^ that’s the point. There can be no financial responsibility for the children in that deal*- and for 4 years at NYU they would mortgage any possible future they might have working there later on. Of the dream is working in NYC, NOT attending NYU is often the best way to protect the child’s dream.
When a NPC shows that a college is totally unaffordable, why waste time and money in applying there?
@MYOS1634
13 Ap classes All 4s and 5s
4.6 GPA Was 4.5 when I applied to NYU - online class
33 ACT
1520 SAT
770 Literature SAT Subject test
760 US history SAT Subject test
I got into UChicago EA with a way better package, and NYU is reconsidering but it will probably
not be much better than what they originally gave me. NYU did say I don’t have to uphold my ED agreement.
@nybdsm They are currently reconsidering my package, although it took a lot of phone calls to get them to do it. They also told me that I do not have to uphold the ED agreement as my need was not met.
@RB55 You got into UChicago with a “way better package”??? It’s a “way better” school. You’ll still be in a world-class city and will have “way” less debt when you graduate – and a degree that’s worth “way” more.
You got into UChicago?! With a “way better package”?
And you’re still considering nyu??!?!!!?!!! 0_o
In case you’re still considering…
U Chicago is such a better school than NYU it’s not even in the same universe (U Chicago is equivalent to Ivies like Yale), it’s in a big city, and it’s financial package actually allows you to graduate from there and, once you have a degree, frees you to look for a job in NYC if you wish (understand that the level of debt nyu expects makes some jobs impossible due to background checks on debt and makes it virtually necessary for you to go back to your parents and live there after you graduate, taking whatever job is within driving distance of your parents’basement rather than taking a job useful for your career.)
Yes, they effectively released you from your ED agreement after they gave you such a package.
@RB55 so happy to see things are starting to come together for you. My daughter got into UChicago as well (ED) so I have my own bias:). While I agree with MYOS1634 about school rankings, if affordable, you have to go with the school that fits you the best. Not sure if you have visited UChicago but while accessible to the city, Hyde Park is not close to downtown. In additon, UC has a accedemic culture rather than a social networking culture.
Not saying this is bad (my daughter fell in love with UChicago during our first visit). Just that they are different schools with different cultures.
Good luck with your decision! Great to have win/win opportunities. Let us know what you decide to do (go Maroons…just kidding).
Um do you know how prestigious UChicago is? That school is amazing, and if they gave you better aid, I definitely recommend going, it’s literally one of the best schools in the country and Chicago is a great city (other than the areas filled with crime lol) so that’s a great option to have. NYU is a good school and all, and since you applied ED1, I assume that you really wanted to go, but UChicago can give you just as much, if not more.
It is so funny you said this about NYU. My son applied RD to NYU just for shitts and giggles. He wants to go into business/accounting. He got into Binghamton SOM and other SUNY’S. He applied to NYU just to see if he can get into Stern. It is a looooong shot. I agree with you. I went to college in the late 70’s early 80’s and NYU was nothing special. it was a school where if you had 25k (at that time) and had a solid B average, you would get in. Now, NYU thinks they are Columbia. They are not!! Again, NYU is an excellent school, but it is no IVY and never will be. It is obscenely expensive and I feel there are many better affordable options.
@euve69 Stern has networking and connections that schools like the SUNY’s do not. It depends on where you want to end up in the business world.
I did send two D’s to NYU for the arts. But I was convinced (like you) that if you got into the business program in Binghamton and graduated with top grades, that where you went undergrad wouldn’t matter.
I have several friends whose children are now 4 or 5 years out of undergrad, having worked in top accounting firms in NYC, and who have recently applied to top MBA programs.
The assumption was that their good NYC jobs, top grades from Binghamton and stellar gmat scores would now open doors to top/ ivy full time MBA programs. And it did not!
It seems that the the prestige factor is alive and well in recruiting for these full time MBA programs and subsequent recruiting for coveted internships at top firms for finance, consulting and even marketing.
Parents who were 100% convinced that grad school would open doors, now regret that they didn’t send their kids to more prestigious ( private) colleges because they feel the SUNY’s are now holding them back and their children are not getting into top MBA programs and firms. Many just went with the SUNY’s and didn’t pursue privates even though they might have gotten merit or financial aid to reduce the cost of tuition.
Now not everyone has such lofty goals and I’m NOT saying there are not paths to being very successful post Binghamton. But I will say that I was stunned at how going there has (unfairly) closed the doors for some kids.
I agree with you 10000000%. The key, like you stated, is, what do you want to go on to pursue? If you want to go into investment banking and you want to work in the front office, you bet your bottom dollar that you have to go to a top 20 business school such as NYU. No argument there. If you want to go to a IB firm and work in the back office, then yes, Binghamton should be fine. Investment banking front office jobs are really all about the prestige factor like you said.
However, my son wants to go into accounting, so to spend 70k per year to get a CPA license is crazy when Binghamton, or Albany will give you the same recruiting opportunities. The big 4 accounting firms all flock to Binghamton.
Bottom line, you have to know what area of business you want to go into, like you stated!!
@uskoolfish I found your post interesting because my D. just shared a blog from Columbia University where students there, and at Harvard, were complaining about not getting into Ivy business schools. The suggestion was that these business schools were striving for diversity and capping the number of students they would take from their own undergraduate colleges. She also said there were rumors that the Ivy business schools limit Ivy League enrollment to 15% of their student body.
That said, financial aid from the Ivy League universities and places like Chicago is outstanding. You can graduate 100% debt free. I recall my D. being offered about $30K (per year) in student + parent loans by NYU. Chicago and Columbia offered 100% grant aid with no loans. It was a no brainer.
@exlibris97 I’m not saying that if you attend an Ivy, you automatically get admitted to a top 10 or 20 business school for a full time MBA. You still need top GMAT scores and a good resume. And the prestige factor is not just limited to Ivies (think U of Chicago, Duke, Northwestern, Stern, etc.) But good students who attend most state schools are at a real disadvantage —even with high GMAT’s. Yes, top schools are aiming for diversity— but there are enough diverse candidates from prestigious undergraduate schools to fill those spots. They might be admitted with lower GMAT’s or grades, but they still come from good schools. Also remember that many of the top MBA programs are not Ivies—Stanford, MIT, Berkeley, etc. In general, many schools do not want their grad students to come from their own undergraduate class, so I’m sure that cap exists for more than just MBA programs. But I haven’t heard of Cornell not taking Princeton students or Yale purposely rejecting Harvard students.
My D is currently attending Stern for her MBA. She received her BM degree in Vocal Performance from NYU. I think attending NYU really helped in her case. She benefitted from the prestige of NYU and her double minors in business and English (and how her NYU degree helped her get positions in some of top entertainment companies.) She also is a diverse candidate and got a full scholarship. Her cohorts who got scholarships to top MBA programs through this scholarship program all attended top schools, so I am speaking from experience.