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How much does NYU REALLY cost?

quag_mirequag_mire 814 replies37 threads Member
edited March 2011 in New York University
Hi...so NYU's website says that the annual cost for someone attending Stern will be about $52000. I havent applied for aid so I was wondering if current NYU students can tell me the hidden costs NYU kids incur that are NOT mentioned in the school's website? Do the costs go as far as $60000?? Thanks
edited March 2011
54 replies
Post edited by quag_mire on
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Replies to: How much does NYU REALLY cost?

  • Bubbly088Bubbly088 191 replies37 threads Junior Member
    no..the cost for NYU is around 50,000 with everything included...personal costs would obviously cost most...so yep, NYU is definitely NOT a cheap school!
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  • HalieHalie 535 replies40 threads Member
    ^& NYC is NOT a cheap city, either.
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  • Bubbly088Bubbly088 191 replies37 threads Junior Member
    amen to that! but it's still an amazing city!!!
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  • kezbieskezbies 92 replies5 threads Junior Member
    ^ 8.5% sales tax, gotta love it! ugh, and everything has tourist tax too... god damn tourists, so obnoxious!
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  • Bubbly088Bubbly088 191 replies37 threads Junior Member
    oh, ok..so it's 8.5% sales tax? I heard that it was 17% sales tax...
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  • quag_mirequag_mire 814 replies37 threads Member
    Tuition and fees
    (two semesters full-time) $36,516
    Room and board $11,780
    Books and supplies $700
    Personal expenses $1,000
    Total budget $49,996

    This is what the wesbite says, but I find it hard to belive that personal expenses are just $1000...im sure they exceed atleast $5000...so how much does it REALLY cost in the end of the year?
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  • JJim1919JJim1919 36 replies1 threads Junior Member
    Dont forget about textbooks either. You could easily spend 1k a year on textbooks. Then add in all the personal expenses....
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  • quag_mirequag_mire 814 replies37 threads Member
    i need feedback from CURRENT NYU students? if you had'nt asked for aid, how much do you think your annual costs would be? close to $60k?
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  • wing2871xwing2871x 267 replies18 threads Junior Member
    upwards of 55k for the cost per year.
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  • quag_mirequag_mire 814 replies37 threads Member
    wing, so I'm assuming its the personal expenses that result in the additional 5k not mentioned on the website correct? if I live frugally, is it possible to limit expenditures to somewhere about 51-52k? like im ready to skip meals and just have lunch and dinner every day lol....i can forgo breakfast and other snacks
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  • futurenyustudentfuturenyustudent 5303 replies63 threads Senior Member
    Stern kids pay about 10% more than CAS and everyone else. As for living expense, shoot for $100 a week, and even that's going to be a little tight. NYC is an expensive place to live. Go to a movie and dinner and you're looking at spending a good $25.

    I to go NYU. CAS Econ major, law and society minor. I usually spend about $400-$600 a month on incidentals. I spent $600 on books this semester. I spent $350 on books last semester. Plane tickets back and forth (~$400 per round trip, cross country), and you're looking at $6k-$8k in incidentals and books. If you're in a technical major like engineering or something, 1.5x the cost of books. We paid $49k total. Plus about $7k incidentals, $56k.

    As far as meals go, I find that I skip lunch more than I skip breakfast. Usually, I'll have a pretty nice breakfast, then skip lunch and then have a nice dinner. Or I'll have breakfast and then have "lunch" at like 4 in the afternoon. In that case, I end up getting food at like 1AM.

    17%? That's absurd. That's the sales tax rate in, like, Montreal. GST+PST was 15% last time I was there. It's 8.5% here.
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  • quag_mirequag_mire 814 replies37 threads Member
    what if I buy the books secondhand from some of those online bookstores, such as amazon etc? Then would I save significantly on books if they're all second hand? and if you spend $100 a week, can you give me examples of what require that much spending? cuz room and board take care of food, so additional expenditure on food should be pretty less right?
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  • kezbieskezbies 92 replies5 threads Junior Member
    futurenyustudent, thank you! i knew it was 8.5%, haha, i only live in NYC as a second home and all.
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  • futurenyustudentfuturenyustudent 5303 replies63 threads Senior Member
    Every time you go out for food, it's about $15. An occasional move will run you a good $12 (plus the obligatory popcorn/candy/chocolate/nachos/hot dog and soda, which is $10-$20, depending on what you get). When it's cold, and you have someplace to go, you'll find yourself taking a cab. Those run you a good $6-7 including tips for shorter distances, $15+ for longer distances, but I only take short distances. If you go anywhere that requires a subway ride, it's $4 roundtrip. The only reason I know how much I spend is because I put literally EVERYTHING on my Amex.

