Congratulations Incoming NYU Freshmen, Now It is Time to Get Down to Numbers and Cost

Colleges and Universities A-Z New York University
1

<p>To many who have asked about real costs of attending NYU, including tuition and fees, housing, meal plans, and miscellaneous, here are the numbers I came up with last year as a GUIDE ONLY for 2010-2011 NYU CAS costs. Keep in mind you have to add 3-5% for inflation each year and tuition and fees may differ somewhat depending on the NYU school.</p>

<p>These were numbers for the current CAS academic year (so add 3-5% for your freshmen year 2011-2012). Also, please be aware the numbers for misc. costs can be more or less depending on your own personal choices and lifestyle (e.g., lavish, thrifty, etc.). Here they are:</p>

<p>This was what I figured (from a previous post and after some research) for my son's expenses for CAS tuition, fees, books, housing, meals, and spending money (which I have decided will be $600/ month or approx.
$4800-5000 for my son for the 8 month academic year):</p>

<p>The following is an estimate and may not include miscellaneous expenses, depending on your spending style and choices for housing and meal plan.</p>

<p>CAS 2010-2011 Tuition, Housing, Meal Plan and Other Fees:</p>

<p>Tuition and Registration Fees: approximately $40,132
Housing: approx. $6700 (LCT or Low Cost Triple) to $15,600 (depending on dorm and type of room)
Meal Plan: approx. $2000 to $4000 (depending on # of meals in your meal plan)
Books: approx. $1000+ (depending on courses and where you purchase books)
Pocket $ and $ for off-campus Dining (to cover meals not eaten in NYU Dining Halls): Depends on your spending/life- style.</p>

<p>I figured a total of $62,000 for academic year 2010-2011 with pocket money, book fees, and $12,000 for double room and $4000 (approx) for the 175 flex meal plan, in addition to tuition and reg fees for my son.</p>

<p>By the way, if you live in a traditional style dorm, you must take the 10 meal/ week or 175 flex meal/ semester plan at minimum. The cost is $3730 for 2010-2011, so the Meal Plan cost should be closer to $4000 for the year (instead of the $2000 mentioned above).</p>

<p>I have my son's ESTIMATED expenses for 2010-2011, based on:
$40,000 for tuition and reg fees,
$12,000 for housing (double in a 4 person suite),
$4,000 for 175 flex meal plan,
$1000 for books
and $5000 pocket money and food purchased outside of dining halls. (I had determined $600/ month spending money for sonny who will have to eat 2 days of meals and breakfast meals on his own based on his meal plan; approx. 8 months to the academic year means $4800-5000 pocket money).
So the total is $62,000.</p>

<p>Also, figure in 3-5% increase in total cost for inflation each year.</p>

2

<p>I FEEL THIS IS AN IMPORTANT TOPIC TO BUMP UP. This may help some students think about whether or not they can really afford NYU or want to spend the money involved for a NYU education. NYU has done its decision-making in accepting you. Now you need to decide if NYU is for you. Certainly, the real total costs have to be considered and considered seriously.</p>

<p>To be honest, since I had to buy a new computer, clothing, boots, shoes, etc. for sonny, the first year’s expenses really came to $66,000-67,000 total for everything (tuition, housing, books, clothing, etc.). However, I know some of you can be very frugal and do without the $600 pocket money a month. Also, you may already have a good working computer, etc. So your total for the academic year can be closer to $62,000, though I consider that very tight if you are not living and eating at home. Plus, it will probably be more than $62,000 for your first year once the NYU Board of Trustees decides what the % increase should be for NYU tuition, fees, housing, meal plans, etc. in 2011-2012.</p>

3

<p>NYU - Fall 2010
07/11/2010 Stern Undergraduate Tuition $ 19,156.00<br>
07/11/2010 Stern Undg.Reg.& Svcs.Fee $ 1,583.00<br>
08/23/2010 Housing-12th Street $ 5,948.00<br>
08/23/2010 Hsg - Fall 175 Flex Meals $ 1,865.00<br>
Subtotal for requested Charges/Debits $ 28,552.00<br>
Other
Books: $750
Computer: $1250
Transportation: $580 (Thanksgivings + Winter Recess)
Personal Allowance: $600
Furnishing room (32", PS3, BBB, fridge, microwave): $2000 (some was his half)</p>

<p>NYU - Spring 2010
11/29/2010 Hsg - Spring 175 Flex Meals $ 1,865.00<br>
11/29/2010 Housing-12th Street $ 5,948.00<br>
12/05/2010 Stern Undergraduate Tuition $ 19,156.00<br>
12/05/2010 Stern Undg.Reg.&svcs.Fee $ 1,583.00<br>
Subtotal for requested Charges/Debits $ 28,552.00
Other
Books: $750
Transportation: $620 (Spring Break + Summer Recess)
Personal Allowance: $600</p>

