UVA (sticker) v. Texas (sticker/in-state) Forum

[libby]

LSAT: 163 (maxed out)
GPA: 3.89

Hoping to get into big-law for a few years straight out of graduation. If i strike-out, I wouldn't be completely over the idea of LRAP/public interest considering I work for legal aid now. Difference in cost of attendance would be about 90k (not considering interest). Grew up in Texas and went to UT for undergrad, so I'm starving for a new experience. Any thoughts?

[dietcoke1]

you have no other options?

[StylinNProfilin]

Wanting to do biglaw in Texas?

[Justtrying2help]

This looks like a Texas or don't go situation. UVA would set you back like 300k after interest compounds. You don't seem absolutely sold on 10 consecutive years of LRAP (if it isn't repealed or retooled in that time).Texas is reasonable if you can get biglaw. UVA would only make logical sense if you have transformative wealth.

[PrezRand]

Texas at 200k is hard to justify imo and UVA is indefensible imo

[ponderingmeerkat]

UVA would only make logical sense if you have transformative wealth.

And, to be completely honest, transformative wealth doesn't stay transformative if you blow 300K for a UVA JD.

[cavalier1138]

Yeah, my choice here would be neither. You didn't apply to any schools that gave you scholarships?

[libby]

you have no other options?

I got $$ from a few T20s but I'm set on UT or UVA

[libby]

Texas at 200k is hard to justify imo and UVA is indefensible imo

Texas would probably be 150k, if that makes a difference

[libby]

Wanting to do biglaw in Texas?

Ideally yes, but I'd also like to have the option of doing big-law in DC, and I don't think Texas would necessarily give me a good set-up for that

[PrezRand]

Texas at 200k is hard to justify imo and UVA is indefensible imo

Texas would probably be 150k, if that makes a difference

I think most people here would tell you that Texas at 150k is still kinda bad since you only have a 42% chance at BL.

[libby]

Texas at 200k is hard to justify imo and UVA is indefensible imo

Texas would probably be 150k, if that makes a difference

I think most people here would tell you that Texas at 150k is still kinda bad since you only have a 42% chance at BL.

Isn't that better than any other T15-T20?

[trebekismyhero]

Texas at 200k is hard to justify imo and UVA is indefensible imo

Texas would probably be 150k, if that makes a difference

I think most people here would tell you that Texas at 150k is still kinda bad since you only have a 42% chance at BL.

Isn't that better than any other T15-T20?

Yes, but that means if you are not one of the 42%, you'll likely be making less than $70k. Which is hard to pay back $150k plus interest

[poptart123]

You should be getting full/significant money from UHLC/SMU/Baylor. Are those options--depending on career goals of course. Have you tried to leverage them with UT? This assuming you want to work in Texas.

[BigZuck]

Neither option is justifiable. Sit out a couple more years and retake again, or find better options.

Why do you want to do big law?

[libby]

You should be getting full/significant money from UHLC/SMU/Baylor. Are those options--depending on career goals of course. Have you tried to leverage them with UT? This assuming you want to work in Texas.

Tbh, if I'm going to stay in Texas, I'd like to attend UT. I'd be paying a little less if I went to BU or GWU (they gave me about 1/3 $$). But I've already ruled those schools out for the most part. I'm down to UT and UVA even if it will be more $.

[PrezRand]

Texas at 200k is hard to justify imo and UVA is indefensible imo

Texas would probably be 150k, if that makes a difference

I think most people here would tell you that Texas at 150k is still kinda bad since you only have a 42% chance at BL.

Isn't that better than any other T15-T20?

Yes, but that means if you are not one of the 42%, you'll likely be making less than $70k. Which is hard to pay back $150k plus interest

That's not true. Only like 10% get small law.

Texas at 200k is hard to justify imo and UVA is indefensible imo

Texas would probably be 150k, if that makes a difference

I think most people here would tell you that Texas at 150k is still kinda bad since you only have a 42% chance at BL.

Isn't that better than any other T15-T20?

I mean I guess but that doesn't really help you.

[trebekismyhero]

Texas at 200k is hard to justify imo and UVA is indefensible imo

Texas would probably be 150k, if that makes a difference

I think most people here would tell you that Texas at 150k is still kinda bad since you only have a 42% chance at BL.

Isn't that better than any other T15-T20?

Yes, but that means if you are not one of the 42%, you'll likely be making less than $70k. Which is hard to pay back $150k plus interest

That's not true. Only like 10% get small law.[/quote]

I really doubt the majority of those that aren't in big law are in mid-law making 100k since that is what the median for the whole law school is.

[albanach]

I really doubt the majority of those that aren't in big law are in mid-law making 100k since that is what the median for the whole law school is.

Whereas with UVA there's a 70% chance of biglaw or federal clerkship probably leading to biglaw. A decent number of the remaining 30% are in biggov or self-selected into public service.

Is $300k servicable on biglaw, biggov (in case pslf goes away) or midlaw is the question? A lot of that will depend on OPs goals and lifestyle.

[whysooseriousbiglaw]

I really doubt the majority of those that aren't in big law are in mid-law making 100k since that is what the median for the whole law school is.

