New York University is notoriously expensive.

Its tuition and fees are among the highest in the US, at about $48,000 a year. On top of that, the cost of living in New York City makes room and board pretty pricey: $17,580. After factoring in books, transportation, and personal expenses, students can expect to pay $70,974 a year, the university predicts.

That could be a recipe for a student-loan horror story.

But not for one NYU sophomore: Long Island native Eric Hu is paying his tuition bill as he goes.

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