When is it worth paying sticker?

(Applications Advice, Letters of Recommendation . . . )

When is it worth paying sticker?

Only HYS
26
16%
Only Top 14
83
53%
Only Tier 1
16
10%
If a particular school feeds the market you want to work in
19
12%
Never
4
3%
Other
10
6%
 
Total votes: 158

gens1tb
Posts: 315
Joined: Sun Nov 28, 2010 1:36 pm

Re: When is it worth paying sticker?

Postby gens1tb » Fri Mar 04, 2011 3:59 pm

I think I'd pay sticker for almost any school in T1 which was in a region I could tolerate; except for schools that'd leave me with $200,000 in debt...

User avatar
174
Posts: 183
Joined: Wed Mar 24, 2010 4:03 am

Re: When is it worth paying sticker?

Postby 174 » Fri Mar 04, 2011 4:05 pm

I'd say the entire top 14, but be ready to drop out if you are below median.

teleste
Posts: 51
Joined: Fri Jan 14, 2011 12:12 am

Re: When is it worth paying sticker?

Postby teleste » Fri Mar 04, 2011 6:07 pm

Oh my.
Last edited by teleste on Tue Aug 11, 2015 7:03 pm, edited 1 time in total.

Pilaf Rocket
Posts: 30
Joined: Sat Jan 24, 2009 11:30 pm

Re: When is it worth paying sticker?

Postby Pilaf Rocket » Sat Mar 05, 2011 7:08 pm

teleste wrote:Let's branch the question out a little bit.


So how much debt is too much for a Top 20 school?


2L paying sticker at a Top20. Looking at 160k plus in debt. I have BigLaw summer job lined up with about 70% chance for permanent placement (based on previous summer classes) at big city market rate.

Job = sticker price worth it. No job = oh dear god.

IMHO, it depends on how the school performs in the market. My school, despite being outside the t14, does extremely well throughout the state.

User avatar
Hannibal
Posts: 2213
Joined: Mon Jul 12, 2010 12:00 pm

Re: When is it worth paying sticker?

Postby Hannibal » Sat Mar 05, 2011 9:06 pm

200k in debt with a 60k starting pay job is better money than being a barista your whole life even if you don't gain pay as you gain experience.

sighsigh
Posts: 263
Joined: Wed Oct 20, 2010 8:47 pm

Re: When is it worth paying sticker?

Postby sighsigh » Sat Mar 05, 2011 9:11 pm

"Top 14" should definitely be broken down into T-6, T-10 and T-14. There is actual disparity within this range, unlike schools 30 - 200.

I would pay sticker only for T-6.

mettasutta
Posts: 312
Joined: Thu Jan 20, 2011 12:25 am

Re: When is it worth paying sticker?

Postby mettasutta » Sat Mar 05, 2011 9:19 pm

T14 + in-state public schools that place well in their respective regions (i.e. W&M, UNC, UGA, Wisconsin, etc.)

User avatar
rayiner
Posts: 6184
Joined: Thu Dec 11, 2008 11:43 am

Re: When is it worth paying sticker?

Postby rayiner » Sat Mar 05, 2011 11:26 pm

sighsigh wrote:"Top 14" should definitely be broken down into T-6, T-10 and T-14. There is actual disparity within this range, unlike schools 30 - 200.

I would pay sticker only for T-6.


The proper distinctions are actually T3, T5/6, and T13.

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Aberzombie1892
Posts: 1907
Joined: Sun Mar 29, 2009 10:56 am

Re: When is it worth paying sticker?

Postby Aberzombie1892 » Sat Mar 05, 2011 11:56 pm

Most of the reasonable law schools in the Top 100 are worth full price (i.e. GW and SMU would be reasonable while Hofstra and Catholic would not). Honestly, as long as you aren't a big baby and give up if you don't get something out of OCI, you will make a lot more over your lifetime with the law degree than without the degree (assuming you aren't an engineer or something). Will most of these graduates see a lot of that money immediately after graduation? No, of course not. But they will make more than enough money over their lifetime to justify the debt.

However, I personally would not suggest paying sticker beyond HYSCC. While I do feel that over your lifetime you will make more than enough money to justify the debt, the stress of dealing with a lot of debt both prior to and post graduation is not worth the cost. So while you will most likely financially be okay over time, it's not, IMHO, worth the relatively short term toll on your psyche, emotions, and personal life (marriage/buying a house/a car/etc.).

User avatar
BrianGriffintheDog
Posts: 157
Joined: Tue Feb 17, 2009 1:14 am

Re: When is it worth paying sticker?

Postby BrianGriffintheDog » Sun Mar 06, 2011 12:02 am

I said t14. Even if you don't make top 10%, you still have much greater chance at big law to pay off your debt.

run26.2
Posts: 896
Joined: Thu Jul 01, 2010 1:35 am

Re: When is it worth paying sticker?

Postby run26.2 » Sun Mar 06, 2011 12:23 am

sighsigh wrote:"Top 14" should definitely be broken down into T-6, T-10 and T-14. There is actual disparity within this range, unlike schools 30 - 200.

I would pay sticker only for T-6.

Maybe not. You have schools outside the T6 placing a higher percentage of their class into NLJ 250s. Why T6, T10, or T14? Maybe 5 out of the top 6 are worth it or 8 out of the top 10. These distinctions are simply too arbitrary, especially when no consensus has been established as to what the metric for judging "worth paying sticker" is.




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