Expensive dream school or affordable public?

<p>Hi, recently (and amazingly) I was accepted to NYU Stern, a school that I would absolutely love to attend. The thing is I was also accepted to the University of Toronto with an $8000 scholarship for the first year and continued scholarship depending on my performance per year. That means by going to the UofT, I would be saving around 200k over 4 years of university. </p>

<p>My family is fairly well-off and my parents are willing to finance my education if I want to go to NYU, but it will still definitely strain their finance. They want to give me the best education possible, but I'm just wondering if NYU Stern is really worth the extra 200k on UofT. Will the extra future income be worth it in the future?</p>

<p>I don't think NYU is worth it. When you finish college and return to Canada, Toronto would probably look better on your resume. NYU, for kids who can pay, is not as selective as many think.</p>

<p>Money aside, I'm not even sure that NYU is better than Toronto. </p>

<p>Why did you prefer it?</p>

<p>^ Agreed. Take your savings and enjoy your condo/house down payment or grad school. UofT is sweet.</p>

<p>Thanks for the feedback... I'd always thought NYU was always ranked really high for business, and especially for finance? Is University of Toronto Scarborough 's Management with specialized economics program very good? People at school seem to think that it isan above average school, while Stern is top tier for business.</p>

<p>If you're planning to work on Wall Street and Goldman etc. come back from their current problems by the time you graduate, the money you're talking about may be less than your annual bonus, a few years down the road. Your mileage may vary and there are no guarantees.</p>

<p>The money saved could pay for your MBA or other grad degree.</p>

<p>I think spending an additional $200,000 is too big a gamble in those uncertain times. Stern is no Harvard or Wharton and Toronto is not exactly chopped liver either. I would recommend Toronto.</p>

<p>Toronto is an internationally renowned university, we are not talking SUNY-Geneseo here. I would RUN to Toronto and never look back and I agree, overall (Stern excluded) I would say Toronto is the better university.</p>

<p>I agree that Toronto is overall a better university, but Stern is one of the world's best business schools, and is ranked just behind Wharton in finance by USNWR. Also, the Manhattan location means that internships will literally just be a subway ride away. </p>

<p>I think Stern is worth it if your parents can pay for it, but then again, it is a huge and risky investment.</p>

<p>There's also no guarantee he can stay and work in the US.</p>

<p>Are we talking UofT St. George or one of the satellite campuses? If the latter, you might want to transfer to main campus at some point.</p>

<p>Either way, the 200k sounds excessive and unnecessary.</p>

<p>No, don't go to NYU. It is definitely not worth it. Save your money, visit NYC in style, and you'll still come out better. University of Toronto is a great school with a great rep in a great city.</p>

<p>I'm enrolled at the University of Toronto Scarborough campus in the management economics co-op course. </p>

<p>I think if I do go to Toronto I will probably try to transfer in my second or third year to an American school with better financial aid such as Amherst or Yale.</p>

<p>Expensive dream public</p>

<p>^^ I'm hesitant to recommend going somewhere with the intention of transferring. UofT is very reputable.</p>

<p>I do think that the main campus has a better reputation, so that might be an option to look into.</p>

<p>I would suggest Toronto, 200k more could be tragedy.</p>

<p>I remember being told that if you live abroad and owe student debt you do not have to re-pay. Is this true?</p>

<p>A reason why I'm not a big fan of Toronto is that it seems to have a very pre-professional curriculum (co-op) and very large class sizes. I really think I'm better suited to a more liberal oriented education, and would definitely prefer a smaller school with more personal student-prof interaction. Still, I definitely wouldn't say my preference is worth over 200k, but I'm just worried I wouldn't be happy at Toronto.</p>

<p>I think NYU Stern is being underrated here. It is one of the best business undergraduate schools in the world. According to USNWR it is #2 in america for finance, according to Business Week it's the overall 12th best undergraduate business school in america, and that ranking was only hurt because of the low student suvery ranking, which is highly subjective and accounts for 30% of the ranking placement. For Job Placement it is second to none and has one of the highest starting salaries at 59,800. </p>

<p>TC I'm Canadian too and I'm in a similar position as you, except in my case it's McGill and Stern. Right now I'm leaning towards Stern.</p>

<p>thanks to everyone who contributed so far, I'm still somewhat torn but I am definitely leaning towards toronto now. Any other feedback will still be much appreciated!</p>