Houston/SMU @ sticker

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ilovetonyromo
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Houston/SMU @ sticker

Postby ilovetonyromo » Fri Feb 10, 2012 3:22 pm

bad idea?

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Tiago Splitter
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Re: Houston/SMU @ sticker

Postby Tiago Splitter » Fri Feb 10, 2012 3:24 pm

Bad Idea Jeans.

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kalvano
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Re: Houston/SMU @ sticker

Postby kalvano » Fri Feb 10, 2012 3:52 pm

Bad on an epic scale.

apeopleshistory
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Re: Houston/SMU @ sticker

Postby apeopleshistory » Sat Feb 11, 2012 9:17 pm

.
Last edited by apeopleshistory on Sat Jun 02, 2012 10:03 pm, edited 1 time in total.

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Flappy Scribbleneck
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Re: Houston/SMU @ sticker

Postby Flappy Scribbleneck » Sun Feb 12, 2012 10:19 am

apeopleshistory wrote:Houston COA @ sticker=132k (in state)
SMU COA @ sticker= 193k

Um, that is a big difference unless you are oos.


The worst part is it is actually $210k at SMU

http://smu.edu/financial_aid/graduate_Costs.asp

apeopleshistory
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Re: Houston/SMU @ sticker

Postby apeopleshistory » Sun Feb 12, 2012 11:30 am

.
Last edited by apeopleshistory on Sat Jun 02, 2012 10:03 pm, edited 1 time in total.

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mattviphky
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Re: Houston/SMU @ sticker

Postby mattviphky » Sun Feb 12, 2012 11:32 am

Flappy Scribbleneck wrote:
apeopleshistory wrote:Houston COA @ sticker=132k (in state)
SMU COA @ sticker= 193k

Um, that is a big difference unless you are oos.


The worst part is it is actually $210k at SMU

http://smu.edu/financial_aid/graduate_Costs.asp


That estimate is high as hell. 20k for room and board? No.

srfngdd6
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Re: Houston/SMU @ sticker

Postby srfngdd6 » Sun Feb 12, 2012 11:53 am

apeopleshistory wrote:Houston COA @ sticker=132k (in state)
SMU COA @ sticker= 193k

Um, that is a big difference unless you are oos.


either one is not a good idea

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Flappy Scribbleneck
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Re: Houston/SMU @ sticker

Postby Flappy Scribbleneck » Sun Feb 12, 2012 12:50 pm

mattviphky wrote:
Flappy Scribbleneck wrote:
apeopleshistory wrote:Houston COA @ sticker=132k (in state)
SMU COA @ sticker= 193k

Um, that is a big difference unless you are oos.


The worst part is it is actually $210k at SMU

http://smu.edu/financial_aid/graduate_Costs.asp


That estimate is high as hell. 20k for room and board? No.


Agreed - even living alone in the area of the school, 20K should take care of your living expenses for nine months, but it is still likely that SMU is more than $193,000 COA at sticker. I am being told we have the summer to think about, also: little chance of paid legal employment = more loans. If you room with someone and stay pretty frugal you can probably stretch $20k for 12 months.

ilovetonyromo
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Re: Houston/SMU @ sticker

Postby ilovetonyromo » Sun Feb 12, 2012 1:13 pm

I wont be taking out any loans, job prospects out of both of these are pretty good, or better than most, still not worth it?

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Tiago Splitter
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Re: Houston/SMU @ sticker

Postby Tiago Splitter » Sun Feb 12, 2012 1:50 pm

ilovetonyromo wrote:I wont be taking out any loans, job prospects out of both of these are pretty good, or better than most, still not worth it?


If you are paying 130-200K out of pocket, then no it's not worth it. Buy something useful with that money.

If you have rich family that will pay for everything, why did you even ask?

timbs4339
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Re: Houston/SMU @ sticker

Postby timbs4339 » Sun Feb 12, 2012 1:51 pm

ilovetonyromo wrote:I wont be taking out any loans, job prospects out of both of these are pretty good, or better than most, still not worth it?


