Please help me make my decision (poll included)

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

Which would you choose?

Harvard (sticker)
109
64%
Chicago (45k scholarship)
1
1%
NYU (50k scholarship)
10
6%
Berkeley (applied for UVA matching scholly)
8
5%
UVA (105k scholarship)
18
11%
Penn (applied for 60-90k scholarship)
6
4%
Michigan (67.5k scholarship)
2
1%
Georgetown (97k scholarship)
3
2%
UT (Full-ride)
12
7%
 
Total votes: 169

User avatar
yarsten
Posts: 184
Joined: Sat Jul 14, 2012 11:28 am

Re: Please help me make my decision (poll included)

Postby yarsten » Sat Mar 16, 2013 11:24 am

quiver wrote:
Teflon_Don wrote:
quiver wrote:
Teflon_Don wrote:I think HLS opens doors second to none. Besides YS.
I laughed at this.

FWIW: I'd probably go with H --> biglaw for a few years paying as little on your loans as possible and saving as much as possible --> gov/PI + LIPP + PSLF. Going to H actually makes that a feasible path and it gives you both the geographic and career flexibility to go other routes/places if your goals change. Can't really go wrong with any of your options though. Congrats!


Thanks for your input! Could you explain more about paying as little on my loan as possible while in big law?
If you're going the gov/PI route after a few years in biglaw, then you'll be in qualifying employment for Public Service Loan Forgiveness (PSLF). Therefore, your loans will be forgiven after 10 years in gov/PI anyway and there's little point in paying down a big chunk of your loans while in biglaw. Depending on the job, H's LIPP should cover your loan payments while you're in gov/PI anyway so you'll basically have almost your entire salary + whatever you saved in biglaw to live off of. If you end up staying in biglaw, you can simply use all the money you saved to pay off a huge chunk of loans at once.

I normally don't suggest this career path because gov/PI is so difficult to get that you can't really plan on getting one of those jobs at the time you enter biglaw. But since you'll have a degree from H and are geographically flexible, I think it's actually a feasible path in your case.


This plan seems reasonable- just know that there are limits to how much you can save with LIPP before your savings start to affect your LIPP payments. I think you can save 10k to start and then 8k a year after law school. So if you work in Biglaw for four years you can save:
$10k+ (4 x $8k) = $42k.
Any more than that and it becomes unprotected and will affect how much help you receive in paying your loans during your next job. You can check out the LIPP website for more details. Just an FYI.

User avatar
Teflon_Don
Posts: 474
Joined: Tue Feb 14, 2012 7:04 pm

Re: Please help me make my decision (poll included)

Postby Teflon_Don » Sat Mar 16, 2013 12:03 pm

Thanks for your input! Could you explain more about paying as little on my loan as possible while in big law?[/quote]If you're going the gov/PI route after a few years in biglaw, then you'll be in qualifying employment for Public Service Loan Forgiveness (PSLF). Therefore, your loans will be forgiven after 10 years in gov/PI anyway and there's little point in paying down a big chunk of your loans while in biglaw. Depending on the job, H's LIPP should cover your loan payments while you're in gov/PI anyway so you'll basically have almost your entire salary + whatever you saved in biglaw to live off of. If you end up staying in biglaw, you can simply use all the money you saved to pay off a huge chunk of loans at once.

I normally don't suggest this career path because gov/PI is so difficult to get that you can't really plan on getting one of those jobs at the time you enter biglaw. But since you'll have a degree from H and are geographically flexible, I think it's actually a feasible path in your case.[/quote]

This plan seems reasonable- just know that there are limits to how much you can save with LIPP before your savings start to affect your LIPP payments. I think you can save 10k to start and then 8k a year after law school. So if you work in Biglaw for four years you can save:
$10k+ (4 x $8k) = $42k.
Any more than that and it becomes unprotected and will affect how much help you receive in paying your loans during your next job. You can check out the LIPP website for more details. Just an FYI.[/quote]

Very good to know!

User avatar
Teflon_Don
Posts: 474
Joined: Tue Feb 14, 2012 7:04 pm

Re: Please help me make my decision (poll included)

Postby Teflon_Don » Mon Mar 18, 2013 2:08 pm

Last update, I deposited at HLS today. Thanks for everyone's advice, it definitely helped me in making this decision!

User avatar
yarsten
Posts: 184
Joined: Sat Jul 14, 2012 11:28 am

Re: Please help me make my decision (poll included)

Postby yarsten » Mon Mar 18, 2013 2:20 pm

Awesome! Good luck, maybe I'll see you there.

User avatar
Dr. Dre
Posts: 2347
Joined: Mon Feb 18, 2013 7:10 pm

Re: Please help me make my decision (poll included)

Postby Dr. Dre » Mon Mar 18, 2013 3:07 pm

yarsten wrote:Awesome! Good luck, maybe I'll see you there.




Return to “Choosing a Law School”

Who is online

Users browsing this forum: Baidu [Spider], SweetTort and 3 guests