Vandy (Sticker) vs. UGA (In-state), For Real This Time

(Rankings, Profiles, Tuition, Student Life, . . . )

Which?

Vandy ($44,900/yr + COL)
71
54%
UGA ($14,148/yr + COL)
61
46%
 
Total votes: 132

Rawlsian
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby Rawlsian » Thu Jun 24, 2010 3:22 pm

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?

ze2151
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby ze2151 » Thu Jun 24, 2010 3:23 pm

maybe he's out of state and in-state tuition is his scholarship?

rando
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby rando » Thu Jun 24, 2010 3:24 pm

nickwar wrote:Not trying to get too personal, but how did you get into Vandy and not into UGA w/ a scholarship? They gave out a LOT of scholarship $$$ last year.

Your recent Vandy acceptance sounds like something you could use to pick up some money at Georgia. If you could pick up a $5,000/year scholarship I'd say go for it (they have a pretty low GPA requirement, usually); if not, I'd still say go to UGA. It's a big cash difference in all areas. Tuition is low, rent is low, food is cheap, booze is cheap, etc.



Uga is pretty stingy with scholarships from what I have heard. I got into UVA, Duke, and Emory with big $$$, and uga wouldnt play ball.

rando
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby rando » Thu Jun 24, 2010 3:30 pm

Rawlsian wrote:
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?


People need to stop relying on biglaw. A fellow sa is from vandy and i asked him literally two minutes ago how much of their class got paying summer work. He ballparked 35%.

Itt. Incedible naivete.

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eandy
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby eandy » Thu Jun 24, 2010 3:31 pm

ze2151 wrote:maybe he's out of state and in-state tuition is his scholarship?

Yes, that is mentioned in the OP.
rando wrote:Uga is pretty stingy with scholarships from what I have heard. I got into UVA, Duke, and Emory with big $$$, and uga wouldnt play ball.

I think this is very true with splitters. It also has to be considered, though, that their tuition is half what UVA, Duke, Emory are. UGA at sticker is like getting UVA/Duke/Emory with half-tuition schollys.

rando
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby rando » Thu Jun 24, 2010 3:35 pm

Uga would have been more expensive than emory for me. Just sayin... sometimes they dont throw money out there.

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Thomas Jefferson
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby Thomas Jefferson » Thu Jun 24, 2010 3:39 pm

southernboy wrote:But do you guys not understand what 210K worth of debt means??


COL is ~$30k/yr at Vandy ???????

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Grizz
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby Grizz » Thu Jun 24, 2010 3:39 pm

ze2151 wrote:Option 2- Go to UGA, take on a significantly smaller debt load, and get a job that pays north of 65-70,000 dollars.


2 considerations in re option 2:
1. How much does the bilateral salary distribution curve hold up for a place like Atlanta?

and a corollary:
2. How much does local ATL govt. and small firms willing to hire fresh grads pay? My guess is significantly less than $70k, but I'm not sure.

Not an argument one way or another really, but some stuff to think about.

ze2151
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby ze2151 » Thu Jun 24, 2010 3:42 pm

I didn't specify what sort of job would pay north of 65,000 dollars. I'm just saying let's play the odds. You're at a casino. Red is Vandy, big debt, big law. Black is UGA, smaller debt, and any job that pays more than 65,000. What do you think is more likely to occur? I bet black. I don't know that for certain, but I just don't think you should count on big law or a 100k+ gig right out of law school.

and emory is way cheaper for me than UGA would have been. WAY cheaper.

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Grizz
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby Grizz » Thu Jun 24, 2010 3:43 pm

eandy wrote:UGA at sticker is like getting UVA/Duke/Emory with half-tuition schollys.


Because the rate of clerkships plus large firm placement are much different (yes, pre ITE) in re Vanderbilt and UGA, it's not really comparable to half-tuition, but I get what you're saying. UGA is a bargain.

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eandy
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby eandy » Thu Jun 24, 2010 3:47 pm

rad law wrote:
eandy wrote:UGA at sticker is like getting UVA/Duke/Emory with half-tuition schollys.


Because the rate of clerkships plus large firm placement are much different (yes, pre ITE) in re Vanderbilt and UGA, it's not really comparable to half-tuition, but I get what you're saying. UGA is a bargain.

