Is NYU the worst school cost-wise?

<p>cpt, I agree with a lot of what you say. But the difference, to me, is that outside of some of NYU’s legitimately respected programs, many are not. And the “3 Rs of rating, recognition, and reputation” are not necessarily tied to the quality of education the school offers. For years NYU has been one of the most popular schools for high schoolers to apply to. It has, obviously, a ton of name recognition because of where it is and because of well-known people who have attended like the Olson twins and Anne Hathaway and (fictionally) the characters on Gossip Girl. The “buzz” is what contributes most to recognition and reputation and, to some degree, ratings.</p>

<p>If you want more evidence that Sonybd is right, read this:</p>

<p><a href=“NYU Debt Stories”>https://www.facebook.com/nyudebtstories&lt;/a&gt;&lt;/p&gt;

<p>or this, which discusses the Citibank scam:</p>

<p><a href=“Another Debt Crisis Is Brewing, This One in Student Loans - The New York Times”>Another Debt Crisis Is Brewing, This One in Student Loans - The New York Times;

<p>@sally305‌
That first link didn’t work, but I guess it’s the facebook page “NYU Debt Stories.” NYU students and alumni have posted financial gems there.</p>

<p>@Sonybd‌
No universities will want to specify real loan quantities and terms during financial aid “orientations.”
Exhibit A: Local university’s representative said that the school could lend students the full cost of attendance. The types of loans, interest rates, and detailed loan terms were never mentioned.
Exhibit B (this is one of the worst I’ve seen): Georgia Tech representative in a Houston, Texas conference boasted how students, on average, graduate with just a little over $20k; manageable debt for starting salaries of over $60k. However, he failed to mention how this “average” is influenced by in-state programs like the HOPE scholarship that are not available for OOS. </p>

<p>But Fredjan, two or three wrongs don’t make a right. Considering the serious problem of student debt in this country, I don’t see why anyone would make excuses for universities that engage in deceptive practices.</p>

<p>As I have said many, many times - if you can’t afford NYU, don’t go there. With over 3000 other colleges and universities in the US, just move on. FWIW, my D is a grad of NYU. Sorry to report that she not only got a good education there , but is employed in a job that she loves and quite honestly would likely not have had the connections for had she attended one of our in-state schools.
When D applied, we had our eyes wide open. We knew exactly what the cost would be and that with our financial situation we would not get a penny of need based FA (and we shouldn’t). I looked into merit, but with no financial need, really good , but not tippy top stats, quickly concluded that it was not going to happen. If we had needed it, we would have walked away at that point.
Some of the comments here are just plain silly. Yes D was interested in attending school in a city , but I know kids who attended schools in the South because they like warm weather and kids who attended schools with strong Greek systems or religious schools, etc. because that was the ambiance or fit or whatever. To my knowledge D never saw the TV shows that supposedly made her want to attend NYU.
Move on.</p>

<p>I don’t get the “deception” comments. NYU does not promise to meet full need. Just because someone might want to attend the school, but can not afford it does not mean the school is “decieving” anyone. </p>

<p>FallGirl, you shouldn’t be “sorry to report” that your daughter graduated from NYU and is doing well. She is a success story. And you, unlike many others, knew what you were getting into cost-wise. Also, no one said EVERYONE who chooses to attend does so because of celebrities or TV shows. The university does have some legitimately outstanding programs that certain kids set their sights on with their eyes open, knowing the payoff can be great if they make it through (Tisch, Stern, etc.).</p>

<p>The fact remains, however, that NYU engages in a lot of “creative” strategies to get people to attend even when perhaps they shouldn’t.</p>

<p>There’s the issue I mentioned earlier about LSP. This is the two-year associates’ degree program within NYU, where some students are diverted when they don’t get into the school they originally applied for. The university intentionally created mystery about it, going so far as to not have a website for several years (it does now). The admission standards are sometimes lower, and NYU does not include them in the stats it supplies for rankings. I would call that “deceptive.”</p>

