<p>avocadolover, you cannot afford NYU. Full stop, look at your cheaper options now.</p>
<p>If your parents are denied a PLUS loan, you can borrow more Staffords - but you would be terribly ill-advised to do so. You have no concept of the amount of debt you’re talking about taking on - nearly $80,000 for a four-year degree. Have you looked at an interest calculator or a loan repayment estimator? Your payments would likely be around $1,000 a month for the next 10 years. That is debt that can never be cancelled, will follow you forever and weigh your life down for a decade or more.</p>
<p>Think about it this way: if you got a job making $50,000 per year right out of college, about 1/3 of your after-tax income would go toward paying loans. Forget a nice car or fancy house - you’ll be paying for college.</p>