StacyStrong wrote: aknecht wrote:
StacyStrong wrote:How many of you are taking the guaranteed vs. the stipulated scholarship?
I'm having a hard time deciding.
I am having a tough time too. When do we have to make the call by? I'm feeling pretty saucy and leaning towards the full amount right now.
I've looked at it over and over and haven't seen a date.
I really want to go for the full amount because i FEEL like I could at LEAST keep a 3.0 but, who knows really? It's almost like...if I can't stay in the top half of the class at LEAST, is it really worth going to law school?
But at the same time, it's SO risky to potentially lose 20k because I think I could stay in the top half.
Ahhhhhh, let me know what you end up deciding. I feel like we are in the same boat with a lot of things.
here is my only issue. If this were undergrad, I would take the full amount in a heart beat because undergrad is half full of kids that went there to drink and "slay bitches". Law school is a different game and I have no idea how I'll perform. It's full of people that REALLY need to do well for a job, scholarship money, or both.
I ran the numbers for three scenarios: (1) full scholarship ($25k) all three years plus the 10k grant the first year, (2) taking the guaranteed $15k/year and the first year 10k grant, and (3) $25k scholarship first year and the 10k grant and then full tuition for the next two years. The cost of just tuition worked out to $40,010, $79,010, and $90,010 respectively. Not that you need the math done for you but the $39,000 difference between the chance of getting the full amount all three years and the guaranteed money is enough to chance it in my mind. The difference between scenario 2 and 3 above is only $11,000 which is not enough of an incentive to take the guaranteed money (but that is a personal decision).
I hope you all are doing similar math when deciding, it makes it a pretty easy choice in the end. In fact, I just answered the question for myself in the writing of this post