Columbia students taking questions Forum

[minkbrigade]

What a Columbia student interested in PI who pays sticker? Is LRAP that generous?

It would cover the debt, yes, but likely not the best financial decision

Also depends on how much money you're making.
LRAP is complicated and a one sentence answer on it is impossible.

Would love to see folks elaborate on this. Do you mean it's a bad financial decision in the sense that relying on an LRAP an any school to service six-figure debt is, in general, not a great financial decision? Or are you speaking specifically about Columbia?

For what it's worth, I have some decent scholarships at lower T-14s (between $100,000 and $150,000) but will still likely need to rely on LRAPs to service my debt no matter what...in which case Columbia, even if it is a bit more expensive initially, seems like a better deal because of the strength of their LRAP. (I haven't gotten my award yet, but am hoping it's not sticker...)

[Nebby]

What a Columbia student interested in PI who pays sticker? Is LRAP that generous?

It would cover the debt, yes, but likely not the best financial decision

Also depends on how much money you're making.
LRAP is complicated and a one sentence answer on it is impossible.

Would love to see folks elaborate on this. Do you mean it's a bad financial decision in the sense that relying on an LRAP an any school to service six-figure debt is, in general, not a great financial decision? Or are you speaking specifically about Columbia?

For what it's worth, I have some decent scholarships at lower T-14s (between $100,000 and $150,000) but will still likely need to rely on LRAPs to service my debt no matter what...in which case Columbia, even if it is a bit more expensive initially, seems like a better deal because of the strength of their LRAP. (I haven't gotten my award yet, but am hoping it's not sticker...)

I was speaking generally, not specifically about CLS. 0Ls betting the farm on PI is generally not the best decision. I take with a large grain of salt any 0L who wants to pursue PI, since most of them don't and then they're stuck in biglaw with $300k in debt rather than $100k.

[minkbrigade]

I was speaking generally, not specifically about CLS. 0Ls betting the farm on PI is generally not the best decision. I take with a large grain of salt any 0L who wants to pursue PI, since most of them don't and then they're stuck in biglaw with $300k in debt rather than $100k.

Oh, duh, of course. Thanks for clarifying! I'm so far down the LRAP program description rabbit hole that I thought you were talking about an aspect of the programs and not the drift to biglaw.

[jbagelboy]

Also, Nebbs will know more about this, but I question the reliability and survival of loan forgiveness programs as a general matter... https://www.nytimes.com/2017/03/30/busi ... .html?_r=0

[minkbrigade]

Also, Nebbs will know more about this, but I question the reliability and survival of loan forgiveness programs as a general matter... https://www.nytimes.com/2017/03/30/busi ... .html?_r=0

Do you think this has implications for Columbia's non-integrated plan? I also have zero faith in PSLF, which is a large part of why Columbia is so appealing right now.

[jbagelboy]

Also, Nebbs will know more about this, but I question the reliability and survival of loan forgiveness programs as a general matter... https://www.nytimes.com/2017/03/30/busi ... .html?_r=0

Do you think this has implications for Columbia's non-integrated plan? I also have zero faith in PSLF, which is a large part of why Columbia is so appealing right now.

eh. nah. Columbia's LRAP will be fine.

[GreenEggs]

What a Columbia student interested in PI who pays sticker? Is LRAP that generous?

It would cover the debt, yes, but likely not the best financial decision

Also depends on how much money you're making.
LRAP is complicated and a one sentence answer on it is impossible.

Would love to see folks elaborate on this. Do you mean it's a bad financial decision in the sense that relying on an LRAP an any school to service six-figure debt is, in general, not a great financial decision? Or are you speaking specifically about Columbia?

For what it's worth, I have some decent scholarships at lower T-14s (between $100,000 and $150,000) but will still likely need to rely on LRAPs to service my debt no matter what...in which case Columbia, even if it is a bit more expensive initially, seems like a better deal because of the strength of their LRAP. (I haven't gotten my award yet, but am hoping it's not sticker...)

I was speaking generally, not specifically about CLS. 0Ls betting the farm on PI is generally not the best decision. I take with a large grain of salt any 0L who wants to pursue PI, since most of them don't and then they're stuck in biglaw with $300k in debt rather than $100k.

+1 with Nebby. More than half the class comes in saying they won't do EIP and they're pursuing "PI," but almost all of them end up going to firms. If you go in banking on LRAP but end up going to a firm, then you're stuck with that 300k debt. Otherwise, LRAP is a pretty solid program to rely upon. That being said, this only applies to non-integrated LRAP programs. I would definitely not risk it if you're considering an LRAP program that is somehow tied to PSLF.

[minkbrigade]

What a Columbia student interested in PI who pays sticker? Is LRAP that generous?

It would cover the debt, yes, but likely not the best financial decision

Also depends on how much money you're making.
LRAP is complicated and a one sentence answer on it is impossible.

Would love to see folks elaborate on this. Do you mean it's a bad financial decision in the sense that relying on an LRAP an any school to service six-figure debt is, in general, not a great financial decision? Or are you speaking specifically about Columbia?

For what it's worth, I have some decent scholarships at lower T-14s (between $100,000 and $150,000) but will still likely need to rely on LRAPs to service my debt no matter what...in which case Columbia, even if it is a bit more expensive initially, seems like a better deal because of the strength of their LRAP. (I haven't gotten my award yet, but am hoping it's not sticker...)

