W&L full ride v.s GULC sticker v.s GW 106k
Posted: Sat Mar 26, 2011 9:50 pm
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You're gonna need to give us some info before we can helpMonteCristo89 wrote:HELPPPPPPPPPPPPPPPPPPPPPPPPPPPPP
Glad I'm hoping for the chance to do GULC (almost certainly at sticker)...bk187 wrote:I'd say either W&L or GW.
W&L is probably the best overall choice. GW for $120k debt and GULC for $210k debt just seem like a bad idea. Maybe GW if you are feeling risky but not GULC.
bk187 wrote:I'd say either W&L or GW.
W&L is probably the best overall choice. GW for $120k debt and GULC for $210k debt just seem like a bad idea. Maybe GW if you are feeling risky but not GULC.
GW for $120k is okay. The reason I say that is if you bottom out (in terms of salary, which is very possible at GW), you'll start out around $50k and can repay your loan in around 10 years. GW's LRAP is awful by the way and not even a guarantee (your entrance into the program is completely at their discretion on top of the fact that it is just a crappy LRAP in general).Flips88 wrote:Glad I'm hoping for the chance to do GULC (almost certainly at sticker)...
If I were OP, I'd do GW with $30k/yr. Just kick ass and get a good job and the debt should be manageable. I'd look into GW's LRAP in the event that you end up working for the government or something. Live meagerly for the first few years and aggressively pay down debt.
Good luck with your choice. I'm in at GW with no $ and SPWL at GULC. I'd love your options.
GW definitely places significantly better than W&L in both government jobs and private practice (as well as DC the city in general). However, I am not sure whether it is worth double the cost of W&L. I think GW for $120k is a bit over my personal risk preference (I'd prefer paying $100k or less) but is within a manageable range.MonteCristo89 wrote:bk187 wrote:I'd say either W&L or GW.
W&L is probably the best overall choice. GW for $120k debt and GULC for $210k debt just seem like a bad idea. Maybe GW if you are feeling risky but not GULC.
Yeah...i mean going to a t30 law school for free does sound pretty tempting, but i was looking at some stats and W&L doesn't nearlyyyy place in private practice in DC as much as GW does
bk187 wrote:GW for $120k is okay. The reason I say that is if you bottom out (in terms of salary, which is very possible at GW), you'll start out around $50k and can repay your loan in around 10 years. GW's LRAP is awful by the way and not even a guarantee (your entrance into the program is completely at their discretion on top of the fact that it is just a crappy LRAP in general).Flips88 wrote:Glad I'm hoping for the chance to do GULC (almost certainly at sticker)...
If I were OP, I'd do GW with $30k/yr. Just kick ass and get a good job and the debt should be manageable. I'd look into GW's LRAP in the event that you end up working for the government or something. Live meagerly for the first few years and aggressively pay down debt.
Good luck with your choice. I'm in at GW with no $ and SPWL at GULC. I'd love your options.
The problem is that you can't guarantee you'll kick ass so it is poor to assume this. The question is whether you're okay with higher chance at "best case scenario" (biglaw) and having a worse worst case scenario ($120k debt). That is GW, whereas at W&L you'll have less of a chance at best case but your worst case isn't as bad (only half the debt, something like $60k or so).
Typoed here. I meant worst case scenario for GW as: $120k debt with a $50k salary. $60k debt at W&L makes for a much easier worst case scenario ($50k salary).bk187 wrote: The question is whether you're okay with higher chance at "best case scenario" (biglaw) and having a worse worst case scenario ($120k debt). That is GW, whereas at W&L you'll have less of a chance at best case but your worst case isn't as bad (only half the debt, something like $60k or so).
haha i didn't even catch that, i think i had the general gist of what you were trying to saybk187 wrote:Typoed here. I meant worst case scenario for GW as: $120k debt with a $50k salary. $60k debt at W&L makes for a much easier worst case scenario ($50k salary).bk187 wrote: The question is whether you're okay with higher chance at "best case scenario" (biglaw) and having a worse worst case scenario ($120k debt). That is GW, whereas at W&L you'll have less of a chance at best case but your worst case isn't as bad (only half the debt, something like $60k or so).
Actual worst case scenario is unemployed or employed part time but I think if that happens to you out of either of these schools then that is because you seriously fucked up and not because of the difference between the schools.
You've been around here long enough to know that this isn't as easy as you make it sound, and banking on this is a terrible strategy for investing in a law school.Flips88 wrote:If I were OP, I'd do GW with $30k/yr. Just kick ass and get a good job and the debt should be manageable.
I'd take GW (and it is the same offer that I am considering right now).MonteCristo89 wrote:haha i didn't even catch that, i think i had the general gist of what you were trying to say
hypothetically speaking, if we were to take W&L out of the equation (just because i didn't feel as strong of a connection to it when i visit as i did with gtown/gw), what do you think? thanks for your helpful insightt
gwuorbust wrote:While I voted for WL on first instinct, the networking opportunities of GW and of living in DC >>>>>>>> than WL. At WL you are essentially limited to emailing, OCI, CDO and maybe occasional student weekend to DC or whatever. With GW you can get out into the city to meet ppl every weekend if you take the initiative.
Plus, I think the social scene of GW >>> WL.
I feel like with networking it is less which school you go to than the impression you make. I was an undergrad at GW and was able to network pretty well. Basically it just comes down to being friendly and sounding knowledgeable. I went to a green technology conference hosted for free by google once. Meet some consultants, lawyers, one VC guy. gather the business cards and follow up. it may not lead to anything right away, but they are contacts you now have. which is better than can be said about what WL has to offer.MonteCristo89 wrote:gwuorbust wrote:While I voted for WL on first instinct, the networking opportunities of GW and of living in DC >>>>>>>> than WL. At WL you are essentially limited to emailing, OCI, CDO and maybe occasional student weekend to DC or whatever. With GW you can get out into the city to meet ppl every weekend if you take the initiative.
Plus, I think the social scene of GW >>> WL.
yeahh..that's very true on all accounts. but would you say the networking opportunities of GULC are significantly better than that of GW for the DC area? Or rather, would you say the opposite, that since GULC's got more students the networking gets more difficult since it's more students from the same school competing for the same spots? I've heard both...
gwuorbust wrote:I feel like with networking it is less which school you go to than the impression you make. I was an undergrad at GW and was able to network pretty well. Basically it just comes down to being friendly and sounding knowledgeable. I went to a green technology conference hosted for free by google once. Meet some consultants, lawyers, one VC guy. gather the business cards and follow up. it may not lead to anything right away, but they are contacts you now have. which is better than can be said about what WL has to offer.MonteCristo89 wrote:gwuorbust wrote:While I voted for WL on first instinct, the networking opportunities of GW and of living in DC >>>>>>>> than WL. At WL you are essentially limited to emailing, OCI, CDO and maybe occasional student weekend to DC or whatever. With GW you can get out into the city to meet ppl every weekend if you take the initiative.
Plus, I think the social scene of GW >>> WL.
yeahh..that's very true on all accounts. but would you say the networking opportunities of GULC are significantly better than that of GW for the DC area? Or rather, would you say the opposite, that since GULC's got more students the networking gets more difficult since it's more students from the same school competing for the same spots? I've heard both...
but what you really have to ask yourself if you are willing to go to these boring events, or will you just going to end up at the law school happy hour or locked in the library?
--ImageRemoved--Flips88 wrote:Just kick ass and get a good job and the debt should be manageable.