I haven't seen that much talk on these schools. Basically with my 174 and 3.43 GPA I've got a good shot at a T10 school and almost a lock at some T14 schools but I'm considering dropping applying to a few in the 20-30 range trying to get a large scholarship.If I would do this and a school like UIUC, BC, or Notre Dame offers a full ride or close to it would I be stupid to take it?I'd prefer to go BigLaw but I will be paying for law school pretty much 100% through scholarships and loans and already am going to graduate undergrad with 20-25K in debt (all of undergrad will be paid through scholarhsips/loans)and another question, will a 174/3.43 be good enough to get a full ride at a T30 school?
while the full ride seems like a lot of money/a good deal, it's really not. you have to compare the money saved in tuition (let's say $100K) vs. the present value of the increase in lifetime earning capacity that you get from going to a top law school. the chances of getting a 'biglaw' gig going to a top 30 school are not that great; you probably need to be in the top 1/4 to top 1/3. however, if you go to a top 5 or 10 school, you will almost certainly get a job at a large law firm. so, right off the bat you'll be making at least 60K more coming from a top 5-10 school than you would coming from a top 30 school, provided you're one of the 70% or so of people at the lesser school who don't get biglaw offers. throw in the freedom to take your jd anywhere you want, and it's pretty much a no-brainer.
Quote from: Dr. Miles on July 11, 2007, 11:39:42 PMwhile the full ride seems like a lot of money/a good deal, it's really not. you have to compare the money saved in tuition (let's say $100K) vs. the present value of the increase in lifetime earning capacity that you get from going to a top law school. the chances of getting a 'biglaw' gig going to a top 30 school are not that great; you probably need to be in the top 1/4 to top 1/3. however, if you go to a top 5 or 10 school, you will almost certainly get a job at a large law firm. so, right off the bat you'll be making at least 60K more coming from a top 5-10 school than you would coming from a top 30 school, provided you're one of the 70% or so of people at the lesser school who don't get biglaw offers. throw in the freedom to take your jd anywhere you want, and it's pretty much a no-brainer.You're also talking about the opportunity cost of 3 years not working or advancing in another career. I'd only take the full-ride at a lower-ranked program if you're willing to stay in that area and don't care how much you make.