100k in loans for Northeastern University Computer Science degree???

Hey all! Saw a few mentions here, been busy with a friend visiting here in LA actually! Since you know the area, I’ll say that I’m working on Venice and leave that to you :slight_smile:

I skimmed over the thread and read a good deal but please do let me know if it seems I’ve missed something.

@amayaneely

Co-op and expenses
As far co-op pay goes, there are a few factors in play. If you don’t go to LA, you have to pay housing. You’ll likely want to go out occasionally and eat food regardless of where you co-op. Taxes, especially in California, will take a chunk. Getting a co-op in LA is no walk in the park your first co-op especially when you won’t have prior co-op experience to bolster your resume, which expands your options. There are about 40 NEU co-op’s in LA this semester for the whole school, about a quarter or less CS. That’s partially due to who wants to go where, but it’s still going to be much harder than Boston, or even SF/Valley area, where there are at least 40 SF co-ops in CS alone.

The bottom line for CS co-op is that I would assume you take home 10K plus any housing savings. Let’s assume you did 1 co-op in LA to be super safe. So, maybe 40K savings over all years. You can end up with more, but I would not consider it for making this big of a decision. I think 10K a co-op is a safe bet for CS.

Major change, other factors
@MotherOfDragons has an important point, and you have a fair reasoning for it, but it’s still a risk factor. If you leave CS before co-op, you’re taking on 100K for who knows what major.

As others have mentioned, make sure that borrowing that much is even possible before even putting it as an option on the table. Get familiar with parent plus loans vs federal loans and look up the exact payment schedules.

Re 5 vs 4 years and salary differences, at the very least it will even out as a wash over time. I absolutely would not rush out of school for another year of full-time salary.

Re @blountwil2 : Very good points on the when of the total cost. For the OP, this shouldn’t make a huge difference if the loans are structured to start on graduation but is something to keep in mind for yearly financials.


The reality is that you have a lot of great options in CA that will be much cheaper likely and not have all of these risks. I would agree with @ClassicRockerDad that it shouldn’t be completely off the table yet, but I would be assuming that you will have a much better offer elsewhere. I do think that fit can be worth a certain amount of money, and I know I don’t need to tell you about CS here.

Here’s what I would do. Forget about NEU for the next few months and focus on all your other schools. Wait for all the offers, crunch all the numbers, and before you decide, go back to NEU with a number to appeal with “give me X more $ and I will be able to safely commit”. Worse case, they say no. However, I say forget about NEU because I suspect you are going to have better options, and if you look as closely at them as you have at Northeastern, I think you will find great options with MUCH less debt where you can find at least comparable programs. I know for a fact other colleges have tech related living options and nearly all programs I know have female CS/STEM clubs and networks you can dive straight into.

Thank you, @PengsPhils I really appreciate the time you have taken to thoughtfully respond to my questions. I will definitely take this advice and keep you updated on where I end up!

P.S. If you are truly working where I think you are, based on the hint, HOLY CRAP YOU ARE LIVING MY DREAM!!! I’ve visited on 3 separate occasions and there is no other place I’d rather work! :slight_smile: I truly wish you the best of luck and thank you again for your replies!!

@PengsPhils Is this your second coop? Congrats on the exciting coop and great advice.

@amayaneely I can’t stress enough how important it is to get a few more AP 4&5s under your belt so you can factor that into your decision. Even if you only bring in 4-5 APs -you will save an entire semester.

Thank you! Glad to help!

@amayaneely Please do keep us all posted :slight_smile:

@suzyQ7 While it’s technically my 1st co-op, I have had multiple internships before it, and would actually have the course standing closer to someone going into their second/third co-op. As many know, Northeastern is a make your own schedule adventure, and is a rather unusual one, even by NEU standards.

What is the GPA requirement to keep scholarships at NEU?

Question. My son was admitted engineering. He has taken calculus, multi-variable calculus, linear algebra. He also got a 4 on AP physics 1, a 5 on AP physics, 4 on AP Chem, Will he get credit for all of these?

The required GPA will be on the award letter - it has typically been 3.0 (may be different this year with the new honor scholarship). I think they give you a semester to pull it up if you fall below one semester (anecdotal from one of my daughter’s friends).

You can only bring in 32 credits of AP classes. They will only give credit for classes from AP, IB, or another university. Your son may be able to move up to higher level math classes without getting credit for them.

The advanced calculus and linear algebra classes he will need to take at NEU are tailored specifically for engineering students (class name is calc for engineers) - he may want to retake so he gets the specific material that his other classes will assume he learned in these math classes.

The required GPA this year for students receiving the honors scholarship is 3.0

They’re lenient about the credit limit. I came in with 38 credits, 36 of which were from APs. I have a friend who came in with 44, all of which were APs.

what entry year did you get all those credits - the number of allowable AP credits was lowered a couple of years ago?

Someone may have all those AP credits but they will only apply 32 credits towards your degree.

Yes, you can only 32 credits towards your degree, but they will still count the other credits in terms of your student standing. I am a freshman so coming in with 38 credits gave me “sophomore standing” and essentially allowed me to register for spring classes slightly earlier than my friends with “freshman standing.”

NU is a great school with a great co-op program. That is really what sells the school on people. You basically have a job lined up when you graduate. Is this worth $100K in debt? It is a bit high but you can expect you get a high paying job right out of the gate compared to other college majors and grads. Remember, the business students are going to be 100K in debt and starting for less money. They do this all the time and they are supposed to be good at finance.

I agree it is always best to stay local. NE schools are very expensive and you can save money by staying in CA. Money aside, Boston is a fantastic college town with lots and lots of smart students walking around. You will make unbelievable connections with students.

Good luck. It sounds like you have a whole lot of packages to compare. One will be an affordable option.

Update!: I just got admitted to San Diego State University. Its a CSU so they dont give scholarships. Tuition is 7k but room and board is 14k so my total cost would be 22k per year. so around 90k for my degree total. Right around the same price as Northeastern.

Hm, I’m not an expert on the in’s and outs of CA colleges and did not realize the prices would be that close. Reexamining your math and also seeing that NEU is being receptive on the phone, I’m internally rooting a bit that you can get the cost down and it works out, but again, you’ve got plenty more offers ahead I’m sure! :slight_smile:

^ there are scholarships but you need to look for them online and apply once you’ve been admitted, they don’t give them automatically. In addition, there are state grants but you may not fall under the criteria.
I agree northeastern, if it’s only 4k more than SDSU, is a better value.

@MYOS1634 Just checked the online database for SDSU scholarships. All of the scholarships are expired as of late January. I’m guessing I should have applied before admittance? In any case, I guess this means full pay for me.

AHHHH UPDATE: I GOT INTO CORNELLL!!! MY DREAM SCHOOL! THANK YOU GUYS FOR ALL OF THE SUPPORT AHHH

That’s great, but with a $25k EFC is Cornell affordable? Isn’t it going to cost the same as NEU, minus the co-ops?