Harvard or Cornell (or maybe UT)
Posted: Sat Apr 04, 2015 5:30 pm
The schools you are considering and anticipated debt
Harvard - $150k or $200k/10 years (Won’t have an aid offer until the deadline which is why I’m going ahead and posting, but I’m anticipating it will be near max; parents are at retirement age and lower middle class)
Cornell - $65k or $91k/10 years
University of Texas - $30k or $41k/10 years
How you will be financing your COA, i.e. loans, family, or savings
Loans
Where you are from and where you want to work, and other places where you have significant ties (if any)
Minor ties to the South. No strong geographic preference.
Your general career goals
PI (BigLaw short-term only if absolutely necessary to help make a dent in the debt)
Your LSAT/GPA numbers
172/4.1
How many times you have taken the LSAT
Once (studied for months while working and 172 is right where my PTs suggested I would score, so a retake is unlikely to change my score much)
Additional
I know Harvard for that price is supposed to be a good deal, but I’m extremely debt averse and have never actually had to take out a loan (I tend to live below my means) so the prospect of $150,000 plus interest is a bit terrifying. While I could pay it off in 4 or 5 years of BigLaw, I know the burnout rate there is pretty high so gambling on my ability to tough it out seems unwise; even if I could tough it out, that’s 5 years of my life I’d never get back, so BigLaw definitely isn’t my goal. Harvard would, however, open up a lot of PI doors and give me flexibility in terms of what kind of jobs I could get. I’m just not really sure what it feels like to pay an arm and a leg every month for ten years and that worries me.
Cornell offers a decent shot at PI but less long-term career flexibility/mobility than Harvard (I think?), albeit for a much smaller price tag. While I’d still have a chunk of debt, I’m sure I could pay it off in well under 10 years even in a PI job. I’ve not negotiated with Cornell yet, so they may be willing to offer me a bit more money. My only concern with Cornell is the long-run advantage a Harvard degree might offer in Fed PI/Academia.
If I went to Texas, however, I’d probably have a decent shot at being part of the 25-30% who get BigLaw and I’d be able do that for a year and build up a strong safety net which would in turn give me flexibility to pursue whatever type of Texas PI I wanted and likely live pretty comfortably due to the lack of debt. Not sure I want to spend the rest of my life in Texas though, and I’ve heard UT placement outside of TX isn’t exactly stellar.
Any and all advice would be greatly appreciated.
Harvard - $150k or $200k/10 years (Won’t have an aid offer until the deadline which is why I’m going ahead and posting, but I’m anticipating it will be near max; parents are at retirement age and lower middle class)
Cornell - $65k or $91k/10 years
University of Texas - $30k or $41k/10 years
How you will be financing your COA, i.e. loans, family, or savings
Loans
Where you are from and where you want to work, and other places where you have significant ties (if any)
Minor ties to the South. No strong geographic preference.
Your general career goals
PI (BigLaw short-term only if absolutely necessary to help make a dent in the debt)
Your LSAT/GPA numbers
172/4.1
How many times you have taken the LSAT
Once (studied for months while working and 172 is right where my PTs suggested I would score, so a retake is unlikely to change my score much)
Additional
I know Harvard for that price is supposed to be a good deal, but I’m extremely debt averse and have never actually had to take out a loan (I tend to live below my means) so the prospect of $150,000 plus interest is a bit terrifying. While I could pay it off in 4 or 5 years of BigLaw, I know the burnout rate there is pretty high so gambling on my ability to tough it out seems unwise; even if I could tough it out, that’s 5 years of my life I’d never get back, so BigLaw definitely isn’t my goal. Harvard would, however, open up a lot of PI doors and give me flexibility in terms of what kind of jobs I could get. I’m just not really sure what it feels like to pay an arm and a leg every month for ten years and that worries me.
Cornell offers a decent shot at PI but less long-term career flexibility/mobility than Harvard (I think?), albeit for a much smaller price tag. While I’d still have a chunk of debt, I’m sure I could pay it off in well under 10 years even in a PI job. I’ve not negotiated with Cornell yet, so they may be willing to offer me a bit more money. My only concern with Cornell is the long-run advantage a Harvard degree might offer in Fed PI/Academia.
If I went to Texas, however, I’d probably have a decent shot at being part of the 25-30% who get BigLaw and I’d be able do that for a year and build up a strong safety net which would in turn give me flexibility to pursue whatever type of Texas PI I wanted and likely live pretty comfortably due to the lack of debt. Not sure I want to spend the rest of my life in Texas though, and I’ve heard UT placement outside of TX isn’t exactly stellar.
Any and all advice would be greatly appreciated.