How much are you paying at NYU, all in?

[Anonymous]

My kid wants to go to NYU. I realize the chances of getting in are slim, but I want to know if we can even afford it so I can direct the conversation accordingly. If your kid is at NYU, how much are you paying every year in tuition, housing, meals, pocket money, text books -- all of that combined? And is your kid able to work to contribute? (My daughter works now, in high school, though I'm not sure what the job scene in NY is for a college student.)

[Anonymous]

Need-based aid is based on the individual family circumstances, so what everyone else pays is not relevant to what you might pay.

With the caveat that NYU has a reputation for being stingy with aid and for having a less accurate Net Price Calculator, there is really no substitute for you using the Net Price Calculator yourself. https://npc.collegeboard.org/app/nyu

You can find "average" financial aid in NYU's Common Data Set, but again, "average" is irrelevant to the individual.

[Anonymous]

Every college has a Net Price Calculator. Use them and compare estimates.

[Anonymous]

But there is almost no merit aid - my kid got merit aid at similarly situated schools and none at NYU so he went elsewhere.

[Anonymous]

My kid wants to go to nyu. I haven’t crunched any numbers but I would expect to pay roughly 100k. NYC is expensive.

[Anonymous]

don't do it! The housing costs are obscene. Then your kid will want to stay in NYC for a summer program or internship and you now have more housing costs. Then there is food and drink. Ubers to airport. Ubers to get around town. Parents who have done this have really regretted it.

[Anonymous]

Anonymous wrote:don't do it! The housing costs are obscene. Then your kid will want to stay in NYC for a summer program or internship and you now have more housing costs. Then there is food and drink. Ubers to airport. Ubers to get around town. Parents who have done this have really regretted it.

Internships often pay for housing.

Not sure about NYU, but at a nearby university, a meal plan covered dining and drink.

To and from airport is usually by subway, approximately $10-15 to JFK and Newark; $3, La Guardia. There were times when we resorted to Uber for safety reasons.

[Anonymous]

I would budget 400k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:don't do it! The housing costs are obscene. Then your kid will want to stay in NYC for a summer program or internship and you now have more housing costs. Then there is food and drink. Ubers to airport. Ubers to get around town. Parents who have done this have really regretted it.

Internships often pay for housing.

Not sure about NYU, but at a nearby university, a meal plan covered dining and drink.

To and from airport is usually by subway, approximately $10-15 to JFK and Newark; $3, La Guardia. There were times when we resorted to Uber for safety reasons. [/quo


All false in my best friend’s experiences. She had to pony up for expensive Village sublets for the summers. Food is expensive. Moving around is expensive. Attending anything is expensive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:don't do it! The housing costs are obscene. Then your kid will want to stay in NYC for a summer program or internship and you now have more housing costs. Then there is food and drink. Ubers to airport. Ubers to get around town. Parents who have done this have really regretted it.

Internships often pay for housing.

Not sure about NYU, but at a nearby university, a meal plan covered dining and drink.

To and from airport is usually by subway, approximately $10-15 to JFK and Newark; $3, La Guardia. There were times when we resorted to Uber for safety reasons.

There is no subway to
LaGuardia. For JFK you have to get off and then switch to Uber or bus. For Newark you have to go to
Penn station before you can get on the subway and even that costs money. And FWIW what parent would want their kid in the subways in NYC now?

[Anonymous]

NYU gives all in expenses at 84-88k (Tisch at the upper end) but tge undisclosed expenses if living in Manhattan are obscene, all the more so if you move out of a dorm, so easily $100k a year

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:don't do it! The housing costs are obscene. Then your kid will want to stay in NYC for a summer program or internship and you now have more housing costs. Then there is food and drink. Ubers to airport. Ubers to get around town. Parents who have done this have really regretted it.

Internships often pay for housing.

Not sure about NYU, but at a nearby university, a meal plan covered dining and drink.

To and from airport is usually by subway, approximately $10-15 to JFK and Newark; $3, La Guardia. There were times when we resorted to Uber for safety reasons.

