NYU Law Class of 2016 Forum

[Big(Bird)Law]

I’m also split between D’Ag and Mercer and am curious how noisy the current students think the dorms are. My main concern is just being able to study/sleep in relative peace (I guess I’m a noise-sensitive person). A 2L in Mercer said his dorm is pretty quiet, and D’Ag feels more like a dorm, so I’m leaning towards Mercer atm.

[alex.feuerman]

I didn't get to attend any of the ASWs either so here's to hoping TLSers didn't lie to us in describing it as an amazing campus full of the best banners to ever come in contact with their eyes.

I wasn't a big fan of the campus - or lack thereof; you wouldn't know it was NYU's campus at all but for the banners - but the first ASW was awesome. NYU Law has a top-notch admissions department. I literally cried during one presentation because the speaker was so good.

Much better than Columbia's, but as the money goes...

You guys NYU's campus is NOT great. It's a bunch of brick buildings. But you don't understand, it's IN THE VILLAGE. Everything surrounding it....the buildings, the cafes, the shops, the restaurants, the peanut butter shops, the independent film theaters, the music venues, the parks....the CITY. That is your campus.

[Swimp]

I didn't get to attend any of the ASWs either so here's to hoping TLSers didn't lie to us in describing it as an amazing campus full of the best banners to ever come in contact with their eyes.

I wasn't a big fan of the campus - or lack thereof; you wouldn't know it was NYU's campus at all but for the banners - but the first ASW was awesome. NYU Law has a top-notch admissions department. I literally cried during one presentation because the speaker was so good.

Much better than Columbia's, but as the money goes...

You guys NYU's campus is NOT great. It's a bunch of brick buildings. But you don't understand, it's IN THE VILLAGE. Everything surrounding it....the buildings, the cafes, the shops, the restaurants, the peanut butter shops, the independent film theaters, the music venues, the parks....the CITY. That is your campus.

Plus, we're talking about law school. The time for daydreaming while sitting in the dappled sunlight under the cottonwood tree in the quad is over.

[sinfiery]

You guys NYU's campus is NOT great. It's a bunch of brick buildings. But you don't understand, it's IN THE VILLAGE. Everything surrounding it....the buildings, the cafes, the shops, the restaurants, the peanut butter shops, the independent film theaters, the music venues, the parks....the CITY. That is your campus.

That sounds amazing. Even more excited now.

[ssteiner]

I’m also split between D’Ag and Mercer and am curious how noisy the current students think the dorms are. My main concern is just being able to study/sleep in relative peace (I guess I’m a noise-sensitive person). A 2L in Mercer said his dorm is pretty quiet, and D’Ag feels more like a dorm, so I’m leaning towards Mercer atm.

I live in Mercer and it's really quiet. Sometimes on Friday night you'll get some loud folks out on the street, but the streets by D'Ag are much noisier. I do almost all my studying in my room and the noise level has never been a problem (and I get distracted really easily).

[Anciano]

I’m also split between D’Ag and Mercer and am curious how noisy the current students think the dorms are. My main concern is just being able to study/sleep in relative peace (I guess I’m a noise-sensitive person). A 2L in Mercer said his dorm is pretty quiet, and D’Ag feels more like a dorm, so I’m leaning towards Mercer atm.

I live in Mercer and it's really quiet. Sometimes on Friday night you'll get some loud folks out on the street, but the streets by D'Ag are much nosier. I do almost all my studying in my room and the noise level has never been a problem (and I get distracted really easily).

Also when you're applying for housing in Mercer, you can rank which side of the building you'd rather live on. The Mercer St side (where I live) is a little more expensive but basically silent at night. Friends tell me the Broadway side isn't all that much louder, but there are occasionally emergency vehicles and such.

[Tekrul]

I'm pumped but I'm wary of the triples. I haven't been out of UG long but I've always had singles and then moved into my own apartment.

There's a chance I'm signing a lease with my SO who goes to NYU UG but it's far more likely that I'll be looking at on-campus options, probably D'Agostino triples for the low cost.