Yeah, I am definitely not saying they're equal :lol: However, they know that there are people out there who don't care. If I wasn't such a LSAT anxiety fail, I would go to UVA/Duke over UGA in a heartbeat and probably go to Vandy over UGA without much debate, either.

Decisions involving this much money are really a personal decision, and we can't make it for the OP.

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Grizz
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby Grizz » Thu Jun 24, 2010 3:48 pm

eandy wrote:However, they know that there are people out there who don't care.


Gosh this is so true. People love the Dawgs.

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romothesavior
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby romothesavior » Thu Jun 24, 2010 4:04 pm

When this thread started, I was more 50/50. But the longer it has gone on and the more I have thought about it, the more UGA becomes clear.

Again: Solid T1 degree in the state you want to practice for <50k vs. a non-T10 degree for 100k more. This is really a no-brainer.

And fwiw, I love Vandy.

Southernlaw57
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby Southernlaw57 » Thu Jun 24, 2010 4:23 pm

TheBigMediocre wrote:
All of my contacts have said that both Vanderbilt and UGA would be excellent schools to come from, but that Vanderbilt would have an edge. One guy said, "UGA is a great school, but it's still a state school." I would say my connections in Charleston are very strong as well, if that makes a difference. But I know networking can only take you so far.


This makes me lean to UGA. If your connections were weak or not legal related, I would lean Vandy because the name would help more in getting your foot in the door, but it seems like you can get your resume noticed through networking. After that, its all you and what you've done during your time in law school. I really don't think the extra prestige of Vanderbilt will be significant enough in your job search w/r/t Charleston to justify the difference in cost/debt.

In Atlanta (where I presume your ties are not as strong), the Vandy prestige will likely help, but UGA gives you the opportunity to network at law school alumni functions/tailgates/by virtue of being an hour away from ATL/what-have-you.

And thats my two cents.

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missvik218
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby missvik218 » Thu Jun 24, 2010 4:33 pm

Just for the sake of considering total debt loads the actual numbers (without calculating tuition hikes) look more like this than anything anyone has posted:

Vandy (Sticker): 210k
UGA (In State): 95k

I don't have this choice yet (still on the WL at Vandy), but I've thought about it A LOT, Mediocre and I have commiserated a good deal on the subject - similar stats, similar goals, etc. I am a bit of a prestige whore and I don't know if I've ever loved anything as much as I loved Vanderbilt when I visited (except maybe UVA), but debt North of 200k is a burden I just don't think I could pull the trigger on for a non-T10 school.

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romothesavior
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby romothesavior » Thu Jun 24, 2010 4:56 pm

missvik218 wrote:Just for the sake of considering total debt loads the actual numbers (without calculating tuition hikes) look more like this than anything anyone has posted:

Vandy (Sticker): 210k
UGA (In State): 95k

I don't have this choice yet (still on the WL at Vandy), but I've thought about it A LOT, Mediocre and I have commiserated a good deal on the subject - similar stats, similar goals, etc. I am a bit of a prestige whore and I don't know if I've ever loved anything as much as I loved Vanderbilt when I visited (except maybe UVA), but debt North of 200k is a burden I just don't think I could pull the trigger on for a non-T10 school.


I dunno if these schools are in expensive cities or if you just live more lavishly than I do, but there is no way I would approach either of these numbers if I were in this situation.

Plus I don't know if you saw, but his parents are willing to pay for his first year at UGA, or if he goes to Vandy, they'll pay for the amount that UGA instate would be.

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missvik218
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby missvik218 » Thu Jun 24, 2010 5:05 pm

romothesavior wrote:Plus I don't know if you saw, but his parents are willing to pay for his first year at UGA, or if he goes to Vandy, they'll pay for the amount that UGA instate would be.

I didn't see and that would make a difference I was just saying based on paying full price for both of those options that is what it would cost. I can verify that for absolute sure that's what UGA will run you; I just finished making my budget for what I believe is a reasonable lifestyle, not lavish at all. From Vanderbilt's own website they estimate COA to be 202k, which I believe from having looked for housing around the school is a little bit of a low ball for COL.

http://law.vanderbilt.edu/prospective-s ... index.aspx

keg411
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby keg411 » Thu Jun 24, 2010 6:09 pm

How do you get 95k for UGA?

~45k for tuition only would mean 50k for COL over 3 years. I doubt COL at UGA would run over $17,000/year (or more since I high-balled the tuition number). That seems way too high for Athens.

