Reminder: Sticker debt at Columbia Law School is $325,000 Forum

[stellina]

That's $470,000 over the course of 10 years.

just lol

nancy reagan that shit

[TheodoreKGB]

.

[DiniMae]

These posts make me thankful for the GI Bill

[muskies970]

lol where are you getting those numbers from?

[Ramius]

These posts make me thankful for the GI Bill

In that case, George W. that shit

[muskies970]

it does not cost $108,000 a year to attend Columbia good try though

[stellina]

it does not cost $108,000 a year to attend Columbia good try though

it's a good thing you're going to law school.

[Elston Gunn]

it does not cost $108,000 a year to attend Columbia good try though

(has never heard of interest or origination fees)

[stellina]

The Ivy League is priceless, bro.

just waiting for like 5-6 cycles from now when it pops the $400k cherry.

[bearsfan23]

it does not cost $108,000 a year to attend Columbia good try though

(has never heard of interest or origination fees)

(is still wrong)

There are like 3 posters on TLS that actually understand financial aid/loans.

Origination fees are taken out of the base of the loan itself, not added on. Also, given that PAYE exists, there is ZERO reason to allow interest to accrue like that, unless you just enjoy debt or something.

[Ramius]

it does not cost $108,000 a year to attend Columbia good try though

(has never heard of interest or origination fees)

(is still wrong)

There are like 3 posters on TLS that actually understand financial aid/loans.

Origination fees are taken out of the base of the loan itself, not added on. Also, given that PAYE exists, there is ZERO reason to allow interest to accrue like that, unless you just enjoy debt or something.

PAYE only works if it stays. Also doesn't account for the tax bomb.

[stellina]

it does not cost $108,000 a year to attend Columbia good try though

(has never heard of interest or origination fees)

(is still wrong)

There are like 3 posters on TLS that actually understand financial aid/loans.

Origination fees are taken out of the base of the loan itself, not added on. Also, given that PAYE exists, there is ZERO reason to allow interest to accrue like that, unless you just enjoy debt or something.

Never taken out a student loan, but that sounds absurdly wrong. The origination fee is a fee, no? As in is added to the loan? Why would a school reduce their tuition bc someone was paying for it with loaned money?

[Elston Gunn]

it does not cost $108,000 a year to attend Columbia good try though

(has never heard of interest or origination fees)

(is still wrong)

There are like 3 posters on TLS that actually understand financial aid/loans.

Origination fees are taken out of the base of the loan itself, not added on. Also, given that PAYE exists, there is ZERO reason to allow interest to accrue like that, unless you just enjoy debt or something.

I didn't fact-check OP, but LST says it's $313K at repayment. Are you planning on paying off the interest during law school? You're right about how the origination fees are taken out, but they're still part of the cost.

[ilikebaseball]

most unnecessary instigation thread these eyes have ever seen

[stellina]

it does not cost $108,000 a year to attend Columbia good try though

(has never heard of interest or origination fees)

(is still wrong)

There are like 3 posters on TLS that actually understand financial aid/loans.

Origination fees are taken out of the base of the loan itself, not added on. Also, given that PAYE exists, there is ZERO reason to allow interest to accrue like that, unless you just enjoy debt or something.

I didn't fact-check OP, but LST says it's $313K at repayment. Are you planning on paying off the interest during law school? You're right about how the origination fees are taken out, but they're still part of the cost.

LST hasn't updated their numbers yet. They're still using tuition estimates for current 1Ls.

[TheSpanishMain]

These posts make me thankful for the GI Bill

[stellina]

most unnecessary instigation thread these eyes have ever seen

new 0Ls need new reminders that sticker debt is stupid

because they typically don't understand it on their own

[ilikebaseball]

I'm sure 0L's can figure out debt without making a thread of the most extreme example imaginable.

[stellina]

I'm sure 0L's can figure out debt without making a thread of the most extreme example imaginable.

Ok, well sticker debt at *cheapest T14 law school* Duke is $295,000. Better?

[Ramius]

I'm sure 0L's can figure out debt without making a thread of the most extreme example imaginable.

Ok, well sticker debt at *cheapest T14 law school* Duke is $295,000. Better?

If only there were a readily available calculator for debt repayment...

Oh wait, search Georgetown Law's debt calculator, and enjoy

[stellina]

I'm sure 0L's can figure out debt without making a thread of the most extreme example imaginable.

Ok, well sticker debt at *cheapest T14 law school* Duke is $295,000. Better?

If only there were a readily available calculator for debt repayment...

Oh wait, search Georgetown Law's debt calculator, and enjoy

I think they took it down, actually
Tbf this is the better one: http://www.top-law-schools.com/forums/v ... 1&t=225195

I was more going for the "don't do it, dummy" factor tho

[Desert Fox]

Jfc law students are done here.

[Mack.Hambleton]

But I already ED'd

[stellina]

But I already ED'd

shoulda stuck with that full ride

also ljl at paye somehow negating this fuckedoverness. only way out is grind away or pslf. even if they do change the tax bomb, it won't be for everyone. no way in hell a six-fig lawyer bro is getting that tax break.

[15 styx]

Also doesn't account for the tax bomb.

Tax bomb? Plz explain.