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sarpengelman758
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sarpengelman758
Thursday, Apr 18 2019

@ said:

@ said:

Hi there-

I'm looking for as much feedback as possible, and after having a great experience with LSAT prep on 7sage a couple years ago, I figured I would post about my predicament here.

I was accepted to Georgetown Law this cycle and it's the only school I applied to this cycle. I have a 168/3.2. Between personal savings, college fund savings, and a small $30k total scholarship, my total debt at graduation would be $215k (including interest in all these numbers).

Goals are Big Law in NYC, or any east coast city at least initially. Long term, maybe in-house somewhere.

My option is either go to Georgetown this fall, or re-apply next cycle to other schools. Last cycle I had acceptances to Fordham, BC, BU and WUSTL. All four would've costed around $120-135k. Like a lot of us, I think I've gotten fixated on prestige. My question is, is Georgetown worth an additional $90k compared to these schools?

Added a poll to make it easy

Edit: Those numbers are total COA, so including living as well in that. Just clarifying in case. Also, I should note I have a job in NYC currently at a mid-size professional services/consulting firm and I'm two years out of undergrad. So, I'm not on my couch collecting dust if I wait, but also don't love what I do by any means.

NYC Big Law is certainly attainable from any of the schools you listed if you do well. However, I don't think it is unreasonable to pay an extra $90k to get into a T14 school.

So I re-did some math using access lex for Fordham as an example. If I were to get the same offer as last year (big if) it would be roughly $95k. So it would be $120k more for Georgetown. Do you still think it is worth that much more? Just curious if the difference of $120 to $90k would change people's opinions on it. It's a pretty close debate right now based on the poll.

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sarpengelman758
Thursday, Apr 18 2019

@ said:

Oh my God! I'm stunned by the people who say that G-Town is worth $215k. That's absurd because G-Town has larger classes and there is absolutely no guarantee that you'll be near the top of your class to qualify for scholarships. The fact that they want you to pay them means they're appealing to your ego and know that you and others are lambs for the lions.

I would wait, apply for early decision to WUSTL, and get your law school fully funded. Georgetown is not worth it for 200k.

This is the direction I am leaning to be honest. I don't think G-town at $215k is awful. But, I think going somewhere for much 90-100k less seems more logical. I redid the math for Fordham and I think if I were able to obtain the same scholarship as last year (40k per year) and factor in my savings, it would cost $95k. Given that, it is becoming very hard to imagine Gtown is worth 2.5x more. A big part of this is that I am a NY'er and NY is my goal, so maybe national portability isn't necessary?

Gtown is so tricky because they place 60% into big law+fc, but how much is self selection for Gov/PI. When I was at ASW a lot of people were only interested in those outcomes. It could be 10% choosing to go into the public sector etc. With that said, they aren't recession proof and had around 40% placement for big law+fc in 2011. And we probably have a recession coming soon, which is what scares me with taking on that debt the most.

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Wednesday, Apr 17 2019

sarpengelman758

How much is too much for Prestige?

Hi there-

I'm looking for as much feedback as possible, and after having a great experience with LSAT prep on 7sage a couple years ago, I figured I would post about my predicament here.

I was accepted to Georgetown Law this cycle and it's the only school I applied to this cycle. I have a 168/3.2. Between personal savings, college fund savings, and a small $30k total scholarship, my total debt at graduation would be $215k (including interest in all these numbers).

Goals are Big Law in NYC, or any east coast city at least initially. Long term, maybe in-house somewhere.

My option is either go to Georgetown this fall, or re-apply next cycle to other schools. Last cycle I had acceptances to Fordham, BC, BU and WUSTL. All four would've costed around $120-135k. Like a lot of us, I think I've gotten fixated on prestige. My question is, is Georgetown worth an additional $90k compared to these schools?

Added a poll to make it easy

Edit: Those numbers are total COA, so including living as well in that. Just clarifying in case. Also, I should note I have a job in NYC currently at a mid-size professional services/consulting firm and I'm two years out of undergrad. So, I'm not on my couch collecting dust if I wait, but also don't love what I do by any means.

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