Given my goals, Chicago ($125k COA) or Northwestern (free)

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

Where should I go?

Chicago ($125k total COA)
17
16%
Northwestern ($0 COA)
92
84%
 
Total votes: 109

FloridaCoastalorbust
Posts: 1302
Joined: Mon Feb 21, 2011 4:43 pm

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby FloridaCoastalorbust » Tue Apr 21, 2015 1:36 pm

to be entirely clear as the OP says I'd walk away from NU w/ about $21k in the bank (though I would probably burn that on an upgraded apartment). add in the 10-year interest on a standard repayment plan and the difference between the two will be more than $150k.

Mal Reynolds
Posts: 12630
Joined: Mon Oct 03, 2011 12:16 am

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby Mal Reynolds » Tue Apr 21, 2015 1:37 pm

Why are you still asking this question you have your answer.

User avatar
ymmv
Posts: 13045
Joined: Mon Oct 21, 2013 1:36 pm

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby ymmv » Tue Apr 21, 2015 1:38 pm

FloridaCoastalorbust wrote:to be entirely clear as the OP says I'd walk away from NU w/ about $21k in the bank (though I would probably burn that on an upgraded apartment). add in the 10-year interest on a standard repayment plan and the difference between the two will be more than $150k.


NU and it's not even close. You know this.

WheninLaw
Posts: 546
Joined: Fri Feb 24, 2012 3:35 pm

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby WheninLaw » Tue Apr 21, 2015 2:05 pm

Academia is not happening. Are you really going to pay this much for marginally better clerkship odds? Get out of here. FYI, I'd choose NU in this situation over any other school, including Y.

Get your head out of your ass, do the right thing.

arklaw13
Posts: 1704
Joined: Wed Jun 06, 2012 2:36 pm

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby arklaw13 » Tue Apr 21, 2015 2:18 pm

Who are the four five nitwits who voted UChi? I have some ocean-front property in Idaho I'd like to sell them >.>

FloridaCoastalorbust
Posts: 1302
Joined: Mon Feb 21, 2011 4:43 pm

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby FloridaCoastalorbust » Tue Apr 21, 2015 2:51 pm

thanks all

User avatar
Other25BeforeYou
Posts: 503
Joined: Sun Oct 05, 2008 1:19 pm

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby Other25BeforeYou » Tue Apr 21, 2015 3:11 pm

Mack.Hambleton wrote:
~5 percent clerkship increase is worth 125k?

If we were talking about HYS maybe this could work but not with chicago

I just meant there has to be some kind of acknowledgment that taking out $125k is different for OP than it would be for a lot of people on these boards. For a lot of people it wouldn't be worth anywhere near an additional $125k in debt because that comes with a certain level of risk based on the likelihood of that person not finding a job with which they can easily pay back the debt. If you're pretty much guaranteed a job with which you can pay back the debt even if law school is somehow a disaster, it's much less risky.

UChicago is 11% higher for BL+FC. Yes, there's a good chance OP could end up in the same job from Northwestern as OP could from UChicago. But if taking out the money isn't that risky for OP, the extra chance at clerkships (and likely extra security in getting Chicago biglaw since OP has strong ties by virtue of having a wife tied to Chicago) might be worth it.

Mal Reynolds
Posts: 12630
Joined: Mon Oct 03, 2011 12:16 am

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby Mal Reynolds » Tue Apr 21, 2015 3:13 pm

Other25BeforeYou wrote:
Mack.Hambleton wrote:
~5 percent clerkship increase is worth 125k?

If we were talking about HYS maybe this could work but not with chicago

I just meant there has to be some kind of acknowledgment that taking out $125k is different for OP than it would be for a lot of people on these boards. For a lot of people it wouldn't be worth anywhere near an additional $125k in debt because that comes with a certain level of risk based on the likelihood of that person not finding a job with which they can easily pay back the debt. If you're pretty much guaranteed a job with which you can pay back the debt even if law school is somehow a disaster, it's much less risky.

UChicago is 11% higher for BL+FC. Yes, there's a good chance OP could end up in the same job from Northwestern as OP could from UChicago. But if taking out the money isn't that risky for OP, the extra chance at clerkships (and likely extra security in getting Chicago biglaw since OP has strong ties by virtue of having a wife tied to Chicago) might be worth it.

