UG Debtors Club

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JJDancer
Posts: 1564
Joined: Sun Jul 26, 2009 7:41 pm

Re: UG Debtors Club

Postby JJDancer » Fri Feb 04, 2011 12:27 am

SO and I both have a combined 150K+ UG debt.

Cost is definitely a factor but since I can't move around too much (SO just got a job in xcity so must a) get into one of the schools there and b) grab as much $$ as possible from them)
Would not be willing to get more than 130K in debt for LS.

The schools in xcity cost about 70K/year at sticker (including col).

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fatduck
Posts: 4186
Joined: Mon Sep 13, 2010 10:16 pm

Re: UG Debtors Club

Postby fatduck » Fri Feb 04, 2011 12:30 am

the title of this thread should be "UG Debtors Prison"

I actually got paid to go to my first two years of UG :D I'll graduate with about 15k, nothing serious

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The Stig
Posts: 567
Joined: Sat Oct 30, 2010 12:27 pm

Re: UG Debtors Club

Postby The Stig » Fri Feb 04, 2011 12:34 am

I'm joining this club! The amount of UG debt I will have is significant for me, but will most likely be around 20% of debt I have coming out of LS... :roll:

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Law Sauce
Posts: 923
Joined: Mon Nov 15, 2010 2:21 pm

Re: UG Debtors Club

Postby Law Sauce » Fri Feb 04, 2011 12:37 am

JJDancer wrote:SO and I both have a combined 150K+ UG debt.


That is what's up! You should get to be a club officer or something.

Informative
Posts: 429
Joined: Mon Apr 05, 2010 6:10 pm

Re: UG Debtors Club

Postby Informative » Fri Feb 04, 2011 12:39 am

Keep in mind your UG debt will grow while interest builds in law school.

HowdyYall
Posts: 444
Joined: Thu Oct 28, 2010 8:49 pm

Re: UG Debtors Club

Postby HowdyYall » Fri Feb 04, 2011 12:41 am

The Stig wrote:I'm joining this club! The amount of UG debt I will have is significant for me, but will most likely be around 20% of debt I have coming out of LS... :roll:


im about in the same situation. not to worried about it since i plan on moving to mexico and joining up with the Sinaloa Cartel if I dont find a biglaw job to pay off my debt

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Law Sauce
Posts: 923
Joined: Mon Nov 15, 2010 2:21 pm

Re: UG Debtors Club

Postby Law Sauce » Fri Feb 04, 2011 12:41 am

Informative wrote:Keep in mind your UG debt will grow while interest builds in law school.



Haha, thanks informative.

But true, it is a good point, and a problem.

r6_philly
Posts: 10707
Joined: Sat Dec 19, 2009 4:32 pm

Re: UG Debtors Club

Postby r6_philly » Fri Feb 04, 2011 12:49 am

Law Sauce wrote:
Informative wrote:Keep in mind your UG debt will grow while interest builds in law school.



Haha, thanks informative.

But true, it is a good point, and a problem.


Rates are already lower than any other installment loan. Figure in the inflation it really isn't much.

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The Stig
Posts: 567
Joined: Sat Oct 30, 2010 12:27 pm

Re: UG Debtors Club

Postby The Stig » Fri Feb 04, 2011 12:50 am

Informative wrote:Keep in mind your UG debt will grow while interest builds in law school.


do you know by about how much it will? Most of it is govt loans...I should really look this up!

r6_philly
Posts: 10707
Joined: Sat Dec 19, 2009 4:32 pm

Re: UG Debtors Club

Postby r6_philly » Fri Feb 04, 2011 12:52 am

The Stig wrote:
Informative wrote:Keep in mind your UG debt will grow while interest builds in law school.


do you know by about how much it will? Most of it is govt loans...I should really look this up!


Subsidized don't incur interest (as long as you are enrolled halftime + 9 month grace period). Unsubsidized is 6.8%.

http://studentaid.ed.gov/PORTALSWebApp/ ... tloans.jsp

edited for clarity.




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