<p>Could these stories get any closer?</p>
<p>[Your</a> Money - Another Debt Crisis Is Brewing, This One in Student Loans - NYTimes.com](<a href=“Another Debt Crisis Is Brewing, This One in Student Loans - The New York Times”>Another Debt Crisis Is Brewing, This One in Student Loans - The New York Times)</p>
<p>Anyone else wonder where the OP went?</p>
<p>New poster, 12 posts to his/her name…are we being played?</p>
<p>^^^</p>
<p>Are you talking about Juliang? She’s not a ■■■■■. I’ve noticed her posts before. We aren’t being played. </p>
<p>She’s just naively thinks that if she wants something, she’ll get it. Her essays to NYU were probably all about how much she’s dreamed about going, her stats were modest, but NYU admitted her as an admit/deny hoping that she has some treasure chest of money (rich granny or something) to pay. </p>
<p>Since NYU is a FAFSA-only school, I think it admits some very low income kids with poor packages hoping that there is an affluent NCP or something out there who will be a cash cow for NYU.</p>
<p>In fairness to the OP, with the latest volley of very very harsh posts that have been posted here, who can blame her for not posting.</p>
<p>^^^</p>
<p>She’s not posting in this thread because she wants “new ideas” and there aren’t any. She is probably coming back occasionally (just to read) in hopes that someone has come up with a solution, but after finding that it’s just more of the same, she doesn’t bother to post. </p>
<p>The fact that others are posting “more of the same” isn’t “piling on.” It’s actually beneficial for the OP to see that many, many others have the same opinion. If only 2 - 3 people had posted similar opinions, she would think that only a minority opinion was being represented. When she sees a variety of posters all essentially saying the same thing, she has to stop and think…Wow…maybe I am being very naive. </p>
<p>I imagine that she’ll spend the next few days contacting her affluent friends to see if any of them will co-sign and then she’ll have her final answer. </p>
<p>Hopefully, then, she’ll be open to thinking about a Plan B</p>
<p>While I agree that the OP’s plan is short-sighted, it is also short-sighted to ignore the piling on that is going on here. Hopefully she is looking at options, but she didn’t have to be hit in the head with a 2X4 to redirect her. Come on. </p>
<p>She is sad and upset. Being mean to her would not invite her to come back and chat more. So maybe she isnt posting because she is tired of being attacked. Just sayin’</p>
<p>The only post that I thought was particularly harsh was Square’s post which I discounted thinking it was a kid posting. I don’t expect the OP to come back because the OP is not getting what the OP wanted which was an answer how to “find” $100,000+. We can only hope that the OP can find a Plan B in the next month or two.</p>
<p>I am in agreement with jym626.
She probably thought it was all possible, deposit paid, plans made, feeling very proud and now at the last hour she is getting a reality check… The saying is true, “the old eat their young.”
Give her a break. She is young and hopeful… Remember when you were?</p>
<p>No. I’ve had better adults guiding me. Her problem is that there have been too many people around her not telling her what’s possible and what isn’t possible. I think if this was her fall of senior year, everyone would be gentler, but this is a month away from making a payment. Few people were trying to be explain the situation to OP, but she got upset because she wasn’t hearing what she wanted to hear. It’s like when someone is hysterical, you just have to shake them (or slap them) to make them come to their senses. Harsh, but at the end it’s probably better she gets it now rather than later.</p>
<p>I think the posters here have been driven to be harsh because the OP seems to be so willing to get into debt that in all probability would end up killing her hope and youth. Better to hear lots of voices of reason now. It’s hard to stand by and watch another young person fall into the NYU black hole of debt. Whether or not she posts, you can bet she’s reading every word.</p>
<p>I agree to some extent, but think about it. If her family’s EFC is O, I don’t think she had a lot of people and resources around her to guide her properly. It isn’t all her fault. Just sayin.</p>
<p>Of course it’s not her fault. And clearly she has not been guided. So what’s a poster to do? She was not hearing gentle messages. She was/is headed for a train wreck. Let her find out the hard way? Anyone who has counseled kids knows that tough love is sometimes necessary.</p>
<p>I’m with oldfort.</p>
<p>It’s the timing of the OPs post that is making me and I suspect, others, a bit harsher than we ordinarily would be. </p>
<p>I shared before that our family faced a similar situation but son was forced (by us!) to face the reality earlier and thus could move on to his other fine options.
It does seem that the poster has not had knowledgeable and responsible advice till now.
