Granted this is only in terms of scholarship money, not in school prestige, rank, or job prospects that may be effected by school choice. Just a thought that some of you might want to consider...
*edit for typo*
I understand what you're trying to say, but excluding considerations of rank/prestige/job prospects is missing the point entirely. People are lured away from great schools where the job prospects are substantially better under the false pretense of having their education entirely paid for; this could be a deciding factor for some people, as it significantly reduces the pressure of having to find a job immediately or having to settle for a job they don't want. f you take away the money, the entire appeal of of Cardozo (for some people) disappears because they end up having to pay for school regardless, and are under even more pressure to find a great paying job because they are trying to pay off the same amount of money in loans but with a less prestigious name (not to mention class rank) on their degree.
so you're not actually saving money in the long run, but rather running the risk of putting yourself in a less favorable financial situation.