<p>ok, i know there are 2099228 threads like this but seriously... how the frick are we supposed to pay for nyu. please don't reply "my parents just cover it" - thats not the response im looking for. i got 12,500 in merit aid but i still will be 60,000 dollars in debt after undergrad. my parents want me to pay for half of my schooling. is nyu worth it?</p>
<p>Paying yourself 30,000? That’s actually not too bad. I’d go for it, NYU is an excellent school. Best of luck.</p>
<p>no, sorry. i would pay 60,000 and they would pay 60,000 or at least owe it after i graduate.</p>
<p>you have to figure out what’s more important to you. in my opinion, nyu is worth it. tons of kids come out of college with debt and work to pay it off.</p>
<p>Read ALL the other threads that are exactly like this. Your parents, by asking you to pay half, are helping you see the pitfalls of debt versus accepting a less expensive education. There are arguments to both sides. Most “kids” who recommend you “go for it”, are NOT those that are currently paying off loans of this size. The average Harvard student graduates with…what is it now…something like $8000 in debit. Yes, $8,000…not $80,000. </p>
<p>So, is NYU worth it? From someone who LOVES NYU, and whose child ALSO loves NYU, but who is NOT independently wealthy and will probably get merit/need money similar to yours - unfortunately, no…it’s not (to US) worth it. I’d like to answer differently. I’d love for my D to attend. But…at what cost? The loss of my retirement fund (so she’d have to take care of me…would she want that?)? The lost of any money I could use to help her pay for grad school, or “leave” to her, or pay for a wedding? If you/they get into such deep debt…what will happen when you need a $1,000 crown on your tooth or your car breaks down or your heating bill triples in the winter? Perhaps you could work out a realistic budget. What you feel you’ll earn after you graduate. Take out taxes! And hopefully something for savings (both short term emergency and long term), remember all the tiny things like a new dress/suit for an important function, out of pocket medical expenses, Christmas gifts, dry cleaning. Include 5% cost of living inflation each year. Then run an amortization schedule to calculate your repayment of those loans. You MUST have open eyes/a realistic picture before you take on such huge loans. The truth is that many CANNOT afford NYU. It’s a hard fact, but a fact nonetheless. Best of luck to you.</p>