splitmuch wrote:And just got a email saying all money is gone from NW. Anyone wanna try and talk me into not taking on 200k of debt (or into giving up my WUSTL seat)?
As a fellow splitter who wants to work in Chicago, I would have taken NU for sure (didn't get in though). But this year, WUSTL is giving twice as much money to splitters. If I got twice as much money, it would have made me think long and hard.
But even with a Biglaw salary, $200K in debt is a lot to pay off. And many people don't last in biglaw more than 5 years or so.
Also, consider the fact that COL is cheaper here in STL. I've only taken out $10K this year for COL and I've managed fine, although I did get a big tax return that helped me out this semester.
It depends on what you really want to do. If you want to pay $1,300/month for the next 25 years to pay off your loans and take a shot at Biglaw, go to NW. If you want to live like a college student for 5 years and pay off your loans at $50,000 per year while working 60 hours a week, go for it. Remember, less than 10% of associates at a lot of the biggest firms make partner.
Do you have a lot of undergrad debt? Do you really want to go to law school and kill it for the first year? If you're willing to put in 12 hours a day and you're really dedicated, you'll likely do well enough at either school to get biglaw. If you're going to law school because you're bored or just want to meet some new drinking buddies, you probably won't be motivated enough to do well.
Either way, don't stress too much, because both are pretty decent options.