I dont know what to do ... no money

<p>My financial package for BU’s SMG )=</p>

<p>BU GRANT 15,500$
Supplemental University Grant 2000$
Academic Competitiveness Grant 750$
Federal SEOG 2500$
Federal Pell Grant 4281$</p>

<p>TOTAL : 25,031</p>

<p>other
Federal Direct Subsidized Loan 3500$
Federal Work-Study 2500$</p>

<p>grand total: 31,031</p>

<p>i think tuition is around 39,000 and room and board and everything else will put that to 51,000… Does that leave me paying 20,000ish a year?</p>

<p>I haven’t given them a response yet … I dont know what to do. Will this put me in huge amount of debt? im majoring in finance and i want to get a MBA degree too… </p>

<p>Should i stay at new york (where I currently live) and attend Baruch which is like free tuition for me?</p>

<p>i visited BU and i loved the campus and its area… but the city itself made me feel pretty gloomy so im not sure if i’ll like staying here. i love new york and my family so i’m unsure of what decision i should make… please help me.</p>

<p>thx</p>

<p>why does the city make you gloomy? did you visit on a rainy day?</p>

<p>i think boston just doesnt appeal to me… or maybe i keep thinking about missing my family and the city life in new york.</p>

<p>new york is really different frmo boston imo. boston seems… like theres not much to do. when im in college, i dont want to study and do homework, stay at dorm 24/7. … i already did that 4 years of high school and i regret it. so i want to be a bit loose on this college stuff if possible… any recommendations as to what i should do? </p>

<p>how is the workload at BU?</p>

<p>If you have no money & love NYC, then study at Baruch for free.</p>

<p>^esp. if you’re planning on an MBA. You don’t want to go into grad school in debt.</p>

<p>i feel like i’ll miss the dorm experience though… how much debt will i be in? is it 20,000ish x 4 = 80,000 debt by the time im done with undergrad?</p>

<p>how does boston u compare with baruch in terms of their business program?</p>

<p>how tough is the workload? how many different classes are there per week, how long are the classes and how frequent are they? like 5 timse a week? thanks for helping me guys, i appreciate it.</p>

<p>I came here getting nothing but through my grades have since earned 12K year. Either way, my point is that I’m takin serious loans to cover the rest and on top of it I’m in a 6 yr program so you can only imagine. but yeah, some would probably say I’m stupid but I wanted to get away from home get the college experience and BU happens to be a leader in the major I am pursuing so I’m here and for sure can’t afford it. I’ll put it this way my family’s income is noticeably less than just one year’s tuition but if you want it do it.</p>

<p>thats the thing… i dont want to carry such a heavy debt that eventually my parents will have to take care of. we make around 20,000 a year, i’m also planning to pursue my mba in the city… </p>

<p>is BU SMG significantly better than Baruch?</p>

<p>or should I attend Baruch and apply to NYU again next year? </p>

<p>What if i attend BU for one year and aplpy to NYU next year? Will that give me a better chance than if i attend baruch? </p>

<p>thanks a lot for the help</p>

<p>Wow I see you’re just full of questions. I don’t think you could compare Baruch and BU first of all. If you want to go to NYU so badly, go to a community college and transfer in there if that’s what you want. All transfers look at anyway is mostly your first year college grades and some high school. Of course, you’ll be leaving your friends when you transfer off to another school. You say that you don’t want to stay home and study 24/7 yet you might attend Baruch and stay home and miss out on Dorm life. If you get sick of Boston, I don’t see how anywhere could be much better.</p>

<p>You may want to check the policies on financial aid for transfer students at NYU. NYU is notorious for providing stingy financial aid relative to the high cost of attendance. I’m not sure that transfer students fare well there when it comes to financial aid.</p>

<p>Having said all that…you are the one who needs to make this decision. It sounds like you want to be in NYC…not Boston. What you need to do is figure out what made you apply to BU in the first place, and figure out if that places BU over NYU or NYC at this point in time.</p>

<p>I love Boston. There’s plenty to do! NYC is far more stimulating and exciting, but think about how well you’d study there.</p>

<p>Wow, BU gave you a lot!</p>

<p>But if you get free tuition from Baruch and like it better, go there. You can still get a great education without having to leave your family and lose money.</p>

<p>Do what makes you happiest!</p>

<p>thanks for the reassurance!</p>

<p>really? they gave me a lot? ack x_x maybe it’s because we barely make much and just having the thought of even having to pay 20,000 a year makes me not want to go.</p>

<p>Does anyone have any idea how Baruch’s business program compares with that of BU’s? </p>

<p>I applied to several colleges I have no intention of going because I wanted to see if I can actually do it… I got rejected from Stern and BC, accepted into Cornell, BU, among others… I guess it was just to see how capable I was. I wanted to measure my capacity </p>

<p>thanks for all the comments</p>

<p>Wow Cornell and still not going..</p>

<p>location is a big thing for me… </p>

<p>plus cornell is way too intense for me haha. I studied way too hard for high school. i’ll like to be more social during college. </p>

<p>if i decide to pursue a MBA degree, is it recommended that I still go to BU undergrad (80k to 90k for 4-years)…?</p>

<p>If i stay in the city … i might get a car lol . ack got only about 2 weeks to make the decision!</p>

<p>There are a lot of loan calculators out there, do the math! </p>

<p>My take is simple — if you have a choice, go to a school that will leave you with less than $10k/year in loans that you will have to repay yourself. Many high school seniors are blinded by the prospect of making $50k or more a year after graduation, and never bother to do the math. The reality is that after taxes and other fixed expenses, the most that the majority of college graduates will be able to afford is $300-400/month in loan payments, which works out to less than $40k in loans assuming 6-8% interest and a 15 year term.</p>

<p>The MBA intent makes things even more complicated. First, scholarships for MBA wannabes are extremely rare, which means you should plan on paying the rack rate of the school for at least two years. Second, there is a fairly dramatic oversupply of MBAs these days, which means that very, very few of them end up in high finance making healthy salaries. At my company we have a ton of MBAs from decent schools that start at around $70-$80k/year. Finally, many employers in finance prefer to see some employment after undergrad before going of to get an MBA.</p>

<p>First of all, now is not necessarily the time to be thinking about an MBA. If you are looking for a career in finance (as I am), I know that it is usually very beneficial to work at a firm as an analyst prior to attending b-school…</p>

<p>While it is true that school sponsored scholarships for MBAs is rare, it is not uncommon for companies to pay a portion (or all) of the tuition for valuable employees who are pursuing an MBA.</p>

<p>The bottom line is though, that unless you have serious connections at a business school, you will not be able to go to a reputable MBA program unless you work at least two years, so it is important to evaluate whether an MBA is even necessary at that juncture in time, not before one even goes to undergrad.</p>

<p>I STRONGLY - note the capitals - suggest you think about getting an MBA after working, as noted above. First, you will likely get into a much better school if you have demonstrated your capacities in the real world. Second, you may get help paying for it. Third, you’ll have paid down your existing debt. Fourth, you may decide you decide you don’t need or want an MBA.</p>

<p>Two years is the minimum but conditions are changing and more people are applying after longer periods in the work force. Imagine that you’re a business school and you have a choice between a 22 year old college graduate and a 26 or 28 year old with significant experience.</p>