On that note: I am a ridiculously courteous person/roommate. I will make about the same amount of noise, leave the same amount of mess, and overall be as obtrusive as a homeless ghost. If anyone else here is equally Casper-like, I'd love to find polite, kind, and respectful roommates. I have no preference to cigarette smokers vs non-smokers, but I prefer those who will not smoke marijuana indoors (btw, not a rod about drugs, wouldn't call the kettle black, but I find indoor marijuana smoking extremely disrespectful to others who may not want to get high at just that time). I've yet to find an individual I could not be quite good friends with, I'm extremely amicable, seriously, test my social intelligence - crooks to Brooks, I'm just friendly.

The one caveat to all this, I like to cook my meals. From the small nature of the suites in D'Ag, I suspect that the smell of food will be unavoidable throughout. Also, my cuisine is primarily Korean food. I know the smell of kimchi in the fridge and Korean cuisine in general can be unpleasant for people. So please keep that in mind.

If you haven't submitted a housing request yet and are interested in trying to assure at least a respectful roommate, hit me up with a PM. I'll know by this weekend if I'm signing that lease with my SO, and we can try to dodge the 'bad roommate' bullet.

[gertie]

Withdrew. Good luck everyone!

[kfischm1]

I got a financial aid and scholarship offer from NYU last week, giving me until this Friday to commit. So overwhelmed. I spent yesterday researching apartment options (living on campus isn't an option - I have a cat and will probably be getting married about the time I start law school, once everything is worked out with immigration/USCIS for my fiance). Coming from Nebraska, I knew the rent would be significantly higher, but the rates I've been seeing are astonishing. Also the whole "guarantor" requirements, etc. is intimidating considering I am headed off to law school with no savings and am not from a wealthy family, so I don't know how I could manage that.

I've browsed this thread somewhat for ideas on where to live off campus and various areas students live like East Village, Jersey City, Fort Greene, Financial District, etc, but for someone who has never even visited NYC, I still feel kind of lost.

Basically I am worried about housing/lack of being able to find housing and also feeling like I am missing out on the law school community because so many 1Ls live on campus. Or living far away because it is cheaper and then having no social life because of the commute, etc. I haven't had time or money to visit the campus, and honestly, I didn't let myself get too interested in the school because I was sure with my numbers I would be lucky to be accepted and would never get a scholarship like I did. Though I'm really excited about NYU, I'm feeling swamped with the looming deadline and thinking it might just be easier to go with my other choice, UVA.

OK now this post seems to me like a garbled mess where I am just writing my thoughts, and I'm not sure what point I am getting at. Maybe I am just looking for a reassuring confirmation that finding an apartment off campus isn't so daunting of a task as it seems? That those of you who have visited the school or attended ASW loved the school, etc? That living off of campus won't mean "missing out" on the law school environment?

[JamMasterJ]

I got a financial aid and scholarship offer from NYU last week, giving me until this Friday to commit. So overwhelmed. I spent yesterday researching apartment options (living on campus isn't an option - I have a cat and will probably be getting married about the time I start law school, once everything is worked out with immigration/USCIS for my fiance). Coming from Nebraska, I knew the rent would be significantly higher, but the rates I've been seeing are astonishing. Also the whole "guarantor" requirements, etc. is intimidating considering I am headed off to law school with no savings and am not from a wealthy family, so I don't know how I could manage that.

I've browsed this thread somewhat for ideas on where to live off campus and various areas students live like East Village, Jersey City, Fort Greene, Financial District, etc, but for someone who has never even visited NYC, I still feel kind of lost.

Basically I am worried about housing/lack of being able to find housing and also feeling like I am missing out on the law school community because so many 1Ls live on campus. Or living far away because it is cheaper and then having no social life because of the commute, etc. I haven't had time or money to visit the campus, and honestly, I didn't let myself get too interested in the school because I was sure with my numbers I would be lucky to be accepted and would never get a scholarship like I did. Though I'm really excited about NYU, I'm feeling swamped with the looming deadline and thinking it might just be easier to go with my other choice, UVA.

OK now this post seems to me like a garbled mess where I am just writing my thoughts, and I'm not sure what point I am getting at. Maybe I am just looking for a reassuring confirmation that finding an apartment off campus isn't so daunting of a task as it seems? That those of you who have visited the school or attended ASW loved the school, etc? That living off of campus won't mean "missing out" on the law school environment?

