Insane Not to Accept Hamilton?

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HamDel
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Insane Not to Accept Hamilton?

Postby HamDel » Wed Apr 20, 2011 12:09 pm

A friend of mine is weighing the Hamilton at Columbia (full ride) vs. Harvard at sticker. I'm obviously biased, but I told her it would be totally crazy not to take the scholarship at Columbia. She's not sure what she wants to do yet, but will probably start at a large law firm. I told her it seems like a bad decision to lock herself into all that debt just for a marginally more prestigious degree that will probably take her to the same job she would have after graduation anyway. Is there a really justifiable reason to turn down the Hamilton that I'm not thinking of?

sonervous88
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Re: Insane Not to Accept Hamilton?

Postby sonervous88 » Wed Apr 20, 2011 12:10 pm

i wouldn't. hamilton is awesome

d34d9823
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Re: Insane Not to Accept Hamilton?

Postby d34d9823 » Wed Apr 20, 2011 12:12 pm

Common sentiment is that Hamilton = Harvard. So no, she's not insane. She just has a preference in a really close decision.

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Cavalier
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Re: Insane Not to Accept Hamilton?

Postby Cavalier » Wed Apr 20, 2011 12:15 pm

I think she'd be insane to turn it down. Sure, a handful of doors will be closed, but many more will be opened by being able to graduate with little debt.

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joemoviebuff
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Re: Insane Not to Accept Hamilton?

Postby joemoviebuff » Wed Apr 20, 2011 12:18 pm

You need a poll.

And I'd take the Hamilton in a heartbeat.

FiveSermon
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Re: Insane Not to Accept Hamilton?

Postby FiveSermon » Wed Apr 20, 2011 12:20 pm

Hamilton all the way.

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BigBenD
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Re: Insane Not to Accept Hamilton?

Postby BigBenD » Wed Apr 20, 2011 12:21 pm

d34dluk3 wrote:Common sentiment is that Hamilton = Harvard. So no, she's not insane. She just has a preference in a really close decision.


I am really skeptical about the truth of that little equation there. It doesn't seem to make any mathematical, logical, or financial sense. Realistically speaking, Columbia can place you almost anywhere that Harvard can, and--all else equal--there would be no reason to expect a higher paying job with a Harvard degree than with a Columbia degree. At the very least, I don't see how that salary difference (if it were to exist) could possibly justify 160K in debt. If you're paying for the prestige, Columbia is plenty prestigious, and Harvard is not 160K more prestigious. It just doesn't make sense. I think you're right, OP--"insane" is the proper adjective.

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Nicholasnickynic
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Re: Insane Not to Accept Hamilton?

Postby Nicholasnickynic » Wed Apr 20, 2011 12:21 pm

Cavalier wrote:I think she'd be insane to turn it down. Sure, a handful of doors will be closed, but many more will be opened by being able to graduate with little debt.


+150k

FiveSermon
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Re: Insane Not to Accept Hamilton?

Postby FiveSermon » Wed Apr 20, 2011 12:21 pm

BigBenD wrote:
d34dluk3 wrote:Common sentiment is that Hamilton = Harvard. So no, she's not insane. She just has a preference in a really close decision.


I am really skeptical about the truth of that little equation there. It doesn't seem to make any mathematical, logical, or financial sense. Realistically speaking, Columbia can place you almost anywhere that Harvard can, and--all else equal--there would be no reason to expect a higher paying job with a Harvard degree than with a Columbia degree. At the very least, I don't see how that salary difference (if it were to exist) could possibly justify 160K in debt. If you're paying for the prestige, Columbia is plenty prestigious, and Harvard is not 160K more prestigious. It just doesn't make sense. I think you're right, OP--"insane" is the proper adjective.


Especially when you consider the interest on the 160k.

d34d9823
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Re: Insane Not to Accept Hamilton?

