NYU-Poly ED. Should I be worried about debt?

<p>Hi everyone. This is my first post here and I'm hoping I can get some solid answers. I really want to apply to to NYU's Polytechnic School of Engineering (post-merger) on Early Decision II, but I am still a bit put-off by the debt which most NYU graduates carry. I plan on studying Computer Engineering and would love to do some paid internships while getting my BS. If there is a work-study program, I'd definitely participate in that as well. I often hear that it is not wise to attend a college whose average debt is higher than your projected careers starting salary. NYU's average debt is rather high: ~$35,000. However, a computer engineer has a starting salary of ~$65,000. I don't know if I will be eligible for any scholarship grants, but here are my stats: 2050 SAT, 4.0/4.0 GPA. I am taking the ACT this Saturday and hopefully will achieve a score of 32+. Do you guys think I should be worried about financing my education at NYU-Poly?</p>

<p>A school’s average debt is irrelevant to you. You only care about your debt. Run the net price calculator on NYU’s financial aid webpage to get an estimate of how much aid they may give you and how much debt you may have to take on. It is true that NYU is known for gapping many students.</p>

<p>The net price calculator told me I can expect my “Estimated Net Price After Grants and Scholarships” to be $34,341.</p>

<p>And can you and your family afford to pay that? If not, how much can your parents contribute each year? Did the NPC results mention any loans at all?</p>

<p>I think the guideline you are referring to is the one that says don’t borrow more than your expected first year salary - but that’s for all 4 years. In your case, if you have to borrow all that $35k x 4= $140k. Way too much. What are your other options?</p>

<p>NYU Poly used to give great merit aid, not sure if it still does after the merging. But not $65k is not a lot of money to live in high cost of living. Maybe good for the Midwest. So do not borrow to as tend NYU. What other options do you have?</p>

<p>This machine learning is bad. Post #5 *as tend should be *attend</p>

<p>Polytechnic Institute used to give good financial aid, according to various published data before the full merger. But that appears not to be the case any more, based on NYU’s net price calculator.</p>

<p>Why don’t you look at some other options as well instead of committing to Poly ED? Have you looked at some other schools where you have a good shot at merit money to bring the cost down for you? I don’t think you will be getting that much more as a Poly Grad to be worth that debt. If you have other schools on the table, you can compare. Are you a NY state resident? SUNY has a great deal for STEM majors. Heck, even applying to Manhattan COllege and Stevens would give you some basis of comparision in difference in cost and debt and you can decide if the POLY degree is worth that much more You can’t do that just applying straight up to POLY ED></p>