How much debt are you expecting, c/o 2013? Forum
- Veritas
- Posts: 2695
- Joined: Fri Oct 24, 2008 11:50 pm
How much debt are you expecting, c/o 2013?
So, how much debt are you expecting to accrue and how are you feeling about it (feel free to include UG debt, but maybe comment that it's being included)?
It would also be interesting to hear opinions/discussion on what is a rational level of debt for certain types of schools (judgment either by rank or more sensible standards, such as job placement, etc...)
When is it sensible to take on 150k+?
It would also be interesting to hear opinions/discussion on what is a rational level of debt for certain types of schools (judgment either by rank or more sensible standards, such as job placement, etc...)
When is it sensible to take on 150k+?
- Rowinguy2009
- Posts: 364
- Joined: Mon Oct 12, 2009 7:37 pm
Re: How much debt are you expecting, c/o 2013?
I am one of the 50Ks, but it's actually going to be closer to 60. This will likely be for a school ranked 20-30 (I think this should also be included, having 75K from Cooley and 75K from Penn are very different things.) As far as 150 K in debt goes, I personally don't think I would take out that much for anything short of HYS. I am fairly debt adverse though.
- Veritas
- Posts: 2695
- Joined: Fri Oct 24, 2008 11:50 pm
Re: How much debt are you expecting, c/o 2013?
Great opportunity, congrats!Rowinguy2009 wrote:I am one of the 50Ks, but it's actually going to be closer to 60. This will likely be for a school ranked 20-30 (I think this should also be included, having 75K from Cooley and 75K from Penn are very different things.) As far as 150 K in debt goes, I personally don't think I would take out that much for anything short of HYS. I am fairly debt adverse though.
Is this in a preferable market?
How much should you compromise to decrease debt? (for whoever)
- jawsthegreat
- Posts: 792
- Joined: Wed Dec 03, 2008 10:51 pm
Re: How much debt are you expecting, c/o 2013?
Will have between 30-50k in debt.
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- Posts: 1437
- Joined: Tue Jun 30, 2009 5:11 pm
Re: How much debt are you expecting, c/o 2013?
I said 175K. Sort of reticent to take out that much, but it would be for a school that (I think) justifies the cost.
Thankfully, I have no debt from UG.
Thankfully, I have no debt from UG.
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- thalassocrat
- Posts: 488
- Joined: Wed Sep 23, 2009 8:07 pm
Re: How much debt are you expecting, c/o 2013?
Said 175k, but that's really my upper limit and that'll be if I get into Chicago or something (going by their COL). I expect (or hope) it'll be less, especially if I end up at Michigan like I want. Can't really say until scholarship offers go out.
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- Posts: 297
- Joined: Fri May 01, 2009 1:32 pm
Re: How much debt are you expecting, c/o 2013?
I said 150K...
I still cannot stomach the fact of paying a mortgage sized loan for law school. The costs are barriers to entry.
I still cannot stomach the fact of paying a mortgage sized loan for law school. The costs are barriers to entry.
- NancyBotwin
- Posts: 1084
- Joined: Wed Jun 10, 2009 5:43 pm
Re: How much debt are you expecting, c/o 2013?
I said 250k+, but this is if I get into one of my reaches or NU, and includes debt from undergrad and grad school. If I end up at UMN or W&M, it will be a lot less, since they're offering $$.
It scares me a bit, but I have to remind myself that this is an investment in myself and my future.
It scares me a bit, but I have to remind myself that this is an investment in myself and my future.
- UFMatt
- Posts: 404
- Joined: Sun Jul 26, 2009 2:59 pm
Re: How much debt are you expecting, c/o 2013?
Between 50k and 75k. I refuse to pay sticker, and my wife can help with CoL.
- OGR3
- Posts: 881
- Joined: Wed Dec 23, 2009 6:56 pm
Re: How much debt are you expecting, c/o 2013?
I don't want to take out anything more than Stafford loans.
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- Posts: 18203
- Joined: Wed Oct 14, 2009 10:47 pm
Re: How much debt are you expecting, c/o 2013?
250K for Northwestern + some undergrad.
Actually it should be less than that, but that is probably the max. I should have 20K in savings when I start, and I'm hoping to work during 1L + 2L if I can. So maybe 170K if everything goes my way, 250K if nothing does.
Actually it should be less than that, but that is probably the max. I should have 20K in savings when I start, and I'm hoping to work during 1L + 2L if I can. So maybe 170K if everything goes my way, 250K if nothing does.
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- Posts: 1391
- Joined: Sun Aug 02, 2009 3:16 am
Re: How much debt are you expecting, c/o 2013?
125K for Minnesota, closer to 60K if I take the Iowa full ride tuition. At this point, I'm hesitant to take a T14 at sticker price since I'm not deadset on biglaw.
- Jackie O
- Posts: 223
- Joined: Tue Jun 16, 2009 10:34 am
Re: How much debt are you expecting, c/o 2013?
Yeah I'm delusional.
I put 75K - I think simply because that's an amount I feel okay with (not actually putting any consideration into what tuition is). However, that is obviously not including the 85K of loans for the degree I will graduate with in May.
Please give me scholarship money.
I put 75K - I think simply because that's an amount I feel okay with (not actually putting any consideration into what tuition is). However, that is obviously not including the 85K of loans for the degree I will graduate with in May.
Please give me scholarship money.