Postby d34d9823 » Wed Apr 20, 2011 12:22 pm

BigBenD wrote:
d34dluk3 wrote:Common sentiment is that Hamilton = Harvard. So no, she's not insane. She just has a preference in a really close decision.


I am really skeptical about the truth of that little equation there. It doesn't seem to make any mathematical, logical, or financial sense. Realistically speaking, Columbia can place you almost anywhere that Harvard can, and--all else equal--there would be no reason to expect a higher paying job with a Harvard degree than with a Columbia degree. At the very least, I don't see how that salary difference (if it were to exist) could possibly justify 160K in debt. If you're paying for the prestige, Columbia is plenty prestigious, and Harvard is not 160K more prestigious. It just doesn't make sense. I think you're right, OP--"insane" is the proper adjective.

It depends on what you want to do. If you want big law, you're probably right. If you have bigger ambitions, Harvard opens doors that Columbia can't.

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Nicholasnickynic
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Re: Insane Not to Accept Hamilton?

Postby Nicholasnickynic » Wed Apr 20, 2011 12:25 pm

d34dluk3 wrote:
BigBenD wrote:
d34dluk3 wrote:Common sentiment is that Hamilton = Harvard. So no, she's not insane. She just has a preference in a really close decision.


I am really skeptical about the truth of that little equation there. It doesn't seem to make any mathematical, logical, or financial sense. Realistically speaking, Columbia can place you almost anywhere that Harvard can, and--all else equal--there would be no reason to expect a higher paying job with a Harvard degree than with a Columbia degree. At the very least, I don't see how that salary difference (if it were to exist) could possibly justify 160K in debt. If you're paying for the prestige, Columbia is plenty prestigious, and Harvard is not 160K more prestigious. It just doesn't make sense. I think you're right, OP--"insane" is the proper adjective.

It depends on what you want to do. If you want big law, you're probably right. If you have bigger ambitions, Harvard opens doors that Columbia can't.


Why only "probably right" for big law?

rundoxierun
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Re: Insane Not to Accept Hamilton?

Postby rundoxierun » Wed Apr 20, 2011 12:26 pm

As someone who will be attending Harvard at a discount, I wouldve taken ANY top 10 full ride over HYS if I were facing sticker.

ExpectLess
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Re: Insane Not to Accept Hamilton?

Postby ExpectLess » Wed Apr 20, 2011 12:30 pm

d34dluk3 wrote:
BigBenD wrote:
d34dluk3 wrote:Common sentiment is that Hamilton = Harvard. So no, she's not insane. She just has a preference in a really close decision.


I am really skeptical about the truth of that little equation there. It doesn't seem to make any mathematical, logical, or financial sense. Realistically speaking, Columbia can place you almost anywhere that Harvard can, and--all else equal--there would be no reason to expect a higher paying job with a Harvard degree than with a Columbia degree. At the very least, I don't see how that salary difference (if it were to exist) could possibly justify 160K in debt. If you're paying for the prestige, Columbia is plenty prestigious, and Harvard is not 160K more prestigious. It just doesn't make sense. I think you're right, OP--"insane" is the proper adjective.

It depends on what you want to do. If you want big law, you're probably right. If you have bigger ambitions, Harvard opens doors that Columbia can't.


Let's please not propagate false information.

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bk1
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Re: Insane Not to Accept Hamilton?

Postby bk1 » Wed Apr 20, 2011 12:32 pm

d34dluk3 wrote:It depends on what you want to do. If you want big law, you're probably right. If you have bigger ambitions, Harvard opens doors that Columbia can't.


This sounds about right. Harvard will have significant advantages for clerkships/academia/prestigiousstuff/etc, but the thing is that these will still be hard to get at Harvard. Obviously CLS is the right choice for biglaw.

I mean if you really really want those things then go to Harvard but I am not sure that sticker at H is justified from a cost/benefit analysis compared to 70k at C.

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bk1
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Re: Insane Not to Accept Hamilton?

