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For somebody starting biglaw this year, is PAYE worth it?
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Date: April 24th, 2014 3:37 PM Author: Magenta philosopher-king base i havent done the math but is it better to do PAYE or just pay off 2k-3k a month like a normal bro if you about 150k in debt and are going into biglaw? assume normal (and unknown) exit options/staying power/etc (http://www.autoadmit.com/thread.php?thread_id=2550894&forum_id=2#25439527) |
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Date: April 24th, 2014 3:39 PM Author: startling piazza chad Lock in PAYE but pay down early (http://www.autoadmit.com/thread.php?thread_id=2550894&forum_id=2#25439538) |
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Date: April 24th, 2014 3:52 PM Author: Magenta philosopher-king base what does this mean? arent you locked into 20 years and 10% of discretionary income? how can an associate pay down early?
what happens if hypothetically you make partner and by year 12 youre crushing it? wouldnt you pay way more than the amount you would have had you just done normal route? |
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Date: April 24th, 2014 8:31 PM Author: Cruel-hearted Rehab Jamaal is an idiot. Disregard (http://www.autoadmit.com/thread.php?thread_id=2550894&forum_id=2#25441179) |
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Date: April 24th, 2014 8:34 PM Author: startling piazza chad (not a loan mfe)
there is zero upside to ever not doing paye since you can always pay down early on paye |
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Date: April 24th, 2014 8:37 PM Author: Magenta philosopher-king base so literally everyone who can do PAYE should do PAYE with no downside? this sounds ridiculous/too good to be true. (http://www.autoadmit.com/thread.php?thread_id=2550894&forum_id=2#25441194) |
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Date: April 24th, 2014 8:38 PM Author: fragrant transparent lay black woman i think he means lock in the program so that you start the clock on 20 years, but still prepay more than the minimum (http://www.autoadmit.com/thread.php?thread_id=2550894&forum_id=2#25441202) |
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Date: April 24th, 2014 8:38 PM Author: startling piazza chad read the MPN
it also limits interest capitalization to 10% of principal, which is less than most people have coming out of LS |
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Date: April 24th, 2014 8:31 PM Author: startling piazza chad You can always pay down loans early, it's written into the MPN. (http://www.autoadmit.com/thread.php?thread_id=2550894&forum_id=2#25441180) |
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Date: April 24th, 2014 3:40 PM Author: appetizing wrinkle persian 150K is right around the cut off where either option is about the same (http://www.autoadmit.com/thread.php?thread_id=2550894&forum_id=2#25439551) |
Date: April 24th, 2014 8:30 PM Author: Magenta philosopher-king base (http://www.autoadmit.com/thread.php?thread_id=2550894&forum_id=2#25441177) |
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Date: April 24th, 2014 8:51 PM Author: provocative native Lol this jamaal character is hilarious (http://www.autoadmit.com/thread.php?thread_id=2550894&forum_id=2#25441238) |