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Please help with my decision!!!!

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bl825:
What are the relative price tags?  I know that NYLS is very expensive even without taking into account the cost of living in New York.  It looks like FIU charges a different in-state rate, is that right?

Of course I have no idea if money matters all that much to you, since you might be loaded for all I know.

confusedboutoptions:
FIU since its public the price is 12,000 a year, Nova is 31,000 and NYLS is 42,000. Im not worried about living expenses in NYC since I have a family member that is willing to only let me pay utilities for their apartment however I am super worried about tuition costs and taken out loans but since I don't have any loans for undergraduate since I had a full ride, I thought that it would be ok to take out a few. I am so confused, looking at these prices make me feel that FIU may be the right choice but since its such a new school and with the limited amount of funding now in Florida, FIU has had to close down their education department for lack of money. I dunno....so confused?

bl825:
I think that going to a Florida school would give you a better chance of finding a good job in Florida, since it will give you the opportunity to build contacts in the legal community while you're in school.  And I think taking out a few loans is okay, but for three years at NYLS, even living rent-free we're probably talking about a good $150k-$160k.  After taxes, I think that comes out to $2000 in student loan repayment a month (this is based on a rule of thumb that I was told about where every $10k of debt equals about $125 a month in loan payments; obviously it varies a bit based on prevailing interest rates).  Are you comfortable with that kind of debt?

UnbiasedObserver:

--- Quote from: bl825 on April 30, 2009, 09:11:58 AM ---I think that going to a Florida school would give you a better chance of finding a good job in Florida, since it will give you the opportunity to build contacts in the legal community while you're in school.  And I think taking out a few loans is okay, but for three years at NYLS, even living rent-free we're probably talking about a good $150k-$160k.  After taxes, I think that comes out to $2000 in student loan repayment a month (this is based on a rule of thumb that I was told about where every $10k of debt equals about $125 a month in loan payments; obviously it varies a bit based on prevailing interest rates).  Are you comfortable with that kind of debt?

--- End quote ---

Exactly.

Also, the OP would be mostly limited to working in NYC and the surrounding areas.  Even if the OP gets paid $60,000-$70,000/yr. right out of law school (which I would say would be a stretch), paying $2,000/yr. in student loan payments, in addition to footing the high cost-of-living in NYC, probably isn't worth it to most people!

The OP's concern about FIU being a new school is well-founded, however.  As the OP said, though, FIU is dirt-cheap and the OP owes no money from undergrad., so it's not as large of a risk as it would be to others.  (Although it's still a risk.)

If I were you, I'd get firm numbers about the employment statistics from FIU, and also check out law firm websites and see where FIU graduates end up.  That'll help you decide if FIU is right for you. 

confusedboutoptions:
Not at all!!!!! I will be working just to make the loan payments especially coming out of one of the lower tier schools. I am suppose to get the financial aid package this afternoon from NYLS...I will see what I get and if its not enough then I think I will make my decision to go to school in Florida and maybe look into a part time vs full time program so I can take the job offer and work part time as well. What do you think?

I will look into the job placement on the FIU website and call NYLS to ask about the job placement stats as well. Thanks for all your help!!!

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