Help me convince my parents!

happymomof1
Fri, 25 Feb 2011 16:37:50 +0000

Sit your parents down with the numbers. How are you going to come up with the money for NYU? How are you going to come up with the difference between the Cost of Attendance (COA) at Tulane, and the scholarship you have been offered there?

If your parents are sitting on a pile of cash and can pay for NYU without taking on any debt, then it may make sense for you to go to college there. However, if attending NYU means that they are going to end up with a bunch of debt, this makes no sense at all.

They can tell all the cousins back in the Philippines that you got into NYU, but you got a “huge” scholarship to Tulane, so you decided to go there as a “huge” favor to them because it means that your education will be “so very much” less expensive.

Google “NYU college debt” and you will find plenty of horror stories. For more general fun (?) reading on the topic see [Project on Student Debt: Voices](http://projectonstudentdebt.org/voices_list.php)