NYU Business School Fail
You must watch this video blog post about a recent graduate of NYU’s undergraduate business program. The guy is depressed and collapsing under $275,000 in student loan debt.
There are so many problems with this story.
First, the guy turned down a full scholarship offer from another college so he could gain all of the “benefits” of living and learning in Manhattan. His payoff: Sharing an apartment over a garage with two others – in Pennsylvania. He now has a two hour commute – each way – to his job. Wow – dreams fulfilled.
He regrets his decision, of course, and acknowledges that he did the math before enrolling. But he chose to ignore the big debt number staring him in the face on the calculator. He would worry about it later. Later has arrived, big time.
The other big problem is with NYU. It is shameful that it would allow an undergraduate to enroll without BIG GIANT WARNINGS against graduating with a bachelor’s degree and a six figure debt load. This is a BUSINESS program after all. But tuition dollars are more important than business sense to NYU, and to most other universities.
It’s b-school malpractice in my opinion. Would you trust the business education of someone who puts himself in this position?
Here is the link to the sad but true video.