Take the money and Run; YS - CCNH? Forum

[09042014]

COA is nearing 300k at the T14.

Even Yale at sticker isn't a good deal. Thats 3.5k a month for 10 years.


Lets take Northwestern at sticker. NW is an average T14. Data is from here --->http://www.law.northwestern.edu/depts/c ... index.html

Bad Outcomes -
1.7% full time school jerbs
4.2% - Unemployed
1.4% grad degree
3.5% short term or part time

Salary outcomes
77.82% make over 60k (67% make over 100k)
5.63% are unemployed
4.23% don't report
12.3% between 0 and 60k

Good outcomes
70% make over 80k
8% clerking (presumably under 80k in salary)
3% public interesting (ditto)
6% gov't (ditto)
(1.75% for school funded) (because I presume they are in PI or gov't fulltime categories)

That's 87% in good outcomes. Or at least decent.

What do you think HLS or Yale's numbers are? 95%? Sure better, but not 150k worth.

[muskies970]

If making money is your only reason/ consideration in choosing a law school. yes.

[xRON MEXiCOx]

You've been threading hard recently, bro.

[09042014]

If making money is your only reason/ consideration in choosing a law school. yes.

If it's not you will sorely disappointed. The money is the only good part.

[09042014]

You've been threading hard recently, bro.

DF RESURAGENCE

[anyriotgirl]

If making money is your only reason/ consideration in choosing a law school. yes.

please share some other considerations with us. please

[MKC]

3.5k/month = 42k a year

minimum wage = ~16k/year

So, after taxes, 80k a year is roughly minimum wage while paying off sticker debt.

[exitoptions]

If making money is your only reason/ consideration in choosing a law school. yes.

please share some other considerations with us. please

I didn't go to law school only to make more money. And I'm doing what I wanted to do. But let me tell you, once you get over ~$150k in non-dischargeable loans, you don't have the option to care about much other than money. I can't even imagine what $300k would do to you.

[09042014]

3.5k/month = 42k a year

minimum wage = ~16k/year

So, after taxes, 80k a year is roughly minimum wage while paying off sticker debt.

Law students in NYC spend about 30k a year on living. That's 72k a year like living as a student IN PRE TAX living. 160k at biglaw is only 96K take home. You basically get an extra 14k over law students. lololoololol

It requires about 118k dollars a year salary. That's what you need to LIVE LIKE A LAW STUDENT.

[cotiger]

3.5k/month = 42k a year

minimum wage = ~16k/year

So, after taxes, 80k a year is roughly minimum wage while paying off sticker debt.

Law students in NYC spend about 30k a year on living. That's 72k a year like living as a student IN PRE TAX living. 160k at biglaw is only 96K take home. You basically get an extra 14k over law students. lololoololol

It requires about 118k dollars a year salary. That's what you need to LIVE LIKE A LAW STUDENT.

Yeah but if that 300k is to go to Harvard, then you're like totally guaranteed biglaw. So it's totally worth it, amirite?

[buffalo_]

3.5k/month = 42k a year

minimum wage = ~16k/year

So, after taxes, 80k a year is roughly minimum wage while paying off sticker debt.

Law students in NYC spend about 30k a year on living. That's 72k a year like living as a student IN PRE TAX living. 160k at biglaw is only 96K take home. You basically get an extra 14k over law students. lololoololol

It requires about 118k dollars a year salary. That's what you need to LIVE LIKE A LAW STUDENT.

96k-72k= 24k

Maths are hard.

[09042014]

3.5k/month = 42k a year

minimum wage = ~16k/year

So, after taxes, 80k a year is roughly minimum wage while paying off sticker debt.

Law students in NYC spend about 30k a year on living. That's 72k a year like living as a student IN PRE TAX living. 160k at biglaw is only 96K take home. You basically get an extra 14k over law students. lololoololol

It requires about 118k dollars a year salary. That's what you need to LIVE LIKE A LAW STUDENT.

96k-72k= 24k

Maths are hard.

I didn't get a D+ in Diff. Eq. cause the prof hated me.

[twenty]

Basically, we're here because we majored in beer during college, we have a family friend who graduated from law school in 1975 and is making a quarter of a million a year who recommends law school because "we seem to like to argue." Difficult subjects like "compound interest" or "negative amortization" be damned -- we don't want to get paid to do math, we want to argue about shit in front of a guy in a black bathrobe and say words like "objection" and "tampering."

