NYU-- is it worth the money?

[SLP1990]

What are your thoughts on this? I don't think I will receive any funding, and as much as I love the idea of living in NYC, it may be more reasonable for me to stay in-state.

[mystiqueSLP]

I have the same question but I'll be commuting from home so the cost won't be too bad for me. Is it really worth it?

[clydeyo12]

From what I've heard, the big advantage in going to a NY school is that you will graduate with a NY certification which is otherwise hard to get. Most people I've spoken to who are already in the field have told me that it doesn't really matter in the long run where you graduate from, as long as it's ASHA accredited (unless you plan on going into academia/research). 

 

Unless I don't get into any of the other 7 schools I applied to, I will likely be facing a similar dilemma (although I live in New Jersey and can commute). When I first got the decision, I thought how could I not go to NYU?! Now that it's set in a little bit and I've had some time to process it, I'm starting to lean towards somewhere cheaper and more local. I haven't heard great things about NYU's program, so why should I pay nearly double the tuition? Just to say I went to NYU? I may be vain, but I'm not that vain =p

 

Still though, these decisions aren't easy!

[speech310]

Is nyu really 68k a year?? Just got my financial aid package and that's what it totals to if I do all scholarships/loans. That's crazy!

[clydeyo12]

speech310, how'd you access your financial aid package? did they finally post it on your albert account?

[rcacemek]

Is nyu really 68k a year?? Just got my financial aid package and that's what it totals to if I do all scholarships/loans. That's crazy!

I thought I was reading it wrong when I saw that, or that at least it was the total for both years! My lord. I thought Columbia was insane at "only" $50,000.  

 

@clyde I got an email saying that the info was accessible on Albert. 

[clydeyo12]

did you get the email today?? sorry for being so nosy, i've been checking my account daily!

[SLPjmar]

I think it is really a personal preference. If you feel like NYU is your dream school, then you should go for it!! I lived in New York my whole life, and I can tell you that the cost of living (rent, groceries, utilities, tax) is really, really high. But there are always different ways to make it work.

 

In my personal opinion, if a school is accredited and has a solid program, I don't think it matters where you go in the end (unless you want to go into research, of course). If you feel more comfortable staying in-state and low on debt, I don't think you will be at a disadvantage. Good luck with your decision making.

[SLP1990]

Is nyu really 68k a year?? Just got my financial aid package and that's what it totals to if I do all scholarships/loans. That's crazy!

I got the same thing! That just made my choice a LOT easier... between that and the cost of living in NYC, I will be broke for the rest of my life :/

[SLP1990]

I think it is really a personal preference. If you feel like NYU is your dream school, then you should go for it!! I lived in New York my whole life, and I can tell you that the cost of living (rent, groceries, utilities, tax) is really, really high. But there are always different ways to make it work.

 

In my personal opinion, if a school is accredited and has a solid program, I don't think it matters where you go in the end (unless you want to go into research, of course). If you feel more comfortable staying in-state and low on debt, I don't think you will be at a disadvantage. Good luck with your decision making.

Thank you for always being so encouraging and kind to everyone in regards to this process. I feel that you have some good karma headed your way very soon

[slp1485]

When I calculated the NYU tuition, it seemed lower ($75K total). But I may need to recalculate. This $68,000 figure (I have the same amount, as well) may include money for living expenses - I think grad school loans factor that in.

Edited March 26, 2013 by slp1485

[mystiqueSLP]

I just got my financial aid package and it's basically all loans and 3k for work/study, totaling to 68k. The tuition should be lower by my calculations though, since it really determines on how many credits/points you'll be taking. I have a feeling that this is the maximum amount for Steinhardt graduate students taking 15 credits/points per semester.

[clydeyo12]

yea that 68k number has to factor in living arrangements, other expenses, etc. beyond tuition. which is still crazy but living in the city is expensive!

[mystiqueSLP]

I'm commuting and I roughly calculated that it should be around 45k for me

[ald360]

I was also confused about this - called NYU Financial Aid today and the guy told me that the 68,000 & change does factor in $ for books, living/commuting/expenses etc. You can request as much of the loans they offered as you want.. if you take out more than the cost of the tuition alone, you will be sent a refund check and can use that money to pay for the train, rent, or whatever else you may need. Hope that helps!!!

[SLP1990]

I was also confused about this - called NYU Financial Aid today and the guy told me that the 68,000 & change does factor in $ for books, living/commuting/expenses etc. You can request as much of the loans they offered as you want.. if you take out more than the cost of the tuition alone, you will be sent a refund check and can use that money to pay for the train, rent, or whatever else you may need. Hope that helps!!!

Thank you so much for calling and letting us know! That does make a lot more sense/makes me feel better. I appreciate it!

[mystiqueSLP]

I was also confused about this - called NYU Financial Aid today and the guy told me that the 68,000 & change does factor in $ for books, living/commuting/expenses etc. You can request as much of the loans they offered as you want.. if you take out more than the cost of the tuition alone, you will be sent a refund check and can use that money to pay for the train, rent, or whatever else you may need. Hope that helps!!!

 

Is the refund check the same as the loan where you have to pay it back eventually too?

[ald360]

Is the refund check the same as the loan where you have to pay it back eventually too?

i think it's like for example if the semester costs you 30,000 and you request 35,000 in loans, the 30k will automatically go towards your tuition and then that last 5k comes to you as a regular check you can use the money however you would need, but you will be responsible for paying back the 35,000 (plus the interest) later on

[mystiqueSLP]

Ah...you're able to request just a certain amount of the loans from NYU, right? Like if you need only 30k for the semester and want to take out only that amount without any refund check?

[slp1485]

Thanks for the info! Did the Financial Aid give any indication on the exact cost of this program?

[ald360]

Thanks for the info! Did the Financial Aid give any indication on the exact cost of this program?

Ah...you're able to request just a certain amount of the loans from NYU, right? Like if you need only 30k for the semester and want to take out only that amount without any refund check?

Yes, I think what they sent on the financial aid summary is like the maximum amount of loans that you could possibly get

[ald360]

Thanks for the info! Did the Financial Aid give any indication on the exact cost of this program?

No problem! They did not, I do know right now though that the graduate tuition is approx. $1300/credit at NYU Steinhardt

[puertosurf]

Guys, I calculated my budget independently and also came up with 68K per year (includes year long tuition, housing, food, etc). I figured out that the only way I can afford these loans is through the government Pay as You Earn 20 year loan repayment/forgiveness program, or potentially the 10 year Public Service Loan Forgiveness program. I feel a lot less stressed now, hopefully this will help someone else!

[slp1485]

I spoke to someone who said the program is 53 credits total (if you already have the pre-reqs). I'm guessing with yearly increases (and since it's like $1367/credit), it will average to about $1400/credit. That's about $74,200.

 

That's actually less than Northwestern, and comparable to another state school I'm looking at.