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Northwestern law - $240k cost of attendance for 3 years (tuition is $180k)
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Date: October 24th, 2016 4:29 PM Author: Clear zippy filthpig church building http://chicagofinancialaid.northwestern.edu/tuition/law.html
laugh my ass off |
Date: October 24th, 2016 4:31 PM Author: startled abode shitlib $792 in transportation costs? That's a lot of Ubers to Chad's apartment for one semester. (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31716971) |
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Date: October 24th, 2016 4:32 PM Author: provocative church alpha $255k, not counting any costs for the combined 6 months of 1L summer and 2L summer (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31716978) |
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Date: October 24th, 2016 4:33 PM Author: startled abode shitlib What about the accruing interest? $300K? (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31716981) |
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Date: October 24th, 2016 4:34 PM Author: Clear zippy filthpig church building good thing you can get biglaw 1L and 2L summers (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31716983) |
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Date: October 24th, 2016 4:44 PM Author: ocher mother are 1L's back to getting biglaw? thought that was pretty rare. also, subtract summer living expenses since that's not included in the budget the school sets. in MFH, that's going to be what, at least $10K of your $30K. (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717029) |
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Date: October 24th, 2016 4:47 PM Author: poppy chad becky (guy who missed the sarcasm) (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717048) |
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Date: October 24th, 2016 4:47 PM Author: ocher mother guilty (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717054) |
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Date: October 24th, 2016 4:49 PM Author: poppy chad becky It can be tough to tell since we've had law school admins drilling untruths into us. (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717064) |
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Date: October 24th, 2016 4:48 PM Author: Clear zippy filthpig church building well, it depends. are you black, mexican, or feather indian? or maybe an engineer? (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717058) |
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Date: October 24th, 2016 4:38 PM Author: ocher mother Boalt: $250K:
https://www.law.berkeley.edu/admissions/jd/financial-aid/fees-cost-of-attendance/
but remember that interest on student loans starts accruing after 1L. so, after 1L, you have $83K of outstanding student loans, at a weighted average interest rate of 7.5%, and year two you have $166K, so by the time you graduate you already have around $40K of accrued interest.
total outstanding debt at graduation: $290K at 7.5% |
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Date: October 24th, 2016 4:39 PM Author: Clear zippy filthpig church building i thought certain govt loans dont accrue interest during law school? is that hte subsidized vs unsubsidized stuff? (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717004) |
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Date: October 24th, 2016 4:41 PM Author: ocher mother yes, but starting in 2012 all graduate student direct loans are 100% unsubsidized. before 2012, used to be something like $6,500 were subsidized, the rest unsubsidized at a lower interest rate (6.8%) up to $20.5K, the remainder GradPLUS at 7.9%. on the subsidized portion they paid the interest while you were in school. $6.5K out of $83K is pretty insignificant though, and any way, it's irrelevant now. (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717017) |
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Date: October 24th, 2016 4:43 PM Author: Clear zippy filthpig church building gotcha. but you can PAYE all this shit anyway right? incentives are totally aligned for everyone, thanks obama (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717021) |
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Date: October 24th, 2016 4:46 PM Author: ocher mother yup, PAYE. just an additional 10% income tax for the next 20 years. no big deal. think of it like paying tribute to your boomer overlords. it will end in your early 50's, which coincidentally is around when the last of the boomers will die. (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717042) |
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Date: October 24th, 2016 4:46 PM Author: Clear zippy filthpig church building (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717046) |
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Date: October 24th, 2016 4:51 PM Author: Brass Heaven Death Wish (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717076) |
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Date: October 24th, 2016 9:27 PM Author: Aphrodisiac bistre range yeah, blow up your retirement account, pay a 10% penalty, and get the wrath of hell thrown at you. overpay for a college degree, lose 10% of your income for your entire youth, get patted on the back.
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Date: October 24th, 2016 9:11 PM Author: chrome mischievous skinny woman address there's a huge tax bomb with PAYE
so if you have like 2 million forgiven...good luck paying 700,000 in tax forgiveness... |
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Date: October 24th, 2016 9:43 PM Author: ocher mother at that point it's time to declare bankruptcy and Offer In Compromise that shit. you've had 20 years to shift all assets to your wife, kids or other relatives. (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31719326) |
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Date: October 24th, 2016 9:46 PM Author: racy charcoal locus Don't you get in-state after a year or two in California? (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31719352) |
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Date: October 24th, 2016 4:46 PM Author: Appetizing business firm halford ljl amerikkka, but at least u got 40b destroyers and fighter jets that dont work (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717040) |
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Date: October 24th, 2016 4:52 PM Author: ocher mother so you graduate with $290K at 7.5%. that means your interest payments alone each year are about $19K. no student loan interest deduction and those are paid with after-tax money. so just to break even on the interest payments, going to law school needs to increase your earning potential by at least $30K. if you ever want to pay it off, you need to make at least $50K above what you would make without a law degree, and it'll still take 30 years.
