<p>I’m new to this but I’m it seems to me that $50,000 is the least a student will need to borrow if they aren’t getting any parental help, unless you can go to a state school in your home state. The private schools my son has applied to all charge $30000/yr + for tuition alone. Kids should also know that they will be hard pressed to rent anything in NY for $400/month unless they share 4 to a studio apt. We live in Brooklyn, I really don’t know how young people come here and survive without help these days.</p>