NYU is a great school for graduate/professional school (Stern, Tisch, Steinhardt and Silver/Social Work are highly regarded). For undergraduate: it's super pricey, not at all the traditional college experience, and you really have to find your fit there. I didn't hate it, but for what I studied (not arts/sciences/business/arts) I couldve saved a lot of cash and maybe had more fun. Also, NYU is not a school of pride. Alum aren't going to stop you on the street if you're wearing a tshirt or cap. I associated in a lot of different circles, and I don't know anyone who shows "pride." Perhaps bc there's no sports to build morale around? No one I know is donating to an alumni fund, goes back to visit campus, or anything. The only time the NYU name helps me is, incidentially enough, working in student affairs and playing the "who do you know" game.
Don't get me wrong, NYU is fun, and I had good times. But some of the times are sh*tty. It's pricey. It's a school for the monied. I wasn't/still am not. For me, because I've already experienced the large, urban private university with an open campus, outside of Penn (which is similar in that respect) I'm open to something different. At least I say I am.