Quote from NYCityLights
Very helpful, PamCBM2Be. Thank you so much for your willingness to advise those of us just starting on this track. Yale's program also seems great (as someone already living in NYC, married, and pretty much settled here for the long haul, Yale and Columbia are really my two most logistically realistic options at this point -- hoping and praying every day that at least one will work out next year). Congratulations and best of luck this fall!
If you don't mind my asking--if you applied for financial aid, did you find that the packages were similar from both schools? Or was one significantly more favorable than the other? That is probably my biggest concern at the moment. Given NYC's significantly higher cost of living, I'm curious to know if that is accounted for in Columbia's package, or whether the two were pretty similar (leaving the student to figure out the additional living expenses separately).
To me, the packages were comparable. Columbia's first year is more expensive, but they give you a bigger need-based scholarship
. For Columbia, a significant portion of the cost of attendance must either be funded out of pocket or through private lenders, at least 35k for the first year alone. For Yale, since it starts out as a Graduate program (instead of a second BSN), students qualify for GradPlus loans which is an alternative to needing to find your own private lender (and a bonus for people who aren't quite as credit worthy or have no cosigner). Yale does give a scholarship, but it's small in comparison to the pricetag. Overall cost of attendance for Yale for the first year is around 75k (tuition and living expenses and fees included and 5-10k of which is covered by scholarship). Overall cost of attendance for Columbia was about 100k for the first year (25k of which is covered scholarship). Columbia might be a tad cheaper of a program because it is usually 2.5 years instead of 3, so there's less tuition to be paid, but then once the higher cost of living is taken in to account, it ends up being quite a bit more expensive (at least for me). The specialty years for both programs are less expensive than the first year is.
For both programs, its possible to work the specialty years to help offset the cost a bit.
Hope that helps