<p>Those who have posted for a while on CC or worked as a counselor as did I have seen too many kids fall in love with NYU and then end up in a bad situation deciding between not going (often too late with no good options) and extreme debt.</p>
<p>I think we jump in on the money front to hopefully help avoid another heartbreaking thread titled something like “Emergency-need $30K private loan right away.” We click on it and there’s yet another NYU admit who has just figured out no one will loan them the money they need. Most still have not figured out how insane even being willing to borrow that much is.</p>
<p><a href=“http://talk.collegeconfidential.com/financial-aid-scholarships/943312-emergency.html[/url]”>http://talk.collegeconfidential.com/financial-aid-scholarships/943312-emergency.html</a></p>
<p>Then we read articles like a recent one in the NYT where a jobless recent grad lamented that she wished she could give her NYU degree back becuse the debt is ruining her life.</p>
<p>Even NYU realizes how bad the situation is. In the admissions season before last they decided to make calls to low income acceptees to explain the considerations surrounding the debt they would have to take on. Unfortuately they discontinued the effort when they found it had done nothing to stop the borrowing. NYU is the number one dream school in the US and families were willing to do whatever it took.</p>
<p>[NYU</a> Looks for a New Approach to Help Families Understand Student-Loan Debt - Administration - The Chronicle of Higher Education](<a href=“http://chronicle.com/article/NYU-Looks-for-a-New-Approach/65808/]NYU”>http://chronicle.com/article/NYU-Looks-for-a-New-Approach/65808/)</p>
<p>So forgive us for where the thread went.</p>