I'm gonna send you a more well thought out response later, but suffice it to say: came from a similar situation, everything worked out. Some of the apt search can be a pain, but don't allow your choice to be made on that account.

[kfischm1]

I got a financial aid and scholarship offer from NYU last week, giving me until this Friday to commit. So overwhelmed. I spent yesterday researching apartment options (living on campus isn't an option - I have a cat and will probably be getting married about the time I start law school, once everything is worked out with immigration/USCIS for my fiance). Coming from Nebraska, I knew the rent would be significantly higher, but the rates I've been seeing are astonishing. Also the whole "guarantor" requirements, etc. is intimidating considering I am headed off to law school with no savings and am not from a wealthy family, so I don't know how I could manage that.

I've browsed this thread somewhat for ideas on where to live off campus and various areas students live like East Village, Jersey City, Fort Greene, Financial District, etc, but for someone who has never even visited NYC, I still feel kind of lost.

Basically I am worried about housing/lack of being able to find housing and also feeling like I am missing out on the law school community because so many 1Ls live on campus. Or living far away because it is cheaper and then having no social life because of the commute, etc. I haven't had time or money to visit the campus, and honestly, I didn't let myself get too interested in the school because I was sure with my numbers I would be lucky to be accepted and would never get a scholarship like I did. Though I'm really excited about NYU, I'm feeling swamped with the looming deadline and thinking it might just be easier to go with my other choice, UVA.

OK now this post seems to me like a garbled mess where I am just writing my thoughts, and I'm not sure what point I am getting at. Maybe I am just looking for a reassuring confirmation that finding an apartment off campus isn't so daunting of a task as it seems? That those of you who have visited the school or attended ASW loved the school, etc? That living off of campus won't mean "missing out" on the law school environment?

I'm gonna send you a more well thought out response later, but suffice it to say: came from a similar situation, everything worked out. Some of the apt search can be a pain, but don't allow your choice to be made on that account.

Thanks! I'll look forward to your response.

[oldschool123]

I got a financial aid and scholarship offer from NYU last week, giving me until this Friday to commit. So overwhelmed. I spent yesterday researching apartment options (living on campus isn't an option - I have a cat and will probably be getting married about the time I start law school, once everything is worked out with immigration/USCIS for my fiance). Coming from Nebraska, I knew the rent would be significantly higher, but the rates I've been seeing are astonishing. Also the whole "guarantor" requirements, etc. is intimidating considering I am headed off to law school with no savings and am not from a wealthy family, so I don't know how I could manage that.

I've browsed this thread somewhat for ideas on where to live off campus and various areas students live like East Village, Jersey City, Fort Greene, Financial District, etc, but for someone who has never even visited NYC, I still feel kind of lost.

Basically I am worried about housing/lack of being able to find housing and also feeling like I am missing out on the law school community because so many 1Ls live on campus. Or living far away because it is cheaper and then having no social life because of the commute, etc. I haven't had time or money to visit the campus, and honestly, I didn't let myself get too interested in the school because I was sure with my numbers I would be lucky to be accepted and would never get a scholarship like I did. Though I'm really excited about NYU, I'm feeling swamped with the looming deadline and thinking it might just be easier to go with my other choice, UVA.

OK now this post seems to me like a garbled mess where I am just writing my thoughts, and I'm not sure what point I am getting at. Maybe I am just looking for a reassuring confirmation that finding an apartment off campus isn't so daunting of a task as it seems? That those of you who have visited the school or attended ASW loved the school, etc? That living off of campus won't mean "missing out" on the law school environment?

Grew up in NJ and lived in NYC for a year and also have friends scattered around some of the different areas you mentioned....in summary,
you shouldn't get too overwhelmed about the apt. search process in NYC. There are several different options to choose from, as you mentioned, and it mostly just depends on finding what is right for you and what your cost/living situation preference would be. Jersey City is cheaper and while the commute is doable, it can get annoying doing it every single day. But if you're willing to put up with that, then it's not a bad option. As for Fort Greene, one of my best friends who I grew up with now lives there and he absolutely loves it. I've visited him a few times and can say that it really is a great place--a little more relaxed atmosphere compared to Manhattan while still having that city feel to it. He lives in a 4BR, which is a big reason why his rent is so relatively cheap, but he only pays about $750/month. And the commute from Fort Greene is pretty easy and headache-free. I don't think you'd feel like you were missing out at all on the law school environment by living there, because it really only takes 25-35min to get there from campus, and you'd be on campus the majority of the day anyways i'm sure before heading back to Brooklyn for the night (and again, it's not that bad of a trip so it wouldn't be hard to go home and come back to campus again later in the day/night if you wanted to). Making the commute to/from Jersey City twice in one day would be a bit tougher.