Postby bk1 » Wed Apr 20, 2011 12:33 pm

ExpectLess wrote:Let's please not propagate false information.


Oh come now. If we look at something as simple as A3 clerkships, the difference between the two is definitely significant.

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vanwinkle
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Re: Insane Not to Accept Hamilton?

Postby vanwinkle » Wed Apr 20, 2011 12:34 pm

If the goal is NYC BigLaw, the Hamilton is TCR.

ExpectLess
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Re: Insane Not to Accept Hamilton?

Postby ExpectLess » Wed Apr 20, 2011 12:35 pm

bk1 wrote:
ExpectLess wrote:Let's please not propagate false information.


Oh come now. If we look at something as simple as A3 clerkships, the difference between the two is definitely significant.


You have to be at a less high rank at Harvard to get the same opportunities as Columbia. To say that Harvard has doors that Columbia can't access is just wrong.

CanadianWolf
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Re: Insane Not to Accept Hamilton?

Postby CanadianWolf » Wed Apr 20, 2011 12:36 pm

It would be insane not to accept a Hamilton scholarship if that person attends Columbia.

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bk1
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Re: Insane Not to Accept Hamilton?

Postby bk1 » Wed Apr 20, 2011 12:37 pm

ExpectLess wrote:You have to be at a less high rank at Harvard to get the same opportunities as Columbia. To say that Harvard has doors that Columbia can't access is just wrong.


It was a tad hyperbolic but now you're just arguing semantics when it was representative of the truth.

ExpectLess
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Re: Insane Not to Accept Hamilton?

Postby ExpectLess » Wed Apr 20, 2011 12:41 pm

bk1 wrote:
ExpectLess wrote:You have to be at a less high rank at Harvard to get the same opportunities as Columbia. To say that Harvard has doors that Columbia can't access is just wrong.


It was a tad hyperbolic but now you're just arguing semantics when it was representative of the truth.


To me, there is a BIG difference between saying that Harvard will give you opportunities that Columbia can't, and that Harvard will make the same opportunities somewhat easier to get.

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vanwinkle
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Re: Insane Not to Accept Hamilton?

Postby vanwinkle » Wed Apr 20, 2011 12:42 pm

ExpectLess wrote:You have to be at a less high rank at Harvard to get the same opportunities as Columbia. To say that Harvard has doors that Columbia can't access is just wrong.

This is absolutely false. However, when it comes to OCI/NYC BigLaw specifically, the gap is too small to be worth discussing.

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Law Sauce
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Re: Insane Not to Accept Hamilton?

Postby Law Sauce » Wed Apr 20, 2011 12:44 pm

No not insane. Debatable, but neither choice is wrong.

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tea_drinker
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Re: Insane Not to Accept Hamilton?

Postby tea_drinker » Wed Apr 20, 2011 12:47 pm

tkgrrett wrote:As someone who will be attending Harvard at a discount, I wouldve taken ANY top 10 full ride over HYS if I were facing sticker.


Not to derail this thread, but didn't you get the Darrow from Michigan?

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samsonyte16
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Re: Insane Not to Accept Hamilton?

Postby samsonyte16 » Wed Apr 20, 2011 12:47 pm

Neither decision is insane. Paying for Harvard is a sound investment, as is the scholarship at Columbia. Which one he/she takes should come down to her interests and goals, as well as which place seems like the best fit. Speaking as someone who has made the decision between HYS and T10 for free, and has met many others in the same position, I can verify that there is nothing easy or obvious about this choice. My advice is to go to the school that feels the most comfortable and not worry too much about cost/benefit analysis.

071816
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Re: Insane Not to Accept Hamilton?

Postby 071816 » Wed Apr 20, 2011 12:48 pm

Yes. I think she would be insane to turn it down, but that's just my opinion.
Last edited by 071816 on Wed Apr 20, 2011 12:51 pm, edited 1 time in total.




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