<p>TOTAL 2010-11
NYU = $57104
Books/Comp = $2750
Personal Allowance = $1200
Transportation = $1200
Room stuff = $2000</p>

<p>Expense = $64,254</p>

<p>You then substract scholarships (if any - not to be paid back) and loans (Staffords + Parent’s Plus, which will need to be paid back) and come up with the difference (easier said than done)…</p>

4

<p>This is looking a lot more scary than some of the other threads. My daughter’s first year, we skimmed a lot of the expenses by doing a LCT in Rubin, waiving the health insurance and I gave my D 300.00 per month for personal incidentals. She actually managed with that amount. She did not work that first year. We did the 175 flex plan. She bought a lot of her books on-line. We also purchased her Apple through the NYU computer store and used their deferred option, which BTW is an excellent way of getting your computer with a little bit down and the rest spread out over 4 semesters interest free.</p>

5

<p>All right, milkandsugar, </p>

<p>Let us try again with some of your numbers. I had alluded to them, e.g., Low Cost Triple as an option that could change the numbers. That definitely can shave around $5000 off the bill. But the majority of people will not end up with or get assigned this Low Cost option. (LCTs and Singles? are in the minority compared to Doubles - most popular).
As I pointed out above:</p>

<p>“Housing: approx. $6700 (LCT or Low Cost Triple) to $15,600 (depending on dorm and type of room)”
Books: approx. $1000 (depending on courses and where you purchase books)."</p>

<p>Depending on type of courses, e.g., science courses may require some expensive textbooks.</p>

<p>I, too, recommend an online textbook seller/ re-seller to save on textbook costs if you know what books to order ahead of time or if you can wait until the first week of classes to order online and wait for delivery after a few days. As I stated in another thread, [Cheap</a> Textbooks & Used Textbooks | Textbooks.com](<a href=“http://www.textbooks.com%5DCheap”>http://www.textbooks.com) has some good prices for new and, especially, used books.</p>

<p>40,000 (Tuition and fees, estimated)
6,700 (Low Cost Triple, estimated)
4,000 (Min. Meal Plan Required for All Traditional Dorm Residents, Est.)<br>
500 (Textbooks, assuming really economical textbook buying, Est.)
2,400 (Allowance money at $300/ month, Est.)</p>

<p>53,600 Total (Estimated)</p>

<p>(No computer expense, no book supplies, no dorm set-up expenses, no transportation costs to and from school, no health insurance fee - if required, are figured into this total.)</p>

<p>As everyone can tell, the LCT dorm room is the big saver here. However, not many want to settle in a triple and probably in a non air-conditioned room. Also, the majority of rooms are not in this category. Some will opt for this because of significant savings. I remember great interest in this category last year. No one has brought it up yet this year. Maybe with the real numbers, more students will look at this option.</p>

<p>Also, remember, I indicated the pocket money figured in the budget depends on the individual. I remember one student living on $100 a month pocket money last year, as reported. Others had $1000+ a month for spending money. I came up with $600/ month as a middle of the road figure, based on my research and knowing that sonny is not too extravagant but I did not want him to live overly tight for him. (He shops a lot at thrift shops, no fancy name brands for him.)</p>

<p>So this is revised to give people an idea of the range in budget. I know it helps visually to see the numbers even though I made it clear there are variations depending on each person’s lifestyle and choices.</p>

<p>Remember also this is before the 3-5% increase expected for the 2011-2012 tuition fees.</p>

6

<p>Whew! Thanks evolving.
I know I’ve been spending a LOT of money over the past three years, but to see it laid out loud, makes me have indigestion lol.
I just put one foot forward and move along. Hard to see it blaring at me.</p>

7

<p>milkandsugar,</p>

<p>Any way to give “some relief” to us poor, over-extended “working-class (even if it is middle- class)” parents.</p>

<p>I am glad this helps your reality. Mine still stands as is, and our joint reality gets slightly more expensive each year. :frowning: </p>

<p>I think your child is at least one year ahead of mine? So you are closer to liberation from these economical chains?</p>

<p>Wow, I just saw that your child is about to complete 3 years, so one more year? Great!</p>

8

<p>Yes, the expenses keeps going up. One more year and it’s crunch time. We will have the parent plus loans to pay back, but I’m not too concerned about that. The hope is that my D secures a job after graduation. So she can be self dependent.</p>

