http://www.law.nyu.edu/financialaid/budgetandbudgeting/studentexpensebudget
Tuition: Full-time law students at New York Univer$ity will be charged $61,644 in tuition – for the 2017-2018 academic year. That is outrageous, for a single damn year of “legal education.” At that price, you may as well post “Non-Rich Need Not Apply.” They make it pretty clear that they don’t want those of modest means to enroll.
Don’t forget that fees – for health, regi$tration, $ervice, and technology – add another $2,342 to the cost. That brings the price tag of admi$$ion to $63,986. I guess they figure that they might as well screw you a little harder. After all, the wealthy kids’ parents will gladly pay full freight for the credential – while those of middle and working class backgrounds will take on some student debt for the degree.
Total Estimated Cost of Attendance: Based on the same page, the school lists non-direct expenses as $28,920. Of this amount, only $1,400 is for books and supplies. Another $220 is for loan fees. Transportation does not have a line item and that is fair, since millions of New Yorkers do not own cars – and they can rely on dependable, safe, and clean public transit systems to take them to their destinations.
That brings the total, estimated COA to $93,906. Again, this is for two semesters of a three year program of $tudy. Of course, many will not flinch upon seeing this massive number. They are called rich people, and if you aren’t one of them, then you are taking some risk by attending this particular law school.
Law students will accumulate expenses over the entire 12 months – and not just for the school calendar. We will therefore prorate the following items: room and board, as well as health and dental insurance. Books and supplies and loan fees will remain the same. Doing so, we reach the following more accurate, estimated COA of $98,406.
In the end, there is a dividing line. It is bright and palpable. The wealthy and connected can write a check for $100K, without flinching. Whereas, the vast majority of people in this country would have a stroke if they had to repay this amount. In fact, the cost is much lower for the rich students or their parents – as they don’t have to pay principle plus interest. But these “non-profit, educational institutions” are looking out for the students, right?
https://www.usnews.com/best-graduate-schools/top-law-schools/law-rankings
Ranking: As you can see, the NYU Law $chool is rated as the 6th greatest and most amazing law school in the country, by US “News” & World Report. In fact, the school is so prestigious, it does not share this honor with any other in$titution of “higher education.” That alone tells you that this school is clearly in a class of its own.
http://www.law.nyu.edu/sites/default/files/upload_documents/ABA%20Employment%20Summary-Class%20of%202016.pdf
Published Employment Placement Statistics: Let’s take a look at the school’s ABA Employment Summary for 2016 Graduates. You will notice that there were 485 members of this cohort. Hell, that is a small army. Of that gigantic-ass number, 476 reported being employed in long-term, full-time positions. That is impressive…until you consider that fully 30 of these were in jobs funded by the university or law school.
This is significant, since if you count all jobs, the full-time placement rate was 98.1% - as opposed to 92 percent when those 30 positions are not included. But the school couldn’t possibly have created these posts in order to artificially increase its employment figures! After all, that would be so crass and cynical of the jackals. We are talking about “institutions of higher learning,” people.
One poor soul reported working in a part-time, long-term job within 10 months of receiving hid NYU law degree. Another member of this class listing their status as being in a short-term, full-time gig. You can bet your ass that these two are not members of the wealthy, connected, or preferred classes. Their parents would not allow that to happen to their offspring – even if their grades were weak. Failure is okay for working class people to accept, not the kids of the elite.
https://www.usnews.com/best-graduate-schools/top-law-schools/grad-debt-rankings
Average Law Student Indebtedness:US “News” lists the average law student indebtedness - for those members of the New York Univer$ity JD Class of 2016 who incurred debt for law school - as $167,646. $omehow, only 64% of this school’s 2016 graduating cohort took on such debt. Keep in mind that this amount does not include debt from undergrad. It also does not take accrued interest into account, while the student is enrolled. By the way, while it is ranked 6th best, it features the 4th highest amount of average law student debt. Then again, 13 schools did not provide their numbers to this defunct magazine.
Despite the outrageous costs of attending this school, 36 percent of the 2016 graduating class did not incur any student debt for law school. Have fun competing against those young men and women for the best positions. Their father or uncle can make a few phone calls and get them into the juiciest jobs. Don’t be surprised if those same rich family members got them into NYU, even with perhaps less stellar LSAT scores.
Conclusion: This is one hell of an expensive institution to attend, and it is located in the priciest city in the United States. Yet, almost four out of ten graduates from the JD Class of 2016 did not take on a single dime in student loans for their “legal education.” If you are not from an immensely wealthy or politically connected family, then you do not belong here. You will stick out from these people – and they don’t really want you to join their club. Especially, if your success comes from high skills and hard work. In fact, that might upset them – seeing someone who busted his neck to gain entry. Also remember that Biglaw associates are often given the boot within 3-5 years on the job. And white shoe firms do not hire “failures” from other large corporate law offices.