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missvik218
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby missvik218 » Thu Jun 24, 2010 7:31 pm

Haha ok. You didn't over estimate tuition, in May UGA raised its IS tuition to approx 16k and OOS to 33k. I can PM you my budget if you're really concerned. I don't want to derail the thread with this discussion, but I can tell you that for this Fall/Spring I'm looking at between 33-35k in loans (with a tuition equalization scholarship).

Edit: Additionally, UGA (per their website) estimates COL in Athens to be approx 18k - which coincidentally would make my 95k a bit of a low-ball guess for total COA.
Last edited by missvik218 on Thu Jun 24, 2010 7:38 pm, edited 1 time in total.

keg411
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby keg411 » Thu Jun 24, 2010 7:37 pm

missvik218 wrote:Haha ok. You didn't over estimate tuition, in May UGA raised its IS tuition to approx 16k and OOS to 33k. I can PM you my budget if you're really concerned. I don't want to derail the thread with this discussion, but I can tell you that for this Fall/Spring I'm looking at between 33-35k in loans (with a tuition equalization scholarship).


I got the tuition quote from BigMediocre earlier in the thread. He posted it at $14-something.

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missvik218
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby missvik218 » Thu Jun 24, 2010 7:53 pm

keg411 wrote:
missvik218 wrote:Haha ok. You didn't over estimate tuition, in May UGA raised its IS tuition to approx 16k and OOS to 33k. I can PM you my budget if you're really concerned. I don't want to derail the thread with this discussion, but I can tell you that for this Fall/Spring I'm looking at between 33-35k in loans (with a tuition equalization scholarship).

I got the tuition quote from BigMediocre earlier in the thread. He posted it at $14-something.

I understand, and he probably still thinks that. I only learned about the increase this week when I called Financial Aid to try to sort out my scholarship amount so I could claim my aid.

Southernlaw57
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby Southernlaw57 » Thu Jun 24, 2010 8:05 pm

missvik218 wrote:
keg411 wrote:
missvik218 wrote:Haha ok. You didn't over estimate tuition, in May UGA raised its IS tuition to approx 16k and OOS to 33k. I can PM you my budget if you're really concerned. I don't want to derail the thread with this discussion, but I can tell you that for this Fall/Spring I'm looking at between 33-35k in loans (with a tuition equalization scholarship).

I got the tuition quote from BigMediocre earlier in the thread. He posted it at $14-something.

I understand, and he probably still thinks that. I only learned about the increase this week when I called Financial Aid to try to sort out my scholarship amount so I could claim my aid.


Tuition is 14,148 for 2010-2011. Fees are about 1,600. Total of Tuition + Fees is about 16k. So everyone is right, in a way.

HTH

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missvik218
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby missvik218 » Thu Jun 24, 2010 8:15 pm

Southernlaw57 wrote:Tuition is 14,148 for 2010-2011. Fees are about 1,600. Total of Tuition + Fees is about 16k. So everyone is right, in a way.

HTH

Edit: You're right, called this AM to confirm.
Last edited by missvik218 on Fri Jun 25, 2010 9:47 am, edited 1 time in total.

krj02004
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby krj02004 » Thu Jun 24, 2010 10:52 pm

TheBigMediocre wrote:Also if this makes a difference, I have no desire to ever practice any place other then the Southeast.



plus you have no undergrad debt? I think Vandy is worth it.... I turned down paying basically sticker at Vandy for Iowa (MUCH less debt), but I have a family to think about and wasn't set on biglaw. You are single (I'm assuming) and no other obligations weighing you down. I say go to Nashville and take advantage of the Vandy name. The ranking is far enough where paying sticker is worth it. In a struggling economy, Vandy will take you further than Georgia.

krj02004
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Re: Vandy (Sticker) vs. UGA (In-state), For Real This Time

Postby krj02004 » Thu Jun 24, 2010 11:01 pm

romothesavior wrote:
TheBigMediocre wrote:They overnighted the accepted students package yesterday and I received it in the mail today. This thing is massive and fairly persuasive. Ugh.


Yes, the Obiter Dictum is awesome. I threw away all my admissions materials when I moved home from undergrad, throwing away viewbooks, class profile sheets, alumni mags, acceptance letters, etc. I kept Cornell's andthe Obiter Dictum. They were both too nice to throw out.



+1, lol




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