New York University (NYU) nursing - is it worth it?

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New York University (NYU) nursing - is it worth it?

Hi everyone, I'm applying for NYU's program for the fall 2024 but the cost is deterring me so much. Can anybody rationalize for me or sort of give me the pro's of this program? 90k is a bit steep. Haha

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It's worth it . It's a great program, and they save seats for their graduates in some of the best hospitals if you're planning on staying in nyc after you pass your NCLEX. Starting pay ~130k . You won't find a "cheap" education with a ABSN, almost all programs round up around this costs especially in nyc ( programs such as pace,Columbia are all over 100k) . Hope this helps ? p.s. nyu gives scholarships once your accepted specifically for the nursing program, and starting 2024 tuition is supposed to be free if you make under 100k and file as an independent! 

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Lala Bird said:

It's worth it . It's a great program, and they save seats for their graduates in some of the best hospitals if you're planning on staying in nyc after you pass your NCLEX. Starting pay ~130k . You won't find a "cheap" education with a ABSN, almost all programs round up around this costs especially in nyc ( programs such as pace,Columbia are all over 100k) . Hope this helps ? p.s. nyu gives scholarships once your accepted specifically for the nursing program, and starting 2024 tuition is supposed to be free if you make under 100k and file as an independent! 

Wow... it sounds so tempting due to how nice it sounds compared to the other programs. I'm between Mount Sinai, Downstate and NYU. If you are a student there how have you liked the experience so far? I really value an education where I feel supported by the people teaching me and I am interested in securing a job as soon as possible LOL! Wow, where can I get information on the 2024 tuition ?

I just keep seeing people online say that it's too much money to spend on the same degree you could get elsewhere for cheaper.

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Specializes in Psychiatric and Mental Health NP (PMHNP).
shirlsssss14 said:

Wow, where can I get information on the 2024 tuition ?

I just keep seeing people online say that it's too much money to spend on the same degree you could get elsewhere for cheaper.

Go to the school website for more information.  In addition, you must complete a FAFSA when applying for school, which will determine what financial aid you can get.

Don't go by what you read online - who cares what a bunch of strangers think?  In addition, most people do not pay "full price" due to financial aid.  So apply and see if you get in, and if so, what kind of financial aid you get.  I'd say if you can get free tuition, that's as cheap as it is going to get.

Contact the school admissions department and schedule an appointment to ask more questions.  Many schools also offer online sessions and webinars for more information.

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FullGlass said:

 In addition, most people do not pay "full price" due to financial aid.  So apply and see if you get in, and if so, what kind of financial aid you get.  I'd say if you can get free tuition, that's as cheap as it is going to get.

I don't know, IMO financial aid is much easier to come by as a first-time undergrad than as a second-degree student (speaking from ABSN experience). Perhaps NYU has specific scholarships that I'm not familiar with, but in a lot of second-degree and graduate programs the best you can hope for is federal loans with relatively cheap interest, and $100,000 + interest takes a long time to pay off.

For me personally, it made way more sense to save on my ABSN and go to a reputable state school, and to subsequently spend more money on a private, top-rated NP Program. As an RN, there is much less of an emphasis on where you went to school, as long as you learned what you needed to and got your BSN, and it will also take a long time to pay off those loans with an RN salary. In contrast, I've found that as an NP, people care more about where I went to school, and my salary is such that I can afford those loans.

If I were you, I'd apply to NYU and see what kind of financial aid you can get, but also cast a wider net to look at other, more affordable programs. If you can find a less-expensive school that has clinicals in the hospitals where you want to work, making a good impression on those units is perhaps the most important thing you can do. We're also in a great market right now for new grads -- it's insanely easy to get a job in many places, even without experience. You may be able to get a job in NYC as a new grad with a state school ABSN, and even if you can't, I'm sure once you have a year or two of experience you'll be able to work wherever you want (and won't have to be stuck paying $1,000+/month in student loans for the next 10 years).

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adventure_rn said:

I don't know, IMO financial aid is much easier to come by as a first-time undergrad than as a second-degree student (speaking from ABSN experience). Perhaps NYU has specific scholarships that I'm not familiar with, but in a lot of second-degree and graduate programs the best you can hope for is federal loans with relatively cheap interest, and $100,000 + interest takes a long time to pay off.

