junelsat wrote:sibley wrote:junelsat wrote:The logic behind these decisions is simple - if you intend to chase money after you graduate, you want to go to the top-14 school, because you will be able to get a high-paying job and pay off the debt without worry. If you don't intend to chase money, then take the scholarship, because then you won't be pigeonholed working long hours in the private sector(although you might not even be able to get this job from a lesser school) and will have more financial freedom
I read on here that PI jobs can be really hard to come by without a strong degree, that they're even more competitive than private sector since they don't have the funding to add on as they choose.
Ok its obviously easy to get a PI job with a better degree, but the bigger point is that you might be too worried about your debt to actually take a PI job if you go to the top-14, whereas if you go to the school with a scholarship its not as big a concern. It you have 150k in debt after law school its going to be pretty tough not to go into private practice given the opportunity, even with the loan forgiveness programs and whatnot. So I still think its straightforwards -
Biglaw = Go top 14
PI=Take the scholarship
but now with the 10 year/10% federal forgiveness program that could seriously up the competitiveness...