. Forum

[mukol]

.

[mukol]

.

[mornincounselor]

For what it's worth, that's the 75th percentile amount, so if it isn't worth it with 75, a lot of people are making a worse decision.

This is just not relevant. You are not giving us any LSAT or GPA information, so it's hard to evaluate. Here's the real costs though:

Three Year COA:$217,686?
Total Contribution:$75,000?
Debt at Repayment:$161,238?
Monthly Loan Payment:
10-year Plan
$1,823?
Monthly Loan Payment:
20-year Plan
$1,194?
Cumulative Payments:
10-year Plan
$218,803
Cumulative Payments:
20-year Plan
$286,445

And the job outcomes: http://www.lstscorereports.com/schools/bc/trends/2014/

[gsy987]

For what it's worth, that's the 75th percentile amount, so if it isn't worth it with 75, a lot of people are making a worse decision.

This is just not relevant. You are not giving us any LSAT or GPA information, so it's hard to evaluate. Here's the real costs though:

Three Year COA:$217,686?
Total Contribution:$75,000?
Debt at Repayment:$161,238?
Monthly Loan Payment:
10-year Plan
$1,823?
Monthly Loan Payment:
20-year Plan
$1,194?
Cumulative Payments:
10-year Plan
$218,803
Cumulative Payments:
20-year Plan
$286,445

And the job outcomes: http://www.lstscorereports.com/schools/bc/trends/2014/

Totally agree with this sentiment. The odds are pretty high that this is a poor decision and the classic TLS advice of "RETAKE RETAKE RETAKE" is applicable... but you'd need to give more info before people can 100% say that.

[mukol]

.

[lawsohard93]

Will be attending BC this Fall with a similar amount of money. Is it the best option for law school? No. Is the debt going to be high? Yes. Why then, am I choosing to go? Because I want to live and work in Boston. The nature of that legal market is very much based on ties to Boston. If you have previous ties such as grew up there or something, you would probably have an easier time going to a school outside of Boston (not ANY school, obviously) and coming back. If you don't have prior ties, then going to school in Boston would be your best bet. In my case, I don't have prior ties to Boston and as such, will be attending BC. It's a regional school that does have decent placement in Boston but I don't see a reason to go there other than if you want to live and work in Boston. And being that BC is not very generous with scholarship money, paying off those loans will be a hassle unless you get a biglaw gig. So really, do you WANT to work as an attorney in Boston is the question you need to ask yourself.

[Nekrowizard]

Whatever. If you want to go, go. Life is meaningless anyways. We are slowly devoured by an indifferent universe. What's a $150K here or there?

[asdfdfdfadfas]

# of Grads % of Class 25th Perc 50th Perct 75th Percent Mean
Employed - Salary Reported 203 74.4% $55,000 $75,000 $160,000 $96,933
Employed - No Salary Reported 43 15.8%
Non-Employed 27 9.9%
273 100%

Make the top half of your class and you'll be ok just have a hefty payment sitting over your head for 10 years which basically amounts to a mortgage. Be at the bottom part of your class and enjoy your life of misery.

[Dr. Nefario]

Whatever. If you want to go, go. Life is meaningless anyways. We are slowly devoured by an indifferent universe. What's a $150K here or there?

GOAT advice.

[mukol]

.

[californiauser]

Don't pay 6 figures for a non-t14

[mogwli]

Wouldn't do BC with total debt hovering around 125-150k. If it was 90-100k TOTAL and set on living in Boston, maybe given their improving biglaw + fed clerk rates. That extra 25-50k though sucks and probably would lean me in favor of a no.

[asdfdfdfadfas]

# of Grads % of Class 25th Perc 50th Perct 75th Percent Mean
Employed - Salary Reported 203 74.4% $55,000 $75,000 $160,000 $96,933
Employed - No Salary Reported 43 15.8%
Non-Employed 27 9.9%
273 100%

Make the top half of your class and you'll be ok just have a hefty payment sitting over your head for 10 years which basically amounts to a mortgage. Be at the bottom part of your class and enjoy your life of misery.

