Law School Discussion

NYU Money

bruin

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Re: NYU Money
« Reply #10 on: April 27, 2005, 11:22:05 AM »
no, it's 37,500 total (15/15/7.5).

I'll be going to UVa, but if NYU offered 37.5/year...

The Truth

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Re: NYU Money
« Reply #11 on: April 27, 2005, 12:51:10 PM »
5/6 tuition (2.5 years) on Law & Business Fellowship, although it is going back into the pot :)

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Re: NYU Money
« Reply #12 on: April 27, 2005, 01:00:10 PM »
Anyone have any luck bargaining?

ormachea

Re: NYU Money
« Reply #13 on: April 27, 2005, 02:21:36 PM »
I'm in the middle of doing that with NYU. I think one of the major reasons GULC came out of nowhere with their offer to me is because I had mentioned NYU's. I'll let you know how it works out.

Re: NYU Money
« Reply #14 on: April 28, 2005, 09:18:24 AM »
The answer to my reconsideration request just came back -- still nothing.  I'm 171/3.8, which doesn't seem that far off from people who recieved some sort of money.  I recieved about $10,000/year from Stanford, $20,000 total from Columbia, and about $7,000/year from Boalt.  I really, really feel comfortable at NYU though, and do plan on going into public service.  Is it ridiculous for me just to go for it and prepare to take out $180,000 in loans???  They do have a good LRAP program, although I feel as if I never really understand all the details...

Re: NYU Money
« Reply #15 on: April 28, 2005, 09:49:11 AM »
Your reconsideration came back?  When?  I am so anxious to hear.  When did you ask for the reconsideration?  I feel the same way.  I want to go to NYU but I feel like the loans are ridiculous.  I'm starting to think I will accept one of the full tuition scholarships I have from lesser schools and then hope to either transfer or get into UVA off the waitlist which is a)cheaper and b)less stingy I believe with aid.  And it's warmer, prettier and has an amazing bioethics program, which i am interested in. 

Re: NYU Money
« Reply #16 on: April 28, 2005, 09:54:44 AM »
It was in my in-box this morning.  I sent the e-mail about a week and a half ago and called to check on it a couple days ago.

jayhawk

Re: NYU Money
« Reply #17 on: April 28, 2005, 10:00:36 AM »
sorry to hear that.  it's surprising that they wouldn't offer you anything; you're obviously qualified, and they are normally pretty generous with merit aid.  regardless, if you really felt comfortable there, go for it.  i know it's hard to turn down money at schools like stanford or columbia, but you should go to the school where you'll be happiest.


The answer to my reconsideration request just came back -- still nothing.  I'm 171/3.8, which doesn't seem that far off from people who recieved some sort of money.  I recieved about $10,000/year from Stanford, $20,000 total from Columbia, and about $7,000/year from Boalt.  I really, really feel comfortable at NYU though, and do plan on going into public service.  Is it ridiculous for me just to go for it and prepare to take out $180,000 in loans???  They do have a good LRAP program, although I feel as if I never really understand all the details...

tame

Re: NYU Money
« Reply #18 on: April 28, 2005, 11:07:04 AM »
The answer to my reconsideration request just came back -- still nothing. I'm 171/3.8, which doesn't seem that far off from people who recieved some sort of money. I recieved about $10,000/year from Stanford, $20,000 total from Columbia, and about $7,000/year from Boalt. I really, really feel comfortable at NYU though, and do plan on going into public service. Is it ridiculous for me just to go for it and prepare to take out $180,000 in loans??? They do have a good LRAP program, although I feel as if I never really understand all the details...

Yup, I'm in pretty much the same situation, and I'm going to suck it up and go to NYU.  I don't fully understand the LRAP program either, but I know it's supposed to be one of the best.  I'm actually hoping that taking out all this debt will keep me from going the route that a lot of people who go to law school planning on going into public service/public interest eventually do - taking a biglaw job because it's so much easier to get one.  Because I know if I take the high-paying job to pay off the massive loans myself, I'll be stuck doing it for at least 4 or so years, if not more, and will probably be miserable.  I'd much rather take a low-paying job that I enjoy more and do that for the 10 years it takes to have my loans paid off in full.  Knowing that, I hope, will give me more motivation to not to fall into biglaw just because it's the path of least resistance.

ormachea

Re: NYU Money
« Reply #19 on: April 28, 2005, 11:16:16 AM »
The answer to my reconsideration request just came back -- still nothing.  I'm 171/3.8, which doesn't seem that far off from people who recieved some sort of money.  I recieved about $10,000/year from Stanford, $20,000 total from Columbia, and about $7,000/year from Boalt.  I really, really feel comfortable at NYU though, and do plan on going into public service.  Is it ridiculous for me just to go for it and prepare to take out $180,000 in loans???  They do have a good LRAP program, although I feel as if I never really understand all the details...

I sat down and read the LRAP fine print, so ask me if you have any questions.
The main thing I noticed is that you have to apply every year to get approved for a loan from NYU. After five years in the program, those loans (for the past 5 years) will be forgiven. And, at the end of every year after that you will have that one-year loan forgiven. So don't count on LRAP if there is a chance you may change your career choice before the 5 years are up--otherwise you have a hefty loan at 8% to pay back.