dc_diva wrote:Thanks everyone! I'm going to do a deeper dive on the numbers this weekend as was suggested. Hopefully this makes things a bit more clear!
If you're certain you're going to go into PI work, then take a good hard look at all three school's LRAP programs. That's more important than scholarship IF you are certain you're going into PI. I have a buddy who went to Georgetown and now works for HUD, with his student loans completely covered because of the LRAP they offered. Considering you have a decent scholarship to GULC, and would have LRAP to cover the rest (assuming PI) GULC is probably a good bet for you. But all three of the schools that are being mentioned, NYU, GULC, and Michigan have good-great LRAP programs. By using those LRAP programs out of school, on a $65,000 salary, your monthly payment would be $48 at Michigan, $0 at NYU or Georgetown. https://docs.google.com/spreadsheets/d/ ... 1769017008
Many commenters on TLS focus entirely on debt numbers, but if someone is going into PI, the more important figures are the LRAP numbers. I'd suggest that when you do the deep dive on numbers, focus primarily on LRAP.
That being said, if you're still trying to keep options open for BigLaw/Fed Clerk, then ignore the above, since the LRAP won't apply to you. In the event those are part of the plan, then go to the school that gives you the best chance at each of these.https://www.lstreports.com/schools/nyu/
62.5% Biglaw + 5.6% Fed Clerk = 68.1% (with 18.8% PI)https://www.lstreports.com/schools/michigan/
50.8% Biglaw + 10.2% Fed Clerk = 61.0% (with 12.7% PI)https://www.lstreports.com/schools/gulc/
40.6% Biglaw + 3.5% Fed Clerk = 44.1% (with 19.6% PI)
The numbers do actually paint a good picture. If you want to have a good chance at Biglaw or a Federal Clerkship, then NYU or Michigan are much better than Georgetown, but if PI is actually what you want to do, the LRAP's at NYU and Georgetown are comparable, and Georgetown has offered you a better scholarship. If I were in your shoes, I would first determine how near to my heart PI work is. If it's something you know you want to do, Georgetown is probably best. If it's something you think you want to do but aren't sure, it is equally accessible coming out of NYU, so go with NYU. If you think you are leaning toward aiming for Biglaw/Federal Clerkship, NYU is probably best.