40K/yr at Cornell or Harvard at sticker

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

Where should I go

Harvard at sticker
75
83%
Cornell $$$
7
8%
Chicago at sticker
2
2%
Columbia at sticker
3
3%
Mich $$
3
3%
 
Total votes: 90

jfs64
Posts: 3
Joined: Mon Dec 13, 2010 9:18 pm

40K/yr at Cornell or Harvard at sticker

Postby jfs64 » Wed Mar 23, 2011 10:26 pm

Hi everyone,

I was hoping to get some advice.

I've been very fortunate to be accepted to a number of great schools, and I also have a few scholarship offers. I am having a very difficult time deciding. Any thoughts? Thanks in advance.

To provide some context, I would like to do an article III clerkship after graduation, mainly because I think it would be a fantastic intellectual experience. Afterwards, I would like to end up doing corporate law at a large firm in NY. Would this be possible from Cornell? I know by taking the scholarship I will have to absolutely kill it during law school, whereas at Harvard I could probably be in the top 25% and land a clerkship, rather than top 5%. Is $120,000 worth the risk?

duckmoney
Posts: 886
Joined: Sun Jun 13, 2010 2:21 pm

Re: 40K/yr at Cornell or Harvard at sticker

Postby duckmoney » Wed Mar 23, 2011 11:04 pm

Cornell with that much money could be better than Harvard, depending on your goals, especially if you want to work in a secondary market. But if you're gunning for big law or prestigious PI, Harvard is your best option far and away.

jfs64
Posts: 3
Joined: Mon Dec 13, 2010 9:18 pm

Re: 40K/yr at Cornell or Harvard at sticker

Postby jfs64 » Wed Mar 23, 2011 11:11 pm

Thanks for the advice. I know that Harvard will give me a better shot at the uber-competitive positions, but the thought of taking out almost 200,000 in loans is kind of terrifying.

SupraVln180
Posts: 883
Joined: Mon Apr 19, 2010 10:50 pm

Re: 40K/yr at Cornell or Harvard at sticker

Postby SupraVln180 » Wed Mar 23, 2011 11:46 pm

I know it is tough to swallow the debt, but you have to go to Harvard man.

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The Stig
Posts: 567
Joined: Sat Oct 30, 2010 12:27 pm

Re: 40K/yr at Cornell or Harvard at sticker

Postby The Stig » Wed Mar 23, 2011 11:56 pm

I'm looking at a similar situation (but substitute SLS for HLS...still waiting on finaid info though) and looking at 200k+ of debt. Obviously, debt-averseness is different for anyone, but I will share what my professor (HLS grad) told me about considering scholarships in the decision-making process.

He was completely in support of investing in the "best" school that I could choose from that I felt comfortable in/liked. Essentially that another 100k of debt could be paid off in a extra couple of years at a big firm, but the law school experience/network/benefits of the "better" school will pay off for the rest of one's life. He is under 40, but went from a V5 firm to an NGO to an Oxford PhD to Treasury to a professor at my UG school since graduating from HLS 15 years ago. He commented that his degree from HLS was a nice boost for everything to which he applied, not just his first job.

Long story short, you can pay off extra HLS debt in a couple years, but reap all the benefits for the rest of your life (50+years, right?). Hope that helps!

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99.9luft
Posts: 1244
Joined: Wed Nov 10, 2010 4:32 pm

Re: 40K/yr at Cornell or Harvard at sticker

Postby 99.9luft » Wed Mar 23, 2011 11:59 pm

jfs64 wrote:Thanks for the advice. I know that Harvard will give me a better shot at the uber-competitive positions, but the thought of taking out almost 200,000 in loans is kind of terrifying.


man up and go to H.

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Leira7905
Posts: 384
Joined: Fri Oct 29, 2010 9:42 pm

Re: 40K/yr at Cornell or Harvard at sticker

Postby Leira7905 » Thu Mar 24, 2011 12:01 am

IMHO, the only thing that should stop you from choosing Harvard is an acceptance from Yale.

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Knock
Posts: 5152
Joined: Wed Jun 10, 2009 3:09 pm

Re: 40K/yr at Cornell or Harvard at sticker

Postby Knock » Thu Mar 24, 2011 4:12 am

Harvard at sticker.

rebexness
Posts: 4163
Joined: Sun Jan 09, 2011 6:24 am

Re: 40K/yr at Cornell or Harvard at sticker

Postby rebexness » Thu Mar 24, 2011 4:04 pm

Last edited by rebexness on Thu Nov 13, 2014 4:24 pm, edited 1 time in total.

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ndirish2010
Posts: 2951
Joined: Mon Dec 14, 2009 4:41 pm

Re: 40K/yr at Cornell or Harvard at sticker

Postby ndirish2010 » Thu Mar 24, 2011 5:24 pm

Harvard.




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