User avatar
2014
Posts: 5834
Joined: Sat Jun 05, 2010 3:53 pm

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby 2014 » Wed Apr 22, 2015 1:24 am

UChi is absolutely worth 125k and for your goals that would be 125k extremely well spent, but that isn't the question here. The question is whether it's worth ~145k MORE than NU for mostly Chi big law w/ potential clerkship/academia/etc ambitions and that answer is without a doubt no. I can make the argument for as much as like 60k differential or even 75-90k on my less lucid days, but this is too much to rationalize. Go to NU.

User avatar
beepboopbeep
Posts: 1230
Joined: Thu Oct 18, 2012 7:36 pm

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby beepboopbeep » Wed Apr 22, 2015 3:14 am

Other25BeforeYou wrote:
Mack.Hambleton wrote:
~5 percent clerkship increase is worth 125k?

If we were talking about HYS maybe this could work but not with chicago

I just meant there has to be some kind of acknowledgment that taking out $125k is different for OP than it would be for a lot of people on these boards. For a lot of people it wouldn't be worth anywhere near an additional $125k in debt because that comes with a certain level of risk based on the likelihood of that person not finding a job with which they can easily pay back the debt. If you're pretty much guaranteed a job with which you can pay back the debt even if law school is somehow a disaster, it's much less risky.

UChicago is 11% higher for BL+FC. Yes, there's a good chance OP could end up in the same job from Northwestern as OP could from UChicago. But if taking out the money isn't that risky for OP, the extra chance at clerkships (and likely extra security in getting Chicago biglaw since OP has strong ties by virtue of having a wife tied to Chicago) might be worth it.



Yea but a lot of people on these boards and elsewhere have vague clerkship aspirations, like

Half of every ASW is 0Ls asking questions about clerkships

Then the professors / alums, if they're feeling honest, say something like, "it is retarded to consider spending >$125k for a few more percentage points in clerkship chances"

Especially as someone who went into law school very interested in the clerkship -> academia path

The hypothetical profs / alums are right

You have no idea how much your priorities will change and clerking is a 1-2 year gig

Take the money and run

Signed, yet another UofC student coming here to say NU is an easy choice given these two prices

The weird rich wife situation in the OP is the only thing pointing toward UofC

But it doesn't sound like the kind of "fuck you" money that would just be able to wipe away that debt with ease

FloridaCoastalorbust
Posts: 1302
Joined: Mon Feb 21, 2011 4:43 pm

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby FloridaCoastalorbust » Wed Apr 22, 2015 8:38 am

beepboopbeep wrote:
Other25BeforeYou wrote:
Mack.Hambleton wrote:
~5 percent clerkship increase is worth 125k?

If we were talking about HYS maybe this could work but not with chicago

I just meant there has to be some kind of acknowledgment that taking out $125k is different for OP than it would be for a lot of people on these boards. For a lot of people it wouldn't be worth anywhere near an additional $125k in debt because that comes with a certain level of risk based on the likelihood of that person not finding a job with which they can easily pay back the debt. If you're pretty much guaranteed a job with which you can pay back the debt even if law school is somehow a disaster, it's much less risky.

UChicago is 11% higher for BL+FC. Yes, there's a good chance OP could end up in the same job from Northwestern as OP could from UChicago. But if taking out the money isn't that risky for OP, the extra chance at clerkships (and likely extra security in getting Chicago biglaw since OP has strong ties by virtue of having a wife tied to Chicago) might be worth it.



Yea but a lot of people on these boards and elsewhere have vague clerkship aspirations, like

Half of every ASW is 0Ls asking questions about clerkships

Then the professors / alums, if they're feeling honest, say something like, "it is retarded to consider spending >$125k for a few more percentage points in clerkship chances"

Especially as someone who went into law school very interested in the clerkship -> academia path

The hypothetical profs / alums are right

You have no idea how much your priorities will change and clerking is a 1-2 year gig

Take the money and run

Signed, yet another UofC student coming here to say NU is an easy choice given these two prices

The weird rich wife situation in the OP is the only thing pointing toward UofC

But it doesn't sound like the kind of "fuck you" money that would just be able to wipe away that debt with ease


Thx for the advice. It is true that it is not the kind of money that could be used to easily wipe away debt, both because of the total number and because that money is aimed at maximizing long-term yields, not for dumb shit like loan debt. But, you know, you can withdraw such investments if you're fucked, so it's kind of like an insurance policy.
Last edited by FloridaCoastalorbust on Wed Apr 22, 2015 9:03 am, edited 1 time in total.

