I've been reading a bit lately about the "attractiveness" of splitters. How does being a splitter work in relation to T14 or hey...15-75ish? Does high GPA and lowerish LSAT usually mean waitlist/reject, or can it sometimes mean foot-in-the-door for T14 if you rock your personal statement and other soft stuff?
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Can you please expand more on your idea of "waste?" Is it the time/effort in applying? The risk of being waitlisted/rejected? The prospect of crappy scholarship cash?
I'm curious on your perspective on the wastefulness, as I feel that time is of the essence for me since I'm quickly zooming towards mid-30s.
The waste I am talking about can apply to all the issues you raised, but it all boils down to the fact that in this legal job market, it is generally in your best interest to go to the best school possible, everything else being equal. Therefore, if you have a GPA that is high enough to all but guarantee admittance to all of the T14 except HYS (which are largely a crapshoot even with the right numbers) given a high enough LSAT score, then you are doing a disservice to your future self by not taking the time to get that higher LSAT score.
Think about it this way: it took you ~4 years to get that GPA, which may or may not have been that difficult depending on your school/major, but you still had to actually show up and do work, which is far more than I did in college. So now you have one of the most important two components of getting into law school. Why would you waste those four years by settling with a 150? Or a 160? Or even a 165? With a 3.8+ you can pretty much guarantee yourself half of the T14 with a 170 since only HYS and Columbia still have medians over 171.
Even if it took you a year to get the score you want/need, that's still only a quarter of all that time you spent getting that GPA! And the difference between a 160 and a 170 is huge if your GPA is that high because that could mean the difference between 1 out of the T14 versus 10 out of the T14, not to mention the greater amount of scholarship money you could get with the higher score, and the better opportunities you would have upon graduating.
If you had a sub 3.0 GPA then the T14 is only accessible with a 169/170+ and even then only a few schools are likely to pick you up (NU/GU most especially). Sure, a 180 will get you most of the bottom half of the T14 even with a terrible GPA, but 50 people or less per year get a 180 so it's not really something to bank on. What you can bank on is your awesome GPA, so don't let all of us splitters down by letting it go to waste because that would just be a shame!