alexonfyre wrote:Say you went into it with $0 in the bank. Would you still pay 100% of sticker price and COL to go to NU, if offered a full ride from the lower Tier 1 (Say 35-50 range?)
This is all about your goals. If you are a biglaw or bust type kid, go to NU. I've said this before: I don't think going to any school besides YHS at sticker is a great idea. I am likely a minority opinion, though.
After reading through, I seem to have a lot in common with the NU students in the thread, so I was hoping to know if, having attended the school, they would choose to go there at full sticker or take the full ride option somewhere else. That said, looking at the 2012 employment numbers from USN, if NU isn't completely lying, then 82% of the class gets a private sector job with the 25-75 salary being 160k, 91% reporting. If you go PI and get a 59k median salary, then you pay $6500 a year for 10 years and your debt is fully paid (assuming $220k worth of debt.) Chances are your pay will go up in that time, and given the current rate of GS promotions you will average about $8500 per year. Your loan payments are all deductible so you make either an average of $120,000+ taxable dollars over 10 years (I don't know how often or how high private sector raises are) in the private sector or about $65k (avg. over 10 years) in PI to completely pay your law school debt. Then by the time you are 40 you are free of school debt and get a de facto raise by the amount your loan payments were. Compare this to a median at the 35-50 where you make $95k avg. in the private sector, and your PI salary would be around 60k (avg.)
Seems like a solid deal to me.
Hm......I guess I sort of answered my own question there....
EDIT: Digging a little further, it would seem that in order to actually best those numbers, you would need to get a full ride to T20, or at least a 3/4 ride to Vandy, UCLA, or UT.