<p>My mom makes ~$30,000 a year. NYU wants me to take out a little over $132,000 for four years. </p>
<p>L</p>
<p>O</p>
<p>L</p>
<p>@stohare2010</p>
<p>Wharton degree = higher paycheck than NYU. And it’s about 4 times cheaper, too (for me, anyways). I turned down Stern for Wharton immediately because of that. Would have considered it for a longer time had Stern given me better FA.</p>
<p>@sausa9</p>
<p>Im 100% sure that city and hunter have housing college board just does not post it up. However they only offer a room no board/meal plan. The rooms come with full kitchens and since 90% of the students commute there is not a lot competion to dorm.
I live near City college dorms and look like apartments
Baruch im not to sure but the CUNY system has an office didcated to finding ppl affordable housing.</p>
<p>sorry but $90-100K of total debt is typical these days.
Our state school tuition is only $9000. (Maryland college park),
but add room and board, fees, books, and others of $13,500
It goes to $22,500. That X (4 years) = $90,000</p>
<p>very sad…you get the picture. Is this better than the $110K debt from NYU, yes but hardly.</p>
<p>I got hilariously bad financial aid too. There’s no way I’m going to NYU now.</p>
<p>I cannot imagine that most students go into $90-100K of debt. There are alternatives to keep down significant debt. Told Daughter when you began her college search, she does not want to incur more than $20 for her undergrad degree. Grad school is in her future. Fortunately, through fantastic grades and scores, she’ll graduate debt free.</p>
<p>Elan…no…that’s not correct. $90,000-$100,000 is NOT typical in any way, shape, or form. NYU wants a very wealthy clientele, and they get it. More power to them. They get full pay students, then grab a few low income “texture” students and pay for them to attend. It’s their formula, and it works fine for them. </p>
<p>BUT… most people do NOT go into the debt amounts you mention. You can search average debt at graduation and you’ll see that. We just have to select schools that are within our income level. Example, my daughter will now attend a state Uni where she was given so much aid due to her academic success that I have the balance right not at home in my “cookie jar”. </p>
<p>Grad school is another story, not much aid and many DO go into debt for that. It’s actually an “investment”. Whereas…undergrad these days is the MINIMUM education most people want, so one can’t “bet the farm” on that entry level degree. Even Harvard attendees these days graduate with…what is is…something crazy like an average of $8,000 debt. Because they either go free if they’re low income, or they can afford to pay. Those of us in the middle select other schools. Now…the average school might COST $80,000 to $100,000…but most kids do NOT go into that DEBT for their undergrad. </p>
<p>But, since NYU doesn’t give merit aid (they told me this AFTER wasting half my child’s life working for an acceptance), and they calculate “need” differently than other schools, and they never promised to meet need…that’s how it gets the “sucky aid” reputation. Not that it’s REALLY sucky. It’s just their way, and…it works for them.</p>
<p>Pretty much the only reason why im not going is financial reasons, plus the lack of campus, but mainly the money. SO many loans, theres NO way i could afford this school. If they dont want me enough to give me more money then im not going.</p>
<p>I got in to NYU CAS a few days ago, i was super excited because it had been my top choice forever!! i got into BU and Uni of michigan, blah blah and didnt get into BC, UVa. i was so suprised i got into NYU, i really thought i had barely a chance of getting in. </p>
<p>I was in fact thinking to go to culinary school (CIA), then i dont know if i will now, since i got in to NYU… </p>
<p>But then i found out i would have to pay $28,000 a year!!! that’s insane amount and will be about $120,000 (4 years) by the time i graduate.
