Alexandros wrote: Anon-e-miss wrote: Alexandros wrote:
I assumed you were referring to every single thread in the lounge.
oopsu812 wrote: Alexandros wrote:
oopsu812 wrote:The thread that shall not be named is the WORST. Jeeeeesus.
The Ruby one I've been bitching about for days. Don't want to beat a dead horse but it gets worse and worse every single day.
Honestly, people should just admit that they want H because it's their dream school and it makes them feel cool and prestigious.
Could see why someone would take HYS (or even Columbia) over a non-Ruby full tuition scholly if they want certain PI gigs like myself. HYS + Columbia have LRAPs that amortize debt and don't rely on PSLF, unlike literally every other school.
If you want biglaw or, to a lesser extent, bigfed then HYS at sticker over Hamilton/Vanderbilt seems like more of a reach.
I could get a Dillard or Mordecai, but still wouldn't be able to service the 10-year CoL debt on, say, a 60k salary.
There's an enormous risk there, when you consider the amount of people that come in to LS thinking they want PI who later change their minds. Also, these LRAPs leave limited room for time off / periods of unemployment that could apply to things you can't anticipate or plan for. There are repayment plans that make ~50-60k debt manageable even on a low salary not eligible for PSFL.
Harvard and Yale have major flexibility in terms of what is covered by their LRAPs, though (less so with Stanford)
I can only speculate, but I suspect the amount of people who concede to OCI social pressure is lower there than at other T14s given the schools' placement power for unicorn and typical PI positions. That being said, your point about risk is still true. The risks you mention are more significant at other T14s though if you do PI.
Additionally, since HHYSC LRAPs are not tied to PSLF, the restriction on qualifying employment are much more relaxed, especially at HY. I purport that banking on holding onto a PSLF-eligibale legal PI job for 10 years while your debt negatively amortizes, while also relying on IBR and PSLF to remain intact, is a greater risk than HY and even CS LRAPs which actually pay off your loans so that if shit hits the fan or you decide to go to the private sector after 5 years, you are not in a worse place than you were upon graduation.
If you are a prospective non-"prestigious" PI gunner like me, that is a huge factor.