when is it ok to pay sticker at Umiami? Forum

[BigZuck]

Fun fact, 65.4% of UMiami students are attending with $0 in grant aid.

Sad fact

Nuts. I hope they're rich at least.

How does a school like that get such a fanatical following that they could have so many law lemmings? Cuz Jimmy Johnson? It's like the 3rd best school in the state and expensive AF.

[prezidentv8]

http://www.lstscorereports.com/schools/miami/jobs/2012/

U Miami sticker would probably be one of the worst career decisions I've seen this cycle.

Crucial modifier is crucial.

And telling.

[Nucky]

Fun fact, 65.4% of UMiami students are attending with $0 in grant aid.

Sad fact

Nuts. I hope they're rich at least.

How does a school like that get such a fanatical following that they could have so many law lemmings? Cuz Jimmy Johnson? It's like the 3rd best school in the state and expensive AF.

Willful ignorance. Read a few of the UMiami threads in here and you'll understand.

[The Dark Shepard]

they didn't give me a scholarship with a 168

Haha wtf that is ridiculous. I guess they have no shortage of people willing to pay sticker, as this thread amply demonstrates.

I was offered $20k/yr with a 159 and a splitter GPA (<25th percentile)

UM is not stingy with their scholarships.

Maybe this is a more recent phenomena? I'm a 0L and Nova's a 3L, so..

[TheSpanishMain]

Basically never, outside of some insanely improbable scenarios. If you won't retake don't go

[sublime]

..

[xylocarp]

Sticker at UMiami is okay if you have rich lawyer parents who will pay for it and then hire you regardless of grades/school/etc.

Sticker at UMiami in the vast majority of situations has the potential to be a life-ruining decision

[Ss2014]

Thanks for all the replies. I have to stay in miami because my husband is here and I really cannot leave.

Taking a yr off isn't Gona happen either because I probably won't pass 160.

Ill have my husband help me pay my debt if i am jobless so it won't ruin my life.

I guess I just want to know about some personal experiences with UM

[Mal Reynolds]

Never. It is never ok to pay sticker.

[Clearly]

Thanks for all the replies. I have to stay in miami because my husband is here and I really cannot leave.

Taking a yr off isn't Gona happen either because I probably won't pass 160.

Ill have my husband help me pay my debt if i am jobless so it won't ruin my life.

I guess I just want to know about some personal experiences with UM

Just stop. Taking a year off is the right decision. You are making the wrong decision. No one is pointing a gun at your head forcing you to attend law school at all. Either go to a school that is a viable option at that price or don't go, period.

[Danger Zone]

Never. It is never ok to pay sticker.

This.

[Ss2014]

So st Thomas full ride is the way to go over um sticker....if you HAD to choose?

[Mal Reynolds]

So st Thomas full ride is the way to go over um sticker....if you HAD to choose?

I would do something else with my life. Something that gave me a chance to make money over three years and not leave me without a job and a worthless piece of paper.

[sighsigh]

Ill have my husband help me pay my debt if i am jobless so it won't ruin my life.

Don't do this to your husband, please. And unless your husband is raking in a pretty deep six-figure salary the debt will never be paid off. Sticker at UM is ~250k. http://www.lstscorereports.com/schools/ ... osts/2012/

[03152016]

Since you'd like to hear from an actual Miami grad, here you go.

I actually attended the University of Miami and graduated not too long ago. Overall the university was a great experience however finding a job after graduation was very tough. I must admit the reason was a result of the poor economy and the caliber of the law school. Although UM is great for someone who wants to stay within the SF area (aka Miami, Ft. Lauderdale, and Palm Beach), its reputation is not well known outside the state.

That been said the risk of going to law school has never been higher, not only are the prospect of a future graduate uncertain the competition between peers has never been fiercer (Of course there is nothing wrong with competition) not even the top 10% of the graduating class can be guaranteed a stable position upon graduation. People starts to wonder where is this really going to take them in their career. PS lets not forget the other 90% of the student body.

