FinAid Appeals Part Deux

Ph0enix
Fri, 07 Apr 2006 18:07:23 +0000

PLEASE don’t go to NYU if you’re not in a good position to pay off the debt. Chances are that you will not have a high paying job unless you go to med/business/law school, and those schools cost more money.

I mean if you take out 150k loans while you’re at NYU, and then take out another 200k when you’re at med school, you would probably have over half a million debt by the time you start practicing medicine(assuming you only do 3 years of residency; some doctors do up to 12). Even if you had a 150k/year starting salary, interest alone would kill you. It’s possible to pay it off, but why would you want to give half of your earnings to debt repayment for the rest of your life?