When to Take the Money and Run?

(Applications Advice, Letters of Recommendation . . . )

Full Ride vs Full Loans

Full Ride (CLS/NYU/UCHI/etc)
62
71%
Full Loans (Yale)
23
26%
Other (Full Loans at Stanford)
2
2%
 
Total votes: 87

Stimpy

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When to Take the Money and Run?

Postby Stimpy » Tue Mar 21, 2017 12:28 pm

Please redirect if this question is already posted . . .

What are your thoughts on Full Ride (CLS/UCHI/etc) vs full sticker price (all paid with loans, no financial aid or parent involvement) at Yale?

Career Goal: Litigation (possibly PD, possibly private) with opportunities for public interest or academia later in life.

cavalier1138

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Re: When to Take the Money and Run?

Postby cavalier1138 » Tue Mar 21, 2017 12:32 pm

The academia wrinkle always makes it a harder question to answer. If you're really committed to some form of PI, my understanding of Yale's LRAP is that basically any job qualifies, so that can help offset the debt.

But it just depends on your goals. If you're seriously interested in academia, then Yale is probably worth the exorbitant price. If you're just interested in litigation and/or public defense work, take a full ride at CCN.

chicagoburger

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Re: When to Take the Money and Run?

Postby chicagoburger » Tue Mar 21, 2017 1:46 pm

Stimpy wrote:Please redirect if this question is already posted . . .

What are your thoughts on Full Ride (CLS/UCHI/etc) vs full sticker price (all paid with loans, no financial aid or parent involvement) at Yale?

Career Goal: Litigation (possibly PD, possibly private) with opportunities for public interest or academia later in life.


Tradition is made to be broken.
Ranking can change dramatically or mean much less 10-20 years down the road.

Take the money

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BlendedUnicorn

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Re: When to Take the Money and Run?

Postby BlendedUnicorn » Wed Mar 22, 2017 5:08 am

Given your stated goals I would absolutely take the money.

Stimpy

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Re: When to Take the Money and Run?

Postby Stimpy » Wed Mar 22, 2017 10:23 am

When would Yale be worth the money then?

cavalier1138

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Re: When to Take the Money and Run?

Postby cavalier1138 » Wed Mar 22, 2017 10:35 am

Stimpy wrote:When would Yale be worth the money then?


For me, unicorn PI followed by a lengthy career in academia. Any other career goals can be met by CCN, and you won't be consumed by debt.

whysooseriousbiglaw

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Re: When to Take the Money and Run?

Postby whysooseriousbiglaw » Wed Mar 22, 2017 1:31 pm

I'd take the $$$.

Nebby

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Re: When to Take the Money and Run?

Postby Nebby » Wed Mar 22, 2017 1:33 pm

This is the most absurd question I've ever seen in the last 24 hours and absolutely anyone choosing Yale at sticker in this instance is either a 0L or a fucking idiot

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waldorf

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Re: When to Take the Money and Run?

Postby waldorf » Wed Mar 22, 2017 1:37 pm

Nebby wrote:This is the most absurd question I've ever seen in the last 24 hours and absolutely anyone choosing Yale at sticker in this instance is either a 0L or a fucking idiot


I just wanna say I lol'ed.

I'd take the money. Look at the student loan thread to see the kind of six figure loans people are dealing with. That's not a lifestyle you want if you can help it.

Stimpy

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Re: When to Take the Money and Run?

Postby Stimpy » Wed Mar 22, 2017 1:41 pm

So the argument is that money trumps all in this comparison?
Last edited by Stimpy on Wed Mar 22, 2017 1:46 pm, edited 1 time in total.

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lymenheimer

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Re: When to Take the Money and Run?

Postby lymenheimer » Wed Mar 22, 2017 1:42 pm

Stimpy wrote:So . . . obviously I'm a 0L. Glad we got that mystery out of the way ;)

I'm not sure the answer is black and white though. Few students seem to turn down Yale.

Very novel. Thank you for filling these fora with questions of first impression such as this.

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guynourmin

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Re: When to Take the Money and Run?

