<p>I got accepted into Tisch and BU for film. Tisch is definitely my first choice because it has the stronger film program. The only problem is the financial aid.
BU offered me $51,000 in scholarships and financial aid, and $8,000 in loans, which is amazing, and I could pay off.
NYU offered me $38,000 in scholarships and financial, aid and $29,000 in loans. Tisch is my dream school and I know it could offer many opportunities that would not be available to me at Boston U, but is the debt worth it? At BU I could graduate debt-free, but if I go there could it hinder my film career by not getting the same education and opportunities as I would at NYU? Or would being in debt hinder my career more?
If I go to NYU I know my mom will help me with some of the costs and I am prepared to get a job to help pay for the loans and, as well, and I will try to live as frugal as possible to minimize costs. Still, I am not sure which choice is best for me
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<p>If you’re going into film then the obvious choice is NYU. NYU has one of the best film programs in the country. It’s not like you’re paying full tuition anyway, so I’d say it’s definitely worth it and I AM JEALOUSSSSSSSSSSSSSSSSSSSSSSSS</p>
<p>I’d go with NYU. I got into both NYU and BU just like you. Even though NYU is going to cost so much more money, I think it’ll be worth the experience.</p>
<p>Please don’t take the above advice from fellow high schoolers who have no grasp of the financial implications. Time to stop swooning over NYU and realize that $29,000 in loans for each of four years is simply ridiculous. With a film major, who knows when, if ever, you’ll even be able to pay for your own food and housing, much less loan payments? Since you can’t borrow more than $5500 in your own name, the remainder must be Parent Plus loans–are your parents willing and able to take on this kind of debt? Are you willing to put that kind of burden on them? You can’t afford NYU. Take the terrific BU deal and be happy.</p>
<p>^ What MommaJ said to a T. 29k a year in loans will leave you with 116k of debt… and that’s not debt you’ll be able to service on a film major (assuming you go into a related field) salary.</p>
<p>I also agree with the above two posts… go with Boston University. Financial security is a big deal, do not put yourself into so much debt at such an early age.</p>
<p>Dream your own dreams. You are the only one who has the information to determine if going to NYU is worth incurring the debt because you are the one who will have to pay it. It sounds like you want to go to NYU. You have the opportunity to go to NYU. Why would you not go? Are your dreams for sale for $120,000? Are you willing to sacrifice to go to NYU? If so, go. If not, its a short train ride from Boston to NYC.</p>
<p>id say NYU but thats me</p>
<p>The best way for you to judge is to check out what type of job you can get right out of school. Here is part of an article regarding student loan payback and the amount caught my eye as according to CollectiveSynergy, it could pertain to your situation:</p>
<p>“Palazzolo, 25, graduated on Mother’s Day from Rutgers University with a master’s degree in public policy and student loans exceeding $116,000. His payments will average about $800 a month.”</p>
<p>The question is how can you live in NYC after graduation and pursue a career with these loan repayments? On the other hand, you could conceivably graduate from BU with no debt and move to NYC right away to follow your dream. Or even attend grad school at NYU? The key is to be the best at what you do no matter where you go to school.</p>
<p>Do not underestimate how difficult it would be to pay off that much in loans in a poor job market and uncertain economy</p>
<p>Tisch… BU film is just not on the same level. BU overall is just not at the level of NYU. It’s like if you are comparing BC with BU.</p>
<p>And people here are making generalizations about film majors. I don’t see why 120k would be an impossible salary for a film major… film major open you up to a variety of other fields like marketing and advertising. As long as you do the right internships when you are in school your chances after you graduate won’t be limited to just the filming industry. And it’s quite easy to land an internship here in NYC.</p>
<p>Because servicing 120k of debt confines you to certain career paths. If the OP wants to go make some indie films or work on a personal project, he/she’s SOL. And trust me, it’s much less stress to live in NYC with minimal debt, which the OP can do much more feasibly right after graduation from BU. I have friends in IBanking who scream bloody murder because of how their student loans devour paychecks.</p>