NYU debt! Please Advise!

sybbie719
Wed, 16 Aug 2006 23:50:34 +0000

I feel your pain being as I am also a NYU student, but I will definitely not have 200k in debt when it is all over.

Hate to sound harsh but…



I guess you can say that I am VERY frustrated at both HER (and her parents) and NYU.



Why are you frustrated with her parents? They don’t have a dog in this fight or a nickel in this dime.

First of all you must understand by your girlfriend being 24 years old, she is considered an independent student. Her FA will be based on her income/assets and the school is not looking toward her parents to pay for her education.

Second, because she is 24 years old her parents are under no obligation to pay for her education.



I think she tried to get them, but I think she got discouraged when she could not find them easily. Plus, the financial aid office / people at NYU are bastards, and did not help her out at all.

I’m upset at NYU because they will basically RUIN her life (and possibly mine if we continue to be involved). NO UNIVERSITY should allow students to take on such debt! Or there should be laws that say, “We CANNOT ACCEPT YOU to our school unless you get X amount in scholarship on your own because you will BE BROKE!” I personally think that NYU should be sued.





I do not understand why you are blaming the school. At the end of the day we are talking about an adult who made a conscious decision to attend NYU. She knew how much NYU was or was not going to give her before she submitted her intent to enroll. She got her FA package and still CHOOSE to attend. No one put a gun to her head, it was HER DECISION. Maybe not the most financially feasible decision, but still it was her decision. Since you can not write off student loan debt it is going to be her debt to pay off for a long time to come.

Your decision is whether or not knowing all of this, you still want to stay around.

IF she did not get a scholarship from NYU coming in the door, it is highly unlikely that she will get one in subsequent years.

While she does risk losing credits she can tranfer to one of the CUNY schools possibly Hunter or Queens where she could pay for the whole term for almost the same amount of $ she is paying to attend NYU.

Has she considered getting a job and going to school part time. If she works for a major corporation she will have tuition remission that will help offset some of the cost of attending NYU (my job fully paid for my first masters at NYU and is paying $10,000/ yr toward my PhD. Between my tuition remission and the scholarship I got from NYU I pay very little out of pocket.