<p>My family declared ~20k in earnings.
My total FinAid package was for 53k. [this is still projected, as I was accepted into Stern ED]. 11k of that aid is in loans, and 4k is in work study. So I mean, its a wonderful amount of aid, its jsut that 11k is alot, and at 44k at the end of my tenure, plus interest, its going to suck. I am going to double major in marketing and finance, so I should have a pretty good pay check with which I can pay the loans back. I am applying for outside scholarships, as well as the Millenium Gates Scholarship. Its kind of an interesting paradox:the kids who come from lower class families have the easiest time with paying for college, while the kids who's families make more are teh ones sweating it out.</p>
<p>My family declared ~20k in earnings.
My total FinAid package was for 53k. [this is still projected, as I was accepted into Stern ED]. 11k of that aid is in loans, and 4k is in work study. So I mean, its a wonderful amount of aid, its jsut that 11k is alot, and at 44k at the end of my tenure, plus interest, its going to suck. I am going to double major in marketing and finance, so I should have a pretty good pay check with which I can pay the loans back. I am applying for outside scholarships, as well as the Millenium Gates Scholarship. Its kind of an interesting paradox:the kids who come from lower class families have the easiest time with paying for college, while the kids who's families make more are teh ones sweating it out.</p>
<p>not to burst your bubble, but the COA is going to increase every year.</p>
<p>Tuition will increase about 5%.
and the number that NYU puts on the COA is if you got the cheapest freshman dorm and meal plan (there are some dorms that cost more than they put down for room and board). And I would say their estimate of books is low too (based on what my son has paid for the last year and a half)
NYU</a> Office of Financial Aid</p>
<p>I wish you good luck (sincerely) in getting the Gates millenium thing (My son is white so not something he could get)</p>
<p>I think the average yearly inflation rate is around 2%.</p>
<p>The 2 moms make excellent points; too many students go into college thinking, Yay! A chance at my big dream school I can't afford, and they figure they'll just pay for it through loans. Parents need to sit down and have a serious talk with their kids about how these loans are going to get paid off. NYU gets more expensive every year, and loans have interests. </p>
<p>Is NYU worth $200,000 in debt? To be blunt, you'd have to be stupid to take out that much. It basically rules out any chance of Med, Law, Business, or Grad School. And if your B.A is in something like Film, Theatre, Latin, Cultural Studies - have fun living in a cardboard box and starving to death. Not because people with those majors don't make money (Tisch students are usually talented) but because you'll have an actor's salary, which for many means $8/hr as a waitress, + $200,000 in debt over your head. People need a reality check. They need to think like a grown-up for a minute and say, "Ok, I want to be an actor, it's my dream. Is it rational to take out an ENORMOUS amount of loans when I might have a minimum wage job for years?" The most successful actors don't have theatre degrees, they have talent.</p>
<p><,I think the average yearly inflation rate is around 2%.>></p>
<p>what does this have to do with how much tuition will increase. Nothing at all.</p>
<p>Tuition increase isn't based on inflation. It's based on whatever the university wants it to be</p>