Hey everyone so I was recently admitted to NYU off of the wait list. Im so happy but now I face a tough choice. They say they don't have any more merit aid but they do still have need based aid. (If anyone is eligible for financial aid its me) Regardless NYU is my dream school and my goal is big law in NYC. So i have a few questions
1. Does anyone know how NYU is with need aid?
2. Would I be completely stupid to turn down Gtown's offer for NYU? (Also I could live with family in NY and save on COL)
3. Would the fact that I was admitted off of the wait list mean I'm less likely to be successful at NYU?
I really want NYU but I don't want to make a stupid decision so any insight would be great. Thank you!
1. I'm pretty sure that with the exception of something like An-Bryce, there isn't any such thing as need-based aid at NYU (I could be wrong on this though).
2. Not necessarily. The question is how much do you want to risk being $100k in debt with no job/LRAP that will help you deal with it? There is probably less than a 50% chance of getting biglaw from Georgetown, at NYU 80% of people who tried to get biglaw jobs last fall got them. That said, $100k is payable with the $50k or so non-big law salary if you get at least some job from Georgetown (which most do, even if they aren't big law) but it won't be pleasant. Paying down that extra $105k from NYU, even with big law, is probably equally unpleasant. Basically if you go to NYU and you kill it, you might regret spending the extra $105k. If you go to NYU and you are median or below, you might feel relieved that you did.
3. Waitlist means nothing when it comes to performance. Pretty sure the top student in my section last semester was waitlisted. Waitlist acceptees have the same potential to succeed at NYU as the regular admits, they usually just hurt the numbers. I mean if the reason you got a 3.3 was poor study habits and you continue those poor study habits in law school, then yes you probably won't do as well (or if someone were waitlisted due to a low LSAT score and that low LSAT score was the result of crippling test anxiety, if that doesn't change that person also probably won't do well). A 177 demonstrates that you are either really good at test performance and/or that you were capable for that one time to do what you needed to do to outperform most people. If you can channel whatever made that successful into law school, you should be fine.