T30 + full ride, transfer to Michigan?
Posted: Mon Jul 10, 2017 5:52 pm
deleted
Thanks everyone for input!
Thanks everyone for input!
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How are you going to pay for tuition?Anonymous User wrote:OP here. Thanks for everyone's input. I am actually not from here so I can't take any loan. So the difference of the cost would be just the tuition--I have to spend my next two years somewhere...
My family pays for it...lavarman84 wrote:How are you going to pay for tuition?Anonymous User wrote:OP here. Thanks for everyone's input. I am actually not from here so I can't take any loan. So the difference of the cost would be just the tuition--I have to spend my next two years somewhere...
If your family is rich and is fine with paying for the difference, do whatever you'd like. Are you trying to stay in the U.S. afterwards (and not a citizen)?Anonymous User wrote:My family pays for it...lavarman84 wrote:How are you going to pay for tuition?Anonymous User wrote:OP here. Thanks for everyone's input. I am actually not from here so I can't take any loan. So the difference of the cost would be just the tuition--I have to spend my next two years somewhere...
Not rich but can pay without suffering. My goal is biglaws at NY right after graduation and I will try my reasonable best to stay.lavarman84 wrote:If your family is rich and is fine with paying for the difference, do whatever you'd like. Are you trying to stay in the U.S. afterwards (and not a citizen)?Anonymous User wrote:My family pays for it...lavarman84 wrote:How are you going to pay for tuition?Anonymous User wrote:OP here. Thanks for everyone's input. I am actually not from here so I can't take any loan. So the difference of the cost would be just the tuition--I have to spend my next two years somewhere...
Because a full ride doesn't matter if you strike out and your chances of striking out are higher at your current school. "You will likely do fine now too" isn't helpful -- a market-paying gig is by no means guaranteed with that school and grade combination. A lot depends on how many firm come to your OCI and how many alums from your school are in your target market, but no matter where you are, UM OCI will have a ton more firms coming than your current school. Also, a T14 name is like strikeout insurance -- as I said, even the UM transfers I know who struck out almost all ultimately landed on their feet at a market-paying firm, either through 3L OCI or starting at a lesser-known firm and lateralling up.Shootin wrote:Why give up full ride again? COA would be like 75k/year, right? Thats 150k right there. Plus interest. Plus you gotta pay that AFTER taxes, so you really need to make like 300k to pay it back. You can get a great job now too, albeit maybe with a bit more effort. If thats worth 300k for you, go for it.
Nobody says you won't do well if you transfer, so the anecdote of the poster above isn't helpful. But you will likely do fine now too, and thats without having to make 300k to pay your loans.
eastcoast_iub wrote:Because a full ride doesn't matter if you strike out and your chances of striking out are higher at your current school. "You will likely do fine now too" isn't helpful -- a market-paying gig is by no means guaranteed with that school and grade combination. A lot depends on how many firms come to your OCI and how many alums from your school are in your target market, but no matter where you are, UM OCI will have a ton more firms coming than your current school. Also, a T14 name is like strikeout insurance -- as I said, even the UM transfers I know who struck out almost all ultimately landed on their feet at a market-paying firm, either through 3L OCI or starting at a lesser-known firm and lateralling up.Shootin wrote:Why give up full ride again? COA would be like 75k/year, right? Thats 150k right there. Plus interest. Plus you gotta pay that AFTER taxes, so you really need to make like 300k to pay it back. You can get a great job now too, albeit maybe with a bit more effort. If thats worth 300k for you, go for it.
Nobody says you won't do well if you transfer, so the anecdote of the poster above isn't helpful. But you will likely do fine now too, and thats without having to make 300k to pay your loans.
Numbers above are misleading as well -- you're still responsible for your living expenses at your current school, so it's not like you have nothing coming out-of-pocket right now. UM is also like the lowest cost-of-living location of all the T14s.
It's not a clear-cut decision to transfer, but you need to think about the whole picture instead of focusing on debt that can be paid off pretty quickly if you land at a big firm. I took on $125k in debt for transferring and had it paid off within 2 1/2 years.
Because a full ride doesn't matter if you strike out and your chances of striking out are higher at your current school. "You will likely do fine now too" isn't helpful -- a market-paying gig is by no means guaranteed with that school and grade combination. A lot depends on how many firms come to your OCI and how many alums from your school are in your target market, but no matter where you are, UM OCI will have a ton more firms coming than your current school. Also, a T14 name is like strikeout insurance -- as I said, even the UM transfers I know who struck out almost all ultimately landed on their feet at a market-paying firm, either through 3L OCI or starting at a lesser-known firm and lateralling up.eastcoast_iub wrote:eastcoast_iub wrote:Shootin wrote:Why give up full ride again? COA would be like 75k/year, right? Thats 150k right there. Plus interest. Plus you gotta pay that AFTER taxes, so you really need to make like 300k to pay it back. You can get a great job now too, albeit maybe with a bit more effort. If thats worth 300k for you, go for it.
