Fordham v GW ($) vs Wake ($) [No Retake Advice]

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zot1

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby zot1 » Sun Apr 09, 2017 1:14 pm

As many have pointed out, there are just way too many factors outside of your control to determine how well you will do. This is all complicated even more by the fact that your grade is generally based on one exam.

If you read (or miss) one fact incorrectly, you could miss 30% of your grade and be done with. I've had peers who's (insert important family member) died before an exam. I know people who've gotten the flu during exams. Etc. etc. And just in case you're wondering, you can't go back to your professor and ask for extra credit when things go south.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby grades?? » Sun Apr 09, 2017 1:26 pm

zot1 wrote:As many have pointed out, there are just way too many factors outside of your control to determine how well you will do. This is all complicated even more by the fact that your grade is generally based on one exam.

If you read (or miss) one fact incorrectly, you could miss 30% of your grade and be done with. I've had peers who's (insert important family member) died before an exam. I know people who've gotten the flu during exams. Etc. etc. And just in case you're wondering, you can't go back to your professor and ask for extra credit when things go south.


For more stories, I was hospitalized for a while second semester 1l. I asked for some accommodation, and the school essentially said unless you are dying, nothing we can do (what accommodation I got was a nice email from the admin to my professors to try to record class for those few weeks so I could watch on my computer). One of my exams was 60% of the whole exam from 1 day my professor forgot to record class when I was in the hospital. Shit outta luck for me when I got crushed.

Also, there is a lot of variation on how professors grade and set medians (at some schools). There are extensive posts elsewhere explaining this. But one section might have professors who set 50% at median. Another section might have professors who set 60% or 40% at median. If you are in the wrong section, you might be below median where if you were in another section, you would be in the top 40% or so of the class. Purely based on discretion in setting the median. So yeah, it does involve luck at some level.

I hope you don't get sick and have what happened to me. I went from top 30% my 1st semester to below median because of my second semester grades- all because I got hospitalized for an infection I couldn't predict. It happens.

Edit: Im lucky I took the advance of this website and retook. I was looking at similar options and decided to retake. I got a big scholarship at a t13 where my grades didn't affect my OCI chances too much and I was able to land a biglaw gig in my desired market. If it wasn't for listening to this website years ago, I would have been in a WAY worse position. Go to a school where you feel comfortable with the median outcome. Because what happened to me might happen to you.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby johnnysacks » Sun Apr 09, 2017 9:25 pm

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby grades?? » Sun Apr 09, 2017 9:30 pm

johnnysacks wrote:Thank you all for the responses, its been very insightful and helpful in terms of making future plans and of course checking my ego. My next series of questions is about LRAP and Federal Loans forgiveness programs. Will those save me? Presumably if I graduate around median at Fordham with 180K loans and have a 50K per year LRAP/CCRA eligible public interest job will life still suck egregiously? I heard that the CCRA makes it that if you work for the govt full time for 10 years, they will forgive any federal loans that you still have outstanding. Is this a workable strategy? What exactly is IBR and how does it work? I'm fairly young so its very difficult to imagine just how life crushing and soul destroying six figure debt is. If anyone could chime in with some serious anecdotes or great articles explaining the real life of impacts of that level of debt that would be much appreciated. And of course whether existing loan repayment and public interest assistant options can make life bearable assuming such a debt load.


Im no expert on any of this so I will defer to more knowledgeable people. But fyi, there is at least a decent movement to get rid of some of the loan repayment plans by the current administration. So you should not count on those options.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby Johann » Sun Apr 09, 2017 10:32 pm

johnnysacks wrote:Wake CoA - 66K
Fordham CoA - 83K
GW CoA - 85K

My thinking is I'm going to have to have top tier grades to get biglaw from any of these schools. If I get top tier grades at Wake can't I just transfer?