<p>Another issue is the “forced” study abroad for some students the first year. You are admitted to NYU LSP, but guess what? There is no room for you in New York so you will be spending your freshman year in Florence//London/Paris/Shanghai (this also happens to kids who are waitlisted). I don’t know about your kids but mine certainly wouldn’t want to start their college experience–at the school they were dying to attend–not actually at that college.</p>

<p>@sally305‌
I’m not trying to justify deceptive practices. Quite the opposite, actually. </p>

<p>After having many dealings over the past 20 years with NYU in both my former and current career working with their undergrad, graduate, EMBA, certificate, adult education and designing company specific programs with NYU (in addition to completing 2 grad degrees at NYU) I agree with fall girl, that NYU has never stated that they meet 100% demonstrated need. There is no “forced” study abroad, because you must apply to each freshman study abroad program. No one simply places you into a study abroad because there is “no room” in the freshman housing.</p>

<p><a href=“Studying Abroad”>Studying Abroad;

<p>If you are accepted through HEOP, there is no housing in your financial aid package. If you are within commuting distance from NYU, there is no housing in your financial aid plan (if you want housing you are responsible for funding yourself).</p>

<p>NYC students who want to “going away but not too far away” college experience specifically do not want to apply to NYU/Fordham for these reasons unlike Barnard/Columbia who includes housing and encourages you to live on campus. I had a couple of students accepted to Fordham/NYU through HEOP and turned them down for SUNY because they wanted to go away and there was no way that they would ever be eligible for housing, where as I had a student who lived a 10 min walk from Barnard, attended and lived on campus.</p>

<p>sybbie, with all due respect–I know that students can CHOOSE freshman year abroad, but others are offered only that instead of the chance to start out in NYC.</p>

<p>This is an example of the numerous references I found on this site to “forced” study abroad:</p>

<p>

</p>

<p><a href=“Do all LSP students study abroad the first year? - New York University - College Confidential Forums”>http://talk.collegeconfidential.com/new-york-university/884716-do-all-lsp-students-study-abroad-the-first-year.html&lt;/a&gt;&lt;/p&gt;

<p>And there are also numerous articles in news media that discuss it. </p>

<p>

</p>

<p><a href=“Businessweek - Bloomberg”>Businessweek - Bloomberg;

<p>But they are still making the choice to attend the program. No one is holding a gun to their head to make them attend NYU or any other school.</p>

<p>I have a problem wrapping my head around the fact that families are not be doing their due diligence when it comes to whether or not NYU is a financially feasible option for their families. NYU’s own 2013-2014 common data set states the following:</p>

<p>Number of degree-seeking undergraduate students (CDS Item B1 if reporting on Fall 2013 cohort) 5124</p>

<p>Number undergraduate students who applied for financial aid 3195</p>

<h1>of students who were determined to have a financial need 2506</h1>

<p>Number of students whose need was fully met 450</p>

<p>soo, out of the 3195 who applied for financial aid only 14% of those students had their need fully met. This means ~86% are going to have to come up with a way to come up with some of the funds to pay for NYU because they will not be meeting your need.</p>

<p><a href=“Research with Human Subjects”>Research with Human Subjects;

<p>

</p>

<p>Correct. But they didn’t APPLY to study abroad freshman year. it is not spelled out up front that they may not get to start out in New York. Why wouldn’t a student (at most schools) reasonably assume that they would attend the college they apply to on its actual main campus? This is why it does come across as a bait and switch. Remember who we are dealing with here–in a lot of cases, the starry-eyed kids who dream of turning 18 and moving to the “big city” right away for college.</p>

<p>

</p>

<p>I don’t get it either. In the case of one family I know, they did zero due diligence on ANY of it. The parents somehow believed that “NYU is basically an Ivy” and left it at that. And these are smart people. It actually astonishes me how little MANY smart people know about college and all its issues (such as finances)–especially now that we have so much good information available online.</p>

