Yes, it seems that any additional need-based grants are based on the information they gather from NeedAccess and coordinated by Financial Aid some time in March. I spoke with my assigned admissions dean earlier this morning (I had e-mailed him for assistance with locating affordable housing, since I can't live on campus with my pets, and he was nice enough to call me directly in response), and he provided me with some information on grants... He essentially said not to count on need-based grants, since they don't give many of those out, but that it is a possibility. I honestly think, based on my conversation with him, that we're more likely to see an increase in our scholarships once people withdraw than any substantial need-based grants from Financial Aid. He was very helpful, though- that's one thing that I'll be sad to walk away from if I can't get the money to make Brooklyn possible. Everyone has been so helpful and friendly. Which is certainly not a universal experience when contacting an admissions office- haha.
I just have a hard time justifying over $150k in debt to attend a school in a city with so much competition from higher ranked schools, not only in the area (NYU, Columbia) but from T14 schools as well. My goal is not to make big money... I have no desire to go into "biglaw" like many other people on TLS are aiming for... But I do want to at least be comfortable financially and in a career where I'm doing meaningful work. I don't think that will be possible with that much debt on top of my undergrad loans...
So I'll keep my fingers crossed for scholarship increases for both of us!
Oh, I definitely agree with what you said about holding out for increases in scholly $ rather than need-based grants. And if past years are any indication, that seems like a good possibility as people withdraw and put their money back in the pool.
I'm just concerned about FAFSA/needaccess because I haven't gotten my tax return info from the IRS yet. But that's a personal dilemma.
I'm also sitting on several undergrad loans and am not feeling good about adding too much to that. I never had my sights on biglaw (or big money, for that matter), but am unsettled by the weak prospects out there, in general. I feel that BK with considerable money would be worth it in the NY market - but 40% of tuition simply won't cut it, especially considering COL. I don't walk to way away either though! Not sure yet what my bottom line would be.. but I love BK and would love to attend. Just can't swallow too much more debt!
On a side note - under admissions counselor in my personal profile, it says unspecified. Has everyone else been assigned an admission's dean?