<p>NYU is raising tuition because they can get away with it.</p>
<p>Public schools are raising tuition because they have no choice - their state subsidies have been slashed.</p>
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<p>And because there are enough people deluded enough to think the price is worth what paying.</p>
<p>Is that not true that most schools are raising their tuition every year? In this case, the total impact is about $15K for 3 yrs which is not too bad considering the total COA is over $250K. The living expense will go up too. But, NYU has its advantages for internships. Your student may be able to take advantage of that.</p>
<p>Unfortunately internship salaries don’t go up at the same rate (if at all).</p>
<p>I am not defending NYU but its cost and financial aid polices aren’t secrets -so why do people express such outrage about it. Does anyone think that going to a private college that has a limited endowment in an expensive city will not land you into debt. Only if you have the money to begin with! No one has to choose NYU, there are other choices.</p>
<p>I’m not sure anyone here really expresses outrage with NYU. We express frustration with students who refuse to think through the debt numbers they will have if they attend the school. For some reason NYU has a much greater allure to students from East Overshoe than Podunk College does.</p>
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<p>Well… If you put it this way… Many would choose NYU. </p>
<p>But surely there are many more cheaper good options between NYU and Podunk College? Right?</p>
<p>And whoever said, that at NYU students have ADVANTAGE of internship is delusional to think that only NYU offers that. I went to state school in Midwest, in a state, where we, the hicks, once had an ex professional wrestler as a governor. I had no problem finding internships, including on both East and West coasts. All of it for a fraction of NYU’s cost.</p>
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<p>Young lady I know had an internship with an international television network in their London office, immediately after graduating from a state directional out her in the land between the coasts. The internship led to a job offer in the network’s L.A. office, where she now works.</p>
<p>NYU is highly ranked for IB. When I mentioned internship, I was referring to opportunities with big banks. A top NYU business student definitely has the advantage. It is not necessarily a bad choice even if a family has to borrow $50K to $100K.</p>
<p>NYU is a terrible choice if it means borrowing $100,000.</p>
<p>It is always easy to let your family get into $100K in debt - try paying that off yourself - especially if life doesn’t turn out to be as easy as you thought it would be.</p>
<p>For a top student aiming for IB, NYU is equivalent to most of the top 20 schools. It is not a terrible choice for a family with substantial funds sitting in the 401K. The loan could be just a way to avoid withdrawing money from the plan for tax purposes.</p>
<p>I haven’t read all through this thread, so I’m not sure this has been mentioned. </p>
<p>One thing middle class students could do to lower the cost of college is to take lots of AP classes and actually prepare for the exams so that they can do well. This can work especially well if you go to a university that accepts most exams and scores of3 or higher. </p>
<p>When I still went to public school, a lot of people took AP classes but almost no one prepared for the exams. People would spend the $80 and get 1s or 2s every time. </p>
<p>Personally if I went to the local state university, I’d be able to automatically get credit for general biology, chemistry, physics, calc I/II, and freshman comp. With AP credit alone I would have my freshman year finished for a biology major.</p>
<p>Momof3greatgirls- I strongly disagree. The top 25 colleges/universities generally give very little or no merit aid. So, unless the student qualifies for need based aid, they and their parents are on the hook for $55k a year + Both my son and daughter got into almost every school they applied to. Schools that were top ranked but not Ivies were generous with merit. Schools like Harvard, Yale, and even Northwestern, Wellesley, Claremont McKenna have so many top students that merit aid is rare. Boston College gives one merit package a year to “a student who walks on water” (their words). In the 3 years since I did college search with my son, price tags at the privates have gone up by 10%. I think it is an outrage and it is setting students who get into top schools but can’t afford it up for real misery.</p>
<p>Private schools are edging towards the $60K a year price tags. That means that those entering these schools this year are looking at a total cost of a quarter of a million dollars for undergraduate degree. </p>
<p>I believe that the availability of loans for college is causing the prices to go up. Pull the special treatment of education loans so that people cannot borrow, and see what happens. Yes, there will still be schools that people will be willing to beggar themselves for their kids to attend, but I think in a short time, it will bring the true value of colleges into perspective. </p>
<p>If you read this section of the forum on people willing to do anything just to borrow that money for college without a thought of how they had managed their money in the past which often is the reason they need to borrow that money for college, you will see very clearly who the students are in massive debt. Some of those students have that noose around their parent or other loved one who cosigned for them too.</p>
<p>I just decided to stay one more year for my Master’s in System Engineering and Technology Managment. My UG is in Computer and Systems Engineering…</p>
<p>With this extra year I am stay for my Master’s I will be about 60k in debt. I will have like a 3.5 as a UG and I don’t know what my Master’s GPA will be but I plan on working hard…how screwed am I?</p>
<p>…I go to RPI if that helps.</p>
<p>Msmom2009</p>
<p>[qoute]Momof3greatgirls- I strongly disagree. The top 25 colleges/universities generally give very little or no merit aid. So, unless the student qualifies for need based aid, they and their parents are on the hook for $55k a year + Both my son and daughter got into almost every school they applied to. Schools that were top ranked but not Ivies were generous with merit. Schools like Harvard, Yale, and even Northwestern, Wellesley, Claremont McKenna have so many top students that merit aid is rare. Boston College gives one merit package a year to “a student who walks on water” (their words). In the 3 years since I did college search with my son, price tags at the privates have gone up by 10%. I think it is an outrage and it is setting students who get into top schools but can’t afford it up for real misery.
