Son can't make decision about NYU Tisch, New School, UT Austin

bfahopeful
Thu, 20 Apr 2017 03:26:38 +0000

Agree with @bissou that he can only take out a small amount in his name each year through the government. The rest would be private loans with a cosigner or a parent loan in your name. Some schools offer loans through the university too. Not sure how that works.
It is a huge burden to graduate with that much debt ($160,000). It is not that NYU or new school aren’t worth it. They are both great programs. And a $30,000 a year package is pretty darn good! But having an option to go for less would allow a lot more flexibility and freedom later in life. Austin is a great arts town to go to school in.

Good luck. It is a very hard and personal decision.