<p>I have an EFC of $68...NYU was REALLY generous to me. I only have to take out $5900 in loans this year. Out of pocket total is like $5000. Still trying to decrease that debt though as years go by...basically, I'm trying to come out of NYU with no more than $10,000-13,000 in debt. With my plan, I think I can do it :-).</p>
<p>It's rough. I don't qualify for aid but I applied to Tulane (My 4th choice) and they offered me $96,000 merit $$$ (over 4 years) and invited me to apply for the Deans Honor Scholarship (full ride) makes you think hmmmmmmm even if money isn't really an object. My folks said they'd give it to be post graduation and I could use it for graduate school or downpayment on an apartment or something. You all must've applied ED and I know NYU lets you out of ED (reluctantly according to the NY times article) if they can't match some other schools package. My acceptance gave me 3 weeks from the date of the letter being received to send the $800 deposit, which is January 4th. Not much time to think it all over...</p>
<p>decreasing debt is hard, realize that tuition increases 5% per year, and you'll need substantially more spending money than you're probably. don't underestimate the 5% increase per year, and the fact its compounding. its at about 47k right now means youll owe ~+2300 the next year, ~+ 4800, +~7500 as the years go by (rough estimation I dont have a calculator). It's possible tuition increases will curtail since a recession seems imminent and it cant stay so far above the rate of inflation for ever, but I wouldn't count on it</p>
<p>To the fellow who made the socialist comment:</p>
<p>No it's not socialism, but free market at its best. The reason people complain here, is because other schools, some far better than NYU, offer much better financial aid packages. So since this school is stingy, people are choosing with their wallets (going to those other, cheaper schools), but mentioning that they'd rather go to NYU if finances permitted. For example, Brown gave me $42K a year in grants and scholarships alone. NYU barely covered $30K in grants and scholarships. I ended up choosing NYU anyway, but it would have been a much easier choice if both financial aid packages were on Brown's level.</p>
<p>I don't think that NYU is stingy...they just have a smaller endowment than other schools that give better financial aid packages. Reality sucks sometimes.</p>
<p>But is it possible to finance a NYU education? I'd love to attend, but somehow I don't think I can do it.</p>
<p>have you applied yet? you never know what they'll give you unless you do it, and since you're RD you'll be able to get a better overall gist of your financial aid packages from everywhere. i applied ED so i never got to do that. kind of missed out, but oh well.</p>
<p>Seriously guys do NOT take out large debts to go to NYU. </p>
<p>The reason NYU is ranked so low despite our high SATS, GPAS, low acceptance rates, and great professors is because we come in near LAST when it comes to peer evalutions (make up 30% of most college rankings). Most people here hate it (Let me preface this with saying I personally enjoy my time here). I know you guys won't listen to this advice, but everyone gets allured by the night life, broadway shows, whatever. But the fact is most people here are MISERABLE and have a tough making friends due to lack of fraternities/sports/college spirit. You can experience the night life any time after you graduate - you can't even experience the best parts until you have a real id/ money to buy a table anyways. </p>
<p>Taking out more than 50k in loans as a CAS major is INSANE. When you take into account compounding interest, you are going to owe 5k+ a year on a job that pay 30-35k pretax....you won't be able to live in the city. People underestimate how expensive the city is...the SMALLEST apartment you can basically find in manhattan is 1000-1200, and you'd be living in rooms substantially smaller than the dorms. To get even decent food you have to fork over $150 a week unless you are able to cook (which is damn hard if you have a small apartment with a "half kitchen." Throw in utilities, cable, trying to go out, transportation expenses...you are going to have to move to an unsafe area in brooklyn or live with parents when you graduate.</p>
<p>^ dude you're scaring me man, and i already paid my deposit, but i'm heading t Stern. I hope that makes it more than marginally better.</p>
<p>I guess it depends on what you intend to do. As a drama major, I can get a great education at Tisch and at the same time be in the city and get connections for after I graduate. In addition, I'm interested in foreign language, so I'm sure that will come in handy somewhere in New York, as the UN is here and it's an international city...</p>
<p>If you're going to Stern, it's ok, but understand you're going to be forced to do an 80+ hour a week (I'm underestimating time if anything) job in i-banking or similiar finance ...and you may realize money isn't everything by that point</p>
<p>We do have a great acting school, but even if you make it in the drama world, which very few people do, you still don't make much money . If you work on broadway you still make only high 5 figures,substantially less off broadway . Bankruptcy doesn't even get rid of college loans...I seriously don't know how the acting majors plan to pay off 100-200k of debt.</p>
<p>What about Gallatin? Now I'm scared...and my parents are already skeptical. I'm assuming I'll get some outside scholarships as well..</p>
<p>Yeah..it depends on what you are studying..if you really have no specific goal in mind or you want to study something generic like Sociology, Pol. Sci. or History, I would say, it doesn't make much sense to go into high debt for NYU but for Businesss (Stern) or anything in the arts (Tisch) ..you can't find better programs than NYU at too may other schools...definitely worth the price of admission.</p>