East Village is a great place as well, but obviously quite a bit more expensive.

But again, overall there are plenty of different options.

and FWIW, i'm making the same NYU vs. UVA decision as well today.

[Big(Bird)Law]

I’m also split between D’Ag and Mercer and am curious how noisy the current students think the dorms are. My main concern is just being able to study/sleep in relative peace (I guess I’m a noise-sensitive person). A 2L in Mercer said his dorm is pretty quiet, and D’Ag feels more like a dorm, so I’m leaning towards Mercer atm.

I live in Mercer and it's really quiet. Sometimes on Friday night you'll get some loud folks out on the street, but the streets by D'Ag are much noisier. I do almost all my studying in my room and the noise level has never been a problem (and I get distracted really easily).

Thanks for the info!

[Big(Bird)Law]

I’m also split between D’Ag and Mercer and am curious how noisy the current students think the dorms are. My main concern is just being able to study/sleep in relative peace (I guess I’m a noise-sensitive person). A 2L in Mercer said his dorm is pretty quiet, and D’Ag feels more like a dorm, so I’m leaning towards Mercer atm.

I live in Mercer and it's really quiet. Sometimes on Friday night you'll get some loud folks out on the street, but the streets by D'Ag are much nosier. I do almost all my studying in my room and the noise level has never been a problem (and I get distracted really easily).

Also when you're applying for housing in Mercer, you can rank which side of the building you'd rather live on. The Mercer St side (where I live) is a little more expensive but basically silent at night. Friends tell me the Broadway side isn't all that much louder, but there are occasionally emergency vehicles and such.

Thanks, I'll keep that in mind!

[porch]

..hi

[risa]

I got a financial aid and scholarship offer from NYU last week, giving me until this Friday to commit. So overwhelmed. I spent yesterday researching apartment options (living on campus isn't an option - I have a cat and will probably be getting married about the time I start law school, once everything is worked out with immigration/USCIS for my fiance). Coming from Nebraska, I knew the rent would be significantly higher, but the rates I've been seeing are astonishing. Also the whole "guarantor" requirements, etc. is intimidating considering I am headed off to law school with no savings and am not from a wealthy family, so I don't know how I could manage that.

I've browsed this thread somewhat for ideas on where to live off campus and various areas students live like East Village, Jersey City, Fort Greene, Financial District, etc, but for someone who has never even visited NYC, I still feel kind of lost.

Basically I am worried about housing/lack of being able to find housing and also feeling like I am missing out on the law school community because so many 1Ls live on campus. Or living far away because it is cheaper and then having no social life because of the commute, etc. I haven't had time or money to visit the campus, and honestly, I didn't let myself get too interested in the school because I was sure with my numbers I would be lucky to be accepted and would never get a scholarship like I did. Though I'm really excited about NYU, I'm feeling swamped with the looming deadline and thinking it might just be easier to go with my other choice, UVA.

OK now this post seems to me like a garbled mess where I am just writing my thoughts, and I'm not sure what point I am getting at. Maybe I am just looking for a reassuring confirmation that finding an apartment off campus isn't so daunting of a task as it seems? That those of you who have visited the school or attended ASW loved the school, etc? That living off of campus won't mean "missing out" on the law school environment?

I'm incredibly stressed about this as well. Like you I have a cat and beyond that, I'm on the older side and while the convenience of on-campus would be nice, I know in the long run I'd be happier in my own place. I'm really worried about wasting most of my "summer off" couch crashing in NYC while stressing about finding a place and spending an exorbitant amount of money to secure something.

Does anyone who knows NYC have an opinion about when I should start looking (would early July be okay for an August 1st move-in?)? Also, if I just find a broker in the first place to show me places do you think I could find a place in, say, a week? Or even if I work with a broker up front is it likely to take me several weeks?

