- PowerScore Staff
- Posts: 9012
- Joined: Feb 02, 2011
- Fri Apr 06, 2018 11:36 am
#44819
Below is a conversation between PowerScore CEO Dave Killoran, and a student, Dominique, regarding Dominique's law school admissions decision.
Dominique: "Hi Dave,
So...I got into Tulane Law School, ranked (51), and they offered me a $25,000/year scholarship.
Their tuition and fees cost about $56,000
My debt would be about $100k coming out of law school if I attend.
I also got into a much lower ranked school Loyola New Orleans (142, i think?), and they offered me a $36,000 scholarship that would cover 82% of my tuition and fees.
My debt would be $24k coming out of law school if I were to attend the lower ranked school.
I'm not exactly sure what type of law I want to practice as of now, but I do know that I do not want to stay in Louisiana.
What do I do?"
Dave Killoran: "Thanks for the question! there are never any sure things, but in this case, you want to look at what that monetary difference translates to when it comes down to jobs, especially since you do not intend to stay in Louisiana. Here's the overview and job data:
Loyno: https://www.lstreports.com/schools/loyola-neworleans/
Tulane: https://www.lstreports.com/schools/tulane/
In brief:
Loyno:
Large Firm 3.7%
Small Firm 19%
Federal Clerkship 1.9%
Public Service 11.6%
Tulane:
Large Firm 12.1%
Small Firm 11.1%
Federal Clerkship 9%
Public Service 14.1%
So, that $75K difference does result in a demonstrable difference in hiring (especially into the more desirable large firms and clerkships). What about where the grads end up?
Loyno:
Loyola University New Orleans has reported the location of 98.3% of employed graduates.
LA: 74.7%
TX: 2.9%
FL: 2.9%
Tulane:
Tulane University has reported the location of 57.6% of employed graduates.
LA: 33.7%
TX: 14.5%
CA: 9.3%
You start to get a clearer picture here (although a fair share of Tulane data is missing, it seems, so I'd look more closely into that): Loyno is sending grads into Louisiana at a high rate, whereas Tulane is allowing grads to move away at a much better rate.
I'm debt averse, but it would seem the outcomes in terms of jobs and locations look a lot better for you at Tulane than Loyno, even with the monetary difference in place.
Please let me know if that helps. Thanks!"
Dominique: "Hi Dave,
So...I got into Tulane Law School, ranked (51), and they offered me a $25,000/year scholarship.
Their tuition and fees cost about $56,000
My debt would be about $100k coming out of law school if I attend.
I also got into a much lower ranked school Loyola New Orleans (142, i think?), and they offered me a $36,000 scholarship that would cover 82% of my tuition and fees.
My debt would be $24k coming out of law school if I were to attend the lower ranked school.
I'm not exactly sure what type of law I want to practice as of now, but I do know that I do not want to stay in Louisiana.
What do I do?"
Dave Killoran: "Thanks for the question! there are never any sure things, but in this case, you want to look at what that monetary difference translates to when it comes down to jobs, especially since you do not intend to stay in Louisiana. Here's the overview and job data:
Loyno: https://www.lstreports.com/schools/loyola-neworleans/
Tulane: https://www.lstreports.com/schools/tulane/
In brief:
Loyno:
Large Firm 3.7%
Small Firm 19%
Federal Clerkship 1.9%
Public Service 11.6%
Tulane:
Large Firm 12.1%
Small Firm 11.1%
Federal Clerkship 9%
Public Service 14.1%
So, that $75K difference does result in a demonstrable difference in hiring (especially into the more desirable large firms and clerkships). What about where the grads end up?
Loyno:
Loyola University New Orleans has reported the location of 98.3% of employed graduates.
LA: 74.7%
TX: 2.9%
FL: 2.9%
Tulane:
Tulane University has reported the location of 57.6% of employed graduates.
LA: 33.7%
TX: 14.5%
CA: 9.3%
You start to get a clearer picture here (although a fair share of Tulane data is missing, it seems, so I'd look more closely into that): Loyno is sending grads into Louisiana at a high rate, whereas Tulane is allowing grads to move away at a much better rate.
I'm debt averse, but it would seem the outcomes in terms of jobs and locations look a lot better for you at Tulane than Loyno, even with the monetary difference in place.
Please let me know if that helps. Thanks!"