hellothisisme wrote:Doorkeeper wrote:hellothisisme wrote:I am bumping this because after discussing and negotiating with each school, UCLA increased my scholarship to 120k. Chicago is offering me 15k total (5k per year). I'm just wondering if this would change anybody's opinions. I think I know where I am leaning at this point. But if anybody has any additional insight I'd appreciate it.
At UCLA you will have to make sure you are top third to have a chance at biglaw.
At Chicago you are pretty close to biglaw secure so long as you don't royally bomb.
Is the difference worth 100k to you?
The thing is, I am not one of those biglaw or bust people. My parents are helping me out a little bit (about 20k total over the 3 years) with living expenses. At UCLA I don't think my debt amount would be so much that I would HAVE to get biglaw to pay it off. Whereas at Chicago, with that massive amount of debt, I would have to become a slave to the biglaw lifestyle, which is not something I'm sure I would want. Also, 100k isn't just a drop in the bucket.. at least not to me. I am pretty debt averse.
Not saying I'm 100 percent decided on UCLA at this point (though I do have to pay the deposit today). But these are things I need to think about.
With 140k paid, UCLA would still be around 100k, plus interest, for you (I'm not sure what COA is for UCLA). Other posters correct me if I'm wrong, but that might still require something well-paying to pay back in a timely manner. What do you want to do coming out of law school? Is it private practice, or PI work? If PI work, how is UCLA's LRAP, if it has one?