ze2151 wrote:your credit score suffers when you consolidate debt.
here is the real question. what's more likely?
Option 1- Go to Vandy, take out massive loans, but get a biglaw job to be able to pay the loans down.
Option 2- Go to UGA, take on a significantly smaller debt load, and get a job that pays north of 65-70,000 dollars.
These are your two desirable outcomes. You won't live comfortably with 160k debt and an 80,000 dollar job out of Vandy. All we ever hear on here is that one should never consider biglaw to be a sure thing. I feel like that's what you'd be doing in going to Vandy. But my advice is colored by my experience. I've been paying loans for a while and have no interest in taking any more on. I turned down 70k in loans to UVa. Most on here would call that lunacy. But again, most on here don't have loan debt yet, and this is all play money.
I'd bet option 1 is significantly more likely. We could find our for sure pretty quickly by looking at UGA's complete employment statistics. Does anyone have that info handy?
Op, it's important to consider upside as well. Living comfortably the first 3-5 years out of law school should be a consideration, but law school debt becomes an increasingly smaller consideration once you reach 200K +. Your potential ceiling should be factored into risk assessments. How ambitious are you?