User avatar
Cobretti
Posts: 2560
Joined: Tue Aug 21, 2012 12:45 am

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby Cobretti » Wed Apr 22, 2015 8:44 am

FloridaCoastalorbust wrote:
beepboopbeep wrote:
Other25BeforeYou wrote:
Mack.Hambleton wrote:
~5 percent clerkship increase is worth 125k?

If we were talking about HYS maybe this could work but not with chicago

I just meant there has to be some kind of acknowledgment that taking out $125k is different for OP than it would be for a lot of people on these boards. For a lot of people it wouldn't be worth anywhere near an additional $125k in debt because that comes with a certain level of risk based on the likelihood of that person not finding a job with which they can easily pay back the debt. If you're pretty much guaranteed a job with which you can pay back the debt even if law school is somehow a disaster, it's much less risky.

UChicago is 11% higher for BL+FC. Yes, there's a good chance OP could end up in the same job from Northwestern as OP could from UChicago. But if taking out the money isn't that risky for OP, the extra chance at clerkships (and likely extra security in getting Chicago biglaw since OP has strong ties by virtue of having a wife tied to Chicago) might be worth it.



Yea but a lot of people on these boards and elsewhere have vague clerkship aspirations, like

Half of every ASW is 0Ls asking questions about clerkships

Then the professors / alums, if they're feeling honest, say something like, "it is retarded to consider spending >$125k for a few more percentage points in clerkship chances"

Especially as someone who went into law school very interested in the clerkship -> academia path

The hypothetical profs / alums are right

You have no idea how much your priorities will change and clerking is a 1-2 year gig

Take the money and run

Signed, yet another UofC student coming here to say NU is an easy choice given these two prices

The weird rich wife situation in the OP is the only thing pointing toward UofC

But it doesn't sound like the kind of "fuck you" money that would just be able to wipe away that debt with ease


Thx for the advice. It is true that it is not the kind of money that could be used to easily wipe away debt, both because of the total number (srsly not a rich wife scenario, just legit middle class savings/trust fund) and because that money is aimed at maximizing long-term yields, not for dumb shit like loan debt. But, you know, you can withdraw such investments if you're fucked, so it's kind of like an insurance policy.

Middle class trust fund? :lol:

FloridaCoastalorbust
Posts: 1302
Joined: Mon Feb 21, 2011 4:43 pm

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby FloridaCoastalorbust » Wed Apr 22, 2015 8:57 am

Cobretti wrote:Middle class trust fund? :lol:


I fail to see humor or contradiction in a modest fund that came from the diligent savings of a man who was a laborer on the Chicago railyard for 40 years. If you do, PM me so we don't derail this thread.

BigZuck
Posts: 10881
Joined: Tue Sep 04, 2012 9:53 am

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby BigZuck » Wed Apr 22, 2015 9:18 am

So...the hive has spoken. You're going to go to UChicago, right?

User avatar
Winston1984
Posts: 1789
Joined: Sun Mar 17, 2013 12:02 pm

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby Winston1984 » Wed Apr 22, 2015 9:42 am

FloridaCoastalorbust wrote:
Cobretti wrote:Middle class trust fund? :lol:


I fail to see humor or contradiction in a modest fund that came from the diligent savings of a man who was a laborer on the Chicago railyard for 40 years. If you do, PM me so we don't derail this thread.

What a shitlord.

Mal Reynolds
Posts: 12630
Joined: Mon Oct 03, 2011 12:16 am

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby Mal Reynolds » Wed Apr 22, 2015 9:50 am

Oh man this idiot is gonna go to UChicago.

