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Posted: Fri Oct 16, 2015 9:55 pm
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Law School Discussion Forums
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https://www.top-law-schools.com/forums/viewtopic.php?f=4&t=255307
Why? You are at a highly ranked school and managed to have little actual debt and biglaw lined up...Capitol_Idea wrote:Yeah don't do this. I am finishing up the evening program at GULC at sticker and it is dumb. I was dumb. Even with little actual debt and Biglaw lined up.
Do you not want to be a lawyer? Graduating with almost no debt and a biglaw job hardly seems "dumb."Capitol_Idea wrote:Yeah don't do this. I am finishing up the evening program at GULC at sticker and it is dumb. I was dumb. Even with little actual debt and Biglaw lined up.
1. It still cost 150K. If I wasn't stuck in DC (job, wife, mortgage) I could've applied broader and possibly gotten $ somewhereWW25 wrote:Do you not want to be a lawyer? Graduating with almost no debt and a biglaw job hardly seems "dumb."Capitol_Idea wrote:Yeah don't do this. I am finishing up the evening program at GULC at sticker and it is dumb. I was dumb. Even with little actual debt and Biglaw lined up.
yea but don't like 23% go into gov't/PI from Georgetown. Don't they get their debt forgiven? So that's a 73% chance at a good outcome if the good outcome is to 'break even.' And doesn't Georgetown do LRAP if you make below certain amount? And there's PAYE. All these signs point to borrowing instead of paying cash out of pocket. (not saying you disputed that Zach) So it would be really dumb if you paid cash out of pocket.Capitol_Idea wrote:1. It still cost 150K. If I wasn't stuck in DC (job, wife, mortgage) I could've applied broader and possibly gotten $ somewhereWW25 wrote:Do you not want to be a lawyer? Graduating with almost no debt and a biglaw job hardly seems "dumb."Capitol_Idea wrote:Yeah don't do this. I am finishing up the evening program at GULC at sticker and it is dumb. I was dumb. Even with little actual debt and Biglaw lined up.
2. GULC part time doesn't get scholarship money. If I had applied full time there is a chance I would've saved more money in scholarships than I made from keeping my job. No guarantee on that but if I could do it over I would've tried.
3. Getting a Biglaw job is what I wanted out of law school, and I'm very fortunate to have made that happen. But getting a good outcome does not retroactively make the decision worth it, especially not when giving advice to others who may not end up so lucky. You have about a 50% chance of making it in Biglaw from GULC, and even narrower chances if you are targeting specific firms/practices/markets.
tl;dr - 150K at GULC (and that's just tuition) is not worth it for a 50/50 chance of getting a biglaw job that will require, bare minimum, several years of work just so you can break even again.
No. This is stupid and you should feel bad.ldlamb wrote:It can be....if you do well.
Leonardo DiCaprio wrote:... if you have 200k saved dont go to law school man.
WRT PSLF, no one anywhere has yet had their debt forgiven, and it does require staying in the public sector for 10 years. It's potentially a good outcome, but I don't think it's a slam dunk. Not having the debt at all would be better.Lawdork wrote:yea but don't like 23% go into gov't/PI from Georgetown. Don't they get their debt forgiven? So that's a 73% chance at a good outcome if the good outcome is to 'break even.' And doesn't Georgetown do LRAP if you make below certain amount? And there's PAYE. All these signs point to borrowing instead of paying cash out of pocket. (not saying you disputed that Zach) So it would be really dumb if you paid cash out of pocket.
Also a GULC student with no debt and a BigLaw SA lined up. I don't think going to Georgetown for free is dumb. I think it becomes dumb if you are only interested in BigLaw or you have a mountain of debt. It's a good school, but it's very possible to miss the BigLaw boat.seashell.economy wrote:Why? You are at a highly ranked school and managed to have little actual debt and biglaw lined up...Capitol_Idea wrote:Yeah don't do this. I am finishing up the evening program at GULC at sticker and it is dumb. I was dumb. Even with little actual debt and Biglaw lined up.
Capital Idea,Capitol_Idea wrote:1. It still cost 150K. If I wasn't stuck in DC (job, wife, mortgage) I could've applied broader and possibly gotten $ somewhereWW25 wrote:Do you not want to be a lawyer? Graduating with almost no debt and a biglaw job hardly seems "dumb."Capitol_Idea wrote:Yeah don't do this. I am finishing up the evening program at GULC at sticker and it is dumb. I was dumb. Even with little actual debt and Biglaw lined up.
2. GULC part time doesn't get scholarship money. If I had applied full time there is a chance I would've saved more money in scholarships than I made from keeping my job. No guarantee on that but if I could do it over I would've tried.
3. Getting a Biglaw job is what I wanted out of law school, and I'm very fortunate to have made that happen. But getting a good outcome does not retroactively make the decision worth it, especially not when giving advice to others who may not end up so lucky. You have about a 50% chance of making it in Biglaw from GULC, and even narrower chances if you are targeting specific firms/practices/markets.
tl;dr - 150K at GULC (and that's just tuition) is not worth it for a 50/50 chance of getting a biglaw job that will require, bare minimum, several years of work just so you can break even again.