9

<p>What field is your daughter in? I missed that. I know you are a nurse. Is she in a science-related field. I hope she will get a tremendous job to help pay back some of the loans. The good thing is the job market has been improving quite a bit, compared to two years ago, when a friend’s daughter, a newly minted NY Bar-Admitted attorney was not able to find any work. :(</p>

10

<p>Double major psychology and art history. She is narrowing down her interest to being a psychologist. She talking about poss grad school then eventual Phd.</p>

11

<p>uh-oh, milkandsugar, </p>

<p>She still has a long ways to go and psychologists do not get rich, maybe eventually make a comfortable living after all the debt is paid off. (I know because my doctorate is in Clinical Psychology.)</p>

<p>She will work before grad school?</p>

12

<p>Hopefully, yes, she would work. I think it would be good to take some time off. We told her we would Pay for undergrad except for her federal loans. Grad school is on her, unless she goes to a CUNY, then we would help her. But I have to start working on my own retirement.
We have always encouraged her to find and do what she is passionate about and not what will make you rich. Our philosophy is that if you love what you do, money will follow, eventually because you stick with it and are passionate about it.</p>

13

<p>Your D is fortunate to have parents who encourage her to find her own passion. It is the “healthiest” but not necessarily the easiest. But the alternative is to do something that you may not be content with. That would be a shame since we spend so much of our time on our jobs.</p>

<p>Sigh, but at times, I do wish I had chosen to go to business school (I love investing) or medical school (I got a free ride to CUNY’s SIX YEAR combined college and medical school program, with free NYC apartment, stipend, etc.) I probably spent as much time in my training as a medical doctor, so the payoff is not great. All this in light of what the kids have to consider here cost-wise. I chose the field out of love, but the reality is the work is made difficult by the politics. Loved the work, hated the politics. So, in the end, I’m not sure the idealism is worth it. That is me. Haha, I enjoy the CC forum though.</p>

<p>I was fortunate not to have much debt (much more grant money in our days), except for graduate school and that was $25,000, nothing in today’s terms.</p>

14

<p>Same thing in my profession. I love the work, but hate the politics. I dont tjink one can escape that in any field of work. With that said, it’s better to love what you do. Think about dealing with the politics AND not liking what you do. I’m hoping that my D can see her way to some type of private practice. She doesn’t see herself working in a box. Hopefully she can find something creative.</p>

15

<p>Is it true that NYU gets significantly more expensive each year?</p>

<p>And is any concrete data about tuition fees posted on NYU yet?</p>

16

<p>obutto,</p>

<p>This is the only official “concrete” actual data posted by NYU for 2010-2011. (You will likely have to wait until early June 2011 for the actual, “concrete” numbers from NYU after the NYU Board of Trustees meets.)</p>

<p>[NYU</a> > CAS > Bulletin 2010 - 2012 > Tuition, Fees and Financial Aid](<a href=“http://cas.nyu.edu/object/bulletin1012.ug.financialaid]NYU”>http://cas.nyu.edu/object/bulletin1012.ug.financialaid)</p>

<p>However, each year, NYU provides a “preliminary, estimate” of the cost for the upcoming academic year at around this time. Take a look at SIXELA295’s finding:</p>

<p><a href=“http://www.nyu.edu/content/dam/nyu/financialAid/documents/tuitiongeneral2011-03-25.pdf[/url]”>http://www.nyu.edu/content/dam/nyu/financialAid/documents/tuitiongeneral2011-03-25.pdf&lt;/a&gt;&lt;/p&gt;

<p>It should be close enough. Just be aware that $1000 budgeted for personal expenses for the academic year is a little over $120/ month, which is barely subsistence unless you figure on staying in your room studying or taking in mostly free events with little eating out. Also, nothing was figured in for transportation or dorm set up cost (e.g., buying or renting microwave/ fridge).</p>

<p>Last year, NYU had provided something exactly like this which I worked off to develop the budget I shared at the top of this thread, except with more specifics based on my son’s choice of dorm and meal plan, as well as his budgeted personal expenses.</p>

<p>Finally, I am not sure what you mean by NYU getting “significantly” more expensive each year. It is generally a 3-5% inflation increase and this applies to most colleges. GW is the only college I know of that holds TUITION AND FEES constant for its students for 4 years (not room and board though). At least that was true up through last year. Not sure if they are still keeping this policy (hope so, because it is a good one, from the student’s and parent’s perspective).</p>

17

<p>Almost all information is too good and impressive.For long time I’m looking for this type of information.</p>

<p>[Used</a> Textbooks](<a href=“http://textbooks.org/used-textbooks/]Used”>Used Textbooks – Save Up to 97% | Textbooks.org | Compare Textbook Prices)</p>