Default rate at NYU is only 3%, which is much lower than average. Add in the cool experience of living in unaffordable NYC for 4 years … and a highly ranked school with apparently good job outcomes
72% graduate in 4 years, which is really fast …
it’s none of our dang business …
the decision to take on student debt is personal …
the decision to default or being lured into taking useless loans … taxpayer issue
In many ways, taking on student (not PLUS) loans of 25-30K is basically the same impact for a poor student as a rich student … still got to make those payments out your starting salaries (unless daddy is going to pay those back which I think probably happens less than freshman hope)
I’d even go so far as to say with that NYU degree, you are no longer one of America’s poorest students … you have more income earning potential than 90% of your peers
There are people who buy BMWs no matter what the cost, I am doing this … and people driving used Corollas and putting $$ in the bank.