Cornell or Georgetown

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

Which school to choose

Cornell (COA 64,942 per year)
28
72%
Georgetown (COA 53,496 per year)
11
28%
 
Total votes: 39

whatchoicetomake
Posts: 19
Joined: Tue Jun 14, 2011 4:11 pm

Cornell or Georgetown

Postby whatchoicetomake » Mon Jun 20, 2011 6:36 pm

I posted a thread earlier but now have concrete numbers.

Cornell's COA is 64,942 per year compared to GULC 53,496. Note that I took into account a 3.5% increase to COA. I then found the sum of 3 years COA and divided by 3 for my COA numbers

Monthly payments woudl be as follows

Cornell 2,694 per month over 10 years 1,683 per month over 25 years
GULC 2,197 per month over 10 years 1,368 per month over 25 years

GULC's money is need based and can be removed if I obtain an SA. This would raise the COA to about 60,000 per year average if I obtain an SA. Cornell's is cemented there for all three years.


Prior to acceptance to Cornell, I was on the fence between private v. prosecutorial work. I am now leaning towards private in no small part because of http://www.lawschool.cornell.edu/careers/aboutus/upload/2010finalstats.pdf Class of 2010 placed 144 graduates into law firms of over 100 attorneys (and I am assuming market rate salaries for close to all of them) and 15 into clerkships (likely ~ 11 in A3 based on historical trends of 6%). Using just A3 clerks and the 144 number, I see a total of 155/193 graduates (80%) into jobs that pay well. Add in 16 in either PI, goverment, or military who can use Cornell's version of LRAP, and that number is 171/193 (~88.5%) of the class is likely sitting pretty. There are 11 students in business or other category (~5.5) and 5 (~2.5%) in private firms of less than 100 attorneys.

As for GULC, they placed 51.7% of the Class of 2010 into private firms. I do not have the breakdown into what size firm as I could not get it. Then roughly 15% into government and 14% into PI. There were 10% in clerkships, and if trends hold true about 5.5% into A3. The number that gives me pause is 9.7 in other, which is roughly 45-50 graduates.



As for the LRAP is I so choose government work, at GULC, I would be forced to stay in eligible work for ten years. Their LRAP is based on IBR and thus the loan principal will continue to grow until the loan is forgiven as my payments, which GULC would pay 100% of, would not cover the interest charges.

Cornell, they go based on the standard 10 year program. This means that I could be in eligible work for 5 years, and pay down my principal. As a prosecutor, I would likely be responsible for ~ $325 per month of the $2694 payment. Cornell would cover the rest.

Going to GULC means staying in first year housing next to the law school, with the fitness center right downstairs (both a big plus in my eyes). But it also means having a roommate (negative). Cornell would mean commuting to the school (figure less than 10 minute drive if it didn't snow 8 feet the night before) and no gym in the building (negatives). But living alone is a definite plud.

Lastly, as you can probably tell from above, I am leaning Cornell. Being a man of my word, I feel loyalty to GULC. I know I have not yet started, but they were my first acceptance in November. Career services has helped me update my resume, draft a cover letter, and prepare for the upcoming year. I have applied and interviewed for an internship with my congressman. And GULC is in DC. Thus, it is hard for me to think about withdrawing my acceptance, despite the "Ivy League" prestige of Cornell. I put the quotation marks as the designation means little generally, but the employment prospects may warrant it in this situation.

Thoughts?

User avatar
bk1
Posts: 18410
Joined: Sun Mar 14, 2010 7:06 pm

Re: Cornell or Georgetown

Postby bk1 » Mon Jun 20, 2011 6:39 pm

GULC at 160k, Cornell at 195k... I'd probably take GULC. Though you could make an argument that the debt level even at GULC is already so high that it is basically a coinflip.

User avatar
MC Southstar
Posts: 1238
Joined: Sat Sep 26, 2009 3:27 pm

Re: Cornell or Georgetown

Postby MC Southstar » Mon Jun 20, 2011 6:41 pm

Urge to troll overwhelming.

imbored25
Posts: 361
Joined: Fri Jun 18, 2010 8:58 pm

Re: Cornell or Georgetown

Postby imbored25 » Mon Jun 20, 2011 6:41 pm

G-Town

protein
Posts: 228
Joined: Thu Mar 10, 2011 3:44 am

Re: Cornell or Georgetown

Postby protein » Mon Jun 20, 2011 9:13 pm

cornell!!!

also forget about "being a man of your word" in this situation. you have to do what's best for you. GULC has a waitlist of people who would be ready and willing to fill your spot

User avatar
ndirish2010
Posts: 2950
Joined: Mon Dec 14, 2009 4:41 pm

Re: Cornell or Georgetown

Postby ndirish2010 » Mon Jun 20, 2011 9:15 pm

Damn these Cornell vs. GULC threads.

Lord Randolph McDuff
Posts: 1587
Joined: Wed Jun 08, 2011 4:37 pm

Re: Cornell or Georgetown

Postby Lord Randolph McDuff » Mon Jun 20, 2011 9:34 pm

protein wrote:cornell!!!

also forget about "being a man of your word" in this situation. you have to do what's best for you. GULC has a waitlist of people who would be ready and willing to fill your spot


Dunno I withdrew from GULC and they were kinda mean about it.. Where would you be happier living for three years?

Emma1
Posts: 543
Joined: Wed Jan 20, 2010 4:11 pm

Re: Cornell or Georgetown

Postby Emma1 » Mon Jun 20, 2011 9:51 pm

I would go where it is best for you. You are not morally bound to either school.

whatchoicetomake
Posts: 19
Joined: Tue Jun 14, 2011 4:11 pm

Re: Cornell or Georgetown

Postby whatchoicetomake » Tue Jun 21, 2011 4:31 pm

Cornell matched Georgetown. Decision made

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mths
Posts: 1098
Joined: Tue Nov 02, 2010 11:24 am

Re: Cornell or Georgetown

Postby mths » Tue Jun 21, 2011 4:32 pm

whatchoicetomake wrote:Cornell matched Georgetown. Decision made

see you in august :D




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