accepted but worried about debt

[invictusx]

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I'm a bit confused. People have been referring to the GPR residency in NY as though it's a requirement to even leave the school. It's only a requirement to obtain NY licensure to practice in-state, is it not?

The main reason NYU is perceived as expensive is because of the living costs, ie. costs associated with the location of the school, not the school itself. The all-inclusive tuition at NYU is in fact cheaper than many other private schools, and many out-of-state tuitions at state schools (in my case, I chose NYU over U of Minnesota because Minnesota was actually about $10k more a year). Since the perceived high cost of NYU is due to the city itself, you can't think of it as a direct cost of the schooling. You're paying to live in a high-demand location, not overpaying for your education. There is a difference; I know when it comes down to the wire it simply means more expensive, but you may have already made such decisions in your life (ie. chosen a more expensive apartment or condo because you liked it more, or perhaps your undergrad school is located in a city that is more expensive than another school you could have gone to).

Simply put, the school isn't expensive. NYC is. If you want to live in NYC, you'll pay for it. And even then, at least the cost of living is something that you can control to some extent. Live further away, commute, cook at home, reduce your discretionary spending; note that NONE of this has anything to do with your dental education, but rather only with your own personal life. You could easily live in a cheaper city but still spend the same amount of money because you're living more lavishly, or aren't keeping as close an eye on your budget as you would in a more expensive location, thanks to a false sense of security. And the entire time, the school in the cheaper city might cost you just as much as NYU does.

It's all a matter of perspective. You just need to keep in mind what money actually goes to the school and what money is actually within your hands to spend as you please.

That said, though I love the prospect of going to NYU, I admit I *am* scared of the penny-pinching (or, on the other hand, high costs) I'm going to have to endure living in NYC. I expect an offer from Case soon, which is comparably not that much cheaper in school costs, but much much cheaper in terms of living costs. However, Cleveland versus NYC? Come on. Cleveland's economy was based on Lebron James, and now they don't even have him anymore. Quite simply, I realize that I get what I pay for when it comes to living costs.

Touche. I, perhaps, will see you at NYU. I'll PM you.

 

[TheClutch]

Steve Jobs should try telling that to the girl who went to NYU for a liberal arts degree and is now responsible for a 100K loan. Or the doctor couple who both went to medical school and are doing their residency with 700K in debt. There are hundreds if not thousands of stories of lawyers finishing law school with a ton of debt and not having enough money to pay it off. I'm sure everyone was just following their dreams.

Solely following your heart is unrealistic advice for the majority. Thousands will try to follow in Steve Jobs footsteps and fail. Don't be one of those people. Use your brain.

I agree with you as I mentioned it in my earlier post.
In life, money matters A LOT no matter how someone argues otherwise. But cheaper tuition alone cannot determine your success although it is a safe bet (like I mentioned earlier). Just because 99 people fail, that doesn't mean you are gonna fail too. (although chances are high lol)

Know yourself and what you are capable of. It may sound foolish to you, but I have faith in myself and I know I will struggle quite a bit but I also know that I will eventually emerge.

I'm just gonna stop at here because it's based on each everyone's personal beliefs and perspective in life.

Whatever choice you make, make sure you will not regret it no matter what. Go with what you value the most. And don't be the average dentist you see all the times. Be the exceptional one
In 10 yrs, you could say, "I told you so, idiot!" to me or I could say "What did i tell you eh?
We shall see. 😀 I will def come back after 10 yr (hopefully SDN will be around) and let the World know whether I fail or succeed.

 

[Silencio]

However, Cleveland versus NYC? Come on. Cleveland's economy was based on Lebron James, and now they don't even have him anymore. Quite simply, I realize that I get what I pay for when it comes to living costs.

LOL, so true man. Funny thing is that Lebron is from Ohio and even he wanted out lol.

 

[Sunspear]

You're going to be taking out huge loans no matter WHERE you go to dental school. It's expensive - everywhere - period. Am I saying differences in tuition shouldn't matter? No, of course not. It is a factor. But it's just one factor.

 

[AwesomeTeeth]

You're going to be taking out huge loans no matter WHERE you go to dental school. It's expensive - everywhere - period.

Actually that's not true. There's quite a bit of difference between 230k for stony and 401 for NYU.

 

[Sunspear]

What I said is true, actually. 200k is still a lot of debt.

 

[AlbinoPolarBear]

What I said is true, actually. 200k is still a lot of debt.

Um.....

400k is a lot of debt. TRUE.
If you paid 3k a month, you will pay back the loans in 25 years (7.5% interest).

