If the tier 3 is somewhere you don't want to be then transferring is probably a good idea, but it sounds like that is not the case. Location is probably the most important thing when choosing your school at least in my opinion with cost as a close second. The rankings are pretty irrelevant, but the ELITE schools which are essentially the T14 are often worth the money. Whatever the location is should be a consideration and having no debt would be a lot less stressful.
I have a full tuition scholarship to a high T3 law school worth 44k per year, however I don't want to stay in the region after graduation. I am fairly sure I want to join the Army JAG Corps with a 4 year contract after graduating, which has a loan repayment plan that will pay off all of my undergraduate and graduate loans (living expenses), leaving me debt free. My concern is that after the 4 year contract is up, I might have trouble finding a job anywhere other than New York State, especially considering the bad reputation my school is getting for being pricey yet turning out unemployed grads. I'll also add that I do not know where I want to end up, so I'd really like to get into a school with enough power behind it to allow me to keep my options open in the future. Should I stay on for the free education and take my chances down the road? Or should I jump ship after the first year and face minimum 1 year (in a few schools), more likely 2 years, with no financial help?Any advice would be appreciated!
1. Yes I'm sure.2. Going down from T14, at which point would the return from the school not be worth giving up my scholarship?Thanks for your reply
You do have to account for the student loan interest as well 8.5 percent generally
most t14s are 40 tuition
then an additional 20k in living expenses
so two years 120,000 accruing 8 percent annually is somewhere in the neighborhood of 8,500 in interest and if you don't get that high paying job the interest will keep blowing up. It is a very tough call graduating debt free will be a lot less stressful, but a t14 school will open more doors.