Northwestern (Sticker) vs. USC ($60k total)

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

Where would you attend?

Northwestern (sticker)
23
51%
USC ($60k total, $20k/year)
22
49%
 
Total votes: 45

Seasaltcoffee
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Northwestern (Sticker) vs. USC ($60k total)

Postby Seasaltcoffee » Fri May 24, 2013 5:19 pm

-From Southern California, never lived out of state.
-USC COA: Roughly $100K pre-interest
-Northwestern COA: Roughly $150-160K pre-interest
-Want to work biglaw in Cali

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Tiago Splitter
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby Tiago Splitter » Fri May 24, 2013 5:22 pm

Northwestern provides you with a much better chance of BigLaw, but not necessarily California BigLaw. Would you rather work BigLaw in NYC/Chicago or small law/non-legal work in California if the California BigLaw thing doesn't work out?

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Monochromatic Oeuvre
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby Monochromatic Oeuvre » Fri May 24, 2013 5:53 pm

I worry about reflexively telling everyone to retake, but stats?

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jbagelboy
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby jbagelboy » Fri May 24, 2013 6:08 pm

USC used to be a decent bet at CA biglaw, but now its numbers are a little depressing. Something like 22% of USC's graduating class was underemployed last year.

In raw terms, NU is easily worth $60K more than USC IMO. Your "pre-interest" calculations with no CoL are pretty useless here when it comes to comparing cost. At a certain point, NU becomes inadvisable as well.

Big Dog
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby Big Dog » Fri May 24, 2013 6:22 pm

I concur that NU is easily worth $60k more than 'SC, but not necessarily for someone who solely wants California, and was born and raised in SoCal. The Trojan Family is huge in SoCal, and I voted for USC for that reason.

09042014
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby 09042014 » Fri May 24, 2013 6:27 pm

USC wouldn't be the worst choice, but northwestern is considerably better at job placement and 60k isn't enough to overcome it.

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rickgrimes69
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby rickgrimes69 » Fri May 24, 2013 6:30 pm

Do you have outside funding? I don't understand how your COA figures are so low. I wouldn't attend either school at the prices you're paying, but your total debt load is low enough that either is a viable option. I'd vote for NU out of these two options (although retaking for more $$ is the best answer).

PRgradBYU
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby PRgradBYU » Fri May 24, 2013 11:18 pm

Desert Fox wrote:USC wouldn't be the worst choice, but northwestern is considerably better at job placement and 60k isn't enough to overcome it.


+1, although IMHO, retake > NU > USC.

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Dr. Dre
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby Dr. Dre » Sat May 25, 2013 6:09 am

usc is atrocious compared to NU

Big Dog
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby Big Dog » Sat May 25, 2013 12:03 pm

^^well, I guess that is better than your description of UCI. 8)

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Micdiddy
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby Micdiddy » Sat May 25, 2013 1:26 pm

Please make sure you know you're true COA at each school before making a decision. NU at sticker will be roughly 290k according to their own estimates.
Are you getting free COL at USC? Because that would change things significantly. As it stands, though, NU is probably the better choice as long as you will take big law anywhere, but not sure either choice is objectively good.

Ti Malice
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby Ti Malice » Sat May 25, 2013 1:34 pm

Your poll results are probably going to skew more toward USC than they should. You list NU in terms of total COA, but then you list USC with the scholarship amount rather than in terms of COA. Some drive-by voters will probably think you're saying USC will cost you $60K total.

How are you calculating COA? Are you accounting for COL?

Seasaltcoffee
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby Seasaltcoffee » Wed May 29, 2013 4:43 pm

COA is around $159K pre-interest b/c I only need tuition covered. Housing, etc is covered. Same thing applies for USC. paying for tuition only

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Micdiddy
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby Micdiddy » Wed May 29, 2013 4:47 pm

Seasaltcoffee wrote:COA is around $159K pre-interest b/c I only need tuition covered. Housing, etc is covered. Same thing applies for USC. paying for tuition only


Mind if I ask how COL is covered?

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jbagelboy
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby jbagelboy » Wed May 29, 2013 4:52 pm

Seasaltcoffee wrote:COA is around $159K pre-interest b/c I only need tuition covered. Housing, etc is covered. Same thing applies for USC. paying for tuition only


Thanks, but this doesn't fully answer the question.

Assuming you are loaning tuition, your COA at NU is: ~$195K.
At USC: ~122K.

So you are really looking at a $60K $73K difference. this is why posters were asking about COA and relative value.

