Need some TLS wisdom!! Forum

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Vote for Elle!

Northwestern COA 245k
1
3%
Michigan 190k
25
81%
Cornell 209k
0
No votes
Pray for the WLs
5
16%
 
Total votes: 31

peasandcarrots

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Need some TLS wisdom!!

Post by peasandcarrots » Wed Apr 30, 2014 7:40 pm

Ok, here are the facts:

Considering: Northwestern, Michigan, Cornell
Waitlists: Columbia, NYU, Penn, UVA, Duke
I've ruled out schools like Vandy, UCLA and Wash U because they were only about 10k less in COA with negotiated scholarships

I'll be financing entirely on loans - the COAs below were calculated using my negotiated scholarship offers and LS22's sweet calculator):
Northwestern 245k
Michigan 190k
Cornell 209k

I live and work in Chicago now, have always lived in the Midwest (I have some ties to Michigan specifically).
Have 3 years of finance experience, want to work in Chicago or NY, Biglaw (I'm so typical :wink: )

I'm a 3.4 UG (better in grad school) 169, I've taken the LSAT three times and am probably maxed out.

My heart says Northwestern but my wallet says NO. Also, I can't figure out how to afford housing around NU on their budget, which is something I'll have to deal with if I end up there.

What's the wisdom? Embrace three years in Ann Arbor? Ride the waitlists hard? I kept waiting for that moment when the choice just becomes CLEAR and it never happened!

TYIA!

PS, please be nice, I'm new here

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SFrost

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Re: Need some TLS wisdom!!

Post by SFrost » Wed Apr 30, 2014 7:45 pm

I think your COAs make it pretty clear. Michigan all the way.

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First Offense

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Re: Need some TLS wisdom!!

Post by First Offense » Wed Apr 30, 2014 7:48 pm

If you HAVE to go, I guess it'd be Michigan. Do some serious soul-searching though - you'll be repaying more of that when the interest is factored in - so look at your opportunity cost based on your current earning potential and all that jazz, and decide whether it's worth it.

peasandcarrots

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Re: Need some TLS wisdom!!

Post by peasandcarrots » Wed Apr 30, 2014 7:58 pm

First Offense wrote:If you HAVE to go, I guess it'd be Michigan. Do some serious soul-searching though - you'll be repaying more of that when the interest is factored in - so look at your opportunity cost based on your current earning potential and all that jazz, and decide whether it's worth it.
Luckily, those numbers include interest, capitalized interest, general inflation, tuition increases, everything pessimistic I could think of

yost

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Re: Need some TLS wisdom!!

Post by yost » Wed Apr 30, 2014 8:26 pm

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Last edited by yost on Wed Jul 23, 2014 2:28 pm, edited 1 time in total.

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jk148706

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Re: Need some TLS wisdom!!

Post by jk148706 » Wed Apr 30, 2014 10:25 pm

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Last edited by jk148706 on Wed Jun 24, 2015 9:50 pm, edited 1 time in total.

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ggocat

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Re: Need some TLS wisdom!!

Post by ggocat » Wed Apr 30, 2014 10:32 pm

I guess Michigan, but I don't like any of your options.

http://top-law-schools.com/forums/viewt ... +is+stupid

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cron1834

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Re: Need some TLS wisdom!!

Post by cron1834 » Thu May 01, 2014 12:43 am

Too expensive for any of them. Shoot for total debt = annual biglaw salary.

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Ded Precedent

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Re: Need some TLS wisdom!!

Post by Ded Precedent » Thu May 01, 2014 12:47 am

Can you try to negotiate? Never hurts to ask for more $$.

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lawschool22

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Re: Need some TLS wisdom!!

Post by lawschool22 » Thu May 01, 2014 9:08 am

If you decide you are set on LS this year, then Michigan is the best choice here.

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eljefe1

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Re: Need some TLS wisdom!!

Post by eljefe1 » Fri May 02, 2014 12:01 am

I think that you should consider whether you want Chicago or NYC more, then choose Northwestern or Cornell accordingly. If all else fails, you can sneak off to Bangkok or some other SE Asian city. India has some cool places, too.

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