<p>Hey I'm applying RD to Stern undergrad in Fall of '14 and I want to know if there's any chance of me getting any finanical aid/merit scholarships for NYU and whether or not it's worth it to get student loans. My parents make around 220-225k gross and I have one other sister and she's attends UF. My parent's salary has prevented me from getting pretty much any kind of financial aid in Florida so I want to know if I'll have any luck. I want to get an finance and accounting degree and eventually end up in some kind of consulting at a big firm. But realistically, even if my parents pay $20k a year I'm going to end up with over 100k in debt. I want to know if it's worth it to go to NYU and get the student loans or go to UF and pay around $3k a year (I have prepaid and the highest bright futures). Also, by the time I graduate from high school, I'll have an AA from my local community college, so that means less time I'll spend in undergrad. I really just want to know if it's worth it to spend the money and go to NYU. Thanks in advance</p>
<p>A lesson in real life finance is right on te table here. First of all YOU are not going to be borrowing anything more than $15K in your own name, and that is through Direct loans, and that is if you are lucky enough to get through Stern in just two more years. If you haven’t borrowed through them yet, you might be able to borrow another $7500 for a third year. Your parents will have to put their credit and be equally on the hook with your for any other loans. </p>
<p>Do the math and see if it’s worth that kind of money. No, I don’t think so. Not at all. Get your degree at UF for basically free, and consider going t Stern or elsewhere for an MBA or Masters. $100K plus interest can buy a lot of opportunities in NYC, or anywhere. </p>
<p>The chances of you getting any money from NYU other than those loans is about zilch.</p>
<p>^^^all good points.</p>
<p>Two other items to consider…</p>
<p>NYU may not accept as many of your college credits (AA) as UF, as it doesn’t have the same relationship as UF does with in-state high schools/community colleges. If not, that will lead to you needing at least 3 years to graduate.</p>
<p>UF currently isn’t accepting business transfers to it’s Heavener School of Business. If you do choose NYU and don’t like it, for whatever reason, transferring back to UF will not be an option (other than the on-line program). </p>
<p><a href=“http://talk.collegeconfidential.com/university-florida/1591718-no-campus-business-transfers.html[/url]”>http://talk.collegeconfidential.com/university-florida/1591718-no-campus-business-transfers.html</a></p>
<p>“The UF Online Business Program admits freshman and transfer students. Due to resource limitations, the Heavener School of Business is not currently able to offer admission to its on-campus majors.”</p>
<p>Good Luck!</p>
<p>Online schools are not necessarily a bad thing. When attached to a respected and regionally (not nationally) accredited institution of higher learning they can be a good option for returning students as well as those seeking additional educational opportunity.</p>
<p>However, squezuseing financial aid out of NYU is probably not a good use of your time if you make close to a quarter million dineros a year! They have pretty limited financial aid opportunities and while merit is available I believe you don’t have THAT much.</p>
<p>You do need to check with your CC and UF and see if the relationship does allow you to transfer to the Heavener School of Business. I can tell you right now that I know A LOT of kids who transferred to NYU, from many different school, but all of them came from 4 year colleges, and they all had to take extra classes to make the degree requirements at NYU. So, as I said and Gator88 also said, you are unlikely to finish in just two years coming from a CC in Florida. Those extra courses are going to be extra expensive NYC-NYU priced too.</p>
<p>I just realized that you are NOT a transfer. In that case you will be able to go directly to the UF school of Business if accepted. A lot of your credits will likely transfer, and you may very well be able to graduate early for UF, if you so desire, and maybe have money to spare to pay for an MBA or a visit, internship, etc to NYC. You can do a lot with what Stern will cost. NYU is probably going to cost you close to $70K a year on average and you will probably need all 4 years to get your degree. Take out some loans, and you and your parents will be paying close to $300K. That’s an awful lot of money. THink very carefully about this. If it’s truly affordable for your family, that 's one thing, but if it involves a lot of loans and more money than your parents want to pay, it is not. They’ve done well pre paying for some college for you to reduce the stress of these college years and expenses.</p>
<p>first get into Stern </p>
<p>Thanks for all the advice!</p>
<p>Have you talked to your parents? It is possible that they have money saved up for your college besides from the prepaid. In the meantime, you can also find out how NYU and UF would handle the credits you earned for your AA. Even if you are able to knock out a lot of general ed requirements, the schools may require you to take many of your business courses at the 4-year school so you may not be able to shave off much. Find out that information now so you can make the best decisions.</p>
<p>You want to work in finance and accounting and you are asking if it is a good idea to borrow 20-30 times what you need in order to go to a different school? How much higher is the salary of an NYU grad than a UF grad? How many years of working will it take you to pay off those loans with the difference (if any) in salary?</p>
<p>Be your own first client and advice yourself to save the money!</p>
<p>UF is a very good school. For $3000/yr (plus your prepaid and bright futures money), you will get a fine education. My nephew got into Brown, NYU, Cornell, and where does he attend? Florida! He didn’t want to have undergrad debt because he wants to go to medical school (his mother made him apply to all those other schools, but he always wanted to go to UF).</p>