Cost of Living in NY + Tuition... (CLS) Forum
- LiveFreeOrLaw
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Cost of Living in NY + Tuition... (CLS)
Im getting no scholly from CLS. Including room & board, tuition, and books, how much am I in the red realistically if I were to attend Columbia?
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Re: Cost of Living in NY + Tuition... (CLS)
Don't forget about that interest! And if you got into NYU as well you're looking at 4,000 a year less due to the tuition difference.
Without interest though youre looking at 222,000 dollars. If you pay that off over 10 years at a monthly payment of 2700 at roughly 7%, you're looking at roughly 80,000 in interest. So in total 300,000 dollars. YEY!
Without interest though youre looking at 222,000 dollars. If you pay that off over 10 years at a monthly payment of 2700 at roughly 7%, you're looking at roughly 80,000 in interest. So in total 300,000 dollars. YEY!
Last edited by mst on Mon Mar 28, 2011 5:25 pm, edited 1 time in total.
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Re: Cost of Living in NY + Tuition... (CLS)
...and then a comparable amount more due to cost of living differences.mst wrote:Don't forget about that interest! And if you got into NYU as well you're looking at 4,000 a year less due to the tuition difference.
- swc65
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Re: Cost of Living in NY + Tuition... (CLS)
bosox777 wrote:...and then a comparable amount more due to cost of living differences.mst wrote:Don't forget about that interest! And if you got into NYU as well you're looking at 4,000 a year less due to the tuition difference.
Plus then you're at NYU
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Re: Cost of Living in NY + Tuition... (CLS)
They're not that different. Yeah, you'll probably live in a smaller place at nyu. But even then, if you pay 200 more a month, that equates to a 2,000 dollar difference. And since columbia's tuition and fees is about 5-6,000 more, the 2,000 more in rent means the difference is about 4,000... like i originally said.bosox777 wrote:...and then a comparable amount more due to cost of living differences.mst wrote:Don't forget about that interest! And if you got into NYU as well you're looking at 4,000 a year less due to the tuition difference.
PLUS you get to be in the village instead of MH. So it's not like you're losing out on that 2,000 increase anyways.
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Re: Cost of Living in NY + Tuition... (CLS)
mst wrote:Don't forget about that interest! And if you got into NYU as well you're looking at 4,000 a year less due to the tuition difference.
Without interest though youre looking at 222,000 dollars. If you pay that off over 10 years at a monthly payment of 2700 at roughly 7%, you're looking at roughly 80,000 in interest. So in total 300,000 dollars. YEY!
good catch. interest definitely relevant here.
- JG Hall
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Re: Cost of Living in NY + Tuition... (CLS)
Columbia's tuition/fees is 2642 more, and Columbia budget's an additional $3700 in non-room/board living expenses (that don't appear in NYU's budget). That's where the difference is. CLS budgets $1283/month for rent, which while probably the median rent paid, is higher than what people paying for LS on straight loans is paying.mst wrote:They're not that different. Yeah, you'll probably live in a smaller place at nyu. But even then, if you pay 200 more a month, that equates to a 2,000 dollar difference. And since columbia's tuition and fees is about 5-6,000 more, the 2,000 more in rent means the difference is about 4,000... like i originally said.bosox777 wrote:...and then a comparable amount more due to cost of living differences.mst wrote:Don't forget about that interest! And if you got into NYU as well you're looking at 4,000 a year less due to the tuition difference.
PLUS you get to be in the village instead of MH. So it's not like you're losing out on that 2,000 increase anyways.
Anyway, the point being that once you're out $200k, the difference is negligible, tbh.
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Re: Cost of Living in NY + Tuition... (CLS)
Although you could go to NYU and live in Brooklyn and it would be a lot cheaper than living near CLS.bosox777 wrote:...and then a comparable amount more due to cost of living differences.mst wrote:Don't forget about that interest! And if you got into NYU as well you're looking at 4,000 a year less due to the tuition difference.