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Take the money and Run; YS - CCNH?

Posted: Tue Apr 22, 2014 1:09 pm
by 09042014
COA is nearing 300k at the T14.

Even Yale at sticker isn't a good deal. Thats 3.5k a month for 10 years.


Lets take Northwestern at sticker. NW is an average T14. Data is from here --->http://www.law.northwestern.edu/depts/c ... index.html

Bad Outcomes -
1.7% full time school jerbs
4.2% - Unemployed
1.4% grad degree
3.5% short term or part time

Salary outcomes
77.82% make over 60k (67% make over 100k)
5.63% are unemployed
4.23% don't report
12.3% between 0 and 60k

Good outcomes
70% make over 80k
8% clerking (presumably under 80k in salary)
3% public interesting (ditto)
6% gov't (ditto)
(1.75% for school funded) (because I presume they are in PI or gov't fulltime categories)

That's 87% in good outcomes. Or at least decent.

What do you think HLS or Yale's numbers are? 95%? Sure better, but not 150k worth.

Re: Take the money and Run

Posted: Tue Apr 22, 2014 1:17 pm
by muskies970
If making money is your only reason/ consideration in choosing a law school. yes.

Re: Take the money and Run

Posted: Tue Apr 22, 2014 1:18 pm
by xRON MEXiCOx
You've been threading hard recently, bro.

Re: Take the money and Run

Posted: Tue Apr 22, 2014 1:18 pm
by 09042014
muskies970 wrote:If making money is your only reason/ consideration in choosing a law school. yes.
If it's not you will sorely disappointed. The money is the only good part.

Re: Take the money and Run

Posted: Tue Apr 22, 2014 1:18 pm
by 09042014
Ron Mexico wrote:You've been threading hard recently, bro.
DF RESURAGENCE

Re: Take the money and Run

Posted: Tue Apr 22, 2014 1:19 pm
by anyriotgirl
muskies970 wrote:If making money is your only reason/ consideration in choosing a law school. yes.
please share some other considerations with us. please

Re: Take the money and Run

Posted: Tue Apr 22, 2014 1:32 pm
by MKC
3.5k/month = 42k a year

minimum wage = ~16k/year

So, after taxes, 80k a year is roughly minimum wage while paying off sticker debt.

Re: Take the money and Run

Posted: Tue Apr 22, 2014 1:33 pm
by exitoptions
anyriotgirl wrote:
muskies970 wrote:If making money is your only reason/ consideration in choosing a law school. yes.
please share some other considerations with us. please
I didn't go to law school only to make more money. And I'm doing what I wanted to do. But let me tell you, once you get over ~$150k in non-dischargeable loans, you don't have the option to care about much other than money. I can't even imagine what $300k would do to you.

Re: Take the money and Run

Posted: Tue Apr 22, 2014 1:57 pm
by 09042014
MarkinKansasCity wrote:3.5k/month = 42k a year

minimum wage = ~16k/year

So, after taxes, 80k a year is roughly minimum wage while paying off sticker debt.
Law students in NYC spend about 30k a year on living. That's 72k a year like living as a student IN PRE TAX living. 160k at biglaw is only 96K take home. You basically get an extra 14k over law students. lololoololol

It requires about 118k dollars a year salary. That's what you need to LIVE LIKE A LAW STUDENT.

Re: Take the money and Run

Posted: Tue Apr 22, 2014 2:00 pm
by cotiger
Desert Fox wrote:
MarkinKansasCity wrote:3.5k/month = 42k a year

minimum wage = ~16k/year

So, after taxes, 80k a year is roughly minimum wage while paying off sticker debt.
Law students in NYC spend about 30k a year on living. That's 72k a year like living as a student IN PRE TAX living. 160k at biglaw is only 96K take home. You basically get an extra 14k over law students. lololoololol

It requires about 118k dollars a year salary. That's what you need to LIVE LIKE A LAW STUDENT.
Yeah but if that 300k is to go to Harvard, then you're like totally guaranteed biglaw. So it's totally worth it, amirite?

