NYU($) or Columbia ... by Tomorrow

(Rankings, Profiles, Tuition, Student Life, . . . )
Weaselfish
Posts: 21
Joined: Mon Oct 10, 2011 6:02 pm

NYU($) or Columbia ... by Tomorrow

Postby Weaselfish » Thu Apr 30, 2015 1:48 pm

I like both NYU and Columbia, but all else being equal I would prefer to go to Columbia. I just recently received the news that I would be receiving $37.5k from NYU whereas I have no offers from Columbia. My total debt at repayment for each is as follows (I have some outside help/savings):

NYU - ~$66,000
Columbia - ~$101,000

My tentative goal right now is to shoot for Big Law, at least to start out my career. Are opportunities at the two schools so similar that the $35k difference makes it worth going to NYU?

User avatar
OhBoyOhBortles
Posts: 2257
Joined: Wed Oct 22, 2014 10:01 am

Re: NYU($) or Columbia ... by Tomorrow

Postby OhBoyOhBortles » Thu Apr 30, 2015 1:49 pm

NYU. Congrats!

User avatar
usn26
Posts: 800
Joined: Tue Jan 13, 2015 5:24 pm

Re: NYU($) or Columbia ... by Tomorrow

Postby usn26 » Thu Apr 30, 2015 1:54 pm

NYU

User avatar
transferror
Posts: 816
Joined: Sat Jan 25, 2014 5:42 pm

Re: NYU($) or Columbia ... by Tomorrow

Postby transferror » Thu Apr 30, 2015 1:56 pm

Weaselfish wrote:My tentative goal right now is to shoot for Big Law, at least to start out my career. Are opportunities at the two schools so similar that the $35k difference makes it worth going to NYU?


Yes

Weaselfish wrote:I like both NYU and Columbia, but all else being equal I would prefer to go to Columbia


All else isn't equal

User avatar
transferror
Posts: 816
Joined: Sat Jan 25, 2014 5:42 pm

Re: NYU($) or Columbia ... by Tomorrow

Postby transferror » Thu Apr 30, 2015 2:13 pm

Also just re-read the OP and realized that it's 37.5k TOTAL from NYU, not per year. That means that you've got huge outside help/savings. I'm not sure either is the best call but whatever. If a significant portion of the 150k+ non-debt financing is coming out of your savings, it's probably more prudent to go to Cornell with $$ and pocket most of your savings.

User avatar
OhBoyOhBortles
Posts: 2257
Joined: Wed Oct 22, 2014 10:01 am

Re: NYU($) or Columbia ... by Tomorrow

Postby OhBoyOhBortles » Thu Apr 30, 2015 2:14 pm

transferror wrote:Also just re-read the OP and realized that it's 37.5k TOTAL from NYU, not per year. That means that you've got huge outside help/savings. I'm not sure either is the best call but whatever. If a significant portion of the 150k+ non-debt financing is coming out of your savings, it's probably more prudent to go to Cornell with $$ and pocket most of your savings.


+1.

JFO1833
Posts: 261
Joined: Fri Oct 17, 2014 2:06 pm

Re: NYU($) or Columbia ... by Tomorrow

Postby JFO1833 » Thu Apr 30, 2015 2:16 pm

Housing at NYU is more expensive, make sure you have accounted for that. Not 37.5k more expensive, but more.

kaiser
Posts: 2940
Joined: Mon May 09, 2011 11:34 pm

Re: NYU($) or Columbia ... by Tomorrow

Postby kaiser » Thu Apr 30, 2015 2:18 pm

NYU. Easy choice given the 35K disparity. If you were talking a 5 or 10K difference, I could see letting your preference for Columbia make up the difference. But there is no difference between the schools that would justify throwing away 35K. Biglaw prospects out of both schools are fantastic, and nearly identical.

UpandDown97
Posts: 172
Joined: Thu Apr 30, 2015 2:07 pm

Re: NYU($) or Columbia ... by Tomorrow

Postby UpandDown97 » Thu Apr 30, 2015 2:20 pm

A potentially good way to look at it is this: 35k is probably one more "required" year of Big Law. Better said, you'd have to stay in Big Law for one more year.

Is 1 year of living shitty worth saying you went to Columbia?

wons
Posts: 209
Joined: Fri Dec 22, 2006 7:25 pm

Re: NYU($) or Columbia ... by Tomorrow

Postby wons » Thu Apr 30, 2015 2:23 pm

Factoring in higher COL at NYU, this is like a $25K difference. IMO, that's a pick'em if you want Biglaw, where CLS has an ever-so-slight placement advantage.

