Yet ANOTHER story on student debt and NYU

<p>nalak92–your response is quite interesting and shows a total lack of understanding of the real world. </p>

<p>But, hey, best of luck to you! Hope all your dreams come true (despite how unrealistic they may be!) : )</p>

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Do you think people become VP’s right after graduating or something? Generally you need job experience to get a position like that, which I think is more important than the degree itself. It’s not like people with business degrees get to dive into the VP gigs while the arts/science majors struggle in their cubicles :confused:

Hmm I’ve read so many emails where NYU talks about its endowment and compares it to ivy league schools, pointing out ours is significantly smaller. But realistically speaking, our endowment isn’t significantly smaller than most top 50 private universities (excluding the ivies). Honestly, I think the reason NYU’s financial aid is so poor is because of expansion. Up until like 50 years ago, NYU was a no-name local school for mostly commuter students. Then they started expanded, improving academically, and became a world-renowned university; naturally tuition went up by a lot. But since then the administration has continued to focus on expansion while I think not much is being allotted for financial aid. I have no clue how much NYU spends on financial aid vs other factors since they refuse to disclose their budget.</p>

<p>I understand the idea behind expansion is it will attract more students and raise the prestige of the university in the long run, but that’s costing us better financial aid. Personally I don’t care about Sexton’s pet projects like AD and such. I would rather see them better financial aid and academics and focus on the land/facilities we currently have as opposed to trying to purchase every real estate option on the island.</p>

<p>I don’t think NYU is paying anything to create the NYU AD campus. In fact, they are getting paid to do it. </p>

<p>From the NYMag article:</p>

<p>“The financing of the deal is equally extraordinary. The city-state of Abu Dhabi, having already committed a $50 million “gift” (effectively a down payment) to the university, has promised to finance the entire Middle East campus and a good deal of NYU New York as well.”</p>

<p>Abu Dhabi has the money, obviously. They want the prestige of an internationally recognized university and are willing to pay to get it. I think the controversy surrounding the deal is very much like that of the Louvre Abu Dhabi that will open in a few years. It is about whether or not NYU has “sold out” to big oil, not if they are using endowment dollars to fund a controversial second campus.</p>

<p>@jassy</p>

<p>Alix isn’t just referring to AD. We expanded into China, Israel, Prague and more. We’ve built dorms and hired staff around the world for all of these global sites. Our expansion has been rapid, and while I know it does benefit the university, our study abroad program is ENORMOUS and we don’t really know if it’s a detriment to WSQ or not.</p>

<p>The reason NYU gets so much flak concerning the insane debt people graduate with is because…drumroll…of the horrible financial aid, which is something that has been discussed OVER and OVER again on this site. The reason why colleges like Sarah Lawrence and other similarly priced colleges don’t get that kind of attention is because they obviously make it far more possible for students, regardless of socioeconomic background, to attend. I’m not even going to touch on the major stuff concerning this girl, since I think it is a moot point, and there is no question that both she and her mother own a great deal of responsibility here. But obviously there wouldn’t be so much attention given to NYU in this area if there wasn’t something there. So OWN it-or make it more affordable for students to attend regardless of background. Or make it abundantly clear to them what they are getting into before they sign the loan papers. And then maybe NYU wouldn’t make such a bad name for itself in this area.</p>