I dont even know what i’m going to major and if i cannot pay those debts after college, it’d totally suck… my mom said she’d pay for me if i really want, but i really dont want her to pay over point million dollars which she could use for herself after retirement. also, if i go to NYU, i might end up going to graduate school so it’s more debt and burden…</p>
<p>so i’m frankly inclined to CIA (culinary institute of America) now, as i wont obviously have hard time getting a job as a chef after school. I’m going to NYU this weekend to attend an event for admitted student and make a final decision after that, but i dont know… it’s been my dream college forever and it sucks i cannot go because of money.</p>
<p>@R1246 - Sorry to hear about that…best of luck to your daughter wherever she ends up
Well, they do give out some nice scholarships too. </p>
<p>And I disagree about Grad school - PhD programs are usually free and include a generous stipend (at least in science/engineering fields). There is no reason to go into debt for Grad school unless it’s Professional school like Med or Law.
Hahah no, not even close - according to statistics, the average debt for a public college grad is $10,600 and for a private grad it’s $24,200. In most states, tuition is $2k-$5k/year and room/board is around $6k - total 4 year costs are rarely $100k, and if your EFC is low you get loans, whereas middle class parents usually chip in for costs. Very, very few people take out $100k in loans. You either have to be really stupid, or really poor :/</p>
<p>Alix-yes, NYU does give out a few “nice” scholarships…but they’re still NEED based. Must have merit AND need. That’s why they vary so much. People get their packages and they’re crazy different from other students of same caliber. A grant or two or three…or a scholarship no one has heard of etc. I saw the kids who got the “big” schollies…and several had far lower stats than my d. Because, NYU wants “texture”. Same with the “other” scholarships. They CALL them "scholar"ships, but they’re not based on merit. They’re “hybrid”. And an NYU counselor confirmed that to me last week. So…still hurts my feelings that a kid who is top percentile in everything…can’t go due to money. But…that’s MY problem, not the Universities. They sell their product and if we can’t pay - then we can’t. It’s all good. I’ve got a year’s grad school money now put away for my D. As for PHD’s being "free’…good luck with that. However, after undergrad there is a LONG way to go before PHD. And, as you said…med/law IS a reason to go into debt, and they’re far from free. ANd law IS where my D is probably headed. So…it’s all good…without NYU I now have a year’s grad school in the bank so … onward and upward.</p>
<p>Once again, this is a good point to interject the whole expensive LACs, Ivies and privates have largely made the decision that they are looking for the super rich, internationals, the fairly poor, and those who will agree to go deeply into hock. They have fairly widely eliminated the middle and upper middle classes, where many of the kids of the professional parents fall. It seems to be working for them. They get tons of applications.</p>
<p>
Not true, because NYU offers merit/talent scholarships as well. I don’t know what my exact EFC is, but my parents combined salary is definitely over $200k, and I am on a scholarship at NYU. The scholarship I’m on is specifically designed for women who were finalists/semifinalists in Intel Siemens research, for example. It’s rare, but it’s unfair to say NYU doesn’t offer it.
Well, I’ve been doing science research for about 5 years now in various hospitals and labs - I don’t know a single person who paid for a PhD. Science/Engineering phDs are almost always free and include research stipends. PhD programs are selective for a reason - you don’t pay for it. Maybe it’s different in non-science fields? But Law/Med schools are insanely expensive.</p>
<p>lots of students apply for PhD programs right after getting a bachelor’s, so not too long of a way to go. I’m currently researching graduate programs myself.</p>
<p>PhDs are also funded in many humanities/liberal arts fields. I know a few people who are funded PhDs, and they’re in fields such as History, English Literature, Cultural Studies and Anthropology. That’s what makes them so competitive.</p>
<p>Since PhDs in these fields often end up in academics, paying for a PhD is downright bananas.</p>
<p>Guys. I am admitted to the following schools:</p>
<p>U of Maryland college park: $22,500/yr. Only loans available…
U of Wisconsin Madison: $37,000/yr. Only loans available.
NYU: $56,000/yr - $21,000 (scholarship)=$36,000/yr
American University: $50,000-$32,000 (scholarship) = $18,000.
