Questions on NYU

artloversplus
Mon, 16 Aug 2010 10:24:28 +0000

ok i lied he told me he gets about 27000 per year and about 13000 in loans per year ? im not sure if that together is his yearly cost… … another question… are loans stupid to get?



so, he is paying around 30K/yr out of the pocket and in addition, is taking on a 13K/yr loan! Even if the loan is subsidized, he will have about 60k to repay one year after he graduate. That is about $800 per month regardless if he has a job or not. Had the loan is not subsidized, it is 8% interest rate and start repayment on day one.

NYU for all intensive purpose, costs around 60k+/year, giving the spending pattern in Manhattan. It has 6,000 wealthy jews attending, the largest concentration of jews in the USA other than Yashiva. They do not care what the cost is, they want be in Sterns.