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Messages - BigRig

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51
Where should I go next fall? / Re: what to do?
« on: April 12, 2006, 09:31:12 AM »
I picked number 1 as I believe at this point it's easier to assume that the other schools will not pan out. This way, there won't be any unnecessary stress or let down. Assume you'll be going to FSU, which I think is a great option unless you want to be in NE. In the event something changes with these other schools, address it then.

Also, we have nearly identical numbers but I was not offered a scholarship on the first go round.  Do you have any insight here? And by the way, pay attention to posts regarding residency transfer if you haven't.  There is some uncertainty causing concern for much of us, but I am hopeful it'll work itself out. I am not looking back on FSU.

52
Pinkybella,

Thanks for your comments; they certainly make sense in regards to attending a Tier 4 school. I suppose if one is attending a tier 4 school both a high gpa/high class rank will be paramount.  In my case, I am evaluating FSU (now ranked 53). I got some more perspective on the curve and believe it to be helpful. If one is choosing between two schools in which everything is pretty much equal save the curve, then strongly consider it. However, in general if you are attending a school with strong employment stats (e.g. FSU has 85% employed at grad, 98% employed within 6 mos.) do not fret because you'll be able to display classr ank next to GPA and it likely will make sense to those hiring.

53
Where should I go next fall? / Re: University of Florida Residency
« on: April 11, 2006, 10:30:35 PM »
seriously, this is driving me nuts. After leaving FSU, I felt confident that under current law it would be no problem transfering residency so long as all steps were completed prior to the first day of 1L. Overwhelmingly, they believed that Bush will again veto the bill as graduate programs,at least at FSU, will be severely devastated if they lose students from out of state. I really thought my decision was set (felt comfortable with debt load after residency transfer) and I could enjoy the balance of my time between now and law school. Now, I have to sit and wait until some time in June all the while putting together a contingency plan to buy a house/condo, which will require me to move much earlier than I had planned.  I really hope this works out for those of us in this horribly uncertain position.

54
For example, at FSU there is a very strictly enforced C+ curve in which only 5-10% of the class may receive an A while another 5% must receive a D.  A current student made mention of this as a very important point to consider.  Apparently employers do not adequately account for a more difficult curve and it comes across as an excuse/whining during an interview.  I believe I was told by faculty/administrators that it's equally as common to place class rank on a resume especially in these circumstances, however, I'd hate to be ranked right in the middle of my class with a 2.5 and not get a job over someone at say UF with 2.6 who's closer to the bottom in his/her class (I am only using UF as an example, not suggesting comparison is accurate).

Does anyone have any thoughts on this?  I was all psyched to attend FSU but considering this and the residency transfer in limbo till June, excitement and anticipation is quickly turning to doubt and concern.

55
Where should I go next fall? / Re: University of Florida Residency
« on: April 10, 2006, 04:11:06 PM »
I apologize if I did not answer this above.  There has been no change to existing state law regarding residency transfer for graduate/professional students seeking residency in the state of FL after their first year.  There are talks of a revised proposal that (to my knowledge) is yet to be brought in front of the legislature. It is the "off the record view" of those at FSU that any such proposal will again be vetoed.  As of now, absolutely nothing has changed. I'd ask current FSU 1Ls who came from out of state how/if they plan to obtain residency after their first year and the requisite steps they followed to do so.  I'd also ask UF how they handled the matter last year when a lot of people found themselves bound to UF under false pretenses.

56
Where should I go next fall? / Re: University of Florida Residency
« on: April 10, 2006, 02:57:20 PM »
While competitive spirit dissuades me from offering a hand to the opposition, for sake of the bond among future legal professionals I will supply my knowledge/experience with the issue  ;D

I, of course, have interacted with FSU. They also can offer no assurance but believe that the law will stay the same; meaning law students have little problem establishing residency so long as the complete necessary steps one year before the first day of their second year in law school. I am not sure of the exact steps (driver's license, voter's registration, statement to live/work in Florida, .....).

Gov. Bush abruptly vetoed the bill last year and will likely veto the new proposal this year according to FSU students/faculty/administration. There is no formal comment suggesting this but this was the consensus I gathered when visiting on their admit day. Also, in the case of FSU, alumni pooled funds together for last year's entering class who came to FSU under the pretense of establishing residency their second year to cover the difference.

To me, it sounds like UF (arguably, like a good lawyer) is just trying to cover their ass. I have never lived in Florida but will be attending FSU based upon the likelihood that the law will not change and that the law school might offer rescue if law changes after I've committed to attending under current state law.

57
I was admitted very quickly, received no sholarship or grant money. I just got my estimated financial award = $48,000 per year, of which only $8.500 is subsidized Stafford Loans.  I assure you I have very few assets and my adjusted gross was under $30,000 a year. I am not willing to go into that much debt to attend Villanova.

58
General board for soon-to-be 1Ls / Re: Vehicles in law school
« on: April 07, 2006, 05:17:34 PM »
Lily,

One point: comparing houses as a necessity to cars as a necessity as aforementioned really isn't fair.  I agree with your point that just because something is a necessity doesn't mean it's not an investment (e.g. oil).  However, houses themselves aren't necessities, housing is a necessity (people can opt for apartments, condos, etc.).

Technically both cars and houses could be considered an investment.  The answer lies in supply/demand fundamentals and time horizon.  When the supply of any asset (both are assets by the way) outstrips demand, it will not appreciate in value (= bad investment). In the short run, this explains cars depreciation; in the long run, the supply/demand relationship could change and the car could become an investment (e.g. antique - when this happens of course varies). 

Regarding housing as an investment; it's obviously a different animal. If you are purchasing a house you are also most likely purchasing land, which is absolutely a scarce resource that will appreciate over time; one cannot say the same about cars.

Also, there actually are not that many at-risk housing markets.  Protracted, low long-term interest rates in combination with new financing schemes (exotic = adjustable rate mortgages) have disrupted supply/demand balances in several markets where demographics have been quite strong, housing scarce, etc. (most notably Las Vegas and San Francisco). Thus, a would-be homeowner or real estate investor is at risk (in the short to medium term) buying in these markets if he/she does not have the financial wherewithall to sustain the period where prices are likely to correct before rising once again.  To reiterate, in most markets this is not the case and one will continue to see moderate returns/appreciation year over year.

On the opposite side, in some markets new construction has outpaced household formations (e.g. Michigan), which will weigh on appreciation/house price growth as well in the short to medium term, which puts the buyer/investor at risk. In sum, however, real estate will be a very good investment for most anyone over the forecast horizon so long as they pay attention to supply/demand.

59
General Off-Topic Board / Re: Rate the avatar of the poster above you!
« on: April 07, 2006, 04:12:29 PM »
10, like the hair and serious look. I really hope that a UF student does not post after me.

60
General Off-Topic Board / Re: All Time Favorite Video Game...
« on: April 07, 2006, 04:09:28 PM »
Sky Kid, Mike Tyson's Punch Out

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