However you can answer, please do. Financially? The students? As the place where you spend your “college years?” The value of that name on your resume?
Any honest answer of any kind on any topic would help.
Are you borrowing the entire cost of NYU? It wouldn’t matter to me how desperately my kid wanted a particular school. If I had to borrow that much money and had real concerns about the ability to repay, I’d tell him sorry, but no. What are your plans if you borrow for the first year or two but get turned down for years 3 or 4?
Hey @YoungOne4, I know you’ve been struggling with finding a way for your child to attend NYU and I am so sorry this is so wrenching for your family. My honest opinion for my own kid is Yes, it’s worth it. But here’s the problem with the question - “worth it” means the cost is less than the benefit. But “cost” is different for each family and benefit is different for each child. So no one can really tell you whether a college is worth it for you.
For us, the benefit of NYU is huge - it gives my D the kind of education she wants along with the chance to make great contacts and build a network of friends and colleagues in her chosen field. And her desired profession is all about training and contacts. The cost to our family isn’t super burdensome, for reasons I won’t go into as they are beside the point. So for us, the answer is a definite Yes.
However, even knowing how advantageous the school would be for my D I have to echo @austinmshauri above - if we were borrowing the full cost of NYU, it wouldn’t be worth it in any event because my child (or my family) would be crippled by that kind of debt. I have seen in many cases how repaying student debt can change a young person’s post-graduate life by forcing them to live their lives around the repayment of that debt. Unless there is a clear financial benefit post-graduation to attending NYU over other schools for your child I would say it is NOT worth substantial extra debt.
Only worthwhile for the very rich, for finance majors &, maybe, for Tisch.