I was at UM before and the after the market collapsed in 2008. I must say that the tone of prospective 3Ls as the classes progressed greatly differed. Those who graduated in 08 mostly procured employment either in Big law, small law, public law, shit law, or what have you. But after 08 people were getting rejection letters left and right not to mention the amount of revokation letters from Big Law to the top 10%. Pretty substantial number of graduates finished without a job in 2009 and most of them did not hesitate to fill the void of small law and even shit law. Now, the graduates in 2010 was simply depressing people were scrapping by for anything. People who would never have applied to public jobs were all of sudden philanthropists who wanted to save the public one at a time via the law. How pathetic....The truth was standards were lowered and not just by a bit. Let's just say it was the equivalent of someone falling off the cliff at the Grand Canyon.

Moral of the story is DO YOU RESEARCH. Have a good reason to go to law school. If you want to go to UM because you have heavy ties with SF or wants to have pretty long ties with it in the near future then GO by all means. Do not put yourself in 120K of debt because you THINK law school is a good idea because more than likely you assumption will blow up in your face.

Source

[Danger Zone]

So st Thomas full ride is the way to go over um sticker....if you HAD to choose?

So shooting yourself in the stomach is the way to go over shooting yourself in the face, if you had to choose?

[bonerland]

So st Thomas full ride is the way to go over um sticker....if you HAD to choose?

So shooting yourself in the stomach is the way to go over shooting yourself in the face, if you had to choose?

.

[03152016]

I just need justification for choosing Umiami at sticker.

Kinda feels like you have your mind made up and you're just looking for validation. If that's the case, just go and pray you're not part of the 41.2% of the class that was unable to find full-time work as a lawyer. Hope it's worth the $259,857.

[SoapyIllusion]

What you have to understand is just because you go to law school it doesn't mean you are guaranteed a job or will even become a lawyer. You have to look at the employment statistics of the school and you must rank high in class standing to even get a shot at a real job as a lawyer. Miami is ranked 61 (USN) and you are paying sticker price. People are hesitant to pay sticker for some of the TOP 14 schools so as you can see, paying sticker for Miami, giving its ranking and employment statistics, is not a very wise decision. You will have six figures of debt and if you don't graduate in the top 25%+ of your class (maybe even higher and even then you are still not guaranteed a job), you will have nothing to show for attending law school but a piece of paper and mountains of debt. Retake or don't go to law school.

Don't say you won't break 160, the LSAT is a LEARNABLE test and all it takes is self discipline and a decent study schedule to do well. If you score well, you will save so much more money as per the scholarships you would earn. If you are too lazy to take a year off and study for the LSAT then what makes you think you will graduate top in your class from Miami and make a good lawyer?

[n1o2c3a4c5h6e7t]

I need to get married and find a woman to pay all my educational bills.

[Ss2014]

What you have to understand is just because you go to law school it doesn't mean you are guaranteed a job or will even become a lawyer. You have to look at the employment statistics of the school and you must rank high in class standing to even get a shot at a real job as a lawyer. Miami is ranked 61 (USN) and you are paying sticker price. People are hesitant to pay sticker for some of the TOP 14 schools so as you can see, paying sticker for Miami, giving its ranking and employment statistics, is not a very wise decision. You will have six figures of debt and if you don't graduate in the top 25%+ of your class (maybe even higher and even then you are still not guaranteed a job), you will have nothing to show for attending law school but a piece of paper and mountains of debt. Retake or don't go to law school.

Don't say you won't break 160, the LSAT is a LEARNABLE test and all it takes is self discipline and a decent study schedule to do well. If you score well, you will save so much more money as per the scholarships you would earn. If you are too lazy to take a year off and study for the LSAT then what makes you think you will graduate top in your class from Miami and make a good lawyer?

I'm not lazy, I spent a long time studying for that test and just couldn't fix my speed. And another reason is I have already wasted 2 years and I just want to start now. The longer i wait, the worse it will be for my personal life.

