Top School or graduate debt free?

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NYFGJoe
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Top School or graduate debt free?

Postby NYFGJoe » Tue Apr 30, 2013 4:58 pm

I'm currently struggling to decide whether I should attend Columbia Law School at full price, which would require that I take out a large loan, or whether I should accept a $40,000/year scholarship offer from George Washington, which would allow me to graduate debt free (or close to it). I know that for working in big law firms, Columbia is the better choice, but I'm not sure whether that's something I want to do. Going to GW would give me more flexibility in terms of not feeling forced to take a big law job just to pay off the loans, but Columbia would open more doors for employment opportunities. I grew up in New York and probably want to live there after graduation, and while Columbia places more graduates in NY, GW has a decent amount there also. I know you obviously won't have an answer of where I should go, but do you have any advice? How hard is it to pay off student loans? Is there anything else I should be considering? Thanks.

(Sorry if this is in the wrong part of the forum.)

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howlery
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Re: Top School or graduate debt free?

Postby howlery » Tue Apr 30, 2013 5:01 pm

You don't have any other options within the T14? I'd imagine that if you could get in to Columbia you'd also be extended at least some money at a lower T14. Did you apply to Cornell?

NYFGJoe
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Re: Top School or graduate debt free?

Postby NYFGJoe » Tue Apr 30, 2013 5:06 pm

The other T14 schools I got into were Cornell and Georgetown. Georgetown gave me no money. Cornell gave me $45K/year. However, I'm a current undergraduate at Cornell and can't imagine spending another 3 years in isolated Ithaca. I would rather go to GW.

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IAFG
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Re: Top School or graduate debt free?

Postby IAFG » Tue Apr 30, 2013 5:08 pm

Are you an engineer

NYFGJoe
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Re: Top School or graduate debt free?

Postby NYFGJoe » Tue Apr 30, 2013 5:09 pm

IAFG wrote:Are you an engineer


No. History major. Although I don't really see how that's relevant.

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IAFG
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Re: Top School or graduate debt free?

Postby IAFG » Tue Apr 30, 2013 5:10 pm

NYFGJoe wrote:
IAFG wrote:Are you an engineer


No. History major. Although I don't really see how that's relevant.

Because the only way I would suggest GW over CLS is if you were IP secure.

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IAFG
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Re: Top School or graduate debt free?

Postby IAFG » Tue Apr 30, 2013 5:11 pm

I would bet a large sum of money that in 3 years you will be kicking yourself for not just biting the bullet and going back to Ithaca.

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francesfarmer
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Re: Top School or graduate debt free?

Postby francesfarmer » Tue Apr 30, 2013 5:17 pm

NYFGJoe wrote:The other T14 schools I got into were Cornell and Georgetown. Georgetown gave me no money. Cornell gave me $45K/year. However, I'm a current undergraduate at Cornell and can't imagine spending another 3 years in isolated Ithaca. I would rather go to GW.

Get Georgetown to match Cornell?

NYFGJoe
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Re: Top School or graduate debt free?

Postby NYFGJoe » Tue Apr 30, 2013 5:19 pm

francesfarmer wrote:
NYFGJoe wrote:The other T14 schools I got into were Cornell and Georgetown. Georgetown gave me no money. Cornell gave me $45K/year. However, I'm a current undergraduate at Cornell and can't imagine spending another 3 years in isolated Ithaca. I would rather go to GW.

Get Georgetown to match Cornell?

Tried and failed. Also, failed to get NYU to match Cornell and GW (not that I expected them to).

RodneyBoonfield
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Re: Top School or graduate debt free?

Postby RodneyBoonfield » Tue Apr 30, 2013 5:26 pm

Is this not a no-brainer for Cornell? I don't understand.

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bk1
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Re: Top School or graduate debt free?

Postby bk1 » Tue Apr 30, 2013 5:31 pm

Cornell and it's not even close.

062914123
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Re: Top School or graduate debt free?

Postby 062914123 » Tue Apr 30, 2013 5:40 pm

.
Last edited by 062914123 on Mon Jun 30, 2014 3:02 pm, edited 1 time in total.

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nickb285
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Re: Top School or graduate debt free?

Postby nickb285 » Tue Apr 30, 2013 5:41 pm

Suck it up, spend three more years in Ithaca, then do whatever you want to do with low debt and a T14 law degree. Seriously.

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Icculus
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Re: Top School or graduate debt free?

Postby Icculus » Tue Apr 30, 2013 5:45 pm

bee wrote:
bk1 wrote:Cornell and it's not even close.

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Tekrul
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Re: Top School or graduate debt free?

Postby Tekrul » Tue Apr 30, 2013 5:48 pm

Cornell. To put it in perspective, you are wagering a 50 year career for 3 years now cause you dont 'like' Ithaca . Youth is blinding you with instant gratification

09042014
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Re: Top School or graduate debt free?

Postby 09042014 » Tue Apr 30, 2013 5:48 pm

Tekrul wrote:Cornell. To put it in perspective, you are wagering a 50 year career for 3 years now cause you dont 'like' Ithaca . Youth is blinding you with instant gratification


DC sucks anyway. The women there look like Clinton.

