<p>I originally put this in another section but brought it here:</p>
<p>I got accepted to every school I applied to: NYU Stern, Umich, Penn State, Rutgers, BC, UIUC. I doubt I'll be going to Penn State or UIUC because they offered me so little $. NYU, Umich, BC, and Rutgers seem to be the only ones I'm considering. I need some advice because money is a big issue for me.</p>
<p>If I got to BC, I'll be paying around $4000 a year. They were pretty generous about financial aid, but I don't know if I really want to go there.</p>
<p>If I go to Rutgers (in-state), they'll OWE me about $6000 a year, if that's even allowed. The average cost is 16k, and they're offering me 22k.</p>
<p>Umich is offering me 30k in total financial aid. It says the average cost is 37k, so I'll end up paying 7k. I guess that's a super deal for a good school like Umich. I got into the LSA honors program. I'll probably major in economics and not apply to the business school junior year if I go.</p>
<p>NYU is giving 20k aid out of total cost of 45k. I'm just an average student here.</p>
<p>I always wanted to go to NYU Stern for either accounting or finance but don't know how I'll be able to afford it. If my parents only make 30k a year, what's the best way to get this money? Is Stern worth the price? The Rutgers deal is very attractive. I'll end up with 24k upon graduation if they allow the "profit," but I don't know if that's worth it since it's not the best academically. Maybe I'll go to grad school with the money? Based on these financial facts and the overall academic value of each school, can you help me decide? You can ask me whatever you want to get a better idea. What I do know for sure is that I hope to end up on Wall Street someday. I valued Stern for the opportunity, but it's the most expensive school on the list. I also want to know which is a better value: a $7k LSA honors economics major at Umich or the business at Stern. Which offers better opportunities? It's just that I have Wall Street on the back of my mind. Sorry about all this but thank you if you can help. This is a big decision for me.</p>
<p>To end up on Wall Street, Stern is best, UMich second. You'll be beating odds to get a job from one of your other schools. Your parents must have a lot of assets if NYU wants $20K on a $30K salary. What can they comfortably afford and what can you add through work and loans? If indeed you end up on Wall Street, you'll easily pay back higher than average loans.</p>
<p>Can't help you with the final decision, but I would focus on best school (U Mich), best deal (Rutgers) and best Wall Street route (Stern). Dump the other options. Eventually you should get an MBA, but any of the three is a good step toward that goal.</p>
<p>I would say Michigan. If you can get a Michigan education for $30,000, go for it. NYU's Stern is as good as Michigan's Ross if you want to go to Wall Street, but NYU will cost you $100,000. You save $70,000 by attending Michigan...that's enough to pay for a top 10 MBA degree someday! Forget BC and Rutgers. </p>
<p>And people, roughly 35% of Ross graduates get jobs on Wall Street. I have no idea who came up with the notion that Ross is not as good as Stern for Wall Street placement. </p>
<p>Out of a class of 300 seniors, the following students joined the following companies:</p>
<p>JP Morgan 18
CS First Boston 6
Goldman Sachs 4
Morgan Stanley 4
UBS 4
Lehman Brothers 3</p>
<p>That's 40 students to some of the top Investment Banks in NY. </p>
<p>Out of a class of 300 Juniors, the following students had internships at the following companies:
UBS 14
CS First Boston 12
Goldlman Sachs 9
Merrill Lynch 9
Morgan Stanley 7
JP Morgan 5</p>
<p>That's 55 students to some of the top Investment Banks on Wall Street.</p>
<p>And unlike Stern or Wharton, Michigan is not a Finance heavy program. Most Michigan students have no desire to go into Investment Banking. Many want to go into general management programs at fortune 500 companies like IBM, Microsoft etc... and many want to go into Marketing at companies like Kellogg and L'Oreal. </p>
<p>So no more talk about Michigan not being a great place for Wall Street bound college students! hehe</p>
<p>Thanks for all your help. My parents actually don't have many assets. I think it's just that NYU doesn't give any aid. It has the worst reputation in terms of financial aid. Also, about my financial aid package, I believe some of that amount are loans. Does that mean I have to pay those back? If I do, then I guess I would have to subtract from all those amounts. There's also a work-study amount. I guess those amounts I posted are in a way misleading. How does financial aid really work? I just posted the amounts of the total package.</p>