Postby guynourmin » Wed Mar 22, 2017 1:49 pm

Stimpy wrote:I'm not sure the answer is black and white though. Few students seem to turn down Yale.


there are more fulls given out at CCN each year than the number of students who turn own Y, so it is possible that 100% of them received fulls to one of CCN. Obviously its also possible none of them received fulls to one of CCN, but I feel like that is less likely.

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A. Nony Mouse

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Re: When to Take the Money and Run?

Postby A. Nony Mouse » Wed Mar 22, 2017 1:55 pm

Anecdotal of course, but there was a poster here who got into Yale but no $$ from any of the T14, so it can happen. I can see taking Yale under those circumstances.

TAD

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Re: When to Take the Money and Run?

Postby TAD » Wed Mar 22, 2017 2:11 pm

Don't mean to hijack the thread, but would you guys take Y in my case? Similar goals, debt at repayment is about $132,121. Next closest offer is Michigan with 150k Scholarship.

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waldorf

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Re: When to Take the Money and Run?

Postby waldorf » Wed Mar 22, 2017 2:15 pm

TAD wrote:Don't mean to hijack the thread, but would you guys take Y in my case? Similar goals, debt at repayment is about $132,121. Next closest offer is Michigan with 150k Scholarship.


Yes.

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Mullens

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Re: When to Take the Money and Run?

Postby Mullens » Wed Mar 22, 2017 2:18 pm

TAD wrote:Don't mean to hijack the thread, but would you guys take Y in my case? Similar goals, debt at repayment is about $132,121. Next closest offer is Michigan with 150k Scholarship.


Yeah this is the situation where you take Yale over money at a lower T14.

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guynourmin

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Re: When to Take the Money and Run?

Postby guynourmin » Wed Mar 22, 2017 3:02 pm

TAD wrote:would you guys take Y in my case?


be careful not to bite their hand off when you accept Y. definitely.

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BlendedUnicorn

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Re: When to Take the Money and Run?

Postby BlendedUnicorn » Wed Mar 22, 2017 3:05 pm

TAD wrote:Don't mean to hijack the thread, but would you guys take Y in my case? Similar goals, debt at repayment is about $132,121. Next closest offer is Michigan with 150k Scholarship.


What's debt at repayment for Mich?

TAD

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Re: When to Take the Money and Run?

Postby TAD » Wed Mar 22, 2017 3:42 pm

HuntedUnicorn wrote:
TAD wrote:Don't mean to hijack the thread, but would you guys take Y in my case? Similar goals, debt at repayment is about $132,121. Next closest offer is Michigan with 150k Scholarship.


What's debt at repayment for Mich?


Couple hundred dollars under 67k (excluding any SA position)

Alexandros

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Re: When to Take the Money and Run?

Postby Alexandros » Wed Mar 22, 2017 4:05 pm

.
Last edited by Alexandros on Thu Jun 15, 2017 10:10 pm, edited 1 time in total.

Stimpy

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Re: When to Take the Money and Run?

Postby Stimpy » Wed Mar 22, 2017 5:31 pm

Re-Hijacking. At what level of financial aid is Yale worth the money over Ruby?

AnonHumanPerson123

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Re: When to Take the Money and Run?

Postby AnonHumanPerson123 » Wed Mar 22, 2017 6:10 pm

Stimpy wrote:Re-Hijacking. At what level of financial aid is Yale worth the money over Ruby?


You should consider moving this over to the "Choosing a Law School" forum.

Stimpy

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Re: When to Take the Money and Run?

Postby Stimpy » Wed Mar 22, 2017 6:14 pm

Great idea - will do! Thank you

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lymenheimer

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Re: When to Take the Money and Run?

Postby lymenheimer » Wed Mar 22, 2017 7:08 pm

AnonHumanPerson123 wrote:
Stimpy wrote:Re-Hijacking. At what level of financial aid is Yale worth the money over Ruby?


You should consider moving this over to the "Choosing a Law School" forum.

Yes...please...make another thread like this. That's what this forum needs.

gwillygecko

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Re: When to Take the Money and Run?

Postby gwillygecko » Wed Mar 22, 2017 8:24 pm

#unicornproblems

Next on TLS:tiffany trump asking which ls her dad should "donate" her way into



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