<p>I was accepted into two schools I would really like to attend: NYU and UM (Miami). However, my parents won't pay for me to go there. We make about $110,000 a year so financial aid is basically nonexistent. I'd have to pay about 45k a year. Is there anyway I can get aid or have somebody co-sign my loans ?</p>
<p>smart parents</p>
<p>Unfortunately, if your own parents won’t cosign your loans, no one else will. By yourself, you can take out about 27K of Stafford loans for the full four years (not each year). This won’t be enough.</p>
<p>Will your parents help you to go to another school, or are they just not going to help you for college at all?</p>
<p>If your parents don’t want to pay because they can’t afford it, find a school you can afford…If they can afford it, and don’t want to pay,shame on them…</p>
<p>The way it works is that parents are responsible for college. If their financial situation is such that the system cranks out that they cannot pay, then the student is eligible for financial aid for those colleges that wish to give it. </p>
<p>Your parents have to look at their finances and their goals and decide what they can afford and what they cannot. Unless they have a big portfolio, for them to commit to close to $200k over the next 4 years, based on what they earn would be poor financial judgement. If they had about a third of that in savings that they could put towards the cost, enough leeway in the budget to pay about a third out of current income, cutting back on over $1000 a month in current expenses, taking out a loan for another third might not be a terribly risky proposition. But do the numbers and see what would be owed per month to pay off that whole amount you want them to borrow or cosign for you to borrow. Cosigning, by the way, just puts both your parent and you on the hook for the loans. Not a good idea to ever cosign unless you are fully willing and able to pay for the amounts when they come due.</p>
<p>Will your parents not pay for college at all, or will they not pay for those two specific schools? You also indicated on another thread that you had been accepted to Fordham and Drexel. Do you have any in-state public options?</p>
<p>You mention that you want to be a neurologist. As you know that will take many more years of schooling. Minimize your undergraduate loans. You will need to borrow for medical school.</p>
<p>I was accepted into two schools I would really like to attend: NYU and UM (Miami). However, my parents won’t pay for me to go there. We make about $110,000 a year so financial aid is basically nonexistent. I’d have to pay about 45k a year.</p>
<p>How much will your parents pay each year?</p>
<p>Frankly, many people with that income can’t afford to pay $45k per year. Most people don’t have college savings, so there’s no way that they can give about half their income for college. </p>
<p>What other schools did you apply to? What else is affordable?</p>
<p>Didn’t you ask your parents how much they’d pay before you applied??</p>
<p>Well, first off you should never have applied to NYU. That’s how you get aid, by not applying to NYU. There’s almost no situation in which NYU would have met the full-need of a middle class applicant, your guidance counselor should have known that–assuming you don’t live in Alaska.</p>
<p>Second, it’s very late to try and renegotiate aid. You can try and send in a consideration of special circumstances form to the financial aid offices, but it’s unlikely that will help much–especially not this late. And unless you have some easily verifiable and dramatic expense, I wouldn’t bother sending in one to NYU. Almost every student who applies for aid sends one in, along with phone calls etc., they’re experts at blowing people off.</p>
<p>Third, you should yell at your guidance counselor if you followed their advice and you only have two schools to choose from.</p>
<p>“We”? I’ll assume you have a job and are included as part contributor of that $110,000 salary. Otherwise… grow up. Get a job and work your own way through college. You actually can get somewhere in life if you go to a less expensive school. Your parents are not obligated to pay for a thing no matter how much “we” make! Welcome to real life.</p>
<p>Even people with some college savings can’t afford to pay that amount. There’s frequently other kids in the family that need to go to college also and parents would like to retire at some point in their lives. $45k a year is an enormous chunk of that savings. NYU is known for bad financial aid, and those of us that have been on cc for years have seen this same story every year in April. </p>
<p>My D wanted to go to Kenyon but woke up when she saw the $37k a year price tag we would have. Took the full scholarship to Ohio State has never looked back. OP I hope you have a financial safety.</p>
<p>NYU meets full need (including merit) only of the top-most applicants who would get the same offer from other schools. NYU is so popular that it always has enough applicants who can afford it.</p>