User avatar
NoBladesNoBows
Posts: 1118
Joined: Fri Aug 22, 2014 7:39 pm

Re: NYU($) or Columbia ... by Tomorrow

Postby NoBladesNoBows » Thu Apr 30, 2015 2:25 pm

Last edited by NoBladesNoBows on Mon May 11, 2015 2:12 pm, edited 1 time in total.

Weaselfish
Posts: 21
Joined: Mon Oct 10, 2011 6:02 pm

Re: NYU($) or Columbia ... by Tomorrow

Postby Weaselfish » Thu Apr 30, 2015 2:25 pm

Thanks for the replies so far! I used LST's debt calculator, so cost of living should be included (I think). Most of the outside help is coming from my parents, alongside a chunk coming from myself. I got waitlisted at many lower ranked schools, and Cornell didn't send any money my way. Strange cycle, but I'm set on NYC.

User avatar
Clemenceau
Posts: 857
Joined: Wed Jul 02, 2014 11:33 am

Re: NYU($) or Columbia ... by Tomorrow

Postby Clemenceau » Thu Apr 30, 2015 2:39 pm

The higher col at nyu is offset by slightly higher tuition+fees at cls

LSTs total coa at each is literally within dollars of each other

User avatar
transferror
Posts: 816
Joined: Sat Jan 25, 2014 5:42 pm

Re: NYU($) or Columbia ... by Tomorrow

Postby transferror » Thu Apr 30, 2015 3:06 pm

Weaselfish wrote:Thanks for the replies so far! I used LST's debt calculator, so cost of living should be included (I think). Most of the outside help is coming from my parents, alongside a chunk coming from myself. I got waitlisted at many lower ranked schools, and Cornell didn't send any money my way. Strange cycle, but I'm set on NYC.


Well in that case I go back to my first answer: NYU.
In a vacuum, that's a great price for CLS but you haven't given us a compelling reason to justify paying the extra $$

User avatar
tlsapp2017
Posts: 205
Joined: Thu Feb 13, 2014 4:14 am

Re: NYU($) or Columbia ... by Tomorrow

Postby tlsapp2017 » Thu Apr 30, 2015 3:20 pm

You said that, all else equal, you would prefer Columbia. Do you have some specific reasons why? If you think that you'd be happier at CLS (you liked the people, you don't want to live/be downtown, etc.), that may be a compelling reason to choose it over NYU at that price difference. If not (e.g. you prefer the name, or something stupid/trivial like that), definitely go to NYU.

kaiser
Posts: 2940
Joined: Mon May 09, 2011 11:34 pm

Re: NYU($) or Columbia ... by Tomorrow

Postby kaiser » Thu Apr 30, 2015 3:30 pm

I'm also trying to figure out what is up against that 35K. Think of a scale. One one side you have a stack of cash totaling 35K. What is on the other side that outweighs it? I'm just not seeing it, unless there is more info you haven't revealed yet.

User avatar
Skool
Posts: 1028
Joined: Mon Dec 23, 2013 3:26 pm

Re: NYU($) or Columbia ... by Tomorrow

Postby Skool » Thu Apr 30, 2015 3:31 pm

JFO1833 wrote:Housing at NYU is more expensive, make sure you have accounted for that. Not 37.5k more expensive, but more.
Why do people keep making this comparison regarding cost of living, as if you HAVE to live in the village or the NYU dorms if you go to NYU.

NYU is at the the narrow end of the island and most of the major express subway lines run within five minute walking distance of the campus. You can easily find a more affordable apartment uptown or in brooklyn and commute to the village with a 20-30 minute commute (one way). Theyre in the same city, as an NYU student, I can keep my cost of living as law as a Columbia student and vice versa.

User avatar
tlsapp2017
Posts: 205
Joined: Thu Feb 13, 2014 4:14 am

Re: NYU($) or Columbia ... by Tomorrow

Postby tlsapp2017 » Thu Apr 30, 2015 4:38 pm

Skool wrote:
JFO1833 wrote:Housing at NYU is more expensive, make sure you have accounted for that. Not 37.5k more expensive, but more.
Why do people keep making this comparison regarding cost of living, as if you HAVE to live in the village or the NYU dorms if you go to NYU.

NYU is at the the narrow end of the island and most of the major express subway lines run within five minute walking distance of the campus. You can easily find a more affordable apartment uptown or in brooklyn and commute to the village with a 20-30 minute commute (one way). Theyre in the same city, as an NYU student, I can keep my cost of living as law as a Columbia student and vice versa.


