You are delusional if you think a Pace grad removed from the top of their class has the same opportunities as a Harvard grad. Harvard students can make $160K without even being in the top half of their class. I don't think the same can be said for Pace. So in fact there is a difference between paying back $150K in debt on a 50K salary as opposed on a 150K salary.
Bottom half of the class is bottom half of the class anyway you slice it, man ... BigLaw is NOT going to hire anyone for those oh so competitive jobs whose credentials aren't sterling ... the Ivy league tag may carry weight, but it;s not a $150K guarantee even for the low rung. Is it at Boalt? I didn't think so either. The $150K/$160K is reserved for the shining beacons and the ambassadors' kids ONLY, and everyone who slips their first year has a lot of work to do to make up the ground, regardless of where they attend school. Also: Of course bottom half at Harvard is better than bottom half at Pace, dummy. I;d sell a testicle to be at Harvard instead of Pace.I'm just saying that in terms of what you start at and up to a certain point, a loan payment of between $1100 and $2000 is going to really hurt. Would a Harvard grad's salary curve be a little steeper? Yes. But that debt is going to suck for him as much as it will for me. And for what it's worth, Pace might be T3, but it's Westchester County T3 (i.e., 25 miles north of Grand Central, making this effectively a dual market for legal jobs) with a good rep in several specialties and a growing profile in NYC. Not unrealistic to say a student can make a pretty good starting salary coming out of here, even without a great first year. We really shouldn't be a T3. The only reason we are is because we're only 30 years old and unfortunately attached to one of the worst managed university systems in the country; the law school is by far and away the shining light at this place. If anything, this board has taught me that students at T14 are the most delusional, mentally ill law students in existence. You're the guys who'll be the BigLaw "can't last five years" burnouts with sore vaginas. So there ...