfect. But I’ve been reading some of the other threads, and it seems like nyu very rarely entertains financial aid appeals.</p>
<p>Zoidberg,</p>
<p>Well, the practical arguments against going for an expensive education like NYU have been presented to you already. Yet you still seem very connected to the idea of attending NYU for the opportunities it can present you. Look for my PM to you after I finish posting this.</p>
<p>A couple of things you should be aware of:</p>
<p>1) NYU only recently awarded “merit” money to LSP students, so you actually are in a relatively good place compared to your peers past and present who got zip FA.</p>
<p>2) NYU has for the first time counted LSP admission stats into their overall school admissions rate. I read this to mean NYU is recognizing the school is getting to the point that competition is so selective to get in, that LSP spots are coveted. </p>
<p>Personally, I think it goes a long way to debunking the “step-child” status of LSP.</p>
<p>So, it tells me LSP has been a successful “experiment” for NYU and it is now in the process of being more fully “incorporated” into full status of NYU with these gestures.</p>
<p>I have also been impressed with the current LSP cohort of students and some of the stats and what they will offer the NYU community.</p>
<p>If you’re looking at NYU with awful aid and another great school with great aid, this doesn’t seem to be too hard a question. Coming from a current NYU kid, go where the money is.</p>
<p>apparently, nyu has the most total debt of any university </p>
<p>[The</a> Top Ten Universities for Student Debt](<a href=“http://gawker.com/5615933/the-top-ten-universities-for-student-debt]The”>The Top Ten Universities for Student Debt)</p>