Is it worth it to go in 150k student loan for NYU communciation major?

I am very strongly in agreement with other answers. $150,000 in student loan debt for a communications major would be a disaster.

One big problem is that after graduation this much debt would be a huge burden that could hurt your future for years if not decades.

Another problem that might be even worse is that you could be very likely to get part way through your degree and then find that you cannot borrow enough money to finish the degree. You could end up with most of the debt but no degree.

I would not let either daughter take any debt for their bachelor’s degrees. One daughter was frustrated by this. Then four years later she graduated university with no debt and got a “dream job” that paid badly. They could pay badly because the job was otherwise that attractive. This dream job led to a second job, which led to a very good graduate program. She has more recently thanked me (at least twice) for not letting her take on any debt for her bachelor’s degree.

I would suggest that you similarly try very hard to avoid debt for a bachelor’s degree, and certainly do not take on $150,000 in debt.

5 Likes