Why do people say that NYU is extremely expensive?

Applying to College
1

<p>I mean I understand that they give very little financial aid, but in terms of just regular tuition (without aid), it's much cheaper than the Ivy League....</p>

2

<p>It is mainly in the context of net cost after financial aid for those not from families in the top 5% income ranges. NYU and some of the Ivy League schools are at the opposite ends of the spectrum in terms of reputation for need-based financial aid; a student from a lower, middle, or upper middle income family is likely to find some of the Ivy League schools to be much less expensive than NYU, if s/he gets admitted.</p>

3

<p>“Why do people say that NYU is extremely expensive?” </p>

<p>I’m happy that your parents can write a check from their money market account to pay for a year’s expenses or you can ask your trust fund attorney to cut you a check. Welcome to the 1%</p>

<p>Then why don’t you got to the US Census data and tell us what the median family income is for a US resident. Then tell us the answer to your first question.</p>

<p>Your question is borderline absurd</p>

4

<p>And don’t forget, that the Cost of Attendance is just not tuition. Total COA for NYU is over $60k, which is comparable to or more than the Ivies.</p>

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<p>Indeed. Such student may also find the Ivy college less expensive than his/her instate public.</p>

5

<p>A lot of the Ivies come out to about $50k for COA, but NYU is over $60k as someone mentioned. That’s a difference of $10k, which is a heck of a lot for some families. A few years ago, NYU was even ranked as the highest tuition in the country (something like 4 years ago I think it was), but has since been surpassed.</p>

6

<p>I dont think that T26E4 needed to be that mean to the Op in post 3. NYU is about on par with some other colleges, and below a few others. Its a legitimate question. We don’t often refer to Georgetown that was even higher than NYU a few years back as the most expensive. Its the fact that NYU is extremely tight with its fin aid that makes us call it the most expensive. If you consider that at least 30% of students at even the most generous college pay full tuition, then its a doubly legitimate question. And if its a case of the parents who scrimped and saved all their lives and contributed to a 529 to be able to afford any college, its an insult to the OP.
I also have an issue with – student from a lower, middle, or upper middle income family is likely to find some of the Ivy League schools to be much less expensive than NYU, if s/he gets admitted. — not upper middle income. They really do cut off at between 200-250K.</p>

7

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<p>In the US, we see the following approximate thresholds of household income:</p>

<p>top 10% ~ $120,000 per year
top 5% ~ $170,000 per year
top 1.5% ~ $250,000 per year</p>

<p>So if we assume that “upper middle income” ends at or below the top 10%, then we see that the “upper middle income” is well within the “generous need-based financial aid range” of some of the Ivy League (e.g. Harvard, which expects a family contribution of 0% to 10% of income for household income ranges of $65,000 to $165,000 per year).</p>

8

<p>^^Exactly. So for ~95% of the country, HYP is cheaper than NYU. And for ~90% of those income earners in California, to pick on a state, the Ivies are cheaper than UC at instate rates!</p>

9

<p>ah OK. I got confused with the COA and the tuition cost. thanks for clearing it up :)</p>