<p>Sally , the fact that parents do zero diligence on NYU ( or any other school) isn’t the school’s fault. So why the negativity towards NYU?
FWIW, my D knew several students who were in the LSP program and they all ended up graduating with a bachelor’s degree with everyone else, so I don’t understand your reference to this as a cc. As to not informing the students about the LSP program or the possibility of being at another location, I was aware of those possibilities when my D applied in 2008. If other people were not, well again they were not looking very hard. NYU isn’t perfect, but I can honestly say that they didn’t hide anything from us.</p>

<p>It’s hard to do due diligence when the institution is trying to be coy or vague about what people are signing up for.

</p>

<p><a href=“http://nyulocal.com/on-campus/2011/02/07/the-liberal-studies-program-explained/#ixzz38hMIfs9B”>The Liberal Studies Program, Explained | by NYU Local | NYU Local; </p>

<p>Does that seem up front and honest to you? Remember, this is the program that purposely didn’t have a website for years. And who in their right mind would want to pay $60K a year for an associates degree? If you have to transfer anyway, why not start out at an actual, affordable CC and then transfer?</p>

<p>This is what the university (now) says about the foreign campuses:</p>

<p>

</p>

<p>This makes it sound as though the “default” is NYC. But this is at odds with what numerous students have reported (likely during the time your daughter was there, so I am not sure why you had better information than others did).</p>

<p>

</p>

<p><a href=“barbaraleung.com - barbaraleung Resources and Information.”>barbaraleung.com - barbaraleung Resources and Information.;

<p>aside from attending an information session held by NYU at a local hotel, visiting the campus and reading what was provided on the school’s website, I had no special source of information about the school. But I remember being well aware of the LSP program ( D was in CAS)) as well as the other campuses. If others did not do research through the usual means as I did , that is not the fault of the school. If they are not comfortable with these possibilities they can make the decision to not apply or not accept the school’s offer.</p>

<p>When you read the fin aid forums, you can easily see that no has to do much to get many of these loan seeking students. They get nasty at time when you dare suggest that they cannot afford a school or a loan. I had my “ears pinned back” and accused of saying poor people don’t deserve all these opportunities. Didn’t say that , by the way NYU serves its niche in that it is need blind in admissions and for those who just want to know how to get a loan, they’ll not make the kinds of statements, observations I have. Equal opportunity here. It’ s none of any of our business what they can AFFORD, but how to get the money they want, regardless of cost. </p>

<p>A number of schools, not just NYU, were called out for loan steering. Just one of those things that were happening then. </p>

<p>Believe me, I have no interest in NYU or anything at stake in defending them. Just being fair here. For many of the kids here, getting accepted to NYU is a dream come true regardless of the cost and the parents back them up. When it comes time to pay the piper, then they sing a different tune but dare suggest that the school might be unaffordable and not worth the price for them, and they’ll bare their teeth at you for daring to suggest such a thing. To have a chance to go there, many want every opportunity regardless of cost.</p>

<p>Fall Girl, that’s great that you have such a vivid memory of a program your child was not even interested in from six years ago. But why are you refusing to acknowledge the validity of the statements I have been making, which are clearly documented (in some cases, by NYU officials themselves)? With the dean of the program specifically stating that the whole point was to “spring it on students at the last minute,” don’t you find it a bit curious that you recall knowing more than the university was apparently telling prospective students?</p>

<p>cpt, I agree with you that many students (and parents) don’t want to hear the truth about affordability even when it is staring them in the face. Maybe part of the reason is the uniqueness of NYU. There really is no other school just like it. If my kid doesn’t get into prestigious private university A, B or C, there’s always slightly less prestigious D, E and F. If my kid wants a big sports school and dreams of going to the OOS one with the most school spirit, but we end up not being able to afford it, he or she can still have some of that same experience at the in-state flagship. I really do “get” the appeal of NYU–I was born in NYC and go back fairly often, and also I have a child interested in the performing arts who in a perfect world might have loved being able to dance in the Tisch program. I just think part of our purpose on this site (or mine, anyway) is to share what I know with others so they don’t make the same mistakes as people who have come before them. And it’s obvious that the obsession with NYU leads a disproportionate number of families into these “mistakes.”</p>