Yeah, basically. Even at the median it looks rough to me.

Well let me tell you something. For those bottom halfers no one is going to feel sorry for you when you walk away from a 3 year vacation from working and can't find a job. As the interest begins to accumulate and you start to really feel what that feels like, you will probably come to the blunt realization that you have been fooled. You enriched the lives of "educators" who got theirs and you walked away with what amounted to be a mortgage to learn material you could have googled, to play puzzle games that don't need to be played, and to earn a piece of paper that says I R smart. You will have trapped yourself because you were over confident in feeling that your grades are in your control right, you are smarter than the average dumby applying to law school right?

But yeah, it's totally worth it for a 20% shot ( by the way I'd bet about 5-10% of those have connections) at biglaw- a job most people on here who have done hate and a job where you are expected to work 20 hour days and be on call 24/7 without any regard to your family.

Welcome to indentured servitude my friend and a life of misery and regret.

[mukol]

.

[asdfdfdfadfas]

#Savage, but #real too.

What I wrote might be savage, but it is absolutely no joke. People kill themselves because they put themselves in this type of miserable situation. Your best outcome, which you have about a 15% shot at, is Biglaw and 150k in debt.

[mogwli]

#Savage, but #real too.

What I wrote might be savage, but it is absolutely no joke. People kill themselves because they put themselves in this type of miserable situation. Your best outcome, which you have about a 15% shot at, is Biglaw and 150k in debt.

Not that I disagree with the heart of what you are saying, but BC's biglaw + fed clerkship rate was actually like 41% this year, so little better odds than 15%. 150k debt is too much though for that shot.

[asdfdfdfadfas]

#Savage, but #real too.

What I wrote might be savage, but it is absolutely no joke. People kill themselves because they put themselves in this type of miserable situation. Your best outcome, which you have about a 15% shot at, is Biglaw and 150k in debt.

Not that I disagree with the heart of what you are saying, but BC's biglaw + fed clerkship rate was actually like 41% this year, so little better odds than 15%. 150k debt is too much though for that shot.

41% of the 74% reported, right? Plus the estimate that some of those people obviously have connections. That is how I came up with the 15%.

[mogwli]

41% of the 74% reported, right? Plus the estimate that some of those people obviously have connections. That is how I came up with the 15%.

41% of the entire graduating class, not just those reporting (102/247). ABA does a somewhat decent job. http://www.bc.edu/content/dam/files/sch ... _bclaw.pdf

I don't think connections don't play a big a role in hiring as you think, at least in biglaw trends. Grades + school are much more important. I've known numerous people who had partners put in good words for them but still not get hired. Sure sometimes it happens, but not really enough to substantially affect numbers.

[BigZuck]

I go to a school with similar big law numbers, I'd say that for a schmo that doesn't have anything special working for them (diversity, connections, physical attractiveness) you've probably got roughly a 1/3 chance to snag big law. There's nothing scientific about that at all, just thinking of where grade cutoffs seemed to be for big firms and generally who was getting hired at those firms from what I saw. Maybe it's better than that, I dunno. I don't really think it's worse than that.

Yeah anyway I wouldn't do BC for any more than like 80-100K debt.

[asdfdfdfadfas]

41% of the 74% reported, right? Plus the estimate that some of those people obviously have connections. That is how I came up with the 15%.

41% of the entire graduating class, not just those reporting (102/247). ABA does a somewhat decent job. http://www.bc.edu/content/dam/files/sch ... _bclaw.pdf

I don't think connections don't play a big a role in hiring as you think, at least in biglaw trends. Grades + school are much more important. I've known numerous people who had partners put in good words for them but still not get hired. Sure sometimes it happens, but not really enough to substantially affect numbers.

We were talking apples vs oranges. I wasn't including fedclerkships as the best possible outcome. I was just looking at Biglaw.