I was speaking generally, not specifically about CLS. 0Ls betting the farm on PI is generally not the best decision. I take with a large grain of salt any 0L who wants to pursue PI, since most of them don't and then they're stuck in biglaw with $300k in debt rather than $100k.

+1 with Nebby. More than half the class comes in saying they won't do EIP and they're pursuing "PI," but almost all of them end up going to firms. If you go in banking on LRAP but end up going to a firm, then you're stuck with that 300k debt. Otherwise, LRAP is a pretty solid program to rely upon. That being said, this only applies to non-integrated LRAP programs. I would definitely not risk it if you're considering an LRAP program that is somehow tied to PSLF.

Thanks, all! I appreciate the insight.

[RSN]

2016 EIP results are up: https://www.law.columbia.edu/career-ser ... ograms/eip (under Employers at EIP)

[Nebby]

2016 EIP results are up: https://www.law.columbia.edu/career-ser ... ograms/eip (under Employers at EIP)

Looks like alumni can't view it

[kingpin101]

2016 EIP results are up: https://www.law.columbia.edu/career-ser ... ograms/eip (under Employers at EIP)

Now that I've actually done EIP, I'm realizing how incomplete these results are.

[texcellence]

2016 EIP results are up: https://www.law.columbia.edu/career-ser ... ograms/eip (under Employers at EIP)

Now that I've actually done EIP, I'm realizing how incomplete these results are.

what do you mean (admitted students can't view this page)?

[kingpin101]

2016 EIP results are up: https://www.law.columbia.edu/career-ser ... ograms/eip (under Employers at EIP)

Now that I've actually done EIP, I'm realizing how incomplete these results are.

what do you mean (admitted students can't view this page)?

Some of the CB's I was offered but declined aren't recorded at all (no one asked me?).

[RSN]

2016 EIP results are up: https://www.law.columbia.edu/career-ser ... ograms/eip (under Employers at EIP)

Now that I've actually done EIP, I'm realizing how incomplete these results are.

what do you mean (admitted students can't view this page)?

Some of the CB's I was offered but declined aren't recorded at all (no one asked me?).

Weird. I think it comes from asking the firms actually, so possible either the firms or OCS miss some (actually probably very likely).

If anyone can't see it but wants the data, PM me.

[kingpin101]

Also goddamn Paul, Weiss NY gave out 63 offers but only 5 accepted? Lol.

[GoneSouth]

Also goddamn Paul, Weiss NY gave out 63 offers but only 5 accepted? Lol.

Petal actually called me back in the fall because I turned down a PW offer and said they'd asked her to look into why people with offers went elsewhere. Now seeing 5/63 that makes a lot more sense.

Kind of weird though, because I really liked PW and didn't chose them only because I wanted to split with a different market where they aren't. If I was staying in NY I probably would have gone there.

[Nebby]

Also goddamn Paul, Weiss NY gave out 63 offers but only 5 accepted? Lol.

Petal actually called me back in the fall because I turned down a PW offer and said they'd asked her to look into why people with offers went elsewhere. Now seeing 5/63 that makes a lot more sense.

Kind of weird though, because I really liked PW and didn't chose them only because I wanted to split with a different market where they aren't. If I was staying in NY I probably would have gone there.

PW NY has the reputation of being a sweatshop so I'm not surprised people would go elsewhere (probably to Skadden lololol)

[RSN]

Also goddamn Paul, Weiss NY gave out 63 offers but only 5 accepted? Lol.

Petal actually called me back in the fall because I turned down a PW offer and said they'd asked her to look into why people with offers went elsewhere. Now seeing 5/63 that makes a lot more sense.

Kind of weird though, because I really liked PW and didn't chose them only because I wanted to split with a different market where they aren't. If I was staying in NY I probably would have gone there.

Yeah, I heard they were really broken up about it. Last year it was 41 offers and 12 acceptances, which isn't great either, but this year's especially bad. Hard to say what happened.

[GoneSouth]

Also kind of weird because I know at least two of the people going to PW. I had been operating under the impression that there were a lot more. Probably doesn't help that they're so lit-centric. Lots of people are at least a little on the fence and want to have options open to them.

[Tiago Splitter]

Also kind of weird because I know at least two of the people going to PW. I had been operating under the impression that there were a lot more. Probably doesn't help that they're so lit-centric. Lots of people are at least a little on the fence and want to have options open to them.

They've expanded the corporate practice a fair amount, but if lit there is anything like corp stay far away.

[GreenEggs]

Damn Wachtell extended 7 offers. Boies 1.

[RSN]

Last year Wachtell made 6 offers and Boies 5. Not sure why Boies dropped so much this year, wonder if it's because they were planning to axe their corporate group. Only 2 people turned down Wachtell last year though, this year 4.

[Humbert Humbert]

For those who can't view it, here's the rest of the V10 for New York (accepted offers / extended offers)

Cravath: 26/36
Wachtell: 3/7
S&C: 4/34
Skadden: 15/35
Davis Polk: 13/28
Simpson: 11/57
Latham: 5/21
Kirkland: 5/29
Cleary: 18/62
Gibson: 9/26

[Nebby]

Lol sullcrom

[RSN]

For those who can't view it, here's the rest of the V10 for New York (accepted offers / extended offers)

Cravath: 26/36
Wachtell: 4/7
S&C: 4/34
Skadden: 15/35
Davis Polk: 13/28
Simpson: 11/57
Latham: 5/21
Kirkland: 5/29
Cleary: 18/62
Gibson: 9/26

Wachtell is 3/7