<p>My son was accepted to two school with caveats. One choice was to go abroad for a term, the other to sit out a term. The first was a school out of range price wise for us anyways and going abroad would have likely meant even more than the on site COA, so it was automatically off the table even before considering starting at the main campus second semester. The other school was affordable, but my son decided that it was more important for him to start in the fall on campus, in freshman housing, so that school was eliminated. It was truly that easy to eliminate those two schools. </p>

<p>Though I do fully understand the appeal of going to NYU, I don’t get that the appeal goes further to a point where quality of life for the whole family, including the student is sacrificed, financial risks are taken to go there. Two of my sons’ friends are commuting an hour and half each day they go there and still paying a veritable fortune for the privilege of going to NYU. The parents sold the family home earlier than they had planned to afford this and still they are taking huge loans. But don’t even say a word about any of this to them. it’s worth it to them. To suggest that it’s not, would be quite insulting. </p>

<p>Whether the degree from NYU has such lustre that it is truly worth all of this…, I really don’t see it. For HPYMS, ummmm, maybe, but NYU? No I wouldn’t do it, and I certainly am attracted to the prestige factor. Yes, I admit it But not for NYU. There would have to be a more specific reason than the allure, the prestige, etc, for me to go beyond affordability for that school. But it certainly does fine in this area. I don’t blame the school one bit. Clearly they have an audience and takers, lining up for what they offer.</p>

<p>Yeaaah, @FallGirl‌ I’m not sure that you’re being particularly rational or reasoned in your responses. I can’t speak to your motivations, but in large part you seem to be mostly responding to claims no one is making, with personal anecdotes that aren’t even relevant to the discussion. The end result is an entire page of conversation about semantics. </p>

<p>(Now obviously this isn’t the case here and now, but I do feel its relevant to point out that the manner in which your flooding the thread is a common PR strategy among firms who represent schools looking for ‘damage control’ among High School seniors after some big flub.)</p>

<p>For instance, you say “To my knowledge D never saw the TV shows that supposedly made her want to attend NYU.” As if directly responding to someone or some claim. In reality, there were really only two posters who mentioned this. The first did so to support the idea that features in television and tabloids have played a large part in NYU’s vast name-recognition (an assessment, I don’t think, anyone would find particularly controversial. Particularly the person who’s on NYU’s payroll with a job description that includes ‘targeted brand placement’…) </p>

<p>The only other poster who mentioned it (myself), did so only to make the point that it was a “stereotype,” largely irrelevant to our discussion as a whole here considering the evidence has demonstrated NYU’s business model is dependent on upper-to-lower middle class families, not necessarily the affluent paying out-of-pocket (as the stereotype goes).</p>

<p>So @FallGirl‌, I believe the main point of contention here stems not necessarily from a disagreement on the facts of the situation, but instead stems from a misunderstanding of the respective arguments being made.</p>

<p>So, before you respond to my post with an anecdote about that great time you walked your dog in Washington Square park, I think it would be helpful if we clear up confusion about what arguments exactly are under contention and which aren’t. </p>

<p>In my opinion, the arguments that have been made so far can pretty fairly be summarized in a few succinct and abridged points:</p>