for it to make financial sense, law school needs to realistically add at least $100K to your yearly earning potential. even then, in biglaw, you have at least 6 years if you live like a miser of simply paying your debt off, otherwise living the same as if you made $45K per year. longer in higher COL areas. 10 years if you live somewhat normally, but don't buy a house or start a family. longer if you want to do either of those things. |
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Date: October 24th, 2016 4:52 PM Author: Brass Heaven Death Wish PAYEEEEE (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717087) |
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Date: October 24th, 2016 5:08 PM Author: Aphrodisiac bistre range fuck paye, fuck everyone. no one should pay that much to go to law school. even if you were guaranteed a biglaw spot and no one is it would still be a questionable decision.
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Date: October 24th, 2016 5:00 PM Author: Fragrant ticket booth roommate Crazy. Start law school, get big law, and after about 8 years from when you started you might be back to even. (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717147) |
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Date: October 24th, 2016 5:01 PM Author: ocher mother except you left biglaw around year 4 or 5 when you were forced out, now have in-house at $150K and are still paying on your loans 10 years later. (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717154) |
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Date: October 24th, 2016 5:03 PM Author: Clear zippy filthpig church building just do 250k in house bro (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717182) |
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Date: October 24th, 2016 5:04 PM Author: poppy chad becky This leads to the fantasies of trading places with the gardener who gets to be outside and chill with the other gardenerbros at lunch (of wholesome homemade food prepared according to generations-old family recipes, btw), or driving by the projects and seeing nicer cars and people watching nicer TVs than yours in the middle of the day. (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717183) |
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Date: October 24th, 2016 5:06 PM Author: ocher mother http://xoxohth.com/thread.php?thread_id=2524275&mc=50&forum_id=2 (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717205) |
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Date: October 24th, 2016 5:12 PM Author: poppy chad becky Apparently I'm ~10 years too old for California Conservation Corps. (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31717243) |
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Date: October 24th, 2016 9:09 PM Author: ocher mother (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31718993) |
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Date: October 24th, 2016 9:15 PM Author: marvelous liquid oxygen Boalt is $83K/year. You get a 5% discount for instate lol.
https://www.law.berkeley.edu/admissions/jd/financial-aid/fees-cost-of-attendance/ |
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Date: October 24th, 2016 9:17 PM Author: Insanely creepy parlor shit is crazy - if i have a kid i won't let them do that unless i can pay some of it (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31719079) |
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Date: October 24th, 2016 9:45 PM Author: flushed stubborn field what's insane is when you see BAs that are like 250K
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Date: October 24th, 2016 9:45 PM Author: flushed stubborn field REALITY: at t14s, MANY if not MOST students are RICH, they don't have debt, others have schollys, but then yes you have median kids with like 150K in debt (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31719344) |
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Date: October 24th, 2016 9:53 PM Author: marvelous liquid oxygen cr (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31719410) |
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Date: October 24th, 2016 9:54 PM Author: chrome mischievous skinny woman address true, but it's still a stupid way to use your parents' money
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Date: October 24th, 2016 9:55 PM Author: flushed stubborn field rofl almost no one can truly use money to do shit, most people don't have good "biz skills" and lawyers in particular, just want a backdoor into a "prestige" life
god damn this shit is so fucking SICK and SAD |
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Date: October 24th, 2016 9:55 PM Author: ocher mother top 10% law review at T14, but you borrowed and paid sticker. are you smart? (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31719439) |
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Date: October 24th, 2016 10:28 PM Author: dashing seedy travel guidebook whorehouse FMA! (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31719856) |
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Date: October 24th, 2016 10:07 PM Author: mentally impaired gaming laptop legend Why would you want to pay $240k to live in a shitty town for 3 years, to go to a law school that is located in a shitty town, and to do absolutely nothing for 3 years except read in a shitty library that is located in a shitty town? Makes absolutely no sense (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31719563) |
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Date: October 24th, 2016 10:29 PM Author: ocher mother (egregious JJC trolling) (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31719863) |
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Date: October 24th, 2016 10:31 PM Author: Magical location sandwich Look at all their SCOTUS clerks! (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#31719890) |
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Date: February 19th, 2018 12:19 PM Author: Clear zippy filthpig church building (http://www.autoadmit.com/thread.php?thread_id=3397501&forum_id=2#35436894) |