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- eye
- Posts: 159
- Joined: Thu Dec 03, 2009 3:40 pm
Re: How much debt are you expecting, c/o 2013?
The worst case scenario if things don't go my way: $115,000 including $10,000 of undergrad debt for a T30 law school.
I will do everything I can from now until August to reduce that to at least $75,000. Hoping to reduce this amount pursuant to possible scholarship $$$.
I'm also debt-averse and don't plan on big-law.
I will do everything I can from now until August to reduce that to at least $75,000. Hoping to reduce this amount pursuant to possible scholarship $$$.
I'm also debt-averse and don't plan on big-law.
- MC Southstar
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Re: How much debt are you expecting, c/o 2013?
I'm fucked.
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Re: How much debt are you expecting, c/o 2013?
Want to start a quarter million dollar club?shadowfrost000 wrote:I'm fucked.
- MC Southstar
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Re: How much debt are you expecting, c/o 2013?
My ass is bleeding.Desert Fox wrote:Want to start a quarter million dollar club?shadowfrost000 wrote:I'm fucked.
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-
- Posts: 18203
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Re: How much debt are you expecting, c/o 2013?
I haven't been raped yet, but I'm that cute 18 yo at her first frat party at UVA, wearing a low cut shirt and a skirt, and I just drank the jungle juice. I'm about to black out. I'll wake up at 2L OCI with a sore ass and vomit on my mouth wonder what happened.shadowfrost000 wrote:My ass is bleeding.Desert Fox wrote:Want to start a quarter million dollar club?shadowfrost000 wrote:I'm fucked.
And yes that was rancid anti UVA trolling.
- MC Southstar
- Posts: 1191
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Re: How much debt are you expecting, c/o 2013?
Tbh, being a splitter means there really wasn't much option in the first place though. Not like you can get a scholarship anywhere.. unless you wanna go to *snicker* St. Louis. Everyone has grade inflation.Desert Fox wrote:I haven't been raped yet, but I'm that cute 18 yo at her first frat party at UVA, wearing a low cut shirt and a skirt, and I just drank the jungle juice. I'm about to black out. I'll wake up at 2L OCI with a sore ass and vomit on my mouth wonder what happened.shadowfrost000 wrote:My ass is bleeding.Desert Fox wrote:Want to start a quarter million dollar club?shadowfrost000 wrote:I'm fucked.
And yes that was rancid anti UVA trolling.
And yes that was rancid anti humanities trolling.
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Re: How much debt are you expecting, c/o 2013?
That is why Northwestern at full price wasn't a hard choice for me. I figured it was 220K at NU, maybe 115K at UIUC. But that's about it. Schools like ChiKent, Depaul, and Loyola would probably be more more than UIUC, because they are cheap asses, and because of COL.shadowfrost000 wrote:Tbh, being a splitter means there really wasn't much option in the first place though. Not like you can get a scholarship anywhere. Everyone has grade inflation.Desert Fox wrote:
I haven't been raped yet, but I'm that cute 18 yo at her first frat party at UVA, wearing a low cut shirt and a skirt, and I just drank the jungle juice. I'm about to black out. I'll wake up at 2L OCI with a sore ass and vomit on my mouth wonder what happened.
And yes that was rancid anti UVA trolling.
And yes that was rancid anti humanities trolling.
Made the choice a lot easier. I don't even know what school would give me a full ride (well other than Cooley).
- Aeroplane
- Posts: 483
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Re: How much debt are you expecting, c/o 2013?
I don't know how much of a splitter you are, but if your GPA is >3.0 you can get T14 scholarships, although not huge ones.shadowfrost000 wrote:Tbh, being a splitter means there really wasn't much option in the first place though. Not like you can get a scholarship anywhere.. unless you wanna go to *snicker* St. Louis. Everyone has grade inflation.
And yes that was rancid anti humanities trolling.
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- Helmholtz
- Posts: 4128
- Joined: Wed Sep 17, 2008 1:48 pm
Re: How much debt are you expecting, c/o 2013?
With LS + UG, and assuming I get absolutely no money from one of my better acceptances, we're looking at somewhere probably a little under $200k.
- Lilith
- Posts: 163
- Joined: Mon Dec 10, 2007 2:43 pm
Re: How much debt are you expecting, c/o 2013?
jawsthegreat wrote:Will have between 30-50k in debt.
- rw2264
- Posts: 314
- Joined: Sat Nov 07, 2009 2:59 am
Re: How much debt are you expecting, c/o 2013?
probably 100-120k for top 40, depending on whether i get any need-based grants. is it ridiculous for me to plan on relying on LRAP...?
why oh why do i want to go to a UC so badly now? they're just going to keep raising the tuition on me. maybe i should just apply to lewis and clark and see if they give me a full ride.
why oh why do i want to go to a UC so badly now? they're just going to keep raising the tuition on me. maybe i should just apply to lewis and clark and see if they give me a full ride.
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Re: How much debt are you expecting, c/o 2013?
With your numbers, I bet you can do better than $$ at a top 40. I think that LRAP will be better at higher ranked schools too.rw2264 wrote:probably 100-120k for top 40, depending on whether i get any need-based grants. is it ridiculous for me to plan on relying on LRAP...?
why oh why do i want to go to a UC so badly now? they're just going to keep raising the tuition on me. maybe i should just apply to lewis and clark and see if they give me a full ride.
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