If you are paying the remainder with parents cash/savings, then its ~$60K difference.

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Micdiddy
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby Micdiddy » Wed May 29, 2013 5:08 pm

jbagelboy wrote:
Seasaltcoffee wrote:COA is around $159K pre-interest b/c I only need tuition covered. Housing, etc is covered. Same thing applies for USC. paying for tuition only


Thanks, but this doesn't fully answer the question.

Assuming you are loaning tuition, your COA at NU is: ~$195K.
At USC: ~122K.

So you are really looking at a $60K $73K difference. this is why posters were asking about COA and relative value.

If you are paying the remainder with parents cash/savings, then its ~$60K difference.


and it's still wholly relevant to total COA and should be considered when weighing your options. If it is parents cash, then weigh it appropriately with how much of a burden it'll place on your parents (if they are seriously flush, then dismiss it entirely, but if they are this rich why are they not paying total COA?).
If it's savings, then treat it equally to loan amount you will be taking out (same dollars being paid either way).

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ManoftheHour
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby ManoftheHour » Wed May 29, 2013 5:14 pm

Micdiddy wrote:
jbagelboy wrote:
Seasaltcoffee wrote:COA is around $159K pre-interest b/c I only need tuition covered. Housing, etc is covered. Same thing applies for USC. paying for tuition only


Thanks, but this doesn't fully answer the question.

Assuming you are loaning tuition, your COA at NU is: ~$195K.
At USC: ~122K.

So you are really looking at a $60K $73K difference. this is why posters were asking about COA and relative value.

If you are paying the remainder with parents cash/savings, then its ~$60K difference.


and it's still wholly relevant to total COA and should be considered when weighing your options. If it is parents cash, then weigh it appropriately with how much of a burden it'll place on your parents (if they are seriously flush, then dismiss it entirely, but if they are this rich why are they not paying total COA?).
If it's savings, then treat it equally to loan amount you will be taking out (same dollars being paid either way).


They probably don't want to. My parents have enough to and are willing (and currently are) wiring $2000 each to mine and my brother's bank accounts every month, but it doesn't mean they want to pay our tuition. My brother got a new car but he's paying for his own masters of education through loans.

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jbagelboy
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby jbagelboy » Wed May 29, 2013 5:19 pm

ManoftheHour wrote:
Micdiddy wrote:
jbagelboy wrote:Thanks, but this doesn't fully answer the question.

Assuming you are loaning tuition, your COA at NU is: ~$195K.
At USC: ~122K.

So you are really looking at a $60K $73K difference. this is why posters were asking about COA and relative value.

If you are paying the remainder with parents cash/savings, then its ~$60K difference.


and it's still wholly relevant to total COA and should be considered when weighing your options. If it is parents cash, then weigh it appropriately with how much of a burden it'll place on your parents (if they are seriously flush, then dismiss it entirely, but if they are this rich why are they not paying total COA?).
If it's savings, then treat it equally to loan amount you will be taking out (same dollars being paid either way).


They probably don't want to. My parents have enough to and are willing (and currently are) wiring $2000 each to mine and my brother's bank accounts every month, but it doesn't mean they want to pay our tuition. My brother got a new car but he's paying for his own masters of education through loans.


Hmm lol. No offense, but I never understand families that operate on this basis. Obviously, given that's roughly CoL in law school/grad school, you are extremely fortunate, but if I was a parent, I would never give money for my son to buy a new car in lieu of paying for his education. That just screams entitlement right there (and fiscal insolvency).

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ManoftheHour
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby ManoftheHour » Wed May 29, 2013 5:32 pm

jbagelboy wrote:
ManoftheHour wrote:
Micdiddy wrote:
jbagelboy wrote:Thanks, but this doesn't fully answer the question.

Assuming you are loaning tuition, your COA at NU is: ~$195K.
At USC: ~122K.

So you are really looking at a $60K $73K difference. this is why posters were asking about COA and relative value.

If you are paying the remainder with parents cash/savings, then its ~$60K difference.


and it's still wholly relevant to total COA and should be considered when weighing your options. If it is parents cash, then weigh it appropriately with how much of a burden it'll place on your parents (if they are seriously flush, then dismiss it entirely, but if they are this rich why are they not paying total COA?).
If it's savings, then treat it equally to loan amount you will be taking out (same dollars being paid either way).


They probably don't want to. My parents have enough to and are willing (and currently are) wiring $2000 each to mine and my brother's bank accounts every month, but it doesn't mean they want to pay our tuition. My brother got a new car but he's paying for his own masters of education through loans.


