I had a similar dilemma. Took the scholarship and I think it was a good fit for me. I’m very debt averse and pretty deeply rooted in a non-lucrative but important niche field of law, do it works for me. I’d say if you want big money or US politics, go T14 though.
It’s December, you have a ton of time left to squeeze money out of those t14s. Wait to see if they give you any money in the coming months. If they don’t, then ask for some.
It’s way too early to try to make this decision now.
Bull crap - Fordham is shit for negotiating. Had a Dillard and tried to have them match the full ride and they wouldn’t budge.
I also think you guys are making crazy assumptions that OP will get BIG money at the lower T14 just because he got into Duke/Michigan. Maybe a small scholarship to incentivize him to go a tad lower rank. I think you’re giving him fairly misrepresentative info that could make him have unrealistic goals.
I’m not saying that Fordham will negotiate (I don’t know their reputation on that front), but in your case, there was no way you were going to attend Fordham. They likely didn’t want to waste time negotiating an offer that wouldn’t affect your decision.
What state (or city) do you want to practice in? Get your JD at the best law school in that area. IMHO: No reason to head to the high COL northeast unless you want an Ivy or T14.
That offer from Fordham is going to leave you $150K in debt. Fordham’s tuition is going to average $60K for the three years you’re there. As has been mentioned already the COL factor here is crucial. They estimate their nine-month COL as $27K, which is unrealistically low. Fordham is in mid-town. If you’re anywhere within a reasonable commute you are going to find it very difficult to pay less than 2K per month in rent, and that’s with a roommate or two. And that’s the nine month COL, which means you have a full year of living expenses unaccounted for by the time you take the bar. Manhattan rents are just completely insane now, and it’s something prospective law students have to take into account.
Even at sticker Michigan and Duke are going to make more sense (I’m not saying to do it as “more sense” doesn’t mean “enough sense”). Don’t go $150K in debt to go to Fordham.
Sure. Except that’s bullshit, and if you have Dillard stats at UVA, you got money at NYU/Columbia.
What would your negotiation have looked like? “Thanks for raising the offer. Now that it will cost me the exact same amount (let’s pretend COL is equivalent for funsies) to go to Fordham as it will to go to a school with much better odds of placing me in NYC biglaw, I’m going to choose Fordham.”
Fordham isn’t a bad school, but their adcomms also aren’t morons. If you had a full ride offer at UVA, they knew damn well you weren’t going to take anything they offered. Frankly, it was a dick move to ask them in the first place, because no one would be stupid enough to think it was a good faith negotiation.
Nope - haven’t gotten anything from NYU or Columbia. Maybe I will in the future, but why not hedge my bets? I don’t think it’s a dick move - I understand if they didn’t want to pony it up because they thought the probability of me not getting money elsewhere was low, but I felt it was a totally fine thing to do. If I got the money and had a better offer elsewhere, I would’ve withdrawn and they’d have their money back.
Your opinion is just that, I think it was totally fine to do, but people can disagree. At the end of the day, I’m just trying to get the best deal for myself.