bound wrote:deadpanic wrote:bound wrote:Goal(s): Texas Biglaw > Literally anywhere else in the country
Regional Ties: Dallas, Tucson, Bay Area
School(s): SMU 130K - This is the absolute most debt that I would be in. This figure is assuming I never work a day, take out loans in the full amount, and my family doesn't contribute a dime. All of this is unlikely, but I wanted to know my absolute worst case scenario.
Other pertinent information: No undergrad debt. WE after college in a firm. I want to work in Dallas long term. I do have other schools I'm considering but I wanted to hear input about this school specifically. SMU is appealing because of it's location, and that I have family/ties who graduated from the school and now work in Dallas at big firms. I have tried negotiating with them about my scholarship amount, but they won't budge and I guess historically they don't negotiate at all. It's bothersome because I have full rides at a number of other schools ranked higher than SMU, but of course those schools aren't in Dallas.
I don't know if I would take out 130k for UTexas and definitely not that much for SMU.
How much higher ranked are we talking for the other schools with full rides? And have you got into Texas?
I know you want to be in Dallas but I think you are approaching it wrong as Dallas or bust due to family/friends--you might have to move elsewhere for law school to give you the best opportunity on getting back to Dallas at the job you want that allows you repay your debt. You have to look at it as 130k and, IMO, that is a completely unreasonable amount for SMU. It may work out and you land big law, but the odds are against you. I wouldn't take that gamble.
Thanks for the response! And you hit everything that I've been hesitant about in regards to SMU. As much as I would like to think that connections would get me where I want to be, I do recognize there's a good chance it won't happen. I also know I can't bank on being at the top of my class. Both of which make me nervous.
I was waitlisted at UT, unfortunately. I don't exactly know why other than I'm out of state and I applied late. I have full rides from all of the other reputable Texas schools other than SMU. I also have full rides from asu and uofa. Half tuition at WUSTL and UCLA. Still waiting on from vandy and cornell. Id probably pick vandy if they got back to me with the right price...probably anything 75K+
Do you have a named scholarship to Houston? I am big time pro-SMU. I have zero regrets about how things worked out for me coming out of SMU. SMU simply isn't worth $100k in debt if you have a full ride to Houston under a named scholarship. You'll be a strong contender for a 1L SA, which means you will have a good shot st biglaw. Go to Houston, save the money, lateral to Dallas after a couple years of practice with a lot of money in your bank account.