NYU is inexpensive?!?!?!?!?!?

[BPShug]

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I am confused:

NYU's average student indebtness is about $73,000, which is less than almost every other private medical school, and even less than most public schools. However, it's tuition is the same as most private schools, which is more than double that of the public SUNY schools.

Can anybody explain? The only thing I can think of is that they give a lot of merit or other scholarships. Anybody know what the deal is?

 

[DW]

if that number is true, then either must give out a lot of merit based aid, or there are a lot of independently wealthy kids going there. The tuition is no small price, and if NYU's med school doesn't have campus owned using like their other professional progarms do, be prepared to be paying 1500 a month for a studio apartment.

 

[ckent]

Yeah, those avg in-debtness figures can be confusing and misleading. I think that the problem is that a lot of schools have a significant number of MD/PhD students, students who are paying for med school with cash from wealthy parents, and military and other scholarship students that tends to skew results into making a school appear cheaper then it actually is in almost all surveys. I know that NYU is notoriously expensive, with students having to borrow upwards of 40,000 a year to attend. So one more thing that would skew the results is that the students who have no financial support (no rich parents) decide to go to cheaper schools while the kids with rich parents are perfectly happy at a school like NYU therefore NYU may actually look "cheaper" in terms of avg in-debtness then a generous private or public school whose students are all borrowing for tuition and living expenses.

 

[lollie2006]

There's no way that # is true. I only received $3000 in grants, so I would have been $150K in debt. I usually get more aid than anyone I know b/c of a special situation my parents have so at most schools, my indebtedness is on the low end. Also, everyone I talk to at NYU is in major debt. However, NYU does have on campus housing (Rubin Hall for 1st years, apartments for 2-4th years) which is really cheap ($550/mo)

 

[Thewonderer]

NYU gives out meager financial aid. Therefore, the low debtness might be due to how rich the student body is.