Re: Take the money and Run

Posted: Tue Apr 22, 2014 2:07 pm
by buffalo_
Desert Fox wrote:
MarkinKansasCity wrote:3.5k/month = 42k a year

minimum wage = ~16k/year

So, after taxes, 80k a year is roughly minimum wage while paying off sticker debt.
Law students in NYC spend about 30k a year on living. That's 72k a year like living as a student IN PRE TAX living. 160k at biglaw is only 96K take home. You basically get an extra 14k over law students. lololoololol

It requires about 118k dollars a year salary. That's what you need to LIVE LIKE A LAW STUDENT.
96k-72k= 24k

:D Maths are hard.

Re: Take the money and Run

Posted: Tue Apr 22, 2014 2:15 pm
by 09042014
buffalo_ wrote:
Desert Fox wrote:
MarkinKansasCity wrote:3.5k/month = 42k a year

minimum wage = ~16k/year

So, after taxes, 80k a year is roughly minimum wage while paying off sticker debt.
Law students in NYC spend about 30k a year on living. That's 72k a year like living as a student IN PRE TAX living. 160k at biglaw is only 96K take home. You basically get an extra 14k over law students. lololoololol

It requires about 118k dollars a year salary. That's what you need to LIVE LIKE A LAW STUDENT.
96k-72k= 24k

:D Maths are hard.
I didn't get a D+ in Diff. Eq. cause the prof hated me. :lol:

Re: Take the money and Run

Posted: Tue Apr 22, 2014 2:15 pm
by twenty
Basically, we're here because we majored in beer during college, we have a family friend who graduated from law school in 1975 and is making a quarter of a million a year who recommends law school because "we seem to like to argue." Difficult subjects like "compound interest" or "negative amortization" be damned -- we don't want to get paid to do math, we want to argue about shit in front of a guy in a black bathrobe and say words like "objection" and "tampering."

Also, Suits makes biglaw seem pretty manageable, if not outright awesome.

Re: Take the money and Run

Posted: Tue Apr 22, 2014 3:04 pm
by nouseforaname123
exitoptions wrote:
anyriotgirl wrote:
muskies970 wrote:If making money is your only reason/ consideration in choosing a law school. yes.
please share some other considerations with us. please
I didn't go to law school only to make more money. And I'm doing what I wanted to do. But let me tell you, once you get over ~$150k in non-dischargeable loans, you don't have the option to care about much other than money. I can't even imagine what $300k would do to you.
So, what are the other considerations?

Re: Take the money and Run

Posted: Tue Apr 22, 2014 3:08 pm
by Theopliske8711
misread.

Re: Take the money and Run

Posted: Tue Apr 22, 2014 3:09 pm
by anyriotgirl
nouseforaname123 wrote:
exitoptions wrote:
anyriotgirl wrote:
muskies970 wrote:If making money is your only reason/ consideration in choosing a law school. yes.
please share some other considerations with us. please
I didn't go to law school only to make more money. And I'm doing what I wanted to do. But let me tell you, once you get over ~$150k in non-dischargeable loans, you don't have the option to care about much other than money. I can't even imagine what $300k would do to you.
So, what are the other considerations?
I would love to hear them. I could use the lulz

Re: Take the money and Run

Posted: Tue Apr 22, 2014 3:15 pm
by jbagelboy
Yale's financial aid policy is designed so no student goes more than $150k in debt at graduation (borrowing ~$40k/year). You're either facially wealthy or the trustees step in to fill in the difference. That's why it's almost always the right choice.

Also, why do we need 4 concurrent threads on IDENTICAL issues? Or was this just s shameless broadcast of alma mater? :)

Re: Take the money and Run

Posted: Tue Apr 22, 2014 3:18 pm
by aboutmydaylight
jbagelboy wrote:Yale's financial aid policy is designed so no student goes more than $150k in debt at graduation (borrowing ~$40k/year). You're either facially wealthy or the trustees step in to fill in the difference. That's why it's almost always the right choice.

