WSJ expose on NYU - highest debt load over the last decade, female students are selling their eggs

[Anonymous]

Massive fraud enabled by Obama loans -- he should pay them with his own money.

[Anonymous]

Cry me a river. It is common sense not to go to a school that you can't afford, especially if you are majoring in a field where a high salary (or any salary!) is unlikely. I have NO sympathy for any of these people.

[Anonymous]

Anonymous wrote:Cry me a river. It is common sense not to go to a school that you can't afford, especially if you are majoring in a field where a high salary (or any salary!) is unlikely. I have NO sympathy for any of these people.

I think the university purposely targets working class families with smart, but not brilliant, kids. I feel terrible for the mom who makes $40K per year and amassed 6 figures in Parent Plus loans. She clearly has a smart son, but she is in no position to ever repay those loans.

When I went to NYU I knew so many kids that fit the same profile.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Cry me a river. It is common sense not to go to a school that you can't afford, especially if you are majoring in a field where a high salary (or any salary!) is unlikely. I have NO sympathy for any of these people.

I think the university purposely targets working class families with smart, but not brilliant, kids. I feel terrible for the mom who makes $40K per year and amassed 6 figures in Parent Plus loans. She clearly has a smart son, but she is in no position to ever repay those loans.

When I went to NYU I knew so many kids that fit the same profile.

That's horrible. NYU does have the "bright lights, big city" allure. For folks who have never been to college, especially parents, there can be a sense that any college degree will transform their kids' lives, increase pay, etc. If you also do not know a lot of people with kids in college, especially residential/out of state, then you really do not have anyone to bounce around questions, ideas, etc.

When I was around 8 or 9, I asked my parents "what is college?" They politely explained, then told me, "we don't have any money for it." And that was true, they really didn't. But knowing that had me consider schools that were within a few hours by car from our home, didn't have Greek life (I knew I couldn't afford to be in a sorority), etc. I did incur loans, but not overly onerous when I left (well, onerous enough that when my now DH asked me why I didn't have more in savings, I explained that he gets to bank his paycheck after rent, etc, while I have rent and student loan payments every month).

I definitely trimmed my aspirations due to my budget, but it was a little less material then - no social media, computers, cell phones. In the mid-90s, I didn't have a cell phone because it was $10/month and I couldn't justify $120/year for something I already had at home.

[Anonymous]

Nyu is a cringe school

[Anonymous]

Anonymous wrote:

Anonymous wrote:Cry me a river. It is common sense not to go to a school that you can't afford, especially if you are majoring in a field where a high salary (or any salary!) is unlikely. I have NO sympathy for any of these people.

I think the university purposely targets working class families with smart, but not brilliant, kids. I feel terrible for the mom who makes $40K per year and amassed 6 figures in Parent Plus loans. She clearly has a smart son, but she is in no position to ever repay those loans.

When I went to NYU I knew so many kids that fit the same profile.

This it’s blowing my mind. Most people I know who went to NYU have immigrant parents. I never put 2+2 together before.

They are all quite accomplished luckily, but the loans are a huge drain.

[Anonymous]

Anonymous wrote:Master’s in public health at NYU with your own money LOL
It's mainly her fault. What the F was she thinking?

NYU is a little more expensive than others but it's not just NYU's problem.

It's shocking that people don't do thorough research and analysis deciding a major/school when investing $$$$$.
They would probably research more when buying a $100 pair of sneakers LOL

Oh yea I'm attending a prestigious school, by the way I'm majoring in communications, or drama,or psychology
After graduation, you make $30,000/yr with $150K debt in hand and whining and want Mr. Biden to pay off his/her debt.

This is a huge problem in the US.
Just don't use my tax money to pay for their dumbass debt.

+ 100 those loans for an mph? dumbass x 10.

[Anonymous]

Heard similar stories for UPenn School of Social Policy and Practice.
He majored in MS Social Work or Policy something like that.

After graduation, he cound't find a job and ranting about it.
He thought that the UPenn name brand magically would do something for him LOL

It is worse in the graduation school but same thing happens in undergraduate level.
A lot of people think that going to a high ranking name brand school would magically get them highly desirable 6 figure career, but it's far far from the truth.
Field of study and programs are much more important.

It's very surprising that people here talk about colleges extensively, but not about the actual programs, expected outcomes, and career plans etc.
People deserve to suffer.

[Anonymous]

Anonymous wrote:Go Lady Bird!

Also every state should have a debt relief program for teachers who teach at Title I schools.

Can we have back pay for that? Started in the DMV at about $29,000/year and carrying student loan debt. I also brought a liberal arts education background to teaching. Is the poster saying this is worthless content to have all teachers devoid of any content knowledge?

[Anonymous]

NYU should just be shut down.

[Anonymous]

I remember reading an article about how NYU deliberately revamped itself from a regional commuter state school catering to non-trad students into a prominent "elite" college through strategies like massively rising tuition (George Washington was the other example) because people associated more benefits with higher costs. NYU took advantage of the revitalization of NYC starting in the mid 1990s to transform itself. Even today most kids go to NYU to be in New York, not the university.

But NYU isn't alone in selling fancy degrees to hoodwinked applicants. Most of the elite colleges have master's programs that fall into this category, costing wildly beyond what post-graduate salaries will be.

[Anonymous]

Anonymous wrote:I remember reading an article about how NYU deliberately revamped itself from a regional commuter state school catering to non-trad students into a prominent "elite" college through strategies like massively rising tuition (George Washington was the other example) because people associated more benefits with higher costs. NYU took advantage of the revitalization of NYC starting in the mid 1990s to transform itself. Even today most kids go to NYU to be in New York, not the university.

But NYU isn't alone in selling fancy degrees to hoodwinked applicants. Most of the elite colleges have master's programs that fall into this category, costing wildly beyond what post-graduate salaries will be.

Not much different for the undergraduate schools.

[Anonymous]

Not sure why people are piling on NYU. WSJ has been running a series of stories on other schools / graduate programs with similar poor outcomes:

Columbia Film School: https://www.wsj.com/articles/financially-hobbled-for-life-the-elite-masters-degrees-that-dont-pay-off-11625752773?mod=Searchresults_pos9&page=2

Penn Dentist and Vet Schools: https://www.wsj.com/articles/some-professional-degrees-leave-students-with-high-debt-but-without-high-salaries-11638354602?mod=Searchresults_pos1&page=1

I understand that these students should spend more time understanding what they are getting themselves into, but these schools bear some blame.

Heck, it starts when kids are in HS and Harvard et al send cards to kids saying they could be "good candidates" for Harvard, when Harvard knows full well those kids are never getting in. They have every incentive to pad the number of applicants so they can then lower their acceptance rates.

[Anonymous]

It all starts in the undergraduate level.
They are taking that desperate measure because they couldn't get a job or making close to minimum wage with their college degrees probably in communications, drama, psychology, some liberal arts etc.