<p>Well, it's clear that NYU doesn't offer much financial aid. So, how much more is it worth paying for NYU instead of going to a SUNY like say Binghamton?</p>
<p>That’s up to you isn’t it. Everyone has their own opinion.</p>
<p>A lot of people ask this question, and it was a question I asked myself. It’s entirely up to you.</p>
<p>I don’t think you’re going to know unless you attend and see how the job market treats you with your degree…</p>
<p>In term of job and **** its worth alot</p>
<p>In terms of a college experience meh…</p>
<p>Assuming you do not receive any financial aid. and assuming tuition/expenses run you on average 40k a year. a 4 years education will push you to about 120k. If you take out 120k in loans, you will probably end up paying back 150-200k depending on your rates ect ect</p>
<p>Here is the ideal scenario::
you attend stern, you end up with a strong degree / GPA, you intern at a big bank over the summer of your junior year and they extend the offer for after you graduate. great! average entry level salary will be 55-60 with a 10-13k sign on bonus your first year and additional Christmas bonus.</p>
<p>Here is a manageable scenario::
You graduate and unfortunately did not receive an offer from any big banks. You work for 40-50k a year at a smaller firm.</p>
<p>Here is the worst case scenario::
You graduate from stern with no offers and you work part time while trying to land a decent job. In this scenario if you do not find a job before your grace period ends, you can negotiate payment plans and ask for an extension on your loans.</p>
<p>the difference between Binghamton and NYU is , you have more ideal scenarios at NYU</p>
<p>^</p>
<p>I’m fairly certain that the average starting median salary -not including bonuses- is 60,000 a year for Stern grads, and close to %100 of graduating seniors get jobs. This is anecdotal, but it’s not uncommon to hear of or know people who make 100k+ a year with bonus included right out of Stern.</p>
<p>^</p>
<p>You need to take into account that the people who actually participate in placement surveys actually want to report their income and how well they are doing. Also, only about a handful of graduate will have a top IB jobs out of thousands in Stern. There will always be that one kid who is making 75k with a 30-40k bonus his first year before taxes but it definitely isn’t the norm.</p>
<p>I got an offer from a BB for S&T and I can tell you it is worth it. You get paid 70 k + 10-20 k in bonus straight out of college. That means you can pay off your debt with ease. My friends in other top Public universities aren’t getting anything even with their 3.9 GPA.</p>
<p>^</p>
<p>Should also take into account the tax rate on bonus is usually higher. Also if you are making 70k base in NYC, after fed and state tax, your take home is about $1900 every 2 weeks not including 401k and benefits. </p>
<p>Your loans are manageable but you should be realistic and not believe a 100k debt will be easy to repay.</p>
<p>Honestly, immense debt for any degree from any school is not worth it. But for grad school, debt is certainly worth it in the long run.</p>
<p>^ A generalization whose validity varies heavily depending on specifics.</p>
<p>50 k in debt for NYU Stern undergraduate is far more worth it than 25 k debt for your masters in liberal arts crap. </p>
<p>When we talk about law school / whatever, it “MAY” be a little different. Though I’d rather take my chances in this economy with only a BA from NYU Stern than a law degree from University of Chicago or whatnot. </p>
<p>That whole “graduate degree is needed” talk really is an absurd generalization that can lead students to screwing themselves over in debt and useless degrees when they could be making a far better living with only a BA. The real world needs to use you as a tool for its purposes, don’t add useless junk.</p>