    If you go out for food or order in about twice a week, that's $30, tax and tip included. I spend $4 a week on laundry. There's those incidentals, you go out and buy gum or a coke or something. That's $1-$2 each. Trust me, this will happen A LOT. I'd say an average of about $10 on untrackable incidentals. Then there's the occasional shopping trip, movie, play, club, whatever, and you'll find your expenses adding up to $100 a week VERY QUICKLY. I eat out an average of 4 times a week, but I don't have a kitchen.

    And if you're like my roommate who goes home every month or so, that's $400 a month on plane tickets.

    Of course, if you buy books at secondhand stores or online, sure, you'll save a bunch. But this semester, my book list wasn't finalized until the second day of classes, and by then it was too late. I went to the bookstore and bought $350 worth of books. My wallet actually hurt when I handed the cashier my Amex. Then I spent another $100 on another book that didn't come out until later. Then another $75 on an online course thingy for econ (the bookstore wanted $210). And I also spent about $85 on books that came out on the list before the end of last semester. So all told, about $610.

    You might be able to save some money buying books at Barnes & Noble and paying $25 for their book club thing, and get a 10% discount on everything you buy, and still save a good bit, but it's inevitable.
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  • CollectivSynergyCollectivSynergy 980 replies2 threads Member
    Like I've said elsewhere, if you don't really drink, you can survive on $60 a week (without a mealplan). Of course, that's assuming little (paid) entertainment. But there's plenty of things to do for free. I have to admit I've loosened a bit spending-wise so I'm more around 100/week, but keep in mind 80 or so is for food. Not too bad when that's 14 meals a week (rarely eat breakfast). Just know where the good, cheap dives are. And alternate them with some healthy places to eat.

    Get some S-video and composite to RCA cables and you can watch movies from your laptop on TV. Huge savings right there if you're into movies. Then there's miscellaneous expenses like a mousepad, or a lightbulb, ice cream, crap like that.
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  • futurenyustudentfuturenyustudent 5303 replies63 threads Senior Member
    A good tip re: money, put EVERYTHING you can on ONE credit card. If you pay it off right away, you'll get rewards and stuff for spending, and the accounting is done for you already. It's much easier to track where the hell all your money goes when you put it on a credit card. It also builds credit history, which is oh-so-important when you graduate.

    If you have impulse control problems, use a debit card, but with a bank that will decline your transaction instead of overdrafting and charging some absurd fee for it. I know Citibank rejects instead of overdrafting. It won't get you into spiraling credit card debt, and you can still track your spending.

    I say this because if everything you spend is recorded, then you can see where you're perhaps being too wasteful and adjust accordingly. Not only is it a good skill to have, but it will save you money in the short and long run.
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  • youkosirenyoukosiren 578 replies2 threads Member
    Hey, but no sales tax on clothes!

    Seriously, I didn't find living expenses too bad at NYU - I usually kept meals around $5-10 (takeout), mixed up with a couple of homecooked meals, occasional hanging out with friends and stuff, and I managed to get by on something like $200-300 a month when I was an underclassman. After I got a part-time job, I don't think I ever had to pinch pennies or anything like that. That said, I also didn't party regularly and I walked/took the subway everywhere.

    But honestly, you can make $10/hr at the computer lab sitting on your butt and doing homework, so it's not like it's difficult to cover your living expenses.
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  • kezbieskezbies 92 replies5 threads Junior Member
    breakfast is really cheap in NYC. honestly, it just takes living there and educating yourself about the city. use public transportation, learn where the cheap spots are in town, make connections to receive discounts... it definitely takes an effort, but it is totally possible to manage your money.

    and there might not be sales tax on clothes, but it is made up in something else i.e. tourism tax etc. and clothes are pretty pricey retail as it is there.
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  • raymzizuraymzizu 37 replies1 threads Junior Member
    haircuts are a privilege!

    lol

    thank god i'll get it free at bumble.. lol
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  • JJim1919JJim1919 36 replies1 threads Junior Member
    Food is the biggest expense. The NYU meal plans are not cheap, and NYC food is very expensive. Its not that difficult to blow $75-$100 a week on food if youre not on a mealplan.
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