17k is nothing over the course of a career. go to the school that maximizes your chances of biglaw if thats your goal. id start forming some ties to one of the city schools though imo.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby Johann » Sun Apr 09, 2017 10:34 pm

johnnysacks wrote:Thank you all for the responses, its been very insightful and helpful in terms of making future plans and of course checking my ego. My next series of questions is about LRAP and Federal Loans forgiveness programs. Will those save me? Presumably if I graduate around median at Fordham with 180K loans and have a 50K per year LRAP/CCRA eligible public interest job will life still suck egregiously? I heard that the CCRA makes it that if you work for the govt full time for 10 years, they will forgive any federal loans that you still have outstanding. Is this a workable strategy? What exactly is IBR and how does it work? I'm fairly young so its very difficult to imagine just how life crushing and soul destroying six figure debt is. If anyone could chime in with some serious anecdotes or great articles explaining the real life of impacts of that level of debt that would be much appreciated. And of course whether existing loan repayment and public interest assistant options can make life bearable assuming such a debt load.


oh i just got here. didnt realize these are yearly costs. yeah if you have a 50k job you pay about $150/month in loan repayment max under PAYE. you should probably research PAYE a lot. sometimes LRAP (depending on the program) covers that cost for you.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby Npret » Sun Apr 09, 2017 10:54 pm

johnnysacks wrote:Thank you all for the responses, its been very insightful and helpful in terms of making future plans and of course checking my ego. My next series of questions is about LRAP and Federal Loans forgiveness programs. Will those save me? Presumably if I graduate around median at Fordham with 180K loans and have a 50K per year LRAP/CCRA eligible public interest job will life still suck egregiously? I heard that the CCRA makes it that if you work for the govt full time for 10 years, they will forgive any federal loans that you still have outstanding. Is this a workable strategy? What exactly is IBR and how does it work? I'm fairly young so its very difficult to imagine just how life crushing and soul destroying six figure debt is. If anyone could chime in with some serious anecdotes or great articles explaining the real life of impacts of that level of debt that would be much appreciated. And of course whether existing loan repayment and public interest assistant options can make life bearable assuming such a debt load.

Knew you would go to Fordham anyway.
Don't assume a PSLF job either. The path to those jobs and do big law are divergent to say the least.
Why you refuse to retake and go to a better school is not something I understand. But, hey, good luck! Follow your dreams!

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby johnnysacks » Sun Apr 09, 2017 11:02 pm

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby grades?? » Sun Apr 09, 2017 11:05 pm

johnnysacks wrote:
Npret wrote:
johnnysacks wrote:Thank you all for the responses, its been very insightful and helpful in terms of making future plans and of course checking my ego. My next series of questions is about LRAP and Federal Loans forgiveness programs. Will those save me? Presumably if I graduate around median at Fordham with 180K loans and have a 50K per year LRAP/CCRA eligible public interest job will life still suck egregiously? I heard that the CCRA makes it that if you work for the govt full time for 10 years, they will forgive any federal loans that you still have outstanding. Is this a workable strategy? What exactly is IBR and how does it work? I'm fairly young so its very difficult to imagine just how life crushing and soul destroying six figure debt is. If anyone could chime in with some serious anecdotes or great articles explaining the real life of impacts of that level of debt that would be much appreciated. And of course whether existing loan repayment and public interest assistant options can make life bearable assuming such a debt load.

Knew you would go to Fordham anyway.
Don't assume a PSLF job either. The path to those jobs and do big law are divergent to say the least.
Why you refuse to retake and go to a better school is not something I understand. But, hey, good luck! Follow your dreams!



Doesn't Big Law only care about top tier grades and OCI? Whereas public interest jobs want to see law review/moot court/mock trial and clinical work? They don't seem like mutually exclusive things.


You really need to spend some time looking into these careers. Go talk to people who have done biglaw and others who went the public interest route. You truly have no idea what you are about to jump into for an extremely high cost. You need to take a year, go do something for work, retake, and spend the year or two having coffee/lunch/whatever with professionals (or better yet go be a paralegal). You are about to pay A LOT of money when you have no idea what these jobs even require or do.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby johnnysacks » Sun Apr 09, 2017 11:14 pm

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby Rigo » Sun Apr 09, 2017 11:43 pm

johnnysacks wrote:Was I incorrect about my understanding of what these jobs require? Does Biglaw NOT require top grades and mainly do their selection at OCI? Does PSLF NOT value clinical work, law review, and moot court?