For me personally, it made way more sense to save on my ABSN and go to a reputable state school, and to subsequently spend more money on a private, top-rated NP Program. As an RN, there is much less of an emphasis on where you went to school, as long as you learned what you needed to and got your BSN, and it will also take a long time to pay off those loans with an RN salary. In contrast, I've found that as an NP, people care more about where I went to school, and my salary is such that I can afford those loans.

If I were you, I'd apply to NYU and see what kind of financial aid you can get, but also cast a wider net to look at other, more affordable programs. If you can find a less-expensive school that has clinicals in the hospitals where you want to work, making a good impression on those units is perhaps the most important thing you can do. We're also in a great market right now for new grads -- it's insanely easy to get a job in many places, even without experience. You may be able to get a job in NYC as a new grad with a state school ABSN, and even if you can't, I'm sure once you have a year or two of experience you'll be able to work wherever you want (and won't have to be stuck paying $1,000+/month in student loans for the next 10 years).

I agree, due to me already having a bachelors I do not qualify for more financial aid. I'm very stuck on this decision because I do plan on going to NP school in the future, and I am not sure if the school will have an impact on this. 

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Specializes in Psychiatric and Mental Health NP (PMHNP).
shirlsssss14 said:

I agree, due to me already having a bachelors I do not qualify for more financial aid. I'm very stuck on this decision because I do plan on going to NP school in the future, and I am not sure if the school will have an impact on this. 

***IMPORTANT***  New York announced that for undergrad students making less than $100K per year, tuition will be FREE.  Check to see if you qualify.

https://www.nyu.edu/admissions/financial-aid-and-scholarships/full-tuition-scholarship-program.html#:~:text=Mills expanded NYU's commitment to,%24100%2C000 and hold typical assets.

There is financial aid available for an Accelerated BSN (ABSN) if you already have a college degree.  I know, because I earned an ABSN and I got financial aid.

Loans are not the end of the world!  An RN should be able to repay some loans.  In addition:

1.  There are loan repayment plans through the federal government and many state governments, in return for working in underserved areas.  These areas are everywhere, including in major cities.

2.  Some employers also offer their own loan repayment plans for nurses.

Here is a calculator to help determine how much debt one can afford:

https://www.famemaine.com/affording-education/pay-for-school/resources-tools/calculators/student-loan-salary-calculator/

Note:  there are income-based loan repayment plans for student loans.  You can always request lower payments if your income goes down.  In addition, there are forbearances if you become unemployed.

3.  There are also loan forgiveness programs.

Also, apply for scholarships!  Don't just accept what your school gives - there are many scholarships out there that go unclaimed every year.  Use Google and search on nursing scholarships and apply for as many as you qualify for.  Some towns and counties offer scholarships to their residents.  Johnson & Johnson offers a lot of nursing scholarships.

 

 

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FullGlass said:

***IMPORTANT***  New York announced that for undergrad students making less than $100K per year, tuition will be FREE.  Check to see if you qualify.

https://www.nyu.edu/admissions/financial-aid-and-scholarships/full-tuition-scholarship-program.html#:~:text=Mills expanded NYU's commitment to,%24100%2C000 and hold typical assets.

There is financial aid available for an Accelerated BSN (ABSN) if you already have a college degree.  I know, because I earned an ABSN and I got financial aid.

Loans are not the end of the world!  An RN should be able to repay some loans.  In addition:

1.  There are loan repayment plans through the federal government and many state governments, in return for working in underserved areas.  These areas are everywhere, including in major cities.

2.  Some employers also offer their own loan repayment plans for nurses.

Here is a calculator to help determine how much debt one can afford:

https://www.famemaine.com/affording-education/pay-for-school/resources-tools/calculators/student-loan-salary-calculator/

Note:  there are income-based loan repayment plans for student loans.  You can always request lower payments if your income goes down.  In addition, there are forbearances if you become unemployed.

3.  There are also loan forgiveness programs.

Also, apply for scholarships!  Don't just accept what your school gives - there are many scholarships out there that go unclaimed every year.  Use Google and search on nursing scholarships and apply for as many as you qualify for.  Some towns and counties offer scholarships to their residents.  Johnson & Johnson offers a lot of nursing scholarships.