Columbia provides subsidized apartment housing; NYU's housing is dorm-style, and more expensive. That doesn't mean that you can't find off-campus affordable housing, but it's not easy to find off-campus housing for less than $1000 per month (utilities included) unless you want to move to NJ, which may effect quality of life (which also matters). That being said, as the poster above admitted, it's not 37.5k more expensive, or even close.

michlaw
Posts: 146
Joined: Tue Mar 08, 2011 8:49 pm

Re: NYU($) or Columbia ... by Tomorrow

Postby michlaw » Thu Apr 30, 2015 4:57 pm

If you don't think CLS is worth 12 k a year more go to NYU. Then go see a psychiatrist.

03152016
Posts: 9189
Joined: Wed Dec 21, 2011 3:14 am

Re: NYU($) or Columbia ... by Tomorrow

Postby 03152016 » Thu Apr 30, 2015 5:05 pm

nyu col is higher, but cls tuition is higher. therefore coa is almost identical
also as skool said, plenty of people save money by not dorming, esp older students such as myself
opportunities are substantially similar for bl. if your main consideration is cost and placement, go to the cheaper school

User avatar
rpupkin
Posts: 3864
Joined: Mon Dec 09, 2013 10:32 pm

Re: NYU($) or Columbia ... by Tomorrow

Postby rpupkin » Thu Apr 30, 2015 5:40 pm

michlaw wrote:If you don't think CLS is worth 12 k a year more go to NYU. Then go see a psychiatrist.

Solid contribution.

User avatar
Skool
Posts: 1028
Joined: Mon Dec 23, 2013 3:26 pm

Re: NYU($) or Columbia ... by Tomorrow

Postby Skool » Thu Apr 30, 2015 5:49 pm

tlsapp2017 wrote:
Skool wrote:
JFO1833 wrote:Housing at NYU is more expensive, make sure you have accounted for that. Not 37.5k more expensive, but more.
Why do people keep making this comparison regarding cost of living, as if you HAVE to live in the village or the NYU dorms if you go to NYU.

NYU is at the the narrow end of the island and most of the major express subway lines run within five minute walking distance of the campus. You can easily find a more affordable apartment uptown or in brooklyn and commute to the village with a 20-30 minute commute (one way). Theyre in the same city, as an NYU student, I can keep my cost of living as law as a Columbia student and vice versa.


Columbia provides subsidized apartment housing; NYU's housing is dorm-style, and more expensive. That doesn't mean that you can't find off-campus affordable housing, but it's not easy to find off-campus housing for less than $1000 per month (utilities included) unless you want to move to NJ, which may effect quality of life (which also matters). That being said, as the poster above admitted, it's not 37.5k more expensive, or even close.
I would only add that Columbia seems to be estimating monthly room/utility expenses at $1356. I am confident I can find a place (including utilities) somewhere on the 123/ACE/BD/456 (to get to NYU) for at or less than that amount. I might have to find a roommate (whereas Columbia estimates it for a single), but it can certainly be done without needing to go to NJ or significantly hurt quality of life.

03152016
Posts: 9189
Joined: Wed Dec 21, 2011 3:14 am

Re: NYU($) or Columbia ... by Tomorrow

Postby 03152016 » Thu Apr 30, 2015 5:57 pm

how are people not understanding that nyu does not cost more than cls

nyu's col is $4k higher than cls col
cls's tuition is $4k higher than nyu tuition
so it comes out to be exactly even

lst debt financed at repayment is 317,429 for cls
and it's 317,426 at nyu
there is obviously intentional matching between the schools
they cost the same, before you factor in aid

so 37.5k more in aid literally means 37.5k less in cost
that's roughly 45k less in debt at repayment
and $67k less in total payments made on a standard 10 year plan
(numbers via lawschool22 cost calculator)

03152016
Posts: 9189
Joined: Wed Dec 21, 2011 3:14 am

Re: NYU($) or Columbia ... by Tomorrow

Postby 03152016 » Thu Apr 30, 2015 6:03 pm

@skool
yea it's easy to work within that budget
i've been commuting into manhattan since i moved here in 2010. lots of people take the subway in nyc
having to commute from, say, brooklyn is nbd. i do it and i know lots of others here who do to
my apt costs under $800/mo with only a single roomie, and i have much more room than if i were to dorm. when i lived in bushwick my rent was under $500 (with three roomies tho). there are reasonable options in the outer boroughs

03152016
Posts: 9189
Joined: Wed Dec 21, 2011 3:14 am

Re: NYU($) or Columbia ... by Tomorrow

Postby 03152016 » Thu Apr 30, 2015 6:05 pm

if there's interest by op or other posters i'd be happy to go into which neighborhoods are best for nyu commuters and prices i've paid in previous apts




Return to “Choosing a Law School”

Who is online

Users browsing this forum: Specter1389 and 3 guests