[gsy987]

41% of the 74% reported, right? Plus the estimate that some of those people obviously have connections. That is how I came up with the 15%.

41% of the entire graduating class, not just those reporting (102/247). ABA does a somewhat decent job. http://www.bc.edu/content/dam/files/sch ... _bclaw.pdf

I don't think connections don't play a big a role in hiring as you think, at least in biglaw trends. Grades + school are much more important. I've known numerous people who had partners put in good words for them but still not get hired. Sure sometimes it happens, but not really enough to substantially affect numbers.

We were talking apples vs oranges. I wasn't including fedclerkships as the best possible outcome. I was just looking at Biglaw.

The tone of this has gotten silly, ridiculous and unhelpful. Yes it's probably a bad decision...but look, 191/247 (77%) of reported job outcomes at BC had jobs that required a JD. Yes, a lot of those are small & medium firms.. but the average small size firm job is somewhere around 70k a year and medium sizes is typically around 100k (source: http://www.nalp.org/associate_salaries_2014)

That's not ideal (or ever something I'd recommend)...but it's not like OP would be absolutely devastated by that.

[BigZuck]

The tone of this has gotten silly, ridiculous and unhelpful. Yes it's probably a bad decision...but look, 191/247 (77%) of reported job outcomes at BC had jobs that required a JD. Yes, a lot of those are small & medium firms.. but the average small size firm job is somewhere around 70k a year and medium sizes is typically around 100k (source: http://www.nalp.org/associate_salaries_2014)

That's not ideal (or ever something I'd recommend)...but it's not like OP would be absolutely devastated by that.

It's totally possible that I'm misreading that and I just kind of skimmed it but the sample size there looks hilariously small to me, especially when it comes to small and midsize firms

[asdfdfdfadfas]

41% of the 74% reported, right? Plus the estimate that some of those people obviously have connections. That is how I came up with the 15%.

41% of the entire graduating class, not just those reporting (102/247). ABA does a somewhat decent job. http://www.bc.edu/content/dam/files/sch ... _bclaw.pdf

I don't think connections don't play a big a role in hiring as you think, at least in biglaw trends. Grades + school are much more important. I've known numerous people who had partners put in good words for them but still not get hired. Sure sometimes it happens, but not really enough to substantially affect numbers.

We were talking apples vs oranges. I wasn't including fedclerkships as the best possible outcome. I was just looking at Biglaw.

The tone of this has gotten silly, ridiculous and unhelpful. Yes it's probably a bad decision...but look, 191/247 (77%) of reported job outcomes at BC had jobs that required a JD. Yes, a lot of those are small & medium firms.. but the average small size firm job is somewhere around 70k a year and medium sizes is typically around 100k (source: http://www.nalp.org/associate_salaries_2014)

That's not ideal (or ever something I'd recommend)...but it's not like OP would be absolutely devastated by that.

I agree. Just borrow the money and cross your fingers. Just remember, if it doesn't work out you have no one to blame but yourself.

[mukol]

.

[asdfdfdfadfas]

This has all been more helpful than #retake to be honest.

Yeah, to be 100% honest it really comes down to you and your risk tolerance. Worst case scenario, if you absolutely want to go here, you go, and you end up graduating in the lower 50% of your class you could very well be stuck in doc review with that much debt sitting over your head making 40k. That is a legitimate possibility.

I decided for me personally, someone with numbers relatively similar to you, that I don't think I would be able to forgive myself if that happened to me because at the end of the day that was my choice. You are kind of allowed in your 20s to make mistakes, I just never wanted to put myself in a position I couldn't get out of where I was stuck.

I also think, if interest rates start to tick up in the US and credit contracts, those historical employment numbers you are looking at could be as good as it gets. I am in the camp where I think they are just going to print anyways but again you are stuck if they don't and they start to normalize policy. So in my opinion, it is best to avoid it and keep toughing it out.


Best of luck.