 

 

Thanks for the link, I checked it and found this 

 " students who started as a first year student admitted to our New York campus will not have to pay tuition if they have family income under $100,000 and hold typical assets"

I would not be considered a first year student I believe, I will check in with NYU though and hope it does apply.

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Specializes in Psychiatric and Mental Health NP (PMHNP).

Here is the Nurse Corps Scholarship info:

https://bhw.HRSA.gov/funding/apply-scholarship/nurse-corps

 

Nurse Corps loan repayment program:

https://www.HRSA.gov/behavioral-health/nurse-corps-loan-repayment-program

 

New York State nurse scholarship

https://www.governor.ny.gov/nurses-our-future-scholarship/official-program-rules-nurses-our-future-scholarship

 

More from NY state:

https://www.op.nysed.gov/professions/registered-professional-nursing/nursing-education/new-york-state-nursing-education

 

NY state loan repayment

https://www.health.ny.gov/funding/soi/20283/

 

Information on loan forgiveness

https://nypost.com/refinance-student-loans/student-loan-forgiveness-for-nurses/

 

There is a lot of money out there.  So spend some time researching.  The above took me all of 5 minutes.

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DO NOT, I repeat DO NOT do it!!

Once you start working, even a 130k salary disappears fast in NY. Think about your other post grad expenses. Want to buy a house, have kids, become an NP??? That all costs on top of car payment, insurance, groceries, utilities, not even accounting for extras like eating out or vacation. Imagine paying $2000 for childcare, $500 month for NP tuition (state school) AND $1000 in student loan payments for your BSN.??? That's half your monthly income in just educational expenses. Unless you plan to rent, mortgages in NY can easily eat up the rest of your monthly income. Go to the least expensive school, get your degree, go get a job you love!

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Specializes in Psychiatric and Mental Health NP (PMHNP).
Blessed_Victorious said:

DO NOT, I repeat DO NOT do it!!

Once you start working, even a 130k salary disappears fast in NY. Think about your other post grad expenses. Want to buy a house, have kids, become an NP??? That all costs on top of car payment, insurance, groceries, utilities, not even accounting for extras like eating out or vacation. Imagine paying $2000 for childcare, $500 month for NP tuition (state school) AND $1000 in student loan payments for your BSN.??? That's half your monthly income in just educational expenses. Unless you plan to rent, mortgages in NY can easily eat up the rest of your monthly income. Go to the least expensive school, get your degree, go get a job you love!

As I previously explained, very few people pay the full tuition, due to financial aid, which includes SCHOLARSHIPS and loans.  Someone making $130K per year can certainly afford to have some student loans.  Also, it is not clear if the OP is in NYC or elsewhere in New York state.  Outside of NYC, New York state is pretty affordable.

There are plenty of scholarships and loan repayment options available.

The full price of NYU is $130K.  What if the OP applies and gets scholarships amounting to $50K?  That leaves 80K, which is not bad.  Or what if the OP applies, gets loans, but then wins a Nurse Corps (full ride) scholarship?  

Student loans can also be forgiven under certain conditions.

So go to a school that guarantees clinical placements!

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FullGlass said:

As I previously explained, very few people pay the full tuition, due to financial aid, which includes SCHOLARSHIPS and loans.  Someone making $130K per year can certainly afford to have some student loans.  Also, it is not clear if the OP is in NYC or elsewhere in New York state.  Outside of NYC, New York state is pretty affordable.

There are plenty of scholarships and loan repayment options available.

The full price of NYU is $130K.  What if the OP applies and gets scholarships amounting to $50K?  That leaves 80K, which is not bad.  Or what if the OP applies, gets loans, but then wins a Nurse Corps (full ride) scholarship?  

Student loans can also be forgiven under certain conditions.

So go to a school that guarantees clinical placements!

To clarify I am a 22 year old born and raised in NYC with no children and no plans of having any soon. I will be living at home for the first year after graduating and if I do get my own place I will be renting in NYC! I am considered "low-income" and a minority so I believe I will qualify for some type of aid, I am only a little scared cause I went to my undergrad for free so I know nothing about the loan process. Thank you for your inputs though, I am applying to both NYU and Mount Sinai, I will see who gives me a better deal. I just think NYU is the better nursing school academically than Mount Sinai, but obviously more expensive.

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