[Swimp]

Does anyone who knows NYC have an opinion about when I should start looking (would early July be okay for an August 1st move-in?)? Also, if I just find a broker in the first place to show me places do you think I could find a place in, say, a week? Or even if I work with a broker up front is it likely to take me several weeks?

1) Yes, a month is enough time to find a place in NYC. Actually, much longer than a month is often not advisable because when you find something you usually have to pounce or it's gone.

2) Yes, you can absolutely find a place in a week with a broker's help. You could probably find a place without a broker's help in a week. With one--no question.

[alex.feuerman]

I got a financial aid and scholarship offer from NYU last week, giving me until this Friday to commit. So overwhelmed. I spent yesterday researching apartment options (living on campus isn't an option - I have a cat and will probably be getting married about the time I start law school, once everything is worked out with immigration/USCIS for my fiance). Coming from Nebraska, I knew the rent would be significantly higher, but the rates I've been seeing are astonishing. Also the whole "guarantor" requirements, etc. is intimidating considering I am headed off to law school with no savings and am not from a wealthy family, so I don't know how I could manage that.

I've browsed this thread somewhat for ideas on where to live off campus and various areas students live like East Village, Jersey City, Fort Greene, Financial District, etc, but for someone who has never even visited NYC, I still feel kind of lost.

Basically I am worried about housing/lack of being able to find housing and also feeling like I am missing out on the law school community because so many 1Ls live on campus. Or living far away because it is cheaper and then having no social life because of the commute, etc. I haven't had time or money to visit the campus, and honestly, I didn't let myself get too interested in the school because I was sure with my numbers I would be lucky to be accepted and would never get a scholarship like I did. Though I'm really excited about NYU, I'm feeling swamped with the looming deadline and thinking it might just be easier to go with my other choice, UVA.

OK now this post seems to me like a garbled mess where I am just writing my thoughts, and I'm not sure what point I am getting at. Maybe I am just looking for a reassuring confirmation that finding an apartment off campus isn't so daunting of a task as it seems? That those of you who have visited the school or attended ASW loved the school, etc? That living off of campus won't mean "missing out" on the law school environment?

Finding a place in NYC IS daunting, but it can be done, and you don't need much time. JamMaster also has a real estate guide somewhere... "NYU 1L's taking questions." Do not turn down NYU for UVA just because you're scared of the real estate, there are great resources online for information.

Congrats!

[JamMasterJ]

I got a financial aid and scholarship offer from NYU last week, giving me until this Friday to commit. So overwhelmed. I spent yesterday researching apartment options (living on campus isn't an option - I have a cat and will probably be getting married about the time I start law school, once everything is worked out with immigration/USCIS for my fiance). Coming from Nebraska, I knew the rent would be significantly higher, but the rates I've been seeing are astonishing. Also the whole "guarantor" requirements, etc. is intimidating considering I am headed off to law school with no savings and am not from a wealthy family, so I don't know how I could manage that.

I've browsed this thread somewhat for ideas on where to live off campus and various areas students live like East Village, Jersey City, Fort Greene, Financial District, etc, but for someone who has never even visited NYC, I still feel kind of lost.

Basically I am worried about housing/lack of being able to find housing and also feeling like I am missing out on the law school community because so many 1Ls live on campus. Or living far away because it is cheaper and then having no social life because of the commute, etc. I haven't had time or money to visit the campus, and honestly, I didn't let myself get too interested in the school because I was sure with my numbers I would be lucky to be accepted and would never get a scholarship like I did. Though I'm really excited about NYU, I'm feeling swamped with the looming deadline and thinking it might just be easier to go with my other choice, UVA.

OK now this post seems to me like a garbled mess where I am just writing my thoughts, and I'm not sure what point I am getting at. Maybe I am just looking for a reassuring confirmation that finding an apartment off campus isn't so daunting of a task as it seems? That those of you who have visited the school or attended ASW loved the school, etc? That living off of campus won't mean "missing out" on the law school environment?

Finding a place in NYC IS daunting, but it can be done, and you don't need much time. JamMaster also has a real estate guide somewhere... "NYU 1L's taking questions." Do not turn down NYU for UVA just because you're scared of the real estate, there are great resources online for information.