Another safety school: full ride (they want me bad).</p>
<p>Seems like my match/reach schools are more costly than the safeties. What should I do? Have debt in a good school or no/low debt with a lower ranked school.</p>
<p>@elan - Well, American University is a pretty good school. It’s in DC so you can get the urban experience there too. </p>
<p>To clarify: do those costs include room/board/everything? If so, I would personally go to American. I hear it’s similar to Georgetown, although not as elite I guess. And I’m guessing American U is better academic-wise than your safety school? What’s your major? NYU might be worth it for Stern or something. American U has amazing Politics/International Relations programs if you’re into that, idk.
Yeah, exactly. With Med/Law school the heavy tuition is often seen as an investment that will pay off. For fields like English and Cultural Studies, it would be really stupid to go into debt for a PhD. That’s why programs are so selective! My brother’s girlfriend just got into NYU for an English Lit PhD program - she was ecstatic, they’re covering full costs :)</p>
<p>Im not going for the same. I got into UCLA, so why bother?</p>
<p>NYU does give merit aid without financial need. D is getting $11K/year and our EFC was very high (we are far from rich, but we live near NYC and have 2 incomes.) However, her award is a talent scholarship through Steinhardt. It is clearly stated by NYU that these awards are available. And there are a few others that are talent based for art, music and theatre at Steinhardt and Tisch. Also as Alix mentioned, some awards for NMF Finalists and for Intel recipients are merit based only. And the Presidential awards are merit based as well.</p>
<p>However awards in other areas are only given if there is need and merit. Awards for scholars programs are generally need based as well.</p>
<p>The most important thing is to really know you EFC and research what each school offers. D mostly applied to schools that offered merit aid (Barnard was her one exception) and I made sure she could qualify for merit aid ahead of time by speaking to admissions and the finaid department where necessary. For some schools she had to audition to gain her merit aid or apply for special scholars programs. A lot of research is needed.</p>
<p>She recieived merit offers from many schools and they really were what I had reasonably hoped for.</p>
<p>I think NYU quite clearly states that they do not give much merit aid and that they do not meet full need. People really should not be so surprised at the outcome. D knew that if she was going to attend NYU and get merit aid that she would have to be a music major. She was interested in taking business classes too, but if she applied to Stern alone we knew she would not get any $. So she is loving her music major (MT), enjoying her minor in Business and I have $44K that can be put towards grad school.</p>
<p>My S will not be attending due to cost. Thrilled he got accepted but the cost is just to much.
NYU was the only school that did not offer him any scholarship money and he applied to 12 schools. NYU probably has rich kids paying full tuition and lower income who receive FA and take out tremendous loans. NYU had the highest tuition and the lowest aid for my S
NYU probably has rich kids paying full tuition and the lower income who receive FA and take
out tremendous loans. Scholarships my S received ranged from 10,000 - 22,000. NYU-0!
Something seems wrong with this picture.</p>
<p>Again, I think that people have to be realistic about their expectations based on what a school states as their policy. Obviously when NYU states they do not meet full need, they mean it. Which means they expect people to pay their EFC and then some. The “then some” can be quite a large gap, but then again NYU does say that this is the way it is.</p>
<p>So if this doesn’t work for people, they should understand this from the beginning and decide if it is worth the disappointment that most applicants are gong to experience with unrealistic expectations. But if you understand that some people do get lucky with financial aid, you can take the chance and hope for the best. But in most cases, “lucky” would still be paying your EFC but not having a large gap.</p>
<p>As for merit aid, I don’t see why people are so surprised that it doesn’t materialize. NYU does state that very few people get it, and only in special programs or with specific criteria.</p>
<p>There are many schools that we crossed off our potential list because we knew that the outcome would be no aid at all. Good schools that would have been an excellent fit for D like Vassar and Tufts. And of course, all of the Ivies. For us it was clear, if there was no shot of any merit aid from a school, then D didn’t bother applying.</p>
<p>And so our outcome was favorable, because it was realistic. NYU came through with merit aid as they stated they might.</p>