Hmm lol. No offense, but I never understand families that operate on this basis. Obviously, given that's roughly CoL in law school/grad school, you are extremely fortunate, but if I was a parent, I would never give money for my son to buy a new car in lieu of paying for his education. That just screams entitlement right there (and fiscal insolvency).


None taken because I agree, my brother agrees, my mom's brother agrees. He wasn't kicking and screaming when they bought him a new car but he didn't ask for one in the first place. They're honestly lucky they're jobs that affords them a good amount of fiscal irresponsibility.

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Doorkeeper
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby Doorkeeper » Wed May 29, 2013 5:50 pm

Northwestern at $195k isn't horrible, but retake might be warranted here.

USC at $122k with only a 33% chance at biglaw is a no go, imo.

Seasaltcoffee
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Joined: Tue Apr 23, 2013 4:43 pm

Re: Northwestern (Sticker) vs. USC ($60k total)

Postby Seasaltcoffee » Wed May 29, 2013 8:23 pm

jbagelboy wrote:
Seasaltcoffee wrote:COA is around $159K pre-interest b/c I only need tuition covered. Housing, etc is covered. Same thing applies for USC. paying for tuition only


Thanks, but this doesn't fully answer the question.

Assuming you are loaning tuition, your COA at NU is: ~$195K.
At USC: ~122K.

So you are really looking at a $60K $73K difference. this is why posters were asking about COA and relative value.

If you are paying the remainder with parents cash/savings, then its ~$60K difference.


How is it 195$K? Are you including interest?

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jbagelboy
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby jbagelboy » Wed May 29, 2013 8:41 pm

Seasaltcoffee wrote:
jbagelboy wrote:
Seasaltcoffee wrote:COA is around $159K pre-interest b/c I only need tuition covered. Housing, etc is covered. Same thing applies for USC. paying for tuition only


Thanks, but this doesn't fully answer the question.

Assuming you are loaning tuition, your COA at NU is: ~$195K.
At USC: ~122K.

So you are really looking at a $60K $73K difference. this is why posters were asking about COA and relative value.

If you are paying the remainder with parents cash/savings, then its ~$60K difference.


How is it 195$K? Are you including interest?


yes, without interest it is not the true cost of attendance. If you are paying with federal loans, you have loan origination fees and interest that compounds immediately and gets added to the principal, hence, nearly $200K upon graduation from NU and between $120-125K at USC. IF you are not paying with loans, then your parents are paying for it -- that is why people kept asking you how you are funding CoA.

Seasaltcoffee
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby Seasaltcoffee » Wed May 29, 2013 8:47 pm

jbagelboy wrote:
Seasaltcoffee wrote:
jbagelboy wrote:
Seasaltcoffee wrote:COA is around $159K pre-interest b/c I only need tuition covered. Housing, etc is covered. Same thing applies for USC. paying for tuition only


Thanks, but this doesn't fully answer the question.

Assuming you are loaning tuition, your COA at NU is: ~$195K.
At USC: ~122K.

So you are really looking at a $60K $73K difference. this is why posters were asking about COA and relative value.

If you are paying the remainder with parents cash/savings, then its ~$60K difference.


How is it 195$K? Are you including interest?


yes, without interest it is not the true cost of attendance. If you are paying with federal loans, you have loan origination fees and interest that compounds immediately and gets added to the principal, hence, nearly $200K upon graduation from NU and between $120-125K at USC. IF you are not paying with loans, then your parents are paying for it -- that is why people kept asking you how you are funding CoA.


Yes, that is why I explicitly stated "pre-interest". Of course that is really a misrepresentation of true CoA. So you are saying that if I take out loans on tuition ONLY, that it would be nearly $200K in debt upon graduation? Just want to understand this correctly. So basically close to $41,000 in interest, origination fees, etc. (btw I'm legitimately asking you right now, not being sarcastic, cant crunch numbers at work right now)

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Tiago Splitter
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Re: Northwestern (Sticker) vs. USC ($60k total)

Postby Tiago Splitter » Wed May 29, 2013 8:51 pm

Seasaltcoffee wrote:So you are saying that if I take out loans on tuition ONLY, that it would be nearly $200K in debt upon graduation? Just want to understand this correctly. So basically close to $41,000 in interest, origination fees, etc. (btw I'm legitimately asking you right now, not being sarcastic, cant crunch numbers at work right now)

Yes.

http://www.law.georgetown.edu/admission ... geid=61621




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