Financial aid turnaround was crazy fast. I got something...but not enough to make $$$ elsewhere look any less sweet.
cc78 wrote:We always have to remember that YLS' COAP is unique and amazing. It's effectively a back end scholarship that's there for you even after you've long left the school.
I should probably know the answer to this, but what's so sweet about COAP? It doesn't seem that different from other LRAPs except for you don't have to be in law-related employment (and then, there's some kind of ominous language in their materials about benefits for folks who don't work at 501(c)'s maaaybe being taxable). If anyone has done more research into this and wants to share I would be very appreciative.
Did you tune in to YLS' webinar about COAP? They explain this better than I ever could, but these factors seemed relevant to me:
YLS' contribution curve is much smoother and remains higher into the upper incomes than HLS' or SLS'. Basically at those schools, if you make more than $80k, you're out. At YLS you're still getting help into the low six-figures of salary (assuming you grow into that salary level over a couple of years).
I have to push back a little on you about the 501c3 employment thing--one of the greatest risks of going to law school is that you may hate being a lawyer. For an old fart like me, there's less of a risk because I know exactly what I'm going to be doing, but if you're young this is wonderful insurance. Let's say you decide you want to write for Saturday Night Live and have to accept a few years of very low-paid menial work as a page before you get a real shot. If you go to HLS/SLS, you're not going anywhere because you'd be stuck with the choice between servicing your student loans and having shelter. At YLS, it's New York here you come! I am no tax expert, but I think any additional tax burden would not be so burdensome as to control your decision making. Freedom and flexibility are important in life.
You may not have this, or at least I hope you don't, but you can include $30,000 of undergraduate
debt in COAP...wha?
I realize that I am a total shill for Yale and that you have a Ruby in your lap, which, depending on what you want to do, sounds like the best scholarship imaginable. But, I do feel that objectively, YLS beats its peers in terms of LRAP/COAP.