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I'll say two things:
1) Unless you have a family who come from money, or a lot set aside, be prepared to be very very very poor. Living in parts of the city that people don't normally like to live in. In places that people shouldn't normally live in. But you get to be in New York.
2) If you are going to be poor, living in a Calcutta-esque apartment, now is the time to do it man.
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EX: Whats new?
ME: I officially love coffee more then you now.
EX: uh...
ME: So, not much.
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