NYU Class of 2017 - We are real 1Ls now

(housing, friendships, future exams, all things 2017)
User avatar
moopness
Posts: 310
Joined: Fri Jul 16, 2010 8:56 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby moopness » Sun Feb 23, 2014 4:19 am

truckstop wrote:75th GPA, just below 75th LSAT, applied for merit and need, got $0. I'm pretty pissed off right now. They're like "this is what we expect your annual contribution to be, and here is the gap between the most amount of Stafford loans you can get and your annual contribution and it is more than you've ever earned in a year while working full-time." Looking pretty unlikely that I'm going to NYU at this point.

Are there not more loans you can take out?

User avatar
lawschool22
Posts: 3875
Joined: Thu Jul 25, 2013 5:47 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby lawschool22 » Sun Feb 23, 2014 4:56 am

moopness wrote:
truckstop wrote:75th GPA, just below 75th LSAT, applied for merit and need, got $0. I'm pretty pissed off right now. They're like "this is what we expect your annual contribution to be, and here is the gap between the most amount of Stafford loans you can get and your annual contribution and it is more than you've ever earned in a year while working full-time." Looking pretty unlikely that I'm going to NYU at this point.

Are there not more loans you can take out?


Yeah that is what GradPlus loans are for

User avatar
moopness
Posts: 310
Joined: Fri Jul 16, 2010 8:56 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby moopness » Sun Feb 23, 2014 5:25 am

lawschool22 wrote:
moopness wrote:
truckstop wrote:75th GPA, just below 75th LSAT, applied for merit and need, got $0. I'm pretty pissed off right now. They're like "this is what we expect your annual contribution to be, and here is the gap between the most amount of Stafford loans you can get and your annual contribution and it is more than you've ever earned in a year while working full-time." Looking pretty unlikely that I'm going to NYU at this point.

Are there not more loans you can take out?


Yeah that is what GradPlus loans are for

Are GradPlus loans that bad that it wouldn't be worth going because of it?

EvMont
Posts: 285
Joined: Tue Aug 20, 2013 8:21 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby EvMont » Sun Feb 23, 2014 9:38 am

moopness wrote:
lawschool22 wrote:
moopness wrote:
truckstop wrote:75th GPA, just below 75th LSAT, applied for merit and need, got $0. I'm pretty pissed off right now. They're like "this is what we expect your annual contribution to be, and here is the gap between the most amount of Stafford loans you can get and your annual contribution and it is more than you've ever earned in a year while working full-time." Looking pretty unlikely that I'm going to NYU at this point.

Are there not more loans you can take out?


Yeah that is what GradPlus loans are for

Are GradPlus loans that bad that it wouldn't be worth going because of it?


Pretty sure the point is that (s)he doesn't want to pay sticker when (s)he's at both 75ths.

User avatar
lawschool22
Posts: 3875
Joined: Thu Jul 25, 2013 5:47 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby lawschool22 » Sun Feb 23, 2014 11:20 am

EvMont wrote:Pretty sure the point is that (s)he doesn't want to pay sticker when (s)he's at both 75ths.


Right, I was just answering the other question. I agree that a 75/75 should never pay sticker and I don't think he/she will. Don't give up hope yet. You can and should negotiate that up. They know what you're worth.

truckstop
Posts: 76
Joined: Thu Dec 12, 2013 12:26 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby truckstop » Sun Feb 23, 2014 12:20 pm

EvMont wrote:
moopness wrote:
lawschool22 wrote:
moopness wrote:Are there not more loans you can take out?


Yeah that is what GradPlus loans are for

Are GradPlus loans that bad that it wouldn't be worth going because of it?


Pretty sure the point is that (s)he doesn't want to pay sticker when (s)he's at both 75ths.


Exactly. There ARE other loans I can take out to bridge the gap, but I feel like I shouldn't have to take out quite that much in loans. And as someone else mentioned, it feels hard to start negotiating up from zero. I think I'll have an easier time with initial offers from other schools (hopefully). But we'll see!

User avatar
Synch
Posts: 166
Joined: Tue Jan 21, 2014 11:33 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby Synch » Sun Feb 23, 2014 12:45 pm

Truckstop - couldn't agree more. As much as I would like, in theory, to attend, it's not worth $270k. Or more.

User avatar
cotiger
Posts: 1648
Joined: Tue Jul 23, 2013 11:49 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby cotiger » Sun Feb 23, 2014 12:57 pm

Synch wrote:Truckstop - couldn't agree more. As much as I would like, in theory, to attend, it's not worth $270k. Or more.


COA was $81k last year. This year it'll probably be around $84k (3.7% increase). If COA continues to increase at 3.5%, that's over $320,000 owed at repayment.

User avatar
lawschool22
Posts: 3875
Joined: Thu Jul 25, 2013 5:47 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby lawschool22 » Sun Feb 23, 2014 3:12 pm

cotiger wrote:
Synch wrote:Truckstop - couldn't agree more. As much as I would like, in theory, to attend, it's not worth $270k. Or more.