User avatar
2014
Posts: 5834
Joined: Sat Jun 05, 2010 3:53 pm

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby 2014 » Wed Apr 22, 2015 9:54 am

Mal Reynolds wrote:Oh man this idiot is gonna go to UChicago.

Woo yield
Woo medians

User avatar
Pragmatic Gun
Posts: 783
Joined: Mon Nov 25, 2013 3:25 pm

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby Pragmatic Gun » Wed Apr 22, 2015 10:59 am

Mal Reynolds wrote:Oh man this idiot is gonna go to UChicago.


Preftige

User avatar
jbagelboy
Posts: 9651
Joined: Thu Nov 29, 2012 7:57 pm

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby jbagelboy » Wed Apr 22, 2015 11:12 am

Mack.Hambleton wrote:
Other25BeforeYou wrote:I'm actually going to go against the grain here and say UChicago. I'm a high risk/high reward kinda girl, and while this risk would probably be too steep to my mind if you didn't have a soft place to fall, it sounds like you do.

Between this:

FloridaCoastalorbust wrote: 3) Interested in clerking, and academia if I win law school. Here UC will obviously confer a much greater advantage.


this:
FloridaCoastalorbust wrote: 5) Wife has a few strong investments, so I won't ever be eating rice and beans if I really screw things up. Wife also will enter a sector after obtaining PhD where she'll average $100k/yr.


and this:
FloridaCoastalorbust wrote: Also, I expect to have sufficient connections to get an interesting job (starting at about $80k/yr) if I am below median after law school graduation. I sound like I'm ahead of myself in terms of estimating my career chances but don't have the time or energy to justify my confidence here.


it sounds like going $125k into debt isn't the enormous risk for you that it would be for other people. You have fallback funds. You'll probably have a job that will at the very least keep you afloat while you pay back loans. And you're interested in clerking/academia, for which UChicago will clearly provide better opportunities. I say go for it.


~5 percent clerkship increase is worth 125k?

If we were talking about HYS maybe this could work but not with chicago


Chicago had higher clerkship % this year than Harvard. So not sure that line sticks.

Regardless, Northwestern here. You could try pushing UChi for more $ but Northwestern is a great choice right now. You won :)

User avatar
Mack.Hambleton
Posts: 5417
Joined: Mon Jan 13, 2014 2:09 am

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby Mack.Hambleton » Wed Apr 22, 2015 11:50 am

YS*

User avatar
Holly Golightly
Posts: 4618
Joined: Wed Jan 13, 2010 10:30 am

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby Holly Golightly » Wed Apr 22, 2015 11:54 am

You seem pretty douchey, go to UChi.

FloridaCoastalorbust
Posts: 1302
Joined: Mon Feb 21, 2011 4:43 pm

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby FloridaCoastalorbust » Wed Apr 22, 2015 12:03 pm

Holly Golightly wrote:You seem pretty douchey, go to UChi.


but i said thanks and even used an exclamation point in OP

Mal Reynolds
Posts: 12630
Joined: Mon Oct 03, 2011 12:16 am

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby Mal Reynolds » Wed Apr 22, 2015 12:06 pm

FloridaCoastalorbust wrote:
Holly Golightly wrote:You seem pretty douchey, go to UChi.


but i said thanks and even used an exclamation point in OP


Which school are you going to.

FloridaCoastalorbust
Posts: 1302
Joined: Mon Feb 21, 2011 4:43 pm

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby FloridaCoastalorbust » Wed Apr 22, 2015 12:08 pm

Mal Reynolds wrote:
FloridaCoastalorbust wrote:
Holly Golightly wrote:You seem pretty douchey, go to UChi.


but i said thanks and even used an exclamation point in OP


Which school are you going to.


Idk. I'm asking UC to reconsider their reconsideration. 99% NU at this point.

Mal Reynolds
Posts: 12630
Joined: Mon Oct 03, 2011 12:16 am

Re: Given my goals, Chicago ($125k COA) or Northwestern (free)

Postby Mal Reynolds » Wed Apr 22, 2015 12:17 pm

Yeah sure




Return to “Choosing a Law School”

Who is online

Users browsing this forum: Exabot [Bot], Google Adsense [Bot], Screech Owl, wittynprofane and 4 guests