Biglaw will require top grades from these schools. They'll probably want/highly value law review too.
PSLF doesn't value anything. It's a debt forgiveness program. Public interest employers will want to see dedication to whatever their mission is. Clinics are a good way to get experience and client interaction. You should really be externing during the school year to get your foot in the door with PI/govt orgs and agencies and also beef up your resume and skills.

If you have more specific PI/govt career paths you're interested in, check out the legal employment forum and read up on what you should do in law school and what they look for in hiring.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby Npret » Mon Apr 10, 2017 7:45 am

johnnysacks wrote:
Npret wrote:
johnnysacks wrote:Thank you all for the responses, its been very insightful and helpful in terms of making future plans and of course checking my ego. My next series of questions is about LRAP and Federal Loans forgiveness programs. Will those save me? Presumably if I graduate around median at Fordham with 180K loans and have a 50K per year LRAP/CCRA eligible public interest job will life still suck egregiously? I heard that the CCRA makes it that if you work for the govt full time for 10 years, they will forgive any federal loans that you still have outstanding. Is this a workable strategy? What exactly is IBR and how does it work? I'm fairly young so its very difficult to imagine just how life crushing and soul destroying six figure debt is. If anyone could chime in with some serious anecdotes or great articles explaining the real life of impacts of that level of debt that would be much appreciated. And of course whether existing loan repayment and public interest assistant options can make life bearable assuming such a debt load.

Knew you would go to Fordham anyway.
Don't assume a PSLF job either. The path to those jobs and do big law are divergent to say the least.
Why you refuse to retake and go to a better school is not something I understand. But, hey, good luck! Follow your dreams!



Doesn't Big Law only care about top tier grades and OCI? Whereas public interest jobs want to see law review/moot court/mock trial and clinical work? They don't seem like mutually exclusive things.


If you want public interest you need to show commitment to that field through actual experience and often through volunteer work you have done even in college. It isn't simply a backup plan for people who miss out on biglaw.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby zot1 » Mon Apr 10, 2017 8:31 am

johnnysacks wrote:
Npret wrote:
johnnysacks wrote:Thank you all for the responses, its been very insightful and helpful in terms of making future plans and of course checking my ego. My next series of questions is about LRAP and Federal Loans forgiveness programs. Will those save me? Presumably if I graduate around median at Fordham with 180K loans and have a 50K per year LRAP/CCRA eligible public interest job will life still suck egregiously? I heard that the CCRA makes it that if you work for the govt full time for 10 years, they will forgive any federal loans that you still have outstanding. Is this a workable strategy? What exactly is IBR and how does it work? I'm fairly young so its very difficult to imagine just how life crushing and soul destroying six figure debt is. If anyone could chime in with some serious anecdotes or great articles explaining the real life of impacts of that level of debt that would be much appreciated. And of course whether existing loan repayment and public interest assistant options can make life bearable assuming such a debt load.

Knew you would go to Fordham anyway.
Don't assume a PSLF job either. The path to those jobs and do big law are divergent to say the least.
Why you refuse to retake and go to a better school is not something I understand. But, hey, good luck! Follow your dreams!



Doesn't Big Law only care about top tier grades and OCI? Whereas public interest jobs want to see law review/moot court/mock trial and clinical work? They don't seem like mutually exclusive things.


Public service cares about the things you mentioned plus commitment throughout law school. Public interest cares about your demonstrated commitment. Both definitely care about the school you go to.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby Johann » Tue Apr 11, 2017 12:33 am

Rigo wrote:
johnnysacks wrote:Was I incorrect about my understanding of what these jobs require? Does Biglaw NOT require top grades and mainly do their selection at OCI? Does PSLF NOT value clinical work, law review, and moot court?

Biglaw will require top grades from these schools. They'll probably want/highly value law review too.
PSLF doesn't value anything. It's a debt forgiveness program. Public interest employers will want to see dedication to whatever their mission is. Clinics are a good way to get experience and client interaction. You should really be externing during the school year to get your foot in the door with PI/govt orgs and agencies and also beef up your resume and skills.

If you have more specific PI/govt career paths you're interested in