Answer:
Hi! Have you considered fixing it yourself? If you send to sony for repair, your data will be gone.
If you wish to fix it yourself, please refer to this article, hope it helps you as i follow their guide and videos and managed to fix my problems such as Yellow/Red/Green light of death and Freezing screen! More importantly, I can retain all my data!
http://www.articlesbase.com/video-games-articles/fix-ps3-yellow-red-light-of-death-yourself-at-home-1686061.html
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You could be cheap and pay the local fee to people on craigslist, but those are never a permanent fix, it's always temporary. I highly advise Sony, I know, I know, they are expensive, but I'm telling you, it's worth it.
well if you want sony to fix your ps3 they will charge you $150, but if you want to fix your ps3 on your own then here an article that will help you fix the problem.