<p>My dream is to live in NYC, and I would absolutely love to attend NYU. I've researched everything about it, and want to study economics and business at Stern. One problem: The tuition is about $48,000, compared to about $11,000 at CUNY. The university I attend MUST be in NYC, for my love for it is endless. Would it be a smarter investment to attend CUNY for undergraduate study, then NYU for graduate school? Perhaps the Return on Investment at NYU from an economics career could pay the debts off quickly, or is this just wishful thinking? </p>
<p>I don’t think that your rationale (location, rather than academics) for picking a school is particularly wise. I also think that you should consider some other schools and some other options for living in NYC.</p>
<p>Why not look at Fordham? It’s a fine school that is also in NYC. You could also consider Pace, Cardozo, etc., both of which are more reputable than CUNY. In my view, having a CUNY degree would not be good to have on a resume; any of the other schools that I list would be preferable.</p>
<p>Why not also just go to the best school you get in, as long as it’s affordable, and work in NYC in the summer and move there after college? That makes more sense to me.</p>
<p>Isn’t Fordham a religious institution? I haven’t looked into any of the other schools that you mentioned. I really want to attend NYU because of Stern and the internships available in the financial and cultural capital of the world; it also offers the most study abroad opportunities, and its branch in Shanghai is particularly interesting to me. Anyways, does the cost really matter that much when I can get a high-paying career afterwards, then pay my debt off with my salary? Or is this just delusional thinking?</p>
<p>What would life be like if I were $100,000 in debt after graduation?</p>
<p>YOU couldn’t be because you’re limited to borrowing about 28K for undergrad. Someone else would have to take out the rest? would your parents even be able to do that? </p>
<p>This is where you start to deal with the relationship between the fantasies you have and the reality in which you live. I’m not saying you cannot have your fantasies, but until now that’s all they have been. As you begin to find accepting reality easier, you will begin to grow up. Good luck.</p>
<p>Jkeil’s response is wise, dead-on relevant, and perfectly appropriate for someone who says their love for NYC is “endless” and they “MUST” live there, sentiments that are hard to take seriously. You have a very immature approach to planning a college education, but maybe you’re just a young teen. In any case, you need to do better research. Fordham is Catholic, but Catholic-light, and many of its students practice other religions or none at all. There are many excellent business schools in other cities that offer sterling internship opportunities. Almost every university offers a wide array of study abroad opportunities. Your options aren’t just wildly expensive NYU vs. mediocre CUNYs, honest.</p>
<p>Levike, why don’t you use this loan calculator?
<a href=“Your Guide for College Financial Aid - Finaid”>Your Guide for College Financial Aid - Finaid;
<p>Also, do you know how high rents are in NYC? Why don’t you check out the Craigslist postings for NYC apartments (keep in mind that most of these places are unfurnished and the prices do not include utilities)? <a href=“http://newyork.craigslist.org/aap/”>http://newyork.craigslist.org/aap/</a></p>
<p>So if you borrowed $100,000 to live in the great city of New York, how would you pay that back? What salary do you think you’d have to get coming out of Stern to not only afford food, rent, utilities, health insurance, and student loan payments, but also entertainment that isn’t free? By the way, the average starting salary for a Stern grad is $62,400. I couldn’t find information for Baruch’s Zicklin undergraduate program. </p>
<p>Levike</p>
<p>I think you should respect every answer on the net that was give to you. Whether you agree or disagree, you can express your opinion, but please show some respect. They all spent time to help you.</p>
<p>Now come to the topic, you should research and come up a list of schools in NYC if that is where you want to be and please post your stats and financial condition as well.Regarding your borrowing go to NYU, you may only borrow total of $28K in 4 years with your name, beyond that, your parents has to borrow that, called Parents Plus loan, that loan need to pay back in installment on day one with a 7 or 8% interest. It won’t wait you make those golden eggs after graduation.</p>
<p>Your GPA and SAT must be very good to get into Stern, if so, you may get Scholarships from other NYC schools to make it affordable, Fordham is very good in business as well, if you do good there, you will get into Wall Street. Stern is not the ONLY ticket in town to get in Wall Street. I went to Pace and I even turned down a Wall Street offer to work for HP, does that tell you some thing? It was 40 years ago, though. Nevertheless, you have to know, what you do in the school is important, not where you went to school. Look down CCNY is a bad idea as well, plenty of Baruch graduates went to Wall Street as well. The Chances to get there from Stern is better, that is all.</p>
<p>Sorry jkeil for my response, it was uncalled for. And theanks everyone for the responses, I didn’t realize my college search was so immature and narrow-minded. Also, I didn’t expect to borrow $100,000, I was just wondering how terrible life would be if I somehow imploded financially. Does NYU have an effective work-study program? Sorry for allthe questions, like i said before I’m not very knowledgable about financial aspects of college. I ignorantly thiught that excellent grades and AP classes would allow me to just walk into college, haha</p>
<p>Levike, some colleges meet 100% need for 100% admitted students (<em>they</em> define need, but if you’re middle or lower income, it’s probably a good deal for you). That’s roughly 60 of the most selective schools in the country, out of 3,700.
This is a website for 1st generation students learning about college and they have the list of these colleges:
<a href=“Colleges with Need-Blind Admission for U.S. Students”>Colleges with Need-Blind Admission for U.S. Students;
NO OTHER college promises to meet your need. Now, they DO meet need for some students - they may be “need aware” which also means “merit aware”… so you have to make sure you’re in the top 25% of applicants in order to be desirable enough to get the money.
Finally, some colleges are need blind but do not meet need- they may admit you but it’s your problem how you pay for it. NYU is one of those.
You don’t need to study in NYC to work on Wall Street.
And if you want to study in NY, you’ll have to be creative. These colleges have way more applicants than they need so they can charge students through the nose. Unless you have superb grades and AP scores, they will have zero incentive to subsidize your studies there with a scholarship.
Run the Net Price Calculator for each of these colleges: NYU, Baruch, Wagner, Fordham, Colgate, Williams, New Paltz.
Bring the results to your parents and start talking costs.</p>
<p>Thanks Myos. I’ll look into these universities. Artloverplus, I’ve looked into Baruch since your comment, and now I’m thinking that should be my 1st option instead of NYU. It i way more affordable, and supposedly their business programs and opportunities are equivalent if not better than NYU’s. Wouldn’t it make more sense to shoot for Baruch, considering it is about 4x cheaper, then apply for NYU gradute school? I am so overhelmed and confused…</p>
<p>Lots of students and parents have made that mistake, OP, and it’s better to learn of the mistake now than in your senior year as so many families do. NYU is not known for its merit, although there is a limited number of big money scholarships. The chances of getting these are probably less than .5% of all applicants. So if you’re not at least in the top .5% of your h.s. class, you can pretty much kiss that kind of merit good-bye at NYU.</p>
<p>Perhaps you could begin again by telling us of your GPA, SAT, APs, ECs, and, after running the net price calculators for NYU and Baruch, what the schools expect your family to pay and what your parents say about that. </p>