My situation is def different. I am pursuing the jd out of my own interest and passion. I just want to go to a school where the environment will make me happy and enriched. Of course, the cost is not justified, I know that.

To whoever said I just need validation, ur right.

If i can pay off the debt within 5 years, then i will go. How likely is that? My income will be extra income by the way I will have zero expenses that I need to contribute to. The joys of traditional marriage.

[Clearly]

What you have to understand is just because you go to law school it doesn't mean you are guaranteed a job or will even become a lawyer. You have to look at the employment statistics of the school and you must rank high in class standing to even get a shot at a real job as a lawyer. Miami is ranked 61 (USN) and you are paying sticker price. People are hesitant to pay sticker for some of the TOP 14 schools so as you can see, paying sticker for Miami, giving its ranking and employment statistics, is not a very wise decision. You will have six figures of debt and if you don't graduate in the top 25%+ of your class (maybe even higher and even then you are still not guaranteed a job), you will have nothing to show for attending law school but a piece of paper and mountains of debt. Retake or don't go to law school.

Don't say you won't break 160, the LSAT is a LEARNABLE test and all it takes is self discipline and a decent study schedule to do well. If you score well, you will save so much more money as per the scholarships you would earn. If you are too lazy to take a year off and study for the LSAT then what makes you think you will graduate top in your class from Miami and make a good lawyer?

There is literally almost no chance of paying off sticker debt in 5 years from this school, not even exaggerating.


I'm not lazy, I spent a long time studying for that test and just couldn't fix my speed. And another reason is I have already wasted 2 years and I just want to start now. The longer i wait, the worse it will be for my personal life.

My situation is def different. I am pursuing the jd out of my own interest and passion. I just want to go to a school where the environment will make me happy and enriched. Of course, the cost is not justified, I know that.

To whoever said I just need validation, ur right.

If i can pay off the debt within 5 years, then i will go. How likely is that? My income will be extra income by the way I will have zero expenses that I need to contribute to. The joys of traditional marriage.

The odds of you paying off sticker from Miami in 5 years is absurdly low. Your loan payments will be about $4,000 a month if you're shooting for 5 years. So that's 48k a year, which isn't even a guaranteed income from that school. Even if you end up with a 50k a year job, you'd still be in the red after taxes, plus you'll bust your ass in law school, then again at work for the pleasure. Few students even pay off sticker debt in 5 years from schools that most kids get biglaw salaries from.

[03152016]

If i can pay off the debt within 5 years, then i will go. How likely is that? My income will be extra income by the way I will have zero expenses that I need to contribute to. The joys of traditional marriage.

Whoa, that is really, really unlikely. Tuition, fees, and books will come out to $47,866. Let's assume you have zero expenses -- you spend nothing on housing, food, clothing, transportation, bills, entertainment, etc. Courtesy of LawSchool22's fantastic COA calculator, that puts you $176,015 in debt at graduation factoring in tuition increases and loan fees. Assuming 6.41% interest, your monthly payment is $3,436.52 if you're on a five year plan.

If you have zero expenses after graduation, you need to earn $60,000 yearly, and put 100% of your income towards loans, to pay off this debt in five years. At $60k, monthly take-home in Florida should be $3,515.48.

But UMiami sends out surveys to all of its recent graduates asking for income information. Only 23.9% responded that they make $60,000 or more. Meanwhile, 41.2% failed to find full-time work as a lawyer.

Those are the numbers. Does UMiami at sticker still seem like a good idea?

[rayiner]

There is an additional problem here, which is that you're married. If you were single and got a low-paying job or no job, you would have very low payments under PAY-E. You'd never repay your loans, but it wouldn't ruin your life. But when you're married, the government will also factor in your husband's income, and your loan payments will be much higher. So you'd really have to geta pretty decent job for it not to affect your overall quality of life, and that's not in the cards.

If I were your husband, and had to choose, I'd pick St. Thomas.

[nebula666]

When suicide isn't an option comes to mind.