Congrats!

OP of the taking questions thread

[risa]

Does anyone who knows NYC have an opinion about when I should start looking (would early July be okay for an August 1st move-in?)? Also, if I just find a broker in the first place to show me places do you think I could find a place in, say, a week? Or even if I work with a broker up front is it likely to take me several weeks?

1) Yes, a month is enough time to find a place in NYC. Actually, much longer than a month is often not advisable because when you find something you usually have to pounce or it's gone.

2) Yes, you can absolutely find a place in a week with a broker's help. You could probably find a place without a broker's help in a week. With one--no question.

Thanks for this reassurance
Ideally I'd like to find an August 1 start date while I am there in July, but I guess if need be I will start paying rent in July... makes me wonder if I should gamble and go in the second half of July rather than the first week. Actually come to think of it July 4th-ish may be a bad time to see places if less are showing... or maybe better if less are looking over the long weekend? Thoughts?

[kfischm1]

I got a financial aid and scholarship offer from NYU last week, giving me until this Friday to commit. So overwhelmed. I spent yesterday researching apartment options (living on campus isn't an option - I have a cat and will probably be getting married about the time I start law school, once everything is worked out with immigration/USCIS for my fiance). Coming from Nebraska, I knew the rent would be significantly higher, but the rates I've been seeing are astonishing. Also the whole "guarantor" requirements, etc. is intimidating considering I am headed off to law school with no savings and am not from a wealthy family, so I don't know how I could manage that.

I've browsed this thread somewhat for ideas on where to live off campus and various areas students live like East Village, Jersey City, Fort Greene, Financial District, etc, but for someone who has never even visited NYC, I still feel kind of lost.

Basically I am worried about housing/lack of being able to find housing and also feeling like I am missing out on the law school community because so many 1Ls live on campus. Or living far away because it is cheaper and then having no social life because of the commute, etc. I haven't had time or money to visit the campus, and honestly, I didn't let myself get too interested in the school because I was sure with my numbers I would be lucky to be accepted and would never get a scholarship like I did. Though I'm really excited about NYU, I'm feeling swamped with the looming deadline and thinking it might just be easier to go with my other choice, UVA.

OK now this post seems to me like a garbled mess where I am just writing my thoughts, and I'm not sure what point I am getting at. Maybe I am just looking for a reassuring confirmation that finding an apartment off campus isn't so daunting of a task as it seems? That those of you who have visited the school or attended ASW loved the school, etc? That living off of campus won't mean "missing out" on the law school environment?

Finding a place in NYC IS daunting, but it can be done, and you don't need much time. JamMaster also has a real estate guide somewhere... "NYU 1L's taking questions." Do not turn down NYU for UVA just because you're scared of the real estate, there are great resources online for information.

Congrats!

Thanks! I'll have to search for that post.

[kfischm1]

Sorry for hijacking this thread, but I figured someone on here would probably know this answer. I was reading into NYU's LRAP program, which seems way better than most schools (as long as I am understanding the following correctly) I'm interpreting that under NYU's program, I could earn up to $80,000 per year and not have to make loan payments if working in qualified public interest employment?

NYU LRAP description: Why has NYU integrated LRAP with the federal Public Service Loan Forgiveness Program (PSLFP) and Income Based Repayment (IBR)? The integration of NYU’s LRAP with PSLFP and IBR will allow NYU to cover a much broader income range while significantly lowering the out-of-pocket costs for the majority of our participants. For example, assume a participant’s annual income from employment for 2012 is $78,000. Under old LRAP, this would result in over $800 per month in an out-of-pocket cost for the participant contribution (this assumes an income base of approximately $52,000 in 2012 for the participant’s graduating class). However, in New LRAP, we have a fixed income base of $80,000. Given that the participant’s $78,000 qualifying income is below the $80,000 base, the participant will no longer have a participant contribution.
Links for more details: --LinkRemoved-- ... 075328.pdf
--LinkRemoved-- ... /index.htm

Just want to make sure I'm not missing or misreading something. I know some T-14 schools, like UVA, have arrangements where you can make up to $55,000 and not have to make loan payments, and if you make between $55,000 and $75,000 you can receive partial support. So the $80,000 at NYU seems really generous.

