I'm almost sure that I'm heading to NYU but I'm debating whether to defer for a year or just go. If I defer, I can put away about 10-15k (along with another year of pension), but I'm wondering whether that really will matter in the long run (especially as tuition hikes may offset some of that savings). Also, at NYU, if you defer you can reapply for scholarships, which I would do as well, since they gave me zilch. Any advice?
Actually, I was in your boat last year. (and wish now that I had looked for this forum) I deferred NYU, and worked for a year, in NYC. You are right that the tuition/cost of living increases do kind of negate the savings difference, over three years. However, I would have been coming in to NYU just out of undergrad, and am glad to have had the time to think about things other than school, get a couple of good references (from a law firm- I paralegaled) get some experience with what a firm is actually like, etc. I definitely feel better prepared, so it was helpful. If you've already been out for a year or more, that might not apply to you. Oh, scholarship stuff was no different for me. over the two years.
Yeah, no money in either caseif you want to go to a firm, it sounds like deferring only makes financial sense if you make a comprable salary to what a firm makes right now, or you expect to make a killing on your 401k in the next three yearsOn the other hand, if you want to do public law or academia, deferring a year might be helpful, although rising cost of living (and possibly interest rates) are something to consider.
Sure. My numbers were 3.42/180.I get the same sense as you regarding people with good numbers getting nothing. I knew people who got money from schools as good as Chicago, and nothing from NYU. It is probably in part because a majority of their financial aid money goes to LRAP.