Is it worth 100000 grand in loans to go to NYU?

Question

So basically I am torn. I want to go to NYU so bad. However I would have to take out roughly 25000 in loans per year. Is this worht it?

Answer 1

Yes, it is if it is a dream school or has the exact program you want. Have you filled out the FAFSA form or tried for scholarships? If you have not, both can help minimalize the cost for attending NYU. I will list some free options for finding money for college.

First, the college's financial aid office and website has a list of private scholarships offered from outside organizations and companies. Sometimes a college major's website will list scholarships, too.

Second, the public library has a book listing scholarships with some not even listed on the web.

Third, the high school guidance office has a list of local scholarships and state scholarships & grants.

Fourth, a campus work study job can help with money needed during the school year. The program is funded by the federal government. It will be a job on campus and most times can work to your availability schedule. There should be a box on the FAFSA form for it.

Finally, I recommend joining several free membership scholarship search websites. There are scholarships for a variety of things including ethnicity, clubs, hobbies, and even wearing duct tape to the high school prom. Most are updated on a regular basis. Most offer a customized search based on information entered onto a form on the website.

Good luck!

Answer 2

How much this costs you depends on which state you are in and where you live (with your parents, in a dorm, etc.), but yes, even if you have to take out loans, definitely it is worth it to do whatever you have to do to go to college ($30,000 seems a bit low, though). File a FAFSA form when you apply and hope that you will get some other forms of financial aid, so that you can take out fewer loans. If your family is low income, you may be eligible for grants, and you may be able to get things like work-study funds as well. You can work over the summers and make some of the money that way yourself, which would reduce the amount of loans. Pharmacy school is at most 4 years beyond the bachelors degree, not 6.

Answer 3

Only you can decide. Your diploma will say the same, if you attend 2 years of community college first, at a remarkably lower cost, and then graduate from NYU.

If you have clearly defined goals, that will provide you with an income to pay that much debt off in a timely manner, then perhaps it's not a bad idea.

But if you don't know what you want to be, or are planning a career that will net you less than $50,000 a year right out of college, you are going to be in serious financial trouble with $100,000 in debt.

Talk to financial aid at NYU and confirm that $25,000 is really your bottom line for your first year. Then talk to someone in career planning that can help you decide what income you can expect in four years.

Good luck!

Answer 4

NO. Do 2 years at a community college then transfer to NYU. You will save $40k and still get your degree from NYU.

Answer 5

Yeah, if you do really well your first year you will be eligible for scholarships. And look around and apply to as many scholarships as possible and that 100K loan amount will go down.

Answer 6

If you feel as though you could suceed there, then yes. College is an investment, you have to look at your stock (yourself) and see how risky of a place to put it in.

Answer 7

noooo... you can buy a farrari with that. older models. go to city colleges and get 20 degrees. if your passionate about a career and well career driven in that subject, you will be the top student and jobs will find you.

Answer 8

Well most colleges are around $20,000 a year. So it probably is worth it.

Answer 9

Yes.

Answer 10

what are your other options?