Advice needed- is NYU worth the money?

@stellallets

Seeking clarification:

In post 1 you state:

IS your scholarship a merit scholarship or is it need based financial aid. IF merit, what is the fine print (what gpa do you need to maintain in order to keep your scholarship)

Even if you appeal due to your father’s job loss, how much do you realistically think that you are going to receive?

Post # 14

You do realize that you must reapply for financial aid every year. The more $$ you make, the less need based aid you will receive.

Regarding internal transfer to Stern

With a 10% internal transfer rate, it is highly unlikely that you will be able to transfer to stern.

NYU does not make it easy for students from your program to internally transfer anywhere.

Course equivalencies for internal transfer to Stern

https://www.nyu.edu/admissions/undergraduate-admissions/how-to-apply/internal-transfers/internal-transfers-stern.html

Core Program Curriculum - Liberal Studies

http://liberalstudies.nyu.edu/academics/core-program-curriculum.html

there is literally no overlap between the courses that you must take during your first two years in Liberal Studies and the course work you need to complete before you complete your second year in order to transfer to Stern as a junior.

If your parent applies for a PLUS loan and are rejected, yes, you will qualify for an additional $4000 unsubsidized loan. If your parent doesn’t have bad credit or hasn’t filed bankruptcy, it is likely he/she WILL be approved and then he/she can take out the Plus loan but you do not get the extra $4000.

Your aunt cannot take out a plus loan for you. She could take out or co-sign a private loan. That is really a bad idea.

Just be honest with yourself. You don’t have the money for NYU. Go to Providence.

get that aunt to cosign no big deal for her clearly and go to the school you want to - transferring t0 stern aint that easy but doable - nyu is a top school, you will have completely different experience and meet people from all over the world

I strongly advise you to disregard the advice in post 23. Everything the other people are telling you is correct. FWIW, I do not think NYU is worth any amount of money.

Listen, don’t borrow $120,000 for core liberal arts.

However you have two options, the lower reward, lower risk option, go to Providence on wonderful scholarship.

The higher risk, higher reward option is borrow $30,000 for 1 year of NYU, try to transfer to Stern in the Spring. If you are successful, then continue. If you are unsuccessful, you have sacrificed the Providence scholarship, and must transfer to an affordable, likely in-state option that may not be as good as Providence. If you live in NYC, that might be Baruch. Before I did this, I’d want to know what it would take to be able to transfer to Stern successfully.

Frankly, I think the Providence option is an excellent one, and as others are telling you, is probably what you should do. But I think the risk is $30,000+the Providence scholarship not $120,000+Providence scholarship as others are telling you, unless you’ve already overcome the 10% chance of admission into Stern.

The choice is yours.

Actually, the choice isn’t hers. OP’s parents can’t afford either NYU or Providence and she doesn’t have a cosigner. Her default safety is her local cc.

@ClassicRockerDad

Op’s Admission to the Core Liberal Studies Programs does not allow her to do any internal transfers until she completes the 2 year core. TheCore really isn’t filled with the kind of liberal arts core that you were possibly take in other schools. For example she needs a a set number of courses to transfer to stern including math. There is no math given as part of her 2 year core. Even the electives are set in this program.

^^Then this is a terrible idea

@ccfk1221

With all due respect…this is horrible advice. NYU is a fine school, but it’s not a “top school”.

Most importantly…it is NOT affordable for this student and her family.

Transferring to Stern…not probable.

Having $120,000 or more in debt for an undergrad degree from NYU is not sound financially for THIS student…especially when he or she has a WAY more affordable and good option.

IMHO, it’s in poor taste to ask affluent aunt to cosign such debt. Sure, she might say yes the first year or the second year, but at some point before you graduate, she may say no more cosigning, particularly if you didn’t get into Stern. Then what? You’d have to leave NYU with a lot of debt and no degree.

Go to Providence…excel!!! And apply to NYU for grad school or wherever

What is your intended major

NO https://www.theatlantic.com/national/archive/2013/08/the-expensive-romance-of-nyu/278904/

That is a great article, @bopper- thanks for linking it.

Don’t do this. Schools like NYU (non-stern), Boston College, and Boston U, GWU, Northeastern tend to be financial disasters for many students. You are essentially paying through the nose for the hip location with educations comparable (or lesser in many cases) than what you could get at a flagship U.