Cheap law schools? Or: applying to a T3 for a full ride?
Posted: Fri Dec 17, 2010 5:27 am
tl;dr: I'm interested in applying to cheap law schools or law schools which award me a lot of money because my undergrad debt is already high and I mostly want a legal education and legal experience working for a corporation which could aid in paying off my student loans in the process--I do not necessarily want a permanent, high-paying job that I could do for the rest of my life.
l;r: I posted a thread a while back about my financial situation, but it's been too long for anyone to remember.
Basically, I come from a slightly poor family and went to some private colleges during undergrad not knowing a lot about loans or finance so I, like a lot of students, will be graduating with a lot of debt. (probably around $80k-90k.) My majors (Philosophy/English), while I enjoy them a lot, were picked when I was a freshman who was dead-set on going to law school. I don't think I would especially enjoy grad school because I already feel quite burdened from my undergrad debt and grad school would not help me pay that off in the least.
Now, I don't view law schools as a means to a lot of money. In fact, I'm not even sure I want to do law forever. There are a few things I want to get out of law however:
1. A legal education. I want to know how a corporate lawyer thinks. This, to me, is more valuable than an MBA -- I usually play at the edges of whatever rules I'm made to follow, so if I can know what rules businesses are playing by I feel like I'm in good shape to start my own.
2. Experience applying knowledge from (1).
3. A decent job which can help pay off my loans.
I feel like I can achieve both 1 and 2 by going to a law school that is fairly under what I am capable of getting accepted to. (stats: don't know for sure, but based on my LSAT practice tests and GPA, it will probably be somewhere in the range of GPA: 3.4ish (maybe a bit under) and LSAT: somewhere between 171 and 165.)
The idea of applying to a T3 law school in TX, where I live, and receiving enough award money to only have to pay for a year of law school is quite attractive to me. If I did that I could graduate law school with about $120k in debt, which while still enormous is not uncommon for lawyers. I'm aware that while these schools don't have much pull outside of TX, they can make pretty good (by non-lawyer standards) money ($80k starting, iirc) in their region which, combined with the cheap cost of living, would be a good path to paying off these loans.
Does this seem like an okay plan to anyone else? Am I crazy? I'm aware this is top-law-schools but it is also quite-a-helpful-site-nonetheless and the idea of taking on $200k from going to a top 30 school when I'm pretty sure I won't want to be a lawyer past my mid-30s is, admittedly, a little scary.
l;r: I posted a thread a while back about my financial situation, but it's been too long for anyone to remember.
Basically, I come from a slightly poor family and went to some private colleges during undergrad not knowing a lot about loans or finance so I, like a lot of students, will be graduating with a lot of debt. (probably around $80k-90k.) My majors (Philosophy/English), while I enjoy them a lot, were picked when I was a freshman who was dead-set on going to law school. I don't think I would especially enjoy grad school because I already feel quite burdened from my undergrad debt and grad school would not help me pay that off in the least.
Now, I don't view law schools as a means to a lot of money. In fact, I'm not even sure I want to do law forever. There are a few things I want to get out of law however:
1. A legal education. I want to know how a corporate lawyer thinks. This, to me, is more valuable than an MBA -- I usually play at the edges of whatever rules I'm made to follow, so if I can know what rules businesses are playing by I feel like I'm in good shape to start my own.
2. Experience applying knowledge from (1).
3. A decent job which can help pay off my loans.
I feel like I can achieve both 1 and 2 by going to a law school that is fairly under what I am capable of getting accepted to. (stats: don't know for sure, but based on my LSAT practice tests and GPA, it will probably be somewhere in the range of GPA: 3.4ish (maybe a bit under) and LSAT: somewhere between 171 and 165.)
The idea of applying to a T3 law school in TX, where I live, and receiving enough award money to only have to pay for a year of law school is quite attractive to me. If I did that I could graduate law school with about $120k in debt, which while still enormous is not uncommon for lawyers. I'm aware that while these schools don't have much pull outside of TX, they can make pretty good (by non-lawyer standards) money ($80k starting, iirc) in their region which, combined with the cheap cost of living, would be a good path to paying off these loans.
Does this seem like an okay plan to anyone else? Am I crazy? I'm aware this is top-law-schools but it is also quite-a-helpful-site-nonetheless and the idea of taking on $200k from going to a top 30 school when I'm pretty sure I won't want to be a lawyer past my mid-30s is, admittedly, a little scary.