<p>In my case, even though I'm at CAS, I"m going to major in Film Studies, which is administered through Tisch (meaning at Tisch, with Tisch Film Professors)..also NYU has a minor in creative writing through CAS, and even though it is considered a minor..it is one of the best writing programs in the country. NYU has graduated more academy award winners (19) than any other uni. in the country, plus 12 Pulitzer winners...</p>
<p>Clearly, considering film and writing are my two passions, I couldn't be in a better academic enviroment or city. So in some situations, NYU is worth every dollar of debt you incur..also unlike Drama majors, writers and film industry professionals actually make decent money so I'm not worried about starving and dying with 60k in loans,lol..</p>
<p>Well, more drama majors "make it" than it seems...it's still a very highly competitive field, but part of being a successful actor is being versatile--being open to stage drama, musical theatre, film acting--and there's a LOT of opportunities for commercials and things like that. I mean, ultimately, there are some people at Tisch that are going 100K-200K in debt and I kind of don't understand that, but I wouldn't do that for ANY major, except business or medical, in which I know what my salary will be. But, the moral to this post is that there's a lot of opportunities outside of Broadway for drama majors, and Tisch makes it possible for the really ambitious through connections and showcases and reputation and such. But you have to work hard, or it's not going to happen, and all that money would have gone to crap. I know for a FACT that I will not come out of NYU with more than 15K-20K in debt, but I just got a really lucky situation (when it comes to financial aid, that is).</p>
<p>Cjevers, there is something that NYU posts every year regarding the average salary for each of its schools, but I don't know the link to it right now. But it is really good and breaks down the average salary of each undergraduate school's graduates...it even goes into the ethnicity breakdown (African-Americans followed by Hispanics, according to the report, actually make the most out of all NYU grads, which really shocked me). But Gallatin grads, based on the responses given to the report, actually make more on average than CAS grads. So majoring in something in Gallatin is ok just as sure as you know exactly what you want to do and how it will relate to your future career goals.</p>
<p>I think this is the link: Center</a> for Career Development</p>
<p>I think we're all aware of the debts we're going to rack up by going to NYU. I mean, without financial aid (from anywehre), its way over 200k. Even if the school gives you 10k a year, thats 160k. That's enough to buy an entire house in the majority of the country. Its a morgage! Even if you get a few scholarships, no matter what, you're going to be around 140k debt, IF You'RE lucky. We all know that (or you should, if you applied to NYU). However, you have to think, is it worth it. Will you get a job that pays 50k entering? Do you really want to go to NYU? IF you're goign into a field that doens't pay 50k + opening, do I want to go to NYU enough and will it benefit me enough to go there, and can I handle the debt? We all have to ask ourselves that.</p>
<p>But Look at the UVM, its 40k + a year there, NJIT in newjerseay is about 120k for all four years. Every school today is going to cost you atleast 100k in debt, unless you make like gold with the aid or scholarshiops. If you're worried about financing college, you just have to sit down and think: "Are you willing to put that debt on you, and can you POSSIBLY handle it". You CAN handle it if you get a good job (not even a great job) or if you come from a wealthy background. And remember, every little scholarship counts. A 500 Dollar scholarship can pay for books, or give you food :D</p>
<p>Fell,</p>
<p>You are kind of missing the point...The point isn't whether to go to college or not. The discussion is whether you should go into debt for NYU, or go to a different school with a better financial aid packages. Most comparable schools have much more generous packages that have more grants/scholarships...most are coming close to covering your full FAFSA need.</p>
<p>I personally disagree with Mattistotle. I am a freshman at Stern with lots of friends. I'm very happy at NYU. I think the school is the right place for me. I do not find people to be miserable as Matti says above. I really wonder if Matti likes NYU as much as Matti says.</p>
<p>You are a freshmen who has been here for 3 months...another rude NYU know-it-all....you'll find a lot of them here too.</p>
<p>Our low peer evaluation scores are a FACT, research before you decide to be a ****</p>
<p>well, college, and life, is what you make it. if those people are miserable, why should we compare ourselves to them?
it's their choice to hate it. they chose to attend the school and could transfer to a cheaper school if they really needed and wanted to. so why should we care if "most" people at NYU hate it? and i'm pretty sure "most" people don't hate it. do you know every single person who goes to the school?
besides, if people want to be in debt in order to go to the school they really want to go to, let them be in debt. paying back student loans isn't that hard to do, and yes, it does take a long time to pay them off, and it can be a hassle, but that's what people choose to do. so let them. just because one person says something about the school doesn't mean it applies to everyone.</p>