<p>I recently got accepted to NYU art education program for grad school.I am extremely happy I got accepted to NYU for grad school however I am afraid that I might have to turn NYU down because there is no way I will be available to afford it. Tuition for one year is going to cost me over $ 60,000 dollars. I applied for financial aid and was legible for a $60,000 dollar loan but the thing is, is that I am really worried about having to pay that loan back. I would hate to be in $60,000 dollar debt plus interest at such a young age. I'm only 22 yrs old. Who knows what my life would be like after college. I might not even find a job after grad school with the economy so low which would make it even harder for me to pay back the loan. I'm not sure if I should accept the loan or not. Any advice or suggestions?</p>
<p>This is a ridiculous amount of debt to take on without the guarantee of a job. Well, to be honest, it is pretty ridiculous period. You will be paying more than $600 each month for ten years (or more) to get rid of it. Google NYU+college+debt and you will find multiple horror tales from the lives of NYU graduates. You need to find a less expensive graduate school program. Wave NYU goodbye, and move on.</p>
<p>Our friends at FinAid.org have a whole bunch of handy calculators that will let you see what your loan payments will come to, and help you determine whether or not the salary you could have straight out of grad school will be enough to help you pay your loans down in a reasonable amount of time. Here’s one to start with: [FinAid</a> | Calculators | Student Loan Advisor - Master’s Students](<a href=“Your Guide for College Financial Aid - Finaid”>Your Guide for College Financial Aid - Finaid)</p>
<p>Harvard isnt worth 60K of debt for one year, let alone NYU</p>