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hephaestus
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Re: Top School or graduate debt free?

Postby hephaestus » Tue Apr 30, 2013 5:56 pm

Icculus wrote:
bee wrote:
bk1 wrote:Cornell and it's not even close.

NanaP
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Re: Top School or graduate debt free?

Postby NanaP » Tue Apr 30, 2013 6:15 pm

NYFGJoe wrote:The other T14 schools I got into were Cornell and Georgetown. Georgetown gave me no money. Cornell gave me $45K/year. However, I'm a current undergraduate at Cornell and can't imagine spending another 3 years in isolated Ithaca. I would rather go to GW.



I agree with everyone here, suck it up....it's three more years with minimum debt and a great degree....way better option than GW.....

NYFGJoe
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Re: Top School or graduate debt free?

Postby NYFGJoe » Tue Apr 30, 2013 6:54 pm

Tekrul wrote:Cornell. To put it in perspective, you are wagering a 50 year career for 3 years now cause you dont 'like' Ithaca . Youth is blinding you with instant gratification


That's not what I said. I like Ithaca a lot. However, I examined both schools and came to the conclusion that being in DC provides a wider range of opportunities to do externships/clinics than being in Ithaca. And it's not like 14 vs 21 in the rankings is a huge difference. Frankly, I didn't understand why Cornell Law was ranked higher than GW.

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$peppercorn
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Re: Top School or graduate debt free?

Postby $peppercorn » Tue Apr 30, 2013 6:59 pm

Cornell, without a doubt, is your best choice.

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phillywc
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Re: Top School or graduate debt free?

Postby phillywc » Tue Apr 30, 2013 7:00 pm

NYFGJoe wrote:
Tekrul wrote:Cornell. To put it in perspective, you are wagering a 50 year career for 3 years now cause you dont 'like' Ithaca . Youth is blinding you with instant gratification


That's not what I said. I like Ithaca a lot. However, I examined both schools and came to the conclusion that being in DC provides a wider range of opportunities to do externships/clinics than being in Ithaca. And it's not like 14 vs 21 in the rankings is a huge difference. Frankly, I didn't understand why Cornell Law was ranked higher than GW.

http://www.lstscorereports.com/?school=cornell
http://www.lstscorereports.com/?school=gw

Both are actually good schools. Cornell is in another league though. It's called the T-14 for a reason (Check out the large firm scores if they don't seem different at first blush).

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dawyzest1
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Re: Top School or graduate debt free?

Postby dawyzest1 » Tue Apr 30, 2013 7:02 pm

NYFGJoe wrote:
Tekrul wrote:Cornell. To put it in perspective, you are wagering a 50 year career for 3 years now cause you dont 'like' Ithaca . Youth is blinding you with instant gratification


That's not what I said. I like Ithaca a lot. However, I examined both schools and came to the conclusion that being in DC provides a wider range of opportunities to do externships/clinics than being in Ithaca. And it's not like 14 vs 21 in the rankings is a huge difference. Frankly, I didn't understand why Cornell Law was ranked higher than GW.


Be that as it may, law school is professional school meaning that employment prospects trump educational experience to a certain extent. Cornell at a discounted price gives you a good chance of securing an optimal outcome with acceptable downside risk. I'd be all-in on Cornell.

Mal Reynolds
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Re: Top School or graduate debt free?

Postby Mal Reynolds » Tue Apr 30, 2013 7:02 pm

NYFGJoe wrote:
Tekrul wrote:Cornell. To put it in perspective, you are wagering a 50 year career for 3 years now cause you dont 'like' Ithaca . Youth is blinding you with instant gratification


That's not what I said. I like Ithaca a lot. However, I examined both schools and came to the conclusion that being in DC provides a wider range of opportunities to do externships/clinics than being in Ithaca. And it's not like 14 vs 21 in the rankings is a huge difference. Frankly, I didn't understand why Cornell Law was ranked higher than GW.


This is the height of stupidity. There is a huge difference between Cornell and GW. You would be insane to take GW over Cornell.

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Rahviveh
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Re: Top School or graduate debt free?

Postby Rahviveh » Tue Apr 30, 2013 7:14 pm

Damn... is Ithaca that bad?

09042014
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Re: Top School or graduate debt free?

Postby 09042014 » Tue Apr 30, 2013 7:17 pm

NYFGJoe wrote:
Tekrul wrote:Cornell. To put it in perspective, you are wagering a 50 year career for 3 years now cause you dont 'like' Ithaca . Youth is blinding you with instant gratification


That's not what I said. I like Ithaca a lot. However, I examined both schools and came to the conclusion that being in DC provides a wider range of opportunities to do externships/clinics than being in Ithaca. And it's not like 14 vs 21 in the rankings is a huge difference. Frankly, I didn't understand why Cornell Law was ranked higher than GW.


Do Cornell and just do an externship in DC one semester. http://www.lawschool.cornell.edu/academ ... rnship.cfm




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