Help me choose; BC worth it over Northeastern et al.?
Posted: Wed Mar 22, 2017 4:33 pm
-The schools you are considering
Boston College vs. Northeastern vs. (to a lesser extent) Wake Forest, Illinois, Minnesota
-The total Cost of Attendance (COA) of each. COA = cost of tuition + fees + books + cost of living (COL) + accumulated interest - scholarships. Here is a helpful calculator.
Boston College ($60,000 scholarship) - $157,662
Northeastern ($96,000 scholarship) - $112,224
U of I ($120,000 scholarship) - $82,573
Wake ($112,500 scholarship) - $92,007
Minnesota ($66,000 scholarship) - $146,635
BU (waitlisted currently)
-How you will be financing your COA, i.e. loans, family, or savings
Partially by loan (depending on interest rates), but the majority is going to come from a unexpected inheritance I received, ~$190,000. (Believe me, I'm not privileged, this only came following the death of my father).
Having said that, since I can pay a lot of my expenses out of pocket, I am fortunate to be able to reduce risk and minimize a situation where I ended up with “significantly life impacting debt.” However, seeing all that money disappear for my education is also tough, and there is a significant opportunity cost from taking away my ability to benefit from having that money invested. I am wondering if the difference between BC and NE in career outcomes, given my situation, justifies the price differential. I also have $60,000 in undergrad debt. So technically, that $190,000 would be a net $130,000.
-Where you are from and where you want to work, and other places where you have significant ties (if any)
From Rochester (Western), NY and I have always dreamed of living and working in Boston. That's the goal. I have ties to the Boston area as well. Theoretically I would consider going to school and working elsewhere if I would be idiotic for passing up the other offers from U of I, or Wake. I know I would in all likelihood not end up in Boston. Minnesota is pretty much out--doesn't seem worth it for the cost at all.
-Your general career goals
BigLaw would be the nice for a few years, I suppose, but I'm not a "BigLaw or Bust" type at all either. I feel like my decision is mostly coming down between BC and NE. I guess I want career freedom, but within the city of Boston. I don't mind Mid-Firm (70-80k salary). I honestly would love to do some kind of tort or product liability litigation. But again, I am not completely decided yet.
Since I am pretty sure I want to be in Boston, so just wondering if BC is worth the COA price tag I face. Northeastern is a little bit of a strange apple because of its no grades thing, but it’s a respected school in the area. I wouldn’t want to be earning $50,000 a year with a degree from there, but with a lessened debt burden, I also wouldn’t be pressurized to get a job earning $130,000++. I’ve looked and scowered and almost all the information that’s publicly available, and will chew on it some more. But I am just wondering if I could get some feedback from the community.
I'm 26 years old and will be 27 in October.
-Your LSAT/GPA numbers - 164 / 3.10
-How many times you have taken the LSAT - 3x
Boston College vs. Northeastern vs. (to a lesser extent) Wake Forest, Illinois, Minnesota
-The total Cost of Attendance (COA) of each. COA = cost of tuition + fees + books + cost of living (COL) + accumulated interest - scholarships. Here is a helpful calculator.
Boston College ($60,000 scholarship) - $157,662
Northeastern ($96,000 scholarship) - $112,224
U of I ($120,000 scholarship) - $82,573
Wake ($112,500 scholarship) - $92,007
Minnesota ($66,000 scholarship) - $146,635
BU (waitlisted currently)
-How you will be financing your COA, i.e. loans, family, or savings
Partially by loan (depending on interest rates), but the majority is going to come from a unexpected inheritance I received, ~$190,000. (Believe me, I'm not privileged, this only came following the death of my father).
Having said that, since I can pay a lot of my expenses out of pocket, I am fortunate to be able to reduce risk and minimize a situation where I ended up with “significantly life impacting debt.” However, seeing all that money disappear for my education is also tough, and there is a significant opportunity cost from taking away my ability to benefit from having that money invested. I am wondering if the difference between BC and NE in career outcomes, given my situation, justifies the price differential. I also have $60,000 in undergrad debt. So technically, that $190,000 would be a net $130,000.
-Where you are from and where you want to work, and other places where you have significant ties (if any)
From Rochester (Western), NY and I have always dreamed of living and working in Boston. That's the goal. I have ties to the Boston area as well. Theoretically I would consider going to school and working elsewhere if I would be idiotic for passing up the other offers from U of I, or Wake. I know I would in all likelihood not end up in Boston. Minnesota is pretty much out--doesn't seem worth it for the cost at all.
-Your general career goals
BigLaw would be the nice for a few years, I suppose, but I'm not a "BigLaw or Bust" type at all either. I feel like my decision is mostly coming down between BC and NE. I guess I want career freedom, but within the city of Boston. I don't mind Mid-Firm (70-80k salary). I honestly would love to do some kind of tort or product liability litigation. But again, I am not completely decided yet.
Since I am pretty sure I want to be in Boston, so just wondering if BC is worth the COA price tag I face. Northeastern is a little bit of a strange apple because of its no grades thing, but it’s a respected school in the area. I wouldn’t want to be earning $50,000 a year with a degree from there, but with a lessened debt burden, I also wouldn’t be pressurized to get a job earning $130,000++. I’ve looked and scowered and almost all the information that’s publicly available, and will chew on it some more. But I am just wondering if I could get some feedback from the community.
I'm 26 years old and will be 27 in October.
-Your LSAT/GPA numbers - 164 / 3.10
-How many times you have taken the LSAT - 3x