Chicago vs. NU -- New information
Posted: Thu Apr 11, 2013 8:10 am
Edited: New information has arrived. Chicago upped its scholarship offer. I also gave a bit more detail in the DC section.
Hey all --
Trying to make a final decision between Chicago and NU (withdrawn everywhere else).
Between scholarships and some family resources, I am looking at the following COA:
NU: 65-75K
Chicago: 110-120K
I give the range to account for the fact that I may not be 100% accurate in my projections for three years. That also assumes a SA job after 2L year contributing $15k.
Upon graduating, I would be interested in practicing in DC. My long-term goal is federal government (GC office at an executive agency, DOJ), but I recognize those jobs are very difficult to get, particularly right out of school, so working in a firm with a good regulatory practice is my most likely goal. It seems like clerking helps in federal government hiring, and it would probably be an interesting job, so I would like to pursue that but it isn't 100% critical to me. I have several years work experience in federal policy in DC. My position is not a very senior one, but it is substantive (i.e. not answering phones/making copies).
Pros of Chicago: Better job placement stats, better clerkship stats, better LRAP.
Cons of Chicago: Significantly more expensive, location not as good, it seems like less focus on clinical work.
Pros of Northwestern: Much cheaper, more clinical/externship focus, everyone says I would have "more fun" there (whatever that means), better location.
Cons of Northwestern: Not as strong placement in government/clerkships, worse job #s generally.
When I pose this question to people currently in law school, I tend to get a different answer than when I ask graduates. Maybe that is the experience of actually paying off the debt.
For what it is worth, I have run the numbers and at these debt levels, I would have approximately a $831/month payment at NU and $1376/month at UC, assuming a 10 year repayment plan. If I go on IBR, I would still be able to completely pay down the NU debt, assuming roughly 3.5% income growth per year, but would have a significant amount remaining from the UC debt after 25 years, leading to the dreaded income tax bomb.
I would be interested in any thoughts you all have. Thanks! Poll is open for re-voting.
Hey all --
Trying to make a final decision between Chicago and NU (withdrawn everywhere else).
Between scholarships and some family resources, I am looking at the following COA:
NU: 65-75K
Chicago: 110-120K
I give the range to account for the fact that I may not be 100% accurate in my projections for three years. That also assumes a SA job after 2L year contributing $15k.
Upon graduating, I would be interested in practicing in DC. My long-term goal is federal government (GC office at an executive agency, DOJ), but I recognize those jobs are very difficult to get, particularly right out of school, so working in a firm with a good regulatory practice is my most likely goal. It seems like clerking helps in federal government hiring, and it would probably be an interesting job, so I would like to pursue that but it isn't 100% critical to me. I have several years work experience in federal policy in DC. My position is not a very senior one, but it is substantive (i.e. not answering phones/making copies).
Pros of Chicago: Better job placement stats, better clerkship stats, better LRAP.
Cons of Chicago: Significantly more expensive, location not as good, it seems like less focus on clinical work.
Pros of Northwestern: Much cheaper, more clinical/externship focus, everyone says I would have "more fun" there (whatever that means), better location.
Cons of Northwestern: Not as strong placement in government/clerkships, worse job #s generally.
When I pose this question to people currently in law school, I tend to get a different answer than when I ask graduates. Maybe that is the experience of actually paying off the debt.
For what it is worth, I have run the numbers and at these debt levels, I would have approximately a $831/month payment at NU and $1376/month at UC, assuming a 10 year repayment plan. If I go on IBR, I would still be able to completely pay down the NU debt, assuming roughly 3.5% income growth per year, but would have a significant amount remaining from the UC debt after 25 years, leading to the dreaded income tax bomb.
I would be interested in any thoughts you all have. Thanks! Poll is open for re-voting.