I am looking for honest feedback here, so please be as brutal as you feel you need to be.
I took the LSAT last year and got a 176 with a 3.75 GPA after having been out of undergrad for 5 years to start my own company. I've so far not bitten the bullet and applied to law school because I am afraid that my grades will not qualify me for the types of scholarships I feel I would need in order to outweigh the costs of attendance. In a perfect world I would get a full ride but that's not happening
For the record, I am looking at attending NYU, Columbia or Cornell but am okay with blanketing all the T-14s with applications. My goal would be to end up in a big firm, but I'm still not sure that even an associate salary would make up for the scholarship deficit I would need to cover in loans. I see the costs of attendance for some of these schools and I'm just like, "Holy shit!"
And so I come to you: knowing what you know now and gauging the market (there is NEVER any guarantee for a job), what would you say to someone who is looking at applying to the T-14s and hopefully making it into NYC BigLaw? I would ideally like to graduate with < 90k in loans, but it's probably impossible. I don't want to be saddled down with an extra 100k to pay back while simultaneously living in a high CoL area, so I am trying to be smart about this. I realize my GPA and LSAT are high-ish but there are so many applicants like me, and so many of them who are better. Arrogance is totally not my game.
It feels like I should just give up and focus my efforts on growing my business instead, but I know that if I didn't give it the best shot I could to get into law school I would regret it forever. So what say you? Are loans really that much of a problem? Do you regret going to law school? Should I put off applying for a few years, save up and then apply knowing that I can pay down a chunk of my loans while I'm in school? Thanks!