The OP must have good stats to be admitted to NYU and hopefully, other choices.</p>
<p>It’s the insistence at this late hour that has some of us alarmed.</p>
<p>Milk and Sugar…I realize that you have a child at NYU who has a good scholarship and parents who are helping to pay, so you probably don’t like seeing all these harsh things being said in relationship to NYU.</p>
<p>However, your high-stats child is an exception - less than 5% of NYU students get scholarships - most low/moderate income kids get lousy aid packages. </p>
<p>NYU practices admit/deny and “over-admits” in hopes that these kids with lousy aid packages will find some affluent NCP or granny who will come forth after state and fed aid pays. I doubt NYU wants kids to borrow $100k+ - especially if they’re not going into investment banking/high finance with big salaries. But, they want seats filled, so they’re not discouraging desperate kids from doing this. </p>
<p>Most of the posts weren’t mean…they were firm and direct…which given the time constraints (school starting in a couple of months) were needed. There was no time for “■■■■■ footing” the situation or offering false hope. </p>
<p>She also needed to hear the same/similar response from various parents, so she would get a clear message that there isn’t a solution to this problem. No one can point her to Bank XXXXX that will ignore her parents credit and give her the money. </p>
<p>There have been other similar threads from kids who’ve expressed this “if I put my mind to it, I can make this happen” - attitude. However, usually after hearing firm words from many parents, the student often realizes that his/her youthful hopefulness that worked for high school success, won’t work to get large amounts of money to cover huge gaps for college. Heck, if such an attitude could work such miracles, why don’t they put their efforts to improving their family’s financial situation? </p>
<p>She created this thread knowing that there are experienced parents at CC, so she thought maybe someone knows that calling the right bank or apply to the right scholarship would lead to $100k+ for her 4 years in college. If there were such answers, everyone would be able to easily go to pricey colleges. </p>
<p>The student obviously has parents who are as naive as she is. They obviously tried to apply for these large Plus Loans KNOWING that they’re low income. Even if they thought their D would eventually be paying for the loans, they were in denial about how such loans would be like nails in the coffin for her future life. </p>
<p>I don’t mean to be harsh, but sometimes low income/bad credit parents are not the best ones to advise these kids about money matters. Perhaps they are looking to their kid to succeed and pull them out of their present situation? I don’t know. But, obviously, they aren’t suited to financially advise in these situations. </p>
<p>To a low income person, they may think it’s easy to make loan payments of $15k per year (or more) if you’re making $60-75k+. (They may not also realize how long it can take to get these jobs.) They may think…hmmm…if I make </p>
<p>A low income person may not understand how much is paid to taxes (since low income people don’t pay income taxes and often GET tax credits). They don’t realize the impact of having to pay high rent in the locations these jobs are located. So, they may think …hmmm…$70k earnings - $15k in annual loan payments = more than we’re living on now. Hurrah!!! They don’t figure in income taxes, high rent for NYC or LA (where film jobs are often located) and all the other expenses associated with a successful career.</p>
<p>Does anyone know which CUNYs and SUNYs have some kind of film program?</p>
<p>OP, I’ve got a new solution for you: change your dreams from the immediate future to the long-term. You want to work in the arts, and/or live in NYC? Then that’s the big dream. Tisch is a means to that end, not the end in itself. People here will be able to help you figure out how to best pursue that dream, even if it’s not through the path labelled NYU.</p>
<p>I was thinking of this thread this morning when I read the LA Times financial advice columnist. OP, here’s someone like you, maybe 6 years in the future. [Business:</a> Few options exist for erasing student loan debt](<a href=“http://m.latimes.com/inf/infomo?view=Business+Items&feed:a=latimes_1min&feed:c=businessnews&feed:i=54239908]Business:”>http://m.latimes.com/inf/infomo?view=Business+Items&feed:a=latimes_1min&feed:c=businessnews&feed:i=54239908)</p>
<p>mom2collegekids, I totally get it. My daughter did not get a very large scholarship. In fact I get very irritated when she tells me what kind of FA her friends have received. I have met many of her friends and roomates and NONE of them come from wealth. I of all people are not too happy with the way NYU does business, but I only know this because I have experience with NYU after 2 years of being in it. I, even as an adult going forward was not prepared to the ways of FA. We are fortunate that we were able to pay a large part of her COA, less her taking out her share of the fed loans. We all make sacrifices and make decisions. We are not rich, we don’t have any grannys around, let alone rich ones. We are a small family that just work hard, mind our own business. I’m a nurse and my husband is a teacher, not the rich saps one talks about going to NYU. So yes, my hair raises up when people trash talk the school my daughter attends. It is not for everyone. But it gets a lot lof press because it is a high profile school, a #1 dream school and a very large school. Believe me, ther are many students on other lesser known campuses who will graduate with large amount of student debt. NYU is no exception. But did you know that NYU sent out letters to many of it lower income students, that accepted admission, warning them about the taking on debt for their school last year?
I wonder if other schools have adopted that practice.
The OP is hopeful. Believe me she heard everything the posters had to say.
Sometimes the truth hurts, but when you rub their noses in it , it is a little resentful.</p>
<p>
I think that is well said. There is a difference between being honest and being brutally honest.</p>
<p>But did you know that NYU sent out letters to many of it lower income students, that accepted admission, warning them about the taking on debt for their school last year?</p>
<p>I know that NYU (and a couple of other similar schools) were pressured by a Chicago Enrollment Management consulting firm to start doing this after too many low-income families were taking out huge loans.</p>
<p>I’m glad to hear that some of these schools are doing this. I am interested, however, in seeing what these schools actually write in these letters. Are they firm? Do they spell out the likely loan payments and how little young people usually have left over after paying their personal expenses after graduation? Or, are they kind of lukewarm warnings?</p>
<p>*I think that is well said. There is a difference between being honest and being brutally honest. *</p>
<p>There are times when brutal honesty is needed. This is one of them. Would you rather everyone soft-pedal the situation and then later give taunts of “I told you so”???</p>
<p>Here’s an article about NYU’s outreach to prospective students [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/?sid=at&utm_source=at&utm_medium=en]NYU”>http://chronicle.com/article/NYU-Looks-for-a-New-Approach/65808/?sid=at&utm_source=at&utm_medium=en)
</p>