Selling house to pay for law school?
Posted: Wed Jan 29, 2020 11:44 am
Hi all. First post here.
I've basically heard back from all of the schools I applied to and now I am just waiting to hear on financial aid.
My parents own two houses, one of which is in the suburbs of a very high COL metro (think LA/Boston/NYC) -- they are planning on selling the house in the higher COL area. They have very generously offered to use all or part of the profit of the sale to help pay for the tuition of my law school. I have an outside grant which will cover cost of living, so my only concern is tuition. They will be selling the house regardless, the only question is whether they pocket the profit or help with my tuition.
I also have some pretty large scholarships to top 20/25 schools, including a full ride+ to WashU. As for T-13 schools, I've been admitted to Penn, UVA, Duke, Northwestern, Cornell, and Michigan. My parents would really love to see me attend UVA but I don't anticipate receiving much aid there. (4.0/169)
I am not interested in biglaw, although I understand that biglaw provides ample training to transition into PI and other careers. Ideally, I'd like to work in PI -- either nonprofit or government work. My unicorn-y ambition is to work for the federal government, but I am happy working at the state or local level as well. Essentially, low paying careers.
I do not want to have my parents blow 180k on a law school if I am able to secure the sort of job I want from a school where they wouldn't have to spend a dime. But I am also aware of the sorts of opportunities that are available at a place like UVA which aren't as abundant at a school like WashU or Fordham. UVA allows flexibility for me to change my mind. But, I just really, really don't want to make my parents spend that much money either. I chose to go to my undergrad on a full ride precisely because I didn't want to see my parents spend so much money. My parents aren't wealthy by any means, both retired union blue collar workers lucky to have bought a house 35+ years ago in an area that is now incredibly expensive.
Is UVA worth it? Should I stick to WashU?
I've basically heard back from all of the schools I applied to and now I am just waiting to hear on financial aid.
My parents own two houses, one of which is in the suburbs of a very high COL metro (think LA/Boston/NYC) -- they are planning on selling the house in the higher COL area. They have very generously offered to use all or part of the profit of the sale to help pay for the tuition of my law school. I have an outside grant which will cover cost of living, so my only concern is tuition. They will be selling the house regardless, the only question is whether they pocket the profit or help with my tuition.
I also have some pretty large scholarships to top 20/25 schools, including a full ride+ to WashU. As for T-13 schools, I've been admitted to Penn, UVA, Duke, Northwestern, Cornell, and Michigan. My parents would really love to see me attend UVA but I don't anticipate receiving much aid there. (4.0/169)
I am not interested in biglaw, although I understand that biglaw provides ample training to transition into PI and other careers. Ideally, I'd like to work in PI -- either nonprofit or government work. My unicorn-y ambition is to work for the federal government, but I am happy working at the state or local level as well. Essentially, low paying careers.
I do not want to have my parents blow 180k on a law school if I am able to secure the sort of job I want from a school where they wouldn't have to spend a dime. But I am also aware of the sorts of opportunities that are available at a place like UVA which aren't as abundant at a school like WashU or Fordham. UVA allows flexibility for me to change my mind. But, I just really, really don't want to make my parents spend that much money either. I chose to go to my undergrad on a full ride precisely because I didn't want to see my parents spend so much money. My parents aren't wealthy by any means, both retired union blue collar workers lucky to have bought a house 35+ years ago in an area that is now incredibly expensive.
Is UVA worth it? Should I stick to WashU?