Whereas with UVA there's a 70% chance of biglaw or federal clerkship probably leading to biglaw. A decent number of the remaining 30% are in biggov or self-selected into public service.

Is $300k servicable on biglaw, biggov (in case pslf goes away) or midlaw is the question? A lot of that will depend on OPs goals and lifestyle.

It may be barely serviceable, but you're basically living paycheck to paycheck for years just to pay down the loan in biglaw. Good luck with that.

[SeewhathappensLarry]

I really doubt the majority of those that aren't in big law are in mid-law making 100k since that is what the median for the whole law school is.

Whereas with UVA there's a 70% chance of biglaw or federal clerkship probably leading to biglaw. A decent number of the remaining 30% are in biggov or self-selected into public service.

Is $300k servicable on biglaw, biggov (in case pslf goes away) or midlaw is the question? A lot of that will depend on OPs goals and lifestyle.

It may be barely serviceable, but you're basically living paycheck to paycheck for years just to pay down the loan in biglaw. Good luck with that.

If you do PAYE you don't have to live paycheck to paycheck. Of course, you'll end up paying possibly significantly more if you go on the longer-term plan but people do that.

[whysooseriousbiglaw]

I really doubt the majority of those that aren't in big law are in mid-law making 100k since that is what the median for the whole law school is.

Whereas with UVA there's a 70% chance of biglaw or federal clerkship probably leading to biglaw. A decent number of the remaining 30% are in biggov or self-selected into public service.

Is $300k servicable on biglaw, biggov (in case pslf goes away) or midlaw is the question? A lot of that will depend on OPs goals and lifestyle.

It may be barely serviceable, but you're basically living paycheck to paycheck for years just to pay down the loan in biglaw. Good luck with that.

If you do PAYE you don't have to live paycheck to paycheck. Of course, you'll end up paying possibly significantly more if you go on the longer-term plan but people do that.

Wouldn't the tax bomb be insane?

[SeewhathappensLarry]

I really doubt the majority of those that aren't in big law are in mid-law making 100k since that is what the median for the whole law school is.

Whereas with UVA there's a 70% chance of biglaw or federal clerkship probably leading to biglaw. A decent number of the remaining 30% are in biggov or self-selected into public service.

Is $300k servicable on biglaw, biggov (in case pslf goes away) or midlaw is the question? A lot of that will depend on OPs goals and lifestyle.

It may be barely serviceable, but you're basically living paycheck to paycheck for years just to pay down the loan in biglaw. Good luck with that.

If you do PAYE you don't have to live paycheck to paycheck. Of course, you'll end up paying possibly significantly more if you go on the longer-term plan but people do that.

Wouldn't the tax bomb be insane?

Yeah I'm sure it would be enormous. Like I said, you'd be paying significantly more in the long run. But I'm pretty sure I would prefer to not live like a pauper for almost a decade and just pay more in the long run. All depends on your risk averseness.

[whysooseriousbiglaw]

I really doubt the majority of those that aren't in big law are in mid-law making 100k since that is what the median for the whole law school is.

Whereas with UVA there's a 70% chance of biglaw or federal clerkship probably leading to biglaw. A decent number of the remaining 30% are in biggov or self-selected into public service.

Is $300k servicable on biglaw, biggov (in case pslf goes away) or midlaw is the question? A lot of that will depend on OPs goals and lifestyle.

It may be barely serviceable, but you're basically living paycheck to paycheck for years just to pay down the loan in biglaw. Good luck with that.

If you do PAYE you don't have to live paycheck to paycheck. Of course, you'll end up paying possibly significantly more if you go on the longer-term plan but people do that.

Wouldn't the tax bomb be insane?

Yeah I'm sure it would be enormous. Like I said, you'd be paying significantly more in the long run. But I'm pretty sure I would prefer to not live like a pauper for almost a decade and just pay more in the long run. All depends on your risk averseness.

I guess, but you'd have to save up for the tax bomb too....

[SeewhathappensLarry]

I really doubt the majority of those that aren't in big law are in mid-law making 100k since that is what the median for the whole law school is.

Whereas with UVA there's a 70% chance of biglaw or federal clerkship probably leading to biglaw. A decent number of the remaining 30% are in biggov or self-selected into public service.

Is $300k servicable on biglaw, biggov (in case pslf goes away) or midlaw is the question? A lot of that will depend on OPs goals and lifestyle.

It may be barely serviceable, but you're basically living paycheck to paycheck for years just to pay down the loan in biglaw. Good luck with that.

If you do PAYE you don't have to live paycheck to paycheck. Of course, you'll end up paying possibly significantly more if you go on the longer-term plan but people do that.

Wouldn't the tax bomb be insane?

Yeah I'm sure it would be enormous. Like I said, you'd be paying significantly more in the long run. But I'm pretty sure I would prefer to not live like a pauper for almost a decade and just pay more in the long run. All depends on your risk averseness.

I guess, but you'd have to save up for the tax bomb too....

I'm not saying it's ideal. Given OP's options I would wait a couple years and retake. But otherwise I would do PAYE