COA was $81k last year. This year it'll probably be around $84k (3.7% increase). If COA continues to increase at 3.5%, that's over $320,000 owed at repayment.


Cotiger I'm curious as to how accurate you think that COA number is. I've tried to put together a rough budget and I come in a few thousand under that. The $81k is for 9 months correct?

User avatar
cotiger
Posts: 1648
Joined: Tue Jul 23, 2013 11:49 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby cotiger » Sun Feb 23, 2014 3:24 pm

lawschool22 wrote:
cotiger wrote:
Synch wrote:Truckstop - couldn't agree more. As much as I would like, in theory, to attend, it's not worth $270k. Or more.


COA was $81k last year. This year it'll probably be around $84k (3.7% increase). If COA continues to increase at 3.5%, that's over $320,000 owed at repayment.


Cotiger I'm curious as to how accurate you think that COA number is. I've tried to put together a rough budget and I come in a few thousand under that. The $81k is for 9 months correct?


That's the 9 monther given by the school. Honestly, COL is going to vary drastically based on where you choose to live. 3BR in Bushwick ($800) vs 1BR right next to campus ($2400) is an almost $20,000 twelve-month difference right there. Moreso than other places, COL in NYC is hugely variable, so there's really not an "accurate" COL number.

If you want to send me what you're thinking, I'd be more than happy to tell you if it looks reasonable.

User avatar
cotiger
Posts: 1648
Joined: Tue Jul 23, 2013 11:49 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby cotiger » Sun Feb 23, 2014 3:57 pm

But broadly, their COL number is pretty accurate if you're living near-ish campus and being budget conscious but not a complete ascete. So, basically being a normal student.

User avatar
moopness
Posts: 310
Joined: Fri Jul 16, 2010 8:56 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby moopness » Sun Feb 23, 2014 6:22 pm

So expensive T_T

User avatar
jingosaur
Posts: 2222
Joined: Fri Jan 04, 2013 10:33 am

Re: NYU Class of 2017 - New Photos in OP!

Postby jingosaur » Sun Feb 23, 2014 6:22 pm

cotiger wrote:But broadly, their COL number is pretty accurate if you're living near-ish campus and being budget conscious but not a complete ascete. So, basically being a normal student.


I've heard that schools generally inflate their cost-of-living numbers so that students can borrow more money than really needed just to be safe. That being said, there will definitely be lots of law school class of 2017 students with 300k+ in debt.

User avatar
lawschool22
Posts: 3875
Joined: Thu Jul 25, 2013 5:47 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby lawschool22 » Sun Feb 23, 2014 6:56 pm

jingosaur wrote:
cotiger wrote:But broadly, their COL number is pretty accurate if you're living near-ish campus and being budget conscious but not a complete ascete. So, basically being a normal student.


I've heard that schools generally inflate their cost-of-living numbers so that students can borrow more money than really needed just to be safe. That being said, there will definitely be lots of law school class of 2017 students with 300k+ in debt.


This makes my current debt estimate not look as bad lol :D. I still need to negotiate a much bigger scholarship.

User avatar
cotiger
Posts: 1648
Joined: Tue Jul 23, 2013 11:49 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby cotiger » Sun Feb 23, 2014 7:12 pm

jingosaur wrote:
cotiger wrote:But broadly, their COL number is pretty accurate if you're living near-ish campus and being budget conscious but not a complete ascete. So, basically being a normal student.


I've heard that schools generally inflate their cost-of-living numbers so that students can borrow more money than really needed just to be safe. That being said, there will definitely be lots of law school class of 2017 students with 300k+ in debt.


Oh sure, it's not too difficult to get under the COL. They budgeted $22,396 last year for the nine months. If you live out in lower-rent Brooklyn with multiple roommates (commute ~35 minutes by subway), and rarely go out to eat or drink, then you could get that down to around $16,000.

But if you want, say, a studio in the LES (commute ~10 minutes by bike, 15 minutes by subway, or 20 minutes by foot), and be able to go out a little more often, that COL is going to rise to more like $26,000.

Change the LES studio to the East Village with a roommate (same commute), again with going out a moderate amount, and you're right at that $22,000 COL.

Variants of that third option is what I imagine is a pretty typical 1L experience.

User avatar
schnaupal
Posts: 44
Joined: Wed Dec 11, 2013 8:27 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby schnaupal » Sun Feb 23, 2014 7:30 pm

Deleted.
Last edited by schnaupal on Mon Feb 24, 2014 9:24 am, edited 1 time in total.

User avatar
Howl
Posts: 293
Joined: Fri Jan 20, 2012 1:11 am

Re: NYU Class of 2017 - New Photos in OP!