Also, Suits makes biglaw seem pretty manageable, if not outright awesome.

[nouseforaname123]

If making money is your only reason/ consideration in choosing a law school. yes.

please share some other considerations with us. please

I didn't go to law school only to make more money. And I'm doing what I wanted to do. But let me tell you, once you get over ~$150k in non-dischargeable loans, you don't have the option to care about much other than money. I can't even imagine what $300k would do to you.

So, what are the other considerations?

[Theopliske8711]

misread.

[anyriotgirl]

If making money is your only reason/ consideration in choosing a law school. yes.

please share some other considerations with us. please

I didn't go to law school only to make more money. And I'm doing what I wanted to do. But let me tell you, once you get over ~$150k in non-dischargeable loans, you don't have the option to care about much other than money. I can't even imagine what $300k would do to you.

So, what are the other considerations?

I would love to hear them. I could use the lulz

[jbagelboy]

Yale's financial aid policy is designed so no student goes more than $150k in debt at graduation (borrowing ~$40k/year). You're either facially wealthy or the trustees step in to fill in the difference. That's why it's almost always the right choice.

Also, why do we need 4 concurrent threads on IDENTICAL issues? Or was this just s shameless broadcast of alma mater?

[aboutmydaylight]

Yale's financial aid policy is designed so no student goes more than $150k in debt at graduation (borrowing ~$40k/year). You're either facially wealthy or the trustees step in to fill in the difference. That's why it's almost always the right choice.

Also, why do we need 4 concurrent threads on IDENTICAL issues? Or was this just s shameless broadcast of alma mater?

HYS are all designed that way (43k initial contribution for H, 40k for YS) but that doesn't mean they work out in practice. Although S was more or less dead on with me.

[exitoptions]

I didn't go to law school only to make more money. And I'm doing what I wanted to do. But let me tell you, once you get over ~$150k in non-dischargeable loans, you don't have the option to care about much other than money. I can't even imagine what $300k would do to you.

So, what are the other considerations?

I would love to hear them. I could use the lulz

I wanted to be a prosecutor... Is that funny? It's not exactly the best choice for getting rich quick.

[moopness]

At what point is it a bad idea to go to a school like CCN? Is it ok to go with 60k in scholly? 90k? Or is anything less than a full ride to CCN a bad idea? Obviously the latter is ridiculous, but at what point do we draw the line?

[anyriotgirl]

I didn't go to law school only to make more money. And I'm doing what I wanted to do. But let me tell you, once you get over ~$150k in non-dischargeable loans, you don't have the option to care about much other than money. I can't even imagine what $300k would do to you.

So, what are the other considerations?

I would love to hear them. I could use the lulz

I wanted to be a prosecutor... Is that funny? It's not exactly the best choice for getting rich quick.

we want to hear about why you would choose a specific school for reasons other than money/employment prospects not about why people do PI

[bearsfan23]

OP is wrong, as usual.

Why would you take the money and run? Are you suggesting it makes more sense to go to DePaul on a full scholarship than Northwestern. That's a pretty dumb decision if you have any interest in actually working as a lawyer.

Just stick to the conventional TLS wisdom: Either Yale on a half scholarship or don't go.

[Theopliske8711]

OP is wrong, as usual.

Why would you take the money and run? Are you suggesting it makes more sense to go to DePaul on a full scholarship than Northwestern. That's a pretty dumb decision if you have any interest in actually working as a lawyer.

Just stick to the conventional TLS wisdom: Either Yale on a half scholarship or don't go.

You probably didn't do too well on the LSAT, did you?

[09042014]

Yale's financial aid policy is designed so no student goes more than $150k in debt at graduation (borrowing ~$40k/year). You're either facially wealthy or the trustees step in to fill in the difference. That's why it's almost always the right choice.

Also, why do we need 4 concurrent threads on IDENTICAL issues? Or was this just s shameless broadcast of alma mater?

Assuming your parents give you the money the schools claims they should.

[DrStudMuffin]

we want to hear about why you would choose a specific school for reasons other than money/employment prospects not about why people do PI

Unless this is implied with employment prospects, location can be important depending on where you want to work after graduation (among other reasons for wanting a certain location).

Example: paying more for Berkeley than you would for Penn because you want to live/work in San Francisco.