[oldschool123]

Sorry for hijacking this thread, but I figured someone on here would probably know this answer. I was reading into NYU's LRAP program, which seems way better than most schools (as long as I am understanding the following correctly) I'm interpreting that under NYU's program, I could earn up to $80,000 per year and not have to make loan payments if working in qualified public interest employment?

NYU LRAP description: Why has NYU integrated LRAP with the federal Public Service Loan Forgiveness Program (PSLFP) and Income Based Repayment (IBR)? The integration of NYU’s LRAP with PSLFP and IBR will allow NYU to cover a much broader income range while significantly lowering the out-of-pocket costs for the majority of our participants. For example, assume a participant’s annual income from employment for 2012 is $78,000. Under old LRAP, this would result in over $800 per month in an out-of-pocket cost for the participant contribution (this assumes an income base of approximately $52,000 in 2012 for the participant’s graduating class). However, in New LRAP, we have a fixed income base of $80,000. Given that the participant’s $78,000 qualifying income is below the $80,000 base, the participant will no longer have a participant contribution.
Links for more details: --LinkRemoved-- ... 075328.pdf
--LinkRemoved-- ... /index.htm

Just want to make sure I'm not missing or misreading something. I know some T-14 schools, like UVA, have arrangements where you can make up to $55,000 and not have to make loan payments, and if you make between $55,000 and $75,000 you can receive partial support. So the $80,000 at NYU seems really generous.

According to what I heard at the ASD LRAP session this past Friday, you are not missing or misreading anything

[02889]

Sorry for hijacking this thread, but I figured someone on here would probably know this answer. I was reading into NYU's LRAP program, which seems way better than most schools (as long as I am understanding the following correctly) I'm interpreting that under NYU's program, I could earn up to $80,000 per year and not have to make loan payments if working in qualified public interest employment?

NYU LRAP description: Why has NYU integrated LRAP with the federal Public Service Loan Forgiveness Program (PSLFP) and Income Based Repayment (IBR)? The integration of NYU’s LRAP with PSLFP and IBR will allow NYU to cover a much broader income range while significantly lowering the out-of-pocket costs for the majority of our participants. For example, assume a participant’s annual income from employment for 2012 is $78,000. Under old LRAP, this would result in over $800 per month in an out-of-pocket cost for the participant contribution (this assumes an income base of approximately $52,000 in 2012 for the participant’s graduating class). However, in New LRAP, we have a fixed income base of $80,000. Given that the participant’s $78,000 qualifying income is below the $80,000 base, the participant will no longer have a participant contribution.
Links for more details: --LinkRemoved-- ... 075328.pdf
--LinkRemoved-- ... /index.htm

Just want to make sure I'm not missing or misreading something. I know some T-14 schools, like UVA, have arrangements where you can make up to $55,000 and not have to make loan payments, and if you make between $55,000 and $75,000 you can receive partial support. So the $80,000 at NYU seems really generous.

NYU's cap is $80,000 because it's now integrated with IBR. I assume other schools will have similar caps once they become entwined with IBR as well. What sets NYU's LRAP apart, in my eyes, is everything else. If you're not in PLSF-eligible employment, but are still working in PI (for a foreign NGO, self-employed, etc) you can still qualify for NYU's alternative (meaning old) LRAP program, while many schools only now offer the IBR programs. NYU's alternative LRAP does have the cap at 55,000 for full loan repayment, and then after that, it's shared. There are other perks at NYU, such as having part-time employment eligible for child-raising.

They also have the great benefit of negative amortization protection, meaning that, if after 3 years you decide to leave eligible employment, NYU will not only forgive all the money they've given towards your loans (so you don't owe NYU anything), but will also cut a check for the difference between your IBR loan payments and what you would have paid under a standard 10-year plan, so you come out of your 3 years in PI with not a penny more in debt than what someone in the private sector on the standard plan would owe.

Their Financial Aid office is super responsive to questions, too, so definitely ask away if you have some specific questions.

[ph5354a]

http://lifeinc.today.com/_news/2013/05/ ... ttoos?lite

oh. em. gee.

I knew they were sketchy. I didn't think they were this sketchy.