Postby Howl » Sun Feb 23, 2014 10:56 pm

I'm sorry if this has been posted in this thread already, but how are people finding housing for the admitted students weekends? I didn't see anything in the confirmation e-mail about housing...

User avatar
lawschool22
Posts: 3875
Joined: Thu Jul 25, 2013 5:47 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby lawschool22 » Sun Feb 23, 2014 11:02 pm

Howl wrote:I'm sorry if this has been posted in this thread already, but how are people finding housing for the admitted students weekends? I didn't see anything in the confirmation e-mail about housing...


I think you're on your own for housing.

User avatar
Howl
Posts: 293
Joined: Fri Jan 20, 2012 1:11 am

Re: NYU Class of 2017 - New Photos in OP!

Postby Howl » Sun Feb 23, 2014 11:48 pm

lawschool22 wrote:
Howl wrote:I'm sorry if this has been posted in this thread already, but how are people finding housing for the admitted students weekends? I didn't see anything in the confirmation e-mail about housing...


I think you're on your own for housing.


Yeah I figured as much :( I wish they would give us an option to stay with a current student or something if they're requiring us to come to campus for a scholly interview, though.

User avatar
lawschool22
Posts: 3875
Joined: Thu Jul 25, 2013 5:47 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby lawschool22 » Sun Feb 23, 2014 11:51 pm

Howl wrote:
lawschool22 wrote:
Howl wrote:I'm sorry if this has been posted in this thread already, but how are people finding housing for the admitted students weekends? I didn't see anything in the confirmation e-mail about housing...


I think you're on your own for housing.


Yeah I figured as much :( I wish they would give us an option to stay with a current student or something if they're requiring us to come to campus for a scholly interview, though.


Well tbf they're requiring you to come on campus for an interview that could be worth $160k. So I could see why they would think you'd want to come irrespective of whether or not they provide housing :D

User avatar
jingosaur
Posts: 2222
Joined: Fri Jan 04, 2013 10:33 am

Re: NYU Class of 2017 - New Photos in OP!

Postby jingosaur » Sun Feb 23, 2014 11:54 pm

cotiger wrote:
jingosaur wrote:
cotiger wrote:But broadly, their COL number is pretty accurate if you're living near-ish campus and being budget conscious but not a complete ascete. So, basically being a normal student.


I've heard that schools generally inflate their cost-of-living numbers so that students can borrow more money than really needed just to be safe. That being said, there will definitely be lots of law school class of 2017 students with 300k+ in debt.


Oh sure, it's not too difficult to get under the COL. They budgeted $22,396 last year for the nine months. If you live out in lower-rent Brooklyn with multiple roommates (commute ~35 minutes by subway), and rarely go out to eat or drink, then you could get that down to around $16,000.

But if you want, say, a studio in the LES (commute ~10 minutes by bike, 15 minutes by subway, or 20 minutes by foot), and be able to go out a little more often, that COL is going to rise to more like $26,000.

Change the LES studio to the East Village with a roommate (same commute), again with going out a moderate amount, and you're right at that $22,000 COL.

Variants of that third option is what I imagine is a pretty typical 1L experience.


I'm sure there are kids who borrow the full COA and then get a studio in Greenwich, which I assume costs $3000 per month.

User avatar
cotiger
Posts: 1648
Joined: Tue Jul 23, 2013 11:49 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby cotiger » Mon Feb 24, 2014 1:09 am

jingosaur wrote:I'm sure there are kids who borrow the full COA and then get a studio in Greenwich, which I assume costs $3000 per month.


a) You can get a 1BR for around $2400/mo.

b) That's still completely insane.

c) I'm sure you're right about that.

User avatar
SFrost
Posts: 373
Joined: Thu Jan 16, 2014 3:32 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby SFrost » Mon Feb 24, 2014 6:30 am

This financial aid stuff is scaring me. Since I'm below the 25% LSAT and probably won't get any $ can someone convince me NYU is worth sticker?

User avatar
mylifeis24
Posts: 323
Joined: Tue Oct 29, 2013 3:23 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby mylifeis24 » Mon Feb 24, 2014 8:28 am

Howl wrote:
lawschool22 wrote:
Howl wrote:I'm sorry if this has been posted in this thread already, but how are people finding housing for the admitted students weekends? I didn't see anything in the confirmation e-mail about housing...


I think you're on your own for housing.


Yeah I figured as much :( I wish they would give us an option to stay with a current student or something if they're requiring us to come to campus for a scholly interview, though.


I know for the RTK scholarship they put you up in a hotel with other invited applicants for the interviews.

ejan1621
Posts: 87
Joined: Wed Oct 16, 2013 1:20 pm

Re: NYU Class of 2017 - New Photos in OP!

Postby ejan1621 » Mon Feb 24, 2014 11:34 am

Any word on Furman Academic Scholarship? Thanks!




Return to “TLS Class of 2017 Forum”

Who is online

Users browsing this forum: No registered users and 1 guest