200k is a lot of debt. TRUE.
If you paid 3k a month, you will pay back the loans in 7.5 year (7.5% interest).

Do it yourself with this calculator:
http://www.finaid.org/calculators/scripts/loanpayments.cgi

So while both options are expensive, one options lets you pay back your loans 17.5 years earlier.

 

[Bereno]

So one of the options is expensive while the other option is very expensive. Got it lol

 

[AwesomeTeeth]

What I said is true, actually. 200k is still a lot of debt.

You're a California guy and you're saying 200K is a lot of debt? That barely gets you a box on the side of the street in SF.

 

[yappy]

EDIT: I had a longer post discussing the burdon of war felt by those who have served relitive to what this poster has done in college plus gap year... and what previous generations endured durnig their 20's but I'll just sum it up like this:

The parts in bold = 'the way of the loser'.

Candy ass.

Or, you can lose the 'live to work' attitude and simply enjoy life for another year. 200k won't look so good when you're 50 and wishing you'd traveled, partied, and enjoyed a worry free life during your 20's. You can't buy happiness. Once you start dental school your life becomes all about commitment and responsibility. Each year in your early 20's where you have absolutely nothing to worry about except doing what you want and having fun is priceless, trust me.

Just a counter argument though, depends on what people want out of their lives. I doubt the OP even cares about this thread anymore haha.

 

[timwatley]

EDIT: I had a longer post discussing the burdon of war felt by those who have served relitive to what this poster has done in college plus gap year... and what previous generations endured durnig their 20's but I'll just sum it up like this:

The parts in bold = 'the way of the loser'.

Candy ass.

To each their own Yappy. Im assuming you're a vet? Considering world war 2 was the last relevant war we were in makes you just as much of a candy ass as me. If enjoying my life for a couple years is a crime I can't imagine what propping up puppet governments and securing oil investments is? I respect vets quite a bit, but when immature ones make immature comments I'll play the same game.

 

[averagejoedds]

^^ Wow. just wow

 

[dru180]

bit harsh, and off base there yappy.

I took a year off and worked like a normal person before I jumped back in the dental game. I haven't and will never regret it. Not only did I have a blast during that time (which was worth the time in itself to recharge my batteries), but I learned a lot about what its like to be in the business world. I got a lot of perspective on why I wanted to become a dentist in the first place. It was well worth the time.

As a side note, I traveled a lot for work, so i was able to combine the best of both worlds.

Anyways, I'm not sure if I would turn down NYU, but If i thought there was a really good chance of being accepted to a state school next year that's almost half the price, I would certainly consider it. For example if you were completing a masters program. I would also consider military scholarship.

 

[AwesomeTeeth]

i like how this thread originally started as NYU debt and navy scholarships

 

[yappy]

I'm not saying everyone should join the military in their 20's or that those who served some how did something more noble. I respect anyone who uses their skills and is working full time or advancing their education. Just "taking a break to enjoy life" that soon out of college makes you seem like a baby. But you're right - to each their own.

lol @ your politics. Keep watching your colbert & stewart.

To each their own Yappy. Im assuming you're a vet? Considering world war 2 was the last relevant war we were in makes you just as much of a candy ass as me. If enjoying my life for a couple years is a crime I can't imagine what propping up puppet governments and securing oil investments is? I respect vets quite a bit, but when immature ones make immature comments I'll play the same game.

 

[timwatley]

I'm not saying everyone should join the military in their 20's or that those who served some how did something more noble. I respect anyone who uses their skills and is working full time or advancing their education. Just "taking a break to enjoy life" that soon out of college makes you seem like a baby. But you're right - to each their own.

lol @ your politics. Keep watching your colbert & stewart.

Come on Yappy, I expect more out of a pre health member. What does it take to travel? Money. How do you get money? Work. You were a little trigger happy assuming I wasn't working and bettering myself over my couple of years off. Simply getting away from academics for a year or two and working a regular job qualifies doesn't it? I did that while learning to golf, fuse glass, and fly fish. I bettered my jaeger tolerance, made friends, and saved up money to travel. Then I traveled.

I'm praying I've got your respect now, not sure what I'll do without it.

 

[yappy]

reluctantly given.

I was having a bad day.

Come on Yappy, I expect more out of a pre health member. What does it take to travel? Money. How do you get money? Work. You were a little trigger happy assuming I wasn't working and bettering myself over my couple of years off. Simply getting away from academics for a year or two and working a regular job qualifies doesn't it? I did that while learning to golf, fuse glass, and fly fish. I bettered my jaeger tolerance, made friends, and saved up money to travel. Then I traveled.

I'm praying I've got your respect now, not sure what I'll do without it.