How much are you paying at NYU, all in?

[Anonymous]

No, you cannot. NYU is *fantastically* expensive and offers a wide range of majors which are fun, but cannot come close to covering student loan payments. After graduation, your daughter gets stuck in New York, because ew, why go back to the sticks? You will be subsidizing her apartment for the next ten years while she waits for her underwater basket weaving career to take off.

[Anonymous]

Outrageously overrated for undergrad.

[Anonymous]

Not 100% sure. It’s at Tisch, but not a portfolio or audition-based scholarship. Regular Tisch scholarship. Strong essay I think, but lots of kids have that. Urban public HS. High ACT. Focused on one extra curricular during elementary and HS and did one summer program in that that required a portfolio, but it was not that selective. Worked other summers in HS. Has a unique life experience that might show some resilience, but no disadvantages. Also won two small local scholarships that were competitive, but they didn’t know that when she was admitted and awarded the NYU scholarship. I know she is really fortunate to have gotten this opportunity. I don’t think it is completely rare. She knows a few other kids who got $20k to $30k/ year. But she also knows many who got nothing or a token like $2k.

[Anonymous]

We had a similar experience to the parent of the Tisch student. My kid graduated a couple of years back and had full tuition scholarship at NYU. I paid room and board. NYU can be generous when it’s someone they really want. Back in the day, my sibling was offered a very generous presidential scholarship but turned it down for an Ivy. In my kids’ case, they were a music major. But they also had a good friend who had a lot of need and dropped out of NYU because they couldn’t afford it. My impression is if they give you a good offer from the beginning, they will continue to be generous - but if you can barely afford it freshman year, it is not likely to get better.

[Anonymous]

Oh one other thing: NYU only uses the CSS freshman year. After that, it only asks for the Fafsa. (Check this but that was how it worked a few years ago.) Also, I know a kid who turned 24 senior year and they did not have to submit their parents’ info. These two things are quite different from many private schools with similar ranking.

[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.

My kid goes to school in NYC but not at NYU. She has several friends at NYU, though, and just like at her university, there's housing for summer programs. Also, many of the big names who do lots of summer internship recruitment to NY universities also "rent" the dorms/suites for their interns to live in during the summer.

My kid had an internship last summer where she lived in a dorm at NYU. It wasn't free, but it was at a reduced rate and SO much cheaper than anything we could find on our own.

[Anonymous]

Great school but one with a lot of wealthy students. I always thought that the social aspect at NYU would be costly to maintain and if more middle class kids just can't keep up financially.

[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.

This just isn't the norm at all.

[Anonymous]

Anonymous wrote:No, you cannot. NYU is *fantastically* expensive and offers a wide range of majors which are fun, but cannot come close to covering student loan payments. After graduation, your daughter gets stuck in New York, because ew, why go back to the sticks? You will be subsidizing her apartment for the next ten years while she waits for her underwater basket weaving career to take off.

This. 400k for gender studies or some such nonsense.

[Anonymous]

Anonymous wrote:

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.

This just isn't the norm at all.

THIS. Most people from DMV won’t get merit aid or financial aid. We sure didn’t. Tisch is $88k a year on NYU’s net price calculator for on campus (there isn’t much of a campus lol) but we found the expenses of living in NYU to be much greater than the NPC predicted. And now we have runaway inflation

[Anonymous]

Anonymous wrote:

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...

I don’t think she’s asking about how financial aid works. NYU’s tuition/room/board is in line with many other privates, but I always hear how expensive it is. I’ve always suspected that the cost of living in NYC impacted the real cost of attending, and prior posters have (mostly) validated that. Less than half the students live on campus. DD dreamed of attending, but I’ve told her our budget does not include a Manhattan apartment.

I think people need to know what it actually looks like, cost-wise, to attend.

[Anonymous]

OP here. This has been incredibly helpful, thank you.

[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.

Agree with all of this. Unless you have family who lives in NYC that can take in your child. Otherwise it’s not worth it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:No, you cannot. NYU is *fantastically* expensive and offers a wide range of majors which are fun, but cannot come close to covering student loan payments. After graduation, your daughter gets stuck in New York, because ew, why go back to the sticks? You will be subsidizing her apartment for the next ten years while she waits for her underwater basket weaving career to take off.

This. 400k for gender studies or some such nonsense.

This is same for any other more elite schools.

Imagine you are a middle class, so didn't get any aid, majoring in gender studies, theater, etc. at Princeton or Yale

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No, you cannot. NYU is *fantastically* expensive and offers a wide range of majors which are fun, but cannot come close to covering student loan payments. After graduation, your daughter gets stuck in New York, because ew, why go back to the sticks? You will be subsidizing her apartment for the next ten years while she waits for her underwater basket weaving career to take off.

This. 400k for gender studies or some such nonsense.

This is same for any other more elite schools.

Imagine you are a middle class, so didn't get any aid, majoring in gender studies, theater, etc. at Princeton or Yale

Middle class get aid at those top institutions. Mine did. I think the aid there is significantly better than nyu. They also have good job prospects in these fields. Mine is in theatre. Don't knock what you don't know!