Debt, debt, and more debt

@mom2collegekids I’m not doing pre-law, I am majoring in econ and according to US News, NYU ranks 7th. Source: http://www.usnews.com/education/best-global-universities/economics-business

I’m really not trying to argue, just trying to get different perspectives and settle my head.
Thank you!

What a travesty to be so victimized…

@GMTplus7 Probably poor word choice but I would hope you understood the meaning of my post.

@ClassicRockerDad I will go to Syracuse before ASU. I don’t want to continue going to school with peers, regardless if the school has a population over 40,000. I also hate Arizona with a passion.

No worries, mate. Your arrogant hyperbole & sense of entitlement came thru loud and clear.

I suggest you re-read all your posts in this thread…

You do realize that if your parents have “a lot of assets” you won’t get much - if any - FA from Cornell either, even if you get off the wait list? And inheritances have a funny way of not always happening. Why not just take the free option and work toward the grad school of your choice, be in NYU, Cornell, etc.? Your grad degree is 10x more important than your undergrad degree.

@GMTplus7 If you think my proclivity to choose schools based on prestige and ranking and my desire to be the most successful me I can be translated to arrogance then that is your prerogative. I do feel entitled to the best education possible and I am only posting to throw my possibly stupid ideas at people wiser than me so I may settle my head. If you’re not going to contribute then please leave. I have been very successful on my own merit and it’s comical that some adult (presumably) would rather attack a stressed high school senior rather than talk to him. Get a life dude.

@prospect1 My mom has a lot of assets but they’re for extenuating medical expenses so I have been appealing my finaid decisions. That is why I got 38k in aid from syracuse a year.

By all means (and you’ll need all those means to pay for it), go to NYU. I really don’t know why you even applied to Syracuse or ASU if they are beneath you, robbing you of a meaningful future.

People are just telling you that you, as an 18year old, can’t borrow $30k+ per year, even if you want to and even if your family won’t be hurting. If they won’t pay now, what makes you think they’ll pay later?

You do know you’ll be starting over no matter which college you go to–ASU, with all your classmates, you’ll probably never see any of them unless you want to. It will be a new set of people if that’s what you want. Do really, really well and strive for the best possible law school you can think of. Or heck, go to Columbia. You’ll land in NYC in the end and it will be a lot more fun than living the poor student debt life for so many years. Syracuse number 2, NYU-well, google the amount of students who can’t graduate because they can’t afford to finish their degree. NYU is notorious for bad aid and it’s only going to get worse.

Besides, with the amount of savings you’ll have by going to ASU, you could go to NYC every single summer and maybe intern there or something. You can have opportunities like that from any school.

@twoinanddone I’m not trying to insinuate that they are poor academic institutions, I just fear there are better opportunities elsewhere and that I would be giving them up. If I got into Harvard and Syracuse, am I not robbing myself of opportunities by going to Syracuse over one of the most prestigious institutions in the world. It’s the same principle here, all the schools I applied to are excellent in their own right. I am just trying to figure out if the opportunities at NYU are worth that extra debt or even existent. People definitely hype up these schools and I’m just trying to use discretion and my resources to decide.

@redpoodles Thank you redpoodles, I definitely see what you are saying. I do really like Syracuse and I am excited for Italy, I’ve already started talking to my peers. Thank you for the imput!

No. The opportunities at NYU are not worth that amount of debt.

thank you @happymomof1


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Then, you ARE prelaw.

@mom2collegekids I could be wrong, but I am fairly sure that prelaw is its own track that is a choice to be taken. I mean in all technicality I agree that I am “pre-law,” but not in the academic sense of the term.

That is assuming all schools can be lined up and #1 is better than #2 and certainly better than #5. To me, Harvard is not always better than Syracuse. For Journalism? If the student wants a school with big sports? On CC, people have argued that Stanford undergrad is not the best (I happen to disagree, but for some it is not #1). I never understand when students apply to all 8 Ivy schools. Why would Dartmouth be good for the same student who wants Princeton or Harvard? The schools are not alike.

For my own kids? I did not have them apply to schools by rank. We didn’t care and they wouldn’t be stimulated by the competition at Yale or Harvard, they would have been intimidated. Read the many threads about Big Fish/Small Pond v. Small fish/big pond. You might really shine at Syracuse as a Big Fish.

@twoinanddone I really hope so. I’m probably going to end up at Syracuse and ratings truly are arbitrary. I guess in some ways I am an elitist and I should work on that. Your post was really helpful, thank you very much. I’m not looking forward to shopping for winter clothes coming from Arizona though. Haha

There isn’t really such a thing as prelaw track. there are no course req’ts for law schools.

Some thoughts, in no particular order: 1) Go to law school if you want to be a lawyer, not as a path to doing something else.

2) Law school is not that hard to get into; law schools tend to be cash cows because there is little overhead, and so a lot of law schools focus on packing in as many bodies as they can get away with.
3) Getting a job as a lawyer is hard. Getting a law job at which you make enough money to pay off loans is even harder. If you love law and can see yourself busting your butt while you’re in law school and for many years after, go for it, but even then, don’t think that your desire and hard work will necessarily be sufficient.
4) Big fish, small pond: my younger daughter graduated last year with a major in economics and math from a college not on that list of 100 best schools around the world for economics and business. Her college is a highly ranked LAC. She is now working at the job considered to be one of the best positions to have after undergrad and before applying for Ph.D. programs in economics. She got this job by doing great in college (summa cum laude, Phi Beta Kappa), using her college’s career center wisely, and obtaining worthwhile summer jobs. I think she would have done as well academically at any college or university, but I definitely don’t think her not-in-the-top-100 economics degree hurt her at all.