Lovely Ludwig Van wrote: AllTheLawz wrote:
manofjustice wrote:Is Harvard worth sticker?
I don't think any school is worth sticker. I am here at half price and I still question my decision to turn down full scholarships in the top 10. Biglaw is a very short career for most of us and tuition is insane. I am currently on track for $140-150K in debt at graduation and plan on getting it paid down in 5 years. That translates to about $2900/month. Perfectly feasible if I can hold on to biglaw for a significant amount of that time period. At $240K (sticker cost over 3 years, assuming no pay down) you are betting on having either a $150K+ income or a very low income for the entirety of the 10 year period and life after big law
So you don't think Harvard is worth sticker even with LIPP?
If you are 100% certain you want to be on LIPP and have thought out all the implications of that decision then cost doesnt really matter. Hell, you could argue that HLS would be worth it at a cost of $10,000,000 if your effective cost is going to be zero anyway. At that point, your decision should be more dependent on the intricacies of the school's LRAP/LIPP program and whatever consequences for a higher actual debt load that creates.
manofjustice wrote:People at Harvard going sticker, do you worry about limited career choices? T10 with money would be great...do people turn down T10s with money to go to Harvard all the time?
The debt does limit some options. For instance, if I got offered a job with a smaller but growing company at say $90K early on in my career it would be somewhat difficult to accept that job, service debt and still live comfortably. LIPP helps people take sub-$60K jobs but there is a $90K-$120K donut hole where LIPP doesnt help much, if at all, and it would be difficult to service a high debt load.
People turn down T10 with money all the time to attend HLS. I got offered full scholarships at multiple T10s and took Harvard at around half-price. Many others did the same.