ookoshi wrote:Alive97 wrote:So my expected debt at GULC is 130k, GW is 60k, and American is 2k (all part time). This is with a 10k scholarship for GULC. I think that comes out to a 1700 monthly payment (for GULC) on a 10 year loan, and 1050 on a 25 year loan (do people usually do 10 year or 25 year? 25 year sounds like a terrible idea). I can afford the 25 year monthly payment on my current salary, so that is my worst case scenario. What do y'all think?
Since you have $1050 above and beyond your cost of living each month, let me ask you, are these numbers assuming you are putting $1050 a month toward your tuition while you're in law school? If not, then you should redo your numbers with the assumption that you can take out less in loans by paying part of your cost of attendance as you go, which would mean ~$34k less in debt.
In either case, I'm going to disagree with some of the other opinions on this thread. According to LST, Georgetown has a Biglaw+Clerkship placement rate of 45%, while GW is at 35%. While 10% is not insignificant, I don't think the disparity is as big as "GW has to be free, but GULC doesn't."
Additionally, LST's numbers do not separate out full-time vs part-time outcomes. As I understand it, GULC has a dedicated part-time faculty, while GW rotates their full-time faculty through the part-time program. As a result, my understanding is that part-time GULC students do not place as well as their full-time GULC peers to a greater degree than schools where the part-time program is more integrated with the full-time program. As a result, I don't think your employment prospects are that different between GW part-time and GULC's part-time program.
I'm a part-time student. I was accepted @ GW, although they didn't take me off the wait list until August, so I had already committed elsewhere by then. I would've gone to GW if I didn't already buy a house near where I ended up going to school (which was a T2 school with a part-time program and I ended up in biglaw, but I'm patent bar eligible, so my math is different).
Between your options I'd go to GW, but that's just me.
Don't get me wrong, GULC is a trash school compared to the T13, but guy above has literally every single fact wrong above on GULC.