<p>unfortunately, yes. In order for you to attend NYU and pay the $60,000 dollars required that is the amount (in loans) you would have to take out. believe it or not the amount of money they have given you is a very generous grant package for NYU. In general, most college graduates are in debt when they graduate and a lot of the loans you have been offered don’t even gain interest till after your 4 years so if you don’t feel like going into massive amounts of debt then NYU isnt the right fit for you. But…sometimes you have to weigh the value of the education against the loans you will need to take out and decide from there</p>