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][quote=Anonymous][quote=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.[/quote]

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.[/quote]

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.[/quote]

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