<p>Taking student loans for $50,000 per year (just for tuition, let alone living expenses) is not a viable option. Your monthly payments would be at least $1,200 USD each month after graduating for the next 10 years. That’s at Stafford interest rates… international student loan interest rates are probably significantly higher, so your monthly payments would be higher. Student visas do not allow you to work off-campus, and New York is one of, if not the, single highest cost-of-living place in the United States.</p>
<p>Do you know someone here in America that will co-sign the loan? You won’t be able to get an student loan without a financially-stable U.S. citizen agreeing to pay the debt if you default, because the banks can’t chase your accounts back in Australia.</p>
<p>I have no idea what GPA that program looks for. But what I do know is that you should have a serious financial plan in place before you start spending a bunch of money applying to schools that you have no ability to pay for.</p>