You have an 85% chance of losing your scholarship. Okay you knew that already but NYLS gives out a lot of money in the first year to attract students, because their sticker price is so ridiculous. Are you comfortable with the possibility of the different cost scenarios if your scholarship decreases or gets lost in the following 2 years? Do you have any other options in the NY area?
Believe it or not, I'm fully prepared for the one and done scholarship. SJU offered me $12500/yr and Seton Hall offered $10,000/yr.. NYLS blew those offers out of the water. The idea that the NYLS "sticker price is ridiculous" is a myth. Cardozo, SJU, SH and Brooklyn are a couple thousand dollars per year less (NYU and Columbia are comparable), and NYLS guarantees tuition at a fixed dollar number for all 3 years.
So lets say that SJU costs 40K and it goes up to 42K and 44K... that's 126K in tuition. I get 37500 if I do pretty well, not top of the class, but still well. that's $88K in tuition. At BEST. At NYLS, the tuition is roughly 42K.. that means that the tuition for all 3 years (again, guaranteed at that price) ends up the same as at SJU.. 126K. Now I will get 30K automatically, that's guaranteed. So the MOST I'll be paying in tuition at NYLS is 96K. Yes, that's more than at SJU, but if I do decent at NYLS I would still get a little knocked off. If I do incredibly well (unlikely), then I will get 90K over 3 years, and pay 36K in tuition. Though not likely, it's possible I could pay over 50K less to attend NYLS.
So what am I risking? The name/rank difference between SJU and NYLS, which some say is huge, and others say is minimal at best. But the payoff could be big. Calculated risk, I figure.
I understand that most have more options, but due to unusual circumstances, NYLS is my best bet. I didn't get into 'Dozo, which bummed me out, and Brooklyn waitlisted me (i.e. no money either way). I like to think that I've really thought this out and that it makes sense.. so let me know if off my rocker
I just checked LSN and it looks like you have the same offer from NYLS, which makes sense - as we're close in numbers. Are you leaning any way? You haven't updated in 2 mos, I'm curious
Either way, thanks for the input, it always helps!