<p>I really, REALLY want to go to Stern next year. I'm fairly sure I have the scores to get in, but I'm worried about the money. My parents want me to go to my state school so I can have in-state tuition, and they also said they will have nothing to do with me going to school in NYC. Based on NYU's financial aid record, it looks like I would have around $30k or more in loans every year. My question is, is it worth it? Of course I think it is, but I would love to hear others' opinions on the matter because at this point it's just me and my parents butting heads.</p>
<p>Personally - a loan as hefty as that is worth taking for grad school but not for college. For college, a better option would be a place like georgetown or fordham even, where the aid is much better. This is just my opinion, do as you please.</p>
<p>if your parents are willing to pay instate tuition, that would leave approximately 30,000 that you would have to come up with per year. If your score are excellent you may be entitled to some money. If your EFC is high you can expect 10,000 maybe in Free FA money, thus leaving you with a potential 20,000 per year and that is way to high in my estimation. These are all ball park numbers without knowing your real numbers. But the only way to know for sure is to apply.</p>
<p>My parents want in-state tuition because I have state scholarships that would allow me to go for free. I should have made that clear - I’m sorry. The one thing I do have going for me is that my EFC is 0. However, I’ve heard that even with an EFC of 0 the aid is only around $20k in grants, which is where I got the $30k number for loans.</p>
<p>It wouldnt hurt to apply and see what they would give you, would it? Things could change by April.</p>
<p>I’m at NYU right now…</p>
<p>If you plan on getting an MBA, save the loans for that and go to a top state school and kick butt, get a stellar GPA, and be a star and get internships… Your starting job, if your top dog at state school, will probably be no different than if your graduating from Stern…</p>
<p>Then, with that stellar GPA and work experience, you go get your MBA, take out loans for it, and make $160k a year starting, plus a big hefty bonus</p>
<p>If you don’t plan on getting an MBA, and want to rely solely on your undergrad education, then take out the loans. NYU Stern has major respect out here. Your job prospects are terrific, and if you work hard enough, ull easily make enough money starting out of graduation to pay back loans…</p>
<p>That being said, if you come to Stern, and plan on chilling and not standing out, DON’T DO IT! Stern is prestigious, no doubt, but your a dime a dozen. Kids from Ross, Wharton, Sloan, and HAAS are competing for jobs with you. If you don’t stand out in Stern, or work your butt off, you could seriously have TROUBLE FINDING ANY JOB AT ALL! I’ve seen it numerous times!</p>
<p>Think about your career goals, and how hard you want to work. </p>
<p>Best of luck!</p>
<p>Well, the state school I would attend is USC (South Carolina). They have an honors college I would attend, but I’m just not sure about internship opportunities. Plus, one of the reasons I want to attend Stern is because I love the city so much, and I plan on living and working in the city after I graduate. So, as much as I would love to get an MBA and make $160k a year starting, I’m just not sure where I would get the work experience before that MBA.</p>
<p>I’m somewhat in the same boat, I also live in SC but I will be able to attend Clemson and USC free of charge, but I would choose NYU over both despite the cost. Yes NYU is expensive, but I am applying to numerous outside scholarships, and those coupled with any FA grants I may receive should hopefully put the loans at a manageable level. The reason I am taking my chance is because I believe Stern would offer many more opportunities for internships, networking, and studying abroad which were all important to me. </p>
<p>Nice to find another NYU applicant from SC!</p>
<p>Go to WallStreetOasis.com.</p>
<p>Read anything you can find about the competitive differentiation between the top-10 undergrad business programs. Then read anything you can find on how abysmally small the chance of someone making it from a non-target school to a bulge bracket firm. It’s ridiculously cutthroat within the top-10. Imagine how much more challenging it is coming from a top-100 or non-ranked undergrad program.</p>
<p>Put it this way; I’m willing to take the full financial responsibility for a $250,000 undergrad education with only about 40-45% financial aid. Why? Well, a) I’m a risk-taker in general and willing to do it if it improves my chances, and b) it’s virtually impossible to break into the elite firms if you don’t give yourself that distinction.</p>
<p>If it’ll help you, read my thread here: <a href=“Current Stern Sophomore: Ask Me - New York University - College Confidential Forums”>Current Stern Sophomore: Ask Me - New York University - College Confidential Forums; , and feel free to ask anything else you’d like to know.</p>
<p>Really nice to see another applicant in SC that doesn’t want to stay in state. It’s amazing how few people at my school want to go out of state.</p>
<p>Also thanks for your post hellodocks. I read your thread and it was very helpful. I’ll post if I think of anything to ask.</p>
<p>@Mystakin I know exactly how you feel, of the 250 people in my class about 2 want to go out of state (Me and a friend who wants to go to Chicago)… Did you apply ED?</p>
<p>@hellodock I read Wallstreetoasis.com daily, it’s the main reason I knew I liked finance and not just the temptation of money.</p>
<p>Ahhh, I’m so glad other young people are familiar with that site. Literally, you have no idea how helpful it is during OCR. 1st round interviews are alright, if you’re the sort of person fit for the field, fit/behavioral interviews are just not a problem. 2nd round/technicals are just a ***** though. Having people who sit on the other side of the table or who went through your whole ordeal just one, two, or five years ago who are willing to give you the best answers is sort of like having a cheat sheet. It’s brilliant.</p>
<p>I’m glad my thread’s been of use. I hate to think of how much isn’t accessible to people interested in the school. I give it to people as it is, raw, with no prejudice (that I’m not willing to admit), and from a student’s perspective. If that helps you, then I’m happy. =)</p>
<p>i have the same problem as you. i’m applying for nyu cas and yes its pretty expensive and nyu is horrible at giving financial aid.
as for me, i really love nyu and i would be willing to take out the 30k loan for it
however, if you do not love the school, i highly do not recommend it, like if its not your first choice then don’t do it.
a lot of people tell me they regret not going to their first choice school because of financial reasons. so yea basically if you want it go for it</p>