<ol>
<li><p>NYU will almost never match the aid of their competitors for a student with a low EFC. And especially won’t give a full-ride for a student with a low EFC unless that student had stats sufficient to warrant a full ride at ivy-level institutions. [A fairly uncontroversial way of describing the impression I think most people, with even a passing knowledge of NYU’s financial aid practices, tend to have.]</p></li>
<li><p>In the last 10 years NYU has engaged in a large amount of (arguably superfluous) spending, and then by virtue of receiving a surprisingly large amount of their revenue from tuition (over, for example, investments) has then passed that expense on to their students.</p></li>
<li><p>While NYU has done a good job over the last 10 years with wage competitiveness vs. Fordham/Columbia and attracting big names for particular programs (I mean, who wouldn’t want a loan against the endowment for their vacation home?), many feel that has come at the expense of many other undergraduate programs, largely taught by adjuncts, that many now consider surprisingly uncompetitive.</p></li>
</ol>

<p><em>**Now, I think the majority of people who are sufficiently educated on the facts of the matter, probably largely agree with the arguments made in 1-3 (barring disputes over particular wording). In fact, over the last 10 years many NYU students and faculty themselves have made those arguments in one form or another in op-eds from the NYTimes to NYU publications. </em> </p>

<p>Now, seemingly, the most controversial argument being posited in this thread (and one I would direct @cptofthehouse‌ to pay attention to as well):</p>

<ol>
<li>NYU has engaged in a systematic and institutionalized deceit (some would go so far as to say fraud), from which they have profited immensely. Now, keep in mind, no one is seriously making the argument this applies to affluent families, or those very knowledgable of the college admissions and financial aid process. Instead many, myself included, have pointed to seemingly endless heart-breaking personal stories of families (many of them middle class) who were oftentimes outright lied to. </li>
</ol>

<p>(One story out of LITERALLY thousands available for consumption: <a href=“http://www.villagevoice.com/2011-11-09/news/debt-and-debtor/”>http://www.villagevoice.com/2011-11-09/news/debt-and-debtor/&lt;/a&gt;)</p>

<p>Again, many of us, as consumers, are very aware of a producer’s ability to misrepresent certain realities. But for an institution to outright lie, again, and again, and again to families who trust the inherit legitimacy of said institution really just comes down to a matter of morality in my mind.</p>

<p>And the evidence goes beyond merely qualitative, and instead into the quantitative of hard data. A huge body of facts and figures has empirically demonstrated NYU students carry the largest debt burden of any institution in America (and likely, the planet). While offering a product with arguably dubious quality when contrasted against most major competitors.</p>

<p>And to the argument of responsibility and choice, I again defer to the simple fact that fraud is fraud when your ability to make a responsible choice is compromised through deception and often aggressive, slimy, tactics. Yes, the majority of 18 year olds and their families won’t buy snake-oil if you offer it to them, but perpetrators of fraud know they only need a small, tiny, percentage to say yes for it to be successful.</p>

<p>First of all, the way it works for paying for colleges, is that the PARENTS, not some teenager, is the one who makes the financial decision and has the primary responsibility to pay for college. The young woman featured in the Village Voice article talks about lowering of PLUS interest rates (which I support), and about the fear of her mother’s social security benefits being garnished if SHE, the former student does not pay up. Well, those are not HER loans. SHE, the student, is paying her mother’s loans. PLUS is the Parent Direct Loan. That this young woman and her parents decided to take out all those loans and put them on a young adult’s shoulders to repay, is a problem in THAT family. I don’t have a whole lot of sympathy here. It’s not a situation where a teenager, green young adult was fooled, but the parents bought into this and was fine with it.</p>

<p>Most all students who are of the calibre to get accepted to NYU can have a lot of much less expensive options. IMO, if there were few or no other options, it would be a whole other story. I have a lot bigger problems with schools that direct their energies on those who truly have few other alternatives, some non profit schools, some programs, that truly are just using students, mostly low income ones, a lot of times, not great performing ones, as conduits for federal monies. I see this, and it makes me burn. Don’t feel that way at all about NYU. I do not think fraud is in the picture any more than in any other school with costs up there–fraud is in any system, and do not believe NYU is squeaky clean, but I don’t buy into the story that they are operating deceptively. </p>

<p>Good Post Cpt.
I am done here. </p>