kitkat450 wrote:Anyone seriously considering choosing a lower T14, UT/UCLA/VANDY/USC etc. with $$$ over a higher ranked school for either financial or personal reasons?
I'm struggling with this decision and would be interested in talking to other TLSers that are struggling with similar decisions.
Also interested in hearing from any 1L, 2L, 3L's that made this decision. Regret talking $$$ over ranking, vice versa? Happy with decision?
Please, don't comment if your just going to say its stupid to turn down a school bc its highly ranked : )
I'm super bored this week so I have nothing else to do, hope no one minds the long read =).
Pretty much everyone on TLS has this "problem," since a good chunk of the members are the T14 type. The answer you're going to get is: it depends. And it depends primarily on the following:
-Current financial situation (e.g. any undergraduate debt? rich parents? any money saved up?)
-What do you want to do with your law degree? (Do you want to work in a big law firm? Do you want to do something in the public sector? Maybe you want to go into academia)
You can see how different answers to those questions can change the answer to the ones you asked.
With that said, I would tell you the following: In my humble opinion, 80% of the people who are facing this question are pretty much in the same boat: they don't have any significant amount of money saved up (meaning, debt will be an issue), and most of them want to have at least the OPTION of going into biglaw.
In general: public interest/public sector/academia = low paying/at least initially. If you have $120k+ of debt, you might not have the luxury of doing this. In any event, only a few of the most highly ranked schools have generous enough loan repayment/forgiveness programs (or, in academia's case, enough prestige/clout) to make this a feasible option. Therefore, if you wanted/could do this, you wouldn't have the above mentioned dilemma in the first place. Others are more knowledgable on this, but that seems to be the general view on TLS and it seems to make sense.
If you want to do something else, however, then...
You can go to a lower ranked school (e.g. Cooley) and graduate with little to no debt, but you run the risk of significantly hurting your future job prospects, not only immediately after graduation but perhaps beyond that point too (the job you have after graduation will probably have an impact on your future jobs--you do the math). Of course, the top 5-10% of a lower ranked school might still have really good jobs lining up, but since you can't really predict how well you will do in any given law school, I believe this is, for 80% of the people asking, not the better option. No debt is fun. But why did you just put yourself through three years of hell to end up with no job (or a job with a salary you could have gotten without putting yourself through hell)? Do you really want to be an attorney THAT bad that you don't care? (Let's be honest, you won't know what it's like until you actually do it--you might end up HATING the day to day of being a lawyer. Besides, the type of law you think you will enjoy might not be a realistic option).
Of course, most of our decisions don't boil down to full ride at Cooley vs. sticker at Harvard. In my humble opinion, I think if you go to one of the T14, in the long run, you'll probably be ok, especially if the economy picks up.
As a general rule, the higher the school is ranked, the easier it will be at any given class rank to get into biglaw. However, that doesn't mean the school ranked #6 is better than #7. Instead, #4 is probably better than #10 or #14. And even if #6 IS better than #7 by some objective measures, it still might not be the right choice for you. This is where things like scholarship money, cost of living, and other personal preferences should be given a second thought. Also, where you want to WORK is important (the closer the school is to where you want to work, the easier it'll be for you to get a job there compared to its peer schools).
For example, if one school (School A) places better in a market you want to work in (usually because it's closer to that area), then it would make sense to give up the opportunity to go to a better ranked school (School B) and go there instead. Usually, if you've gained acceptance to a higher ranked school than School A, you will probably have the added benefit of getting a scholarship from there too, thus further easing your debt burden upon graduation. As a general rule, however, the T14s are "national schools," meaning they can place graduates at just about any given market. You should do some research and check to see if going to a non-T14, local school will still give you a reasonable shot in that market to make the trade-off between less debt/inferior chance at getting a job vs. more debt/better chance of getting a job worth it. In fact, even within the T14, that advice should hold true as well.
A lot of people on TLS have rules of thumb like (1) if you get into HYS, go there no matter what (and only reconsider for a full ride to a T6). Or (2) Go to a T6 unless any of the other T10s give you a substantial enough of a scholarship to cushion the "pain" of having to go to a lower ranked school. I try to ignore these rules of thumb because they are based on the advice I gave in the preceding paragraph, which is simple enough so as to not reduce to a "rule of thumb." Also, the rankings can change. Picking NYU (#6) over Penn (#7) just because it's in the "Top 6" will look stupid if Penn replaces NYU in next year's ranking (and I wouldn't be surprised if it did either).*
*I recognize that terms like "T6" or "T3" exist because the schools that have been in the top six/three have been the same six/three schools for a long time, suggesting that there's something inevitable about their future status. Even still, I think my advice is appropriate.
Anyway, I did enjoy typing this up. Hope someone finds it useful =).
These questions gets asked EVERY single cycle. Why don't we have a sticky for this? Or do we?