Also, why do we need 4 concurrent threads on IDENTICAL issues? Or was this just s shameless broadcast of alma mater? :)
HYS are all designed that way (43k initial contribution for H, 40k for YS) but that doesn't mean they work out in practice. Although S was more or less dead on with me.

Re: Take the money and Run

Posted: Tue Apr 22, 2014 3:19 pm
by exitoptions
anyriotgirl wrote:
nouseforaname123 wrote:
exitoptions wrote: I didn't go to law school only to make more money. And I'm doing what I wanted to do. But let me tell you, once you get over ~$150k in non-dischargeable loans, you don't have the option to care about much other than money. I can't even imagine what $300k would do to you.
So, what are the other considerations?
I would love to hear them. I could use the lulz
I wanted to be a prosecutor... Is that funny? It's not exactly the best choice for getting rich quick.

Re: Take the money and Run

Posted: Tue Apr 22, 2014 3:21 pm
by moopness
At what point is it a bad idea to go to a school like CCN? Is it ok to go with 60k in scholly? 90k? Or is anything less than a full ride to CCN a bad idea? Obviously the latter is ridiculous, but at what point do we draw the line?

Re: Take the money and Run

Posted: Tue Apr 22, 2014 3:22 pm
by anyriotgirl
exitoptions wrote:
anyriotgirl wrote:
nouseforaname123 wrote:
exitoptions wrote: I didn't go to law school only to make more money. And I'm doing what I wanted to do. But let me tell you, once you get over ~$150k in non-dischargeable loans, you don't have the option to care about much other than money. I can't even imagine what $300k would do to you.
So, what are the other considerations?
I would love to hear them. I could use the lulz
I wanted to be a prosecutor... Is that funny? It's not exactly the best choice for getting rich quick.
we want to hear about why you would choose a specific school for reasons other than money/employment prospects not about why people do PI

Re: Take the money and Run

Posted: Tue Apr 22, 2014 3:25 pm
by bearsfan23
OP is wrong, as usual.

Why would you take the money and run? Are you suggesting it makes more sense to go to DePaul on a full scholarship than Northwestern. That's a pretty dumb decision if you have any interest in actually working as a lawyer.

Just stick to the conventional TLS wisdom: Either Yale on a half scholarship or don't go.

Re: Take the money and Run

Posted: Tue Apr 22, 2014 3:27 pm
by Theopliske8711
bearsfan23 wrote:OP is wrong, as usual.

Why would you take the money and run? Are you suggesting it makes more sense to go to DePaul on a full scholarship than Northwestern. That's a pretty dumb decision if you have any interest in actually working as a lawyer.

Just stick to the conventional TLS wisdom: Either Yale on a half scholarship or don't go.
You probably didn't do too well on the LSAT, did you?

Re: Take the money and Run

Posted: Tue Apr 22, 2014 3:28 pm
by 09042014
jbagelboy wrote:Yale's financial aid policy is designed so no student goes more than $150k in debt at graduation (borrowing ~$40k/year). You're either facially wealthy or the trustees step in to fill in the difference. That's why it's almost always the right choice.

Also, why do we need 4 concurrent threads on IDENTICAL issues? Or was this just s shameless broadcast of alma mater? :)
Assuming your parents give you the money the schools claims they should.

Re: Take the money and Run

Posted: Tue Apr 22, 2014 3:30 pm
by DrStudMuffin
anyriotgirl wrote:
we want to hear about why you would choose a specific school for reasons other than money/employment prospects not about why people do PI
Unless this is implied with employment prospects, location can be important depending on where you want to work after graduation (among other reasons for wanting a certain location).

Example: paying more for Berkeley than you would for Penn because you want to live/work in San Francisco.