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

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[quote=Anonymous]When I attended NYU in 2000-2004, one of the main advertisers in the student newspaper were fertility clinics soliciting females students to selling their eggs. Some things never change.

[quote][i]
[b]NYU parents and graduate students collectively borrowed $3.4 billion in federal Plus loans over the past decade, more than at any other university in the U.S., public or private,[/b] a Wall Street Journal analysis of federal Education Department data found.

Among the Journal’s findings:

-NYU skimped on scholarships for needy undergraduates. During the past school year, NYU covered about 62% of undergraduates’ financial need, on average. That was the lowest percentage of any private school with at least a $1 billion endowment that publishes the figures.

-As a result, parents of NYU undergraduates often relied on Plus loans to cover costs. Parents of 2018 and 2019 NYU bachelor’s degree recipients who took out Parent Plus loans borrowed a median $74,000, according to the most recent data. That’s more than at 99% of four-year colleges in the U.S. for which federal data are available.

-For NYU’s graduate students, the university’s advanced degrees often don’t pay off. In 40 out of 49 programs, NYU graduate students who took out federal loans borrowed more than they earned two years out of school. By that measure, NYU had more graduate programs with high debt loads than any other U.S. university with published data. The debt and earnings figures are medians for 2015 and 2016 graduates, the most recent data from the Education Department.

-Many NYU programs were the worst by that calculation. In 15 graduate programs—including music, international relations and education—NYU ranked highest among U.S. universities with published data in terms of debt loads compared with early-career earnings.[/i][/quote]

https://www.wsj.com/articles/nyu-college-graduate-parent-student-loans-11639618241[/quote]

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