Ikki wrote: spacepenguin wrote: Ikki wrote:
shakingpaper wrote:How much debt is Cornell worth? (i.e. please provide an encouraging story about people you know getting a good job in their target market.... sigh)
Good question, I would guess anything above $100k is probably pushing it.
COA is $216K
So what you're saying is that everyone, except those who got a Dean's Scholarship, are probably pushing it? Don't be such a downer.
I'm very debt averse, I really wouldn't want to graduate with more than $100k in debt. I still think current 1Ls should chime in and give us their opinion.
EDIT: I'm not being a downer, with the economy in the shape it currently is, about half of us will find it very, very hard to make a return on our investment. I haven't been in that situation, but being in over $100k in non-dischargeable debt terrifies me. If you're not at least worried at the thought of possibly being unemployed in three years, then you must know something I don't.
I'm a 2L, and am taking out very nearly the full amount in loans. It usually seems worth it to me.
When I was freaking out about the debt and considering going to Texas despite the fact that Cornell was my first choice and is absolutely perfect for me (Texas would've been ~70K cheaper), my parents just kind of sat me down and explained to me that debt is a part of life. They pointed out that they had been in debt since I'd been born and were still in debt, but that even so we had a great life, and that the massive amount of debt they took on to start their own business was entirely worth it. They also reminded me that there's no such thing as debtors prison anymore.
Also, I don't really agree that 50% of you will have a very, very hard time making a return on your investments. I think ~40% of you merely won't have jobs handed to you at OCI. You'll actually have to put in some legwork to find jobs, but despite the attitude on TLS, there are lots of legal jobs that aren't BigLaw but pay well enough to pay back loans.