What to do...

milkandsugar
Sat, 16 Apr 2011 00:33:04 +0000

If you are willing to pay 30000 per year for NYU, and they give your son 10000 that is 40000 towards a great education. He would be entitled to up to 5500sub/unsub stafford loan, also NYU was giving out Perkins Loans for 2400. I don’t know if they still do, but if they did that is another 7900 towards cost. The total would be 47900. can your son work summers and to earn the next 3000 or so to help close the gap?
I know as a parent, we want our kids to go where they seem to fit, but you have to weigh that with what you are willing to pay and sacrifice. We made the decision to send D to NYU and we are paying 30000 per year, and the rest is scholarship, stafford loans, Perkins, works a WS job and we supplement all year long for books, supplies, food, etc.
She was accepted to U of Del, Boston University, Johns Hopkins and they offered a lot more money, but she wanted NYU. So she is still there and loving every minute of it. Finishing up her Junior year.