<p>She was also in Tisch for film. It is clear that the only people successful in film are the ones that are wealthy. Just take a look at NYU’s top student filmmakers. I sympathize with her because it is a huge debt, but it will be paid off in time. </p>
<p>CC is the first to scream ‘public schools are cheaper!’ or ‘NYU is overrated’ and other condescending slurs. There are students at NYU - and similar top universities - in that much debt, but have landed amazing jobs because of NYU. College isn’t about training a person for a job. College isn’t about saving money. It is about experiencing life, making connections, and figuring out who you are. It is that experience and the name that will launch you to your dream career. </p>
<p>I remember my first internship. I applied to a political consulting firm on a whim, figured that nothing would come of it. I received a response a few days later for an interview. I go to the office and the interviewer tells me that she attended my high school (suburbs of New York). We spent 95% of the interview discussing our high school and then the last 5% as to what I would be doing there. I received an offer within a few hours after I left. Now imagine the connections you have with NYU’s alumni network in the city. </p>
<p>State universities offer an inferior education. There is a huge difference between SUNY and NYU - both in terms of student intelligence, mentality, competitiveness, and success. Some state students do make it farther than the name of their school, but most don’t. And why would an intelligent person waste their time surrounding themselves with them? CC is so quick to think of the financial aspect of it, but you fail to consider the emotional and psychological aspect of it. Money is relative to time.</p>
<p>You always hear stories of how hamburgers only cost 5 cents, and a Coke was pennies. Yes, that was many years ago. But just the cost of burgers, the cost of your education will be relatively less as the years go on. In 20 years, $170,000 in 2011 dollars will be the same as $83,000. 30 years is $58,000. Hardly anything!</p>
<p>Graduates are not going to make the same amount every year for the next 30 years. In just a few years, she will be making more than she is now. Incomes rise in terms of years of experience and the economy. 10K a year was amazing in the 60s. Look at it now - beyond poor. What does that say about her income now and in 5 years? 10 years? 15 years? </p>
<p>I’d say that by the time she is 30, she’ll be in a much better financial situation and she won’t mind the loans. She would have accepted them, and she would have realized that it was a high cost, but it is manageable. </p>
<p>We don’t hear about the stories of people taking out 200,000 and then paying it off without a problem. We only hear about the people who are struggling. And we’re all so quick to call her stupid and dumb.</p>
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<p>This is very true. The problem is that NYU’s endowment is relatively new. NYU only recently started to pick up traction as a contender for the best schools in the world (early 90s, really). The students before there were strong, but not nearly as strong as they are now. NYU has a ridiculously small endowment now, but in twenty years when its current students are successful, it will grow incredibly. Harvard, Yale, Princeton, and the like, have all had decade after decade to build their name and reputation. NYU has built their name both nationally and international. NYU is opening up campuses in Abu Dhabi, Shanghai, and extending to Washington and Sydney. </p>
<p>While my parents make over $150K a year, their expenses are just as much as their income and cannot afford to take on my whole NYU tuition. I am taking out loans for my education, but both my parents and me understand that it is a risk and it might not pay off. But it will always be with me. And I’m sure my parents will free up finances for the future. It’s a tough economy now, but it will be improve in years to come. It is inevitable.</p>