There is no subway to
LaGuardia. For JFK you have to get off and then switch to Uber or bus. For Newark you have to go to
Penn station before you can get on the subway and even that costs money. And FWIW what parent would want their kid in the subways in NYC now?

From LaGuardia, take a free shuttle bus to subway. Subway to Manhattan.
Quoted prices are correct as of June 2022.

[Anonymous]

Anonymous wrote:Every college has a Net Price Calculator. Use them and compare estimates.

this. I can't believe this needs to be said, but every family has a different financial situation so what one family pays may be vastly different than another. Going straight to the source (aka NYU NPC) is going to tell you more information about what you'd pay than random people on the Internet who may or may not have anything in common with you from a financial consideration...

[Anonymous]

I don’t have an exact figure because it was not normal times, but can give you an estimate. Everyone says NYU is stingy, but it hasn’t been our experience. My DD has a scholarship that is 38k per year, but she also received half cost off of any summer or J term classes. She lived in dorm for first 3 years until interrupted by pandemic in spring 2020. They refunded tuition for rest of that semester. She took advantage of an additional one time scholarship offered to all students for reduced load during remote courses and that was on top of her normal scholarship. Then she got very sick in 4th year and had to take time off and they held her scholarship open for her and gave it for 5th year. When she went back last summer before rental prices went up, she snagged a very inexpensive studio on one of NYU shuttle bus lines. She used the shuttle almost exclusively vs Lyft, etc. She worked every year and covered most of her regular expenses not covered in in dorm or meal plan. When in her apartment, I paid rent and groceries, but not eating out or other costs. Apartment was equivalent to dorm cost.

The most expensive year was $48,000 and three of years were more like $38,000. But she has an extra semester at about $20,00. So all in cost was about $200,000 in tuition, room, board and basics. She had to be pretty frugal, but loved her time there with friends, being in NYC and had great adventures. I was reluctant to let her apply because of NYU’s reputation for scholarships, but she ended up getting more scholarship $s from NYU than other schools except one that was not as good a fit and much lower ranked in her major. There have been some really great professors, administrators and advisors along the way and some just fair. The whole experience, especially the ability to do in person internships, was marred by pandemic, so it is hard to say whether or not it was worth it from a financial standpoint. Guess the next couple of years will tell in the job market.

[Anonymous]

Anonymous wrote:I don’t have an exact figure because it was not normal times, but can give you an estimate. Everyone says NYU is stingy, but it hasn’t been our experience. My DD has a scholarship that is 38k per year, but she also received half cost off of any summer or J term classes. She lived in dorm for first 3 years until interrupted by pandemic in spring 2020. They refunded tuition for rest of that semester. She took advantage of an additional one time scholarship offered to all students for reduced load during remote courses and that was on top of her normal scholarship. Then she got very sick in 4th year and had to take time off and they held her scholarship open for her and gave it for 5th year. When she went back last summer before rental prices went up, she snagged a very inexpensive studio on one of NYU shuttle bus lines. She used the shuttle almost exclusively vs Lyft, etc. She worked every year and covered most of her regular expenses not covered in in dorm or meal plan. When in her apartment, I paid rent and groceries, but not eating out or other costs. Apartment was equivalent to dorm cost.

The most expensive year was $48,000 and three of years were more like $38,000. But she has an extra semester at about $20,00. So all in cost was about $200,000 in tuition, room, board and basics. She had to be pretty frugal, but loved her time there with friends, being in NYC and had great adventures. I was reluctant to let her apply because of NYU’s reputation for scholarships, but she ended up getting more scholarship $s from NYU than other schools except one that was not as good a fit and much lower ranked in her major. There have been some really great professors, administrators and advisors along the way and some just fair. The whole experience, especially the ability to do in person internships, was marred by pandemic, so it is hard to say whether or not it was worth it from a financial standpoint. Guess the next couple of years will tell in the job market.

Wow that sounds amazing. What was the basis for the scholarship?