Nobody says you won't do well if you transfer, so the anecdote of the poster above isn't helpful. But you will likely do fine now too, and thats without having to make 300k to pay your loans.
eastcoast_iub wrote:Because a full ride doesn't matter if she strikes out and her chances of striking out are higher at your current school. "You will likely do fine now too" isn't helpful -- a market-paying gig is by no means guaranteed with that school and grade combination. A lot depends on how many firms come to your OCI and how many alums from your school are in your target market, but no matter where you are, UM OCI will have a ton more firms coming than your current school. Also, a T14 name is like strikeout insurance -- as I said, even the UM transfers I know who struck out almost all ultimately landed on their feet at a market-paying firm, either through 3L OCI or starting at a lesser-known firm and lateralling up.eastcoast_iub wrote:eastcoast_iub wrote:Shootin wrote:Why give up full ride again? COA would be like 75k/year, right? Thats 150k right there. Plus interest. Plus you gotta pay that AFTER taxes, so you really need to make like 300k to pay it back. You can get a great job now too, albeit maybe with a bit more effort. If thats worth 300k for you, go for it.
Nobody says you won't do well if you transfer, so the anecdote of the poster above isn't helpful. But you will likely do fine now too, and thats without having to make 300k to pay your loans.
Numbers above are misleading as well -- you're still responsible for your living expenses at your current school, so it's not like you have nothing coming out-of-pocket right now. UM is also like the lowest cost-of-living location of all the T14s.
It's not a clear-cut decision to transfer, but you need to think about the whole picture instead of focusing on debt that can be paid off pretty quickly if you land at a big firm. I took on $125k in debt for transferring and had it paid off within 2 1/2 years.
Because a full ride doesn't matter if she strikes out and her chances of striking out are higher at her current school. "You will likely do fine now too" isn't helpful -- a market-paying gig is by no means guaranteed with that school and grade combination. A lot depends on how many firms come to her OCI and how many alums from her school are in your target market, but no matter where she is, UM OCI will have a ton more firms coming than your current school. Also, a T14 name is like strikeout/no-offer insurance -- as I said, a strong majority of the UM transfers I know who struck out or were no-offered ultimately landed on their feet at a market-paying firm, either through 3L OCI or starting at a lesser-known firm and lateralling up.eastcoast_iub wrote:eastcoast_iub wrote:eastcoast_iub wrote:eastcoast_iub wrote:Shootin wrote:Why give up full ride again? COA would be like 75k/year, right? Thats 150k right there. Plus interest. Plus you gotta pay that AFTER taxes, so you really need to make like 300k to pay it back. You can get a great job now too, albeit maybe with a bit more effort. If thats worth 300k for you, go for it.
Nobody says you won't do well if you transfer, so the anecdote of the poster above isn't helpful. But you will likely do fine now too, and thats without having to make 300k to pay your loans.
eastcoast_iub wrote:Because a full ride doesn't matter if she strikes out and her chances of striking out are higher at her current school. "You will likely do fine now too" isn't helpful -- a market-paying gig is by no means guaranteed with that school and grade combination. A lot depends on how many firms come to her OCI and how many alums from her school are in your target market, but no matter where she is, UM OCI will have a ton more firms coming than your current school. Also, a T14 name is like strikeout/no-offer insurance -- as I said, a strong majority of the UM transfers I know who struck out or were no-offered ultimately landed on their feet at a market-paying firm, either through 3L OCI or starting at a lesser-known firm and lateralling up.eastcoast_iub wrote:eastcoast_iub wrote:eastcoast_iub wrote:eastcoast_iub wrote:Shootin wrote:Why give up full ride again? COA would be like 75k/year, right? Thats 150k right there. Plus interest. Plus you gotta pay that AFTER taxes, so you really need to make like 300k to pay it back. You can get a great job now too, albeit maybe with a bit more effort. If thats worth 300k for you, go for it.
Nobody says you won't do well if you transfer, so the anecdote of the poster above isn't helpful. But you will likely do fine now too, and thats without having to make 300k to pay your loans.
Numbers above are misleading as well -- she's still responsible for your living expenses at your current school, so it's not like she has nothing coming out-of-pocket right now. UM is also like the lowest cost-of-living location of all the T14s.
It's not a clear-cut decision to transfer, but she needs to think about the whole picture instead of focusing on debt that can be paid off pretty quickly if she lands at a big firm. I took on $125k in debt for transferring and had it paid off within 2 1/2 years.