NYU Looks for New Ways to Address High Cost of Attendance


June 16, 2010
by Scholarships.com Staff
It’s rare for a college to tell a prospective student that their school may not be affordable enough for them to attend come fall. For a year, New York University did just that, calling admitted students and their parents and families to talk about the debt they could get themselves into if they chose to attend the pricey college. Citing little effect on enrollment rates, however, the school will not be pursuing a similar effort this summer, according to a recent article in The Chronicle of Higher Education.

It’s rare for a college to tell a prospective student that their school may not be affordable enough for them to attend come fall. For a year, New York University did just that, calling admitted students and their parents and families to talk about the debt they could get themselves into if they chose to attend the pricey college. Citing little effect on enrollment rates, however, the school will not be pursuing a similar effort this summer, according to a recent article in The Chronicle of Higher Education.

The purpose of the calls was to make sure students and parents were aware how much an education at the school cost long-term. NYU doesn’t offer as much “free money” in scholarships and grants as many other schools, leaving students no choice but to take out student loans to cover the more than $50,000 annual tuition, fees, and room and board bill. According to previous articles on the school’s efforts in The Chronicle, the 58 percent of students who carry debt loads once graduating from NYU do so with an average of more than $33,000 in student loans. (The national average hovers around $20,000.)

NYU won’t be abandoning all efforts to inform students and parents about the costs of attending the college. Administrators say they’re now looking for ways to make sure those admitted know of ways to finance the “significant investment” that is NYU, according to The Chronicle, and that these efforts need to start sooner rather than later when students are still deciding where to enroll. The college also plans to give students a more “general financial education” rather than giving them advice based on their specific circumstances. However, Randall C. Deike, NYU’s vice president for enrollment management, said in the Chronicle article that he has already told some students it may be better for them to start out at a less expensive college and then transfer to NYU later on.

NYU has gotten quite a bit of criticism lately from students graduating with mountains of debt, degrees in the humanities, and limited job prospects. One article last month in The New York Times took a look at Cortney Munna, a 26-year-old graduate of NYU with nearly $100,000 in student loan debt. Munna is saying she wasn’t counseled properly about the true cost of college and what it would be like to repay a loan that high once she was done at NYU. According to The New York Times article, it was NYU that suggested she take out an additional $40,000 private loan when she and her mother found that the lower-interest student loans didn’t cover all of the costs of attendance. The college has since said it would have been inappropriate for them to counsel Munna out of NYU, or to counsel her out of taking on more debt to remain at the school. Who is to blame here? Were Munna and her mother naïve in assuming they could handle the loan? Should private lenders consider students’ existing loan totals when doling out funds? Should the college have been more forthright?

Just because there are millions of college scholarships out there doesn’t mean you have time to go searching, and many won’t even match your profile. We’ve done the work and Scholarships.com is totally free. We have the search algorithms and scholarships database, saving you time in searching, finding and applying to thousands of dollars in college scholarships. Get instantly matched to scholarships that meet your unique talents, skillset and strengths, only those you qualify for. Access a complete list of college scholarships now by conducting a free college scholarship search at Scholarships.com.

Discuss

Share your thoughts and perhaps thousands of students will benefit from your unique insight on the subject!



If you can read this, don't touch the following fields


 
First-time community college students in California may be able to get a discounted, or even free college education thanks to a new California College Promise law. The point of the program is to create the environment and alignment that will help students finish college.

Community College Comp'd in California?

October 17, 2017 9:12 AM
by Susan Dutca
First-time community college students in California may be able to get a discounted, or even free college education thanks to a new "California College Promise" law. The point of the program is to

    Students and families who use Scholarships.com as their one-stop shop for free college and financial aid information and opportunities is the reason why we are thankful. As a way of saying thanks, we’ve come up with a way for you the squash student loan debt with these November Scholarships. For even more scholarships in November, click here.

Gobble Up these November Scholarships

October 6, 2017 12:02 PM
by Susan Dutca
Students and families who use Scholarships.com as their one-stop shop for free college and financial aid information and opportunities is the reason why we are thankful. As a way of saying
Warren Wilson College, a school known for attracting liberal students, is seeking to recruit conservative students in effort to broaden [their] appeal to those with all kinds of worldviews. Other college and university leaders claim that the 2016 election serves as inspiration for this initiative and they are also fearful that their institutions are disconnected from conservatives who make up a majority in much of the country.

Liberal School Seeking to Recruit Conservative Students

October 3, 2017 11:17 AM
by Susan Dutca
Warren Wilson College, a school known for attracting liberal students, is seeking to recruit conservative students in effort to "broaden [their] appeal to those with all kinds of worldviews." Other
Parents of boys are more likely to pay the entire cost of college than those who have girls, according to a 
new study from T. Rowe Price. They are also more willing to prioritize saving for their sons' college over their own retirement.

Parents Save More for Sons’ College Education

September 26, 2017 9:39 AM
by Susan Dutca
Parents of boys are more likely to pay the entire cost of college than those who have girls, according to a new study from T. Rowe Price. They are also more willing to prioritize saving for their

    Enjoy a seasonal treat this season with fall scholarships from Scholarships.com to help pay your college tuition bill. Harvest some of the largest dollar scholarships, most prestigious scholarships, and brand name scholarships out there with our list of October scholarships. These autumn scholarships are so good you'll scream! So hurry and apply for these scholarships due in October and don't let them fall by the wayside. For a complete list of scholarships due in October, click here.

Harvest Fall Scholarships for College

September 7, 2017 3:42 PM
by Susan Dutca
Enjoy a seasonal treat this season with fall scholarships from Scholarships.com to help pay your college tuition bill. Harvest some of the largest dollar scholarships, most prestigious
If you're pursuing or thinking of pursuing a career in coding, you may be one of the 75,000 aspiring developers to land an Android Scholarship or Web Development Schoalrship, sponsored by Google and Udacity. Google and Udacity have been partnered over the past two years and doled 1,000 and 10,000 scholarships for coders in 2015 and 2016, respectively.

Google, Udacity Offer 75,000 Scholarships for Coders

September 5, 2017 1:14 PM
by Susan Dutca
If you're pursuing or thinking of pursuing a career in coding, you may be one of the 75,000 aspiring developers to land an Android Scholarship or Web Development Schoalrship, sponsored by Google and
San Diego State University plans to offer a course titled Black Lives Matter: A Focus on Black Boys and Men in Education, which will be open to the public for enrollment this coming October. The course, which will cover topics of how black men are undervalued in the classroom, is under fire for featuring “speakers whose members have been accused of inciting violence.

Black Lives Matter College Course Faces Criticism

August 30, 2017 8:32 AM
by Susan Dutca
San Diego State University plans to offer a course titled "Black Lives Matter: A Focus on Black Boys and Men in Education," which will be open to the public for enrollment this coming October. The