Why won't you have loans?

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Aberzombie1892
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Re: Houston/SMU @ sticker

Postby Aberzombie1892 » Sun Feb 12, 2012 2:12 pm

Yeah just because you may have the money doesn't mean you should waste it.

Paul Campos
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Re: Houston/SMU @ sticker

Postby Paul Campos » Sun Feb 12, 2012 2:24 pm

Kid: I have an awesome idea for a small business, but I need $50,000 in start-up capital.

Mom and Dad: Are you crazy?

Kid: Can I have $200,000 to go to SMU's law school?

Mom and Dad: That sounds like a great idea!

ilovetonyromo
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Re: Houston/SMU @ sticker

Postby ilovetonyromo » Sun Feb 12, 2012 2:29 pm

I don't get why it would be a waste. If I was getting a full ride or paying sticker, I'd have the same job prospects either way. Full ride: everyone say's its great you should go. Paying for it: no no terrible idea. Why is this? And yes my parents will be paying for it.

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Tiago Splitter
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Re: Houston/SMU @ sticker

Postby Tiago Splitter » Sun Feb 12, 2012 2:44 pm

ilovetonyromo wrote:I don't get why it would be a waste. If I was getting a full ride or paying sticker, I'd have the same job prospects either way. Full ride: everyone say's its great you should go. Paying for it: no no terrible idea. Why is this? And yes my parents will be paying for it.


So again, why did you ask? The cost makes a huge difference in whether or not it's worth it. Asking whether or not Houston or SMU are worth it at sticker causes everyone to assume that you will be graduating with six-figure debt.

As for job prospects, debt matters. Neither of these schools is likely to put you into a job that makes paying off six-figure debt easy. But they are likely to put you into some kind of legal job, and if that's all that matters to you, go for it.

timbs4339
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Re: Houston/SMU @ sticker

Postby timbs4339 » Sun Feb 12, 2012 2:54 pm

ilovetonyromo wrote:I don't get why it would be a waste. If I was getting a full ride or paying sticker, I'd have the same job prospects either way. Full ride: everyone say's its great you should go. Paying for it: no no terrible idea. Why is this? And yes my parents will be paying for it.


The next question you need to ask is: will my parents be drawing from their home equity, their retirement savings, or will their quality of life be going down at all because of my decision to go to law school? If giving you 200K is at all a burden on your folks, you need to reconsider.

Look, if your parents can pay for it without it hurting their lifestyle or drawing from their home equity or retirement savings, go for it. Worse case scenario you live somewhere else for three years and come out still unemployed or making 40-50K. But there are a hell of a lot more productive things I could think of to do with three years and 200K than go to either of these two law schools.

ilovetonyromo
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Re: Houston/SMU @ sticker

Postby ilovetonyromo » Sun Feb 12, 2012 6:31 pm

Sounds good, thanks

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Gail
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Re: Houston/SMU @ sticker

Postby Gail » Sun Feb 12, 2012 8:15 pm

Neither at sticker is a wise cost if it will have a financial impact that hurts you. Seriously, just 120k a year an you'll need a 65k job (no guarantee from any school) to pay it off in a reasonable amount of time.

Luckily for you, it seems like you don't have that issue. Your parents are loaded and you won the genetics game. You seem to have pretty great luck. I like your chances.

I say go to SMU and give back to the world by subsidizing some other poor bastard's scholarship.




Also,

Paul Campos wrote:Kid: I have an awesome idea for a small business, but I need $50,000 in start-up capital.


I get what you're saying here. But you're really, really underestimating how hard it is to succeed as an entrepreneur. It's the same odds as law school. Though there's less cost, so all else equal you do that.

Problem is, just like not everyone can do law, not everyone can be a business owner. If he doesn't have a good idea or the ability to be an entrepreneur, 50k start up is only a smaller waste of money.

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Flappy Scribbleneck
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Re: Houston/SMU @ sticker

Postby Flappy Scribbleneck » Mon Feb 13, 2012 6:02 pm

250k wouldn't start a business worth owning for 99% of the population.




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