Should I start this year or next year?

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SonOfBush

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Hello all,

I've been admitted to NYU and the school starts in less than 3 months and I'm debating myself whether to attend this year or next year. Here are my problems:

I haven't applied for financial aid yet. I've applied for an military scholarship but just have been told that there's no more scholarship available for this year. It's important for me to get a 4 year scholarship as the tuition at NYU is over $70,000 and I don't want to accrue any debt. I've had borrowed $30,000 to finance my college education and it took me almost 5 years to pay it back. It was only $30,000 but after paying taxes , food, car payments, mortgages, I realized it not easy to pay if off and it's hard for me imagine to borrow $70000 a year.

I haven't found a housing yet. Living off campus is cheaper ($1300) than the dorms ($1400) and you have to move out when the school is over in June and find another place to live in August so I prefer off campus housing. Also, the dorms are overpriced, small and dirty so I didn't even bother to apply for on-campus housing. I flew in to the city last week and I've been looking for a small condo or coop near campus. The best one I could find was a 300 sq ft co-op for $180,000!!! I thought I had the time and patience to look for housing in Manhattan but it's a rough process and the broker's fees are outrageous.

Should I attend this fall or should I start next year? Would I need to reapply or can my application be carried over to next year? Since I've been admitted this year, would the school automatically gaurantee my spot for next year? I'm in my thirties working for a company and I'm very positive that dentistry is the perfect profession for me. I don't have any desire to open up my own practice and only want to practice in the military. I also need to sell my car before moving to NYC and rent out the place I'm currently living in. It's going to be a huge hessle to move to NYC. Your advice would be greatly appreciated.
 
Hey SonOfBush,

If you applied this year and got a spot, you still need to re-apply next year unless nyu has a defer option where you can defer your admission for an year and then, if you get into nyu again, you can reapply for financial aid and *MAYBE* recieve more. I'm not sure if you mentioned a reason for not getting any financial aid. Did you just not get any because NYU didn't have any, or was there another reason? Perhaps you can look into applying to in state schools as those are substancially cheaper than the privates. If you got into NYU this year, you are not guaranteed a spot for next year. Essentially, I think you just need to weight your options. If you are going to be super worried about NYU's tuition than that might just hinder your overall experience at the school because of the stress. However, if you are concerned that you are already in your 30s and would like to start dental school ASAP, then maybe you should opt to going to NYU this year Fall despite the money. On a side note, as a elder applicant, you may have some life experiences that can strengthen you application and help you get into a school that is both cheaper and has a great program.

Hope this helps.
 
opps! sorry sonOfbush,

I just noticed that you said you didnt get a military scholarship and that is what you wanted. I actually dont know anything about those. 🙁
 
I'm just curious why you are so worried about the debt? I mean you'll have to pay it back over 30 years. That's comes to only 1k-1.5k/month. You'll be almost (99%) guaranteed of making six figures for the rest of your life. Just think of the money you'll lose just because you'll start practicing a year later because you are taking this year off.
 
speter, hate to burst your bubble, but you probably wont make 6 figures straight out of dental school. It'll take some time.
 
Hey SonofBush,

Dont go this year...just let me take your place!! :laugh:

Sorry, I have to dream, I guess. But seriously, I understand your concerns and they are valid. There are a couple of ways to look at it. If you are certain this is what you want to do, and the issues you have mentioned really are serious concerns to you, then wait. Surely if you "know" this is the career for you, you will get in next year somewhere, and maybe that somewhere will be cheaper.

The other way to look at is, you said you are older and already been out of school for a while, well don't waste anymore time. Go for it, you will be able to pay back the loan one day. I agree with Bickle, you won't make 100K straight out of school--especially in military dentistry-but you will make a comfortable living and you will pay it back one day and you can move forward with your life doing the thing that you love.
 
SonofBush-
It depends what branch of the military you want. If you go Air Force they only give out three year scholarships to dental students so waiting a year wouldn't matter or help. The army and navy do give out four year scholarships so if you want to be there and you don't mind waiting a year save the cash! I know that you already know this, but the military is only going to give you 1200 a month so you will have to take out some small loans to cover the difference but they will be minimal. In my opinion go with the Air Force--they treat their officers better than any other branch of the military (my Dad served in the Air Force) It would be the only branch I would want to serve in, but I am opting for the debt! Good luck!
 
You should go when you feel comfortable. Perhaps defering for a year...working a little, finding scholarships etc and a cheaper place might be a good option for you if it's stressing you out. You don't want to start dental school with all of that stress. You'll have enough to deal with in school.
 
What's the first step in applying for a loan? Should I contact the lender directly instead of contacting the infamous NYU financial aid officers? Do I need to fill out the FASAS or something online? Can someone provide me with the phone number at Citibank? I have a 2000 Nissan Altima and can I leverage the car to get a better rate? Everything is screwed up big time and I'm losing it.

The most acclaimed dental student in New York. The most criticized white house intern in Washington: "SonOfBush"
 
SonOfBush said:
Hello all,

I've been admitted to NYU and the school starts in less than 3 months and I'm debating myself whether to attend this year or next year. Here are my problems:

I haven't applied for financial aid yet. I've applied for an military scholarship but just have been told that there's no more scholarship available for this year. It's important for me to get a 4 year scholarship as the tuition at NYU is over $70,000 and I don't want to accrue any debt. I've had borrowed $30,000 to finance my college education and it took me almost 5 years to pay it back. It was only $30,000 but after paying taxes , food, car payments, mortgages, I realized it not easy to pay if off and it's hard for me imagine to borrow $70000 a year.

I haven't found a housing yet. Living off campus is cheaper ($1300) than the dorms ($1400) and you have to move out when the school is over in June and find another place to live in August so I prefer off campus housing. Also, the dorms are overpriced, small and dirty so I didn't even bother to apply for on-campus housing. I flew in to the city last week and I've been looking for a small condo or coop near campus. The best one I could find was a 300 sq ft co-op for $180,000!!! I thought I had the time and patience to look for housing in Manhattan but it's a rough process and the broker's fees are outrageous.

Should I attend this fall or should I start next year? Would I need to reapply or can my application be carried over to next year? Since I've been admitted this year, would the school automatically gaurantee my spot for next year? I'm in my thirties working for a company and I'm very positive that dentistry is the perfect profession for me. I don't have any desire to open up my own practice and only want to practice in the military. I also need to sell my car before moving to NYC and rent out the place I'm currently living in. It's going to be a huge hessle to move to NYC. Your advice would be greatly appreciated.

Next year.
 
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