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<p>Most of the kids that are going to top 25 colleges after they are accepted have either the money to attend or they get finacial aid. Upper middle class students are aften priced out of the these colleges. They don’t go because of the money. </p>
<p>[Best</a> Values in Private Colleges 2011-12 - Yahoo! Finance](<a href=“http://finance.yahoo.com/news/pf_article_113708.html]Best”>http://finance.yahoo.com/news/pf_article_113708.html)</p>
<p>NYU is not in the top 25 so not sure why people keep saying they are. They are high but not top 25 and they are magnet for many to attend because they are in NY. </p>
<p>There are plenty of private lower tiered colleges that cost near the same amount as the top colleges.</p>
<p>Here is another article on student debt: </p>
<p>[Student</a> Debt HitsThe Middle-Aged - Yahoo! Finance](<a href=“http://finance.yahoo.com/news/student-debt-hits-middle-aged-030900759.html?l=1]Student”>http://finance.yahoo.com/news/student-debt-hits-middle-aged-030900759.html?l=1)</p>
<p>Cavity, it will depend on how quickly you find a job that pays enough for your expenses and repayment of the loan. It also depends on how much help your parents can be. When you graduate, it’s rare to have a job sitting right there for you to start the next week. So unless you find one in Troy so that you can stay right where you are, with minimal disruption and cost. </p>
<p>My son just graduated. He does not have the job he wants, and his temporary job is near where we live,not his college, so he had to pack up and bring all of his stuff home. We paid for those expenses so cost was not an issue to him. Nor did he have to worry about 3 squares and cot when he got home, and he started his summer job, which pays well, to start accumulating cash. He wants to go on a world trek at the end of the summer which will deplete his stash and start serious job hunting when he gets back. He has our home as a springboard to do all of this. No rental payments, nothing as of yet.When he gets a job offer, unless he is lucky enough to get one within commuting distance from here, he will have to move and find a place to live, which will mean more expenses, including rent, deposits, utilities, all before he gets his first paycheck. If he is very lucky, maybe, maybe his company will reimburse him for some of that. Or we help him out again. Clothing, apartment supplies and furniture, all of that stuff he may need. And he is better off than most graduates with that summer job he has, remember. Student loans payments start coming due before the end of the year, remember, with the debt increasing everyday with interest.</p>
<p>In the best scenario, he gets a job that can cover his monthly expenses and some. So do the numbers for yourself. What is the monthly loan amount that you will be expected to pay 6 months after graduation, and what do you expect to make per month? Do you have “seed” money to find a job and get settled somewhere, or parents who can help fill that gap? </p>
<p>My son has a roommate who was on a generous financial aid package at his school, and his parents live in an area where there are simply no jobs out there. So after graduation, this young man has no job, no money and his “home” has little or no potential in giving him either, as his parents have very little, if any extra. He has loans coming due in, now 4 months to add to the problem. He has no car, no savings and has to job search long distance. DS has asked if he can stay here for a few months, looking for a job since NYC has more to offer. He will have to pay his way to get here, however, and getting around in this area is not cheap either. A train ticket to Manhattan is more than $8 one way, off peak, for example and that does not include bus and subway fare once you are in the city. </p>
<p>So, how screwed are you? What are your plans in finding a job and your prospects and your resources to help you until you get that first paycheck? If you have a job awaiting you upon graduation, it would be very helpful. You would then just need the money to make the transition from school to where your job is. If you have parents or savings to fund that transition, and your job pays enough so that you can make your expenses and pay that monthly loan amount, you are in good shape. Otherwise you are going to have some problems.</p>
<p>Students and parents need to REALLY research colleges and cost of attendance when students are in 9th and 10th grade. There are so many variables! Case in point, my youngest was all set to attend an in-state school to become a CPA, thinking that it would be the most cost effective strategy. Not so! The private school she will attend this fall is $4,000 cheaper (due to lots of awards) & she can complete her CPA there in 4 years. Also, the private has a higher CPA pass rate than the state school.</p>
<p>Community College sounds cheaper, but a student can get lost in the shuffle! Some community colleges have larger enrollments than universities. We, as a family made a commitment decades ago; parents working extra hours and second jobs, no vacations, frugal living, children working 60 hours a week at summer jobs, no cars at college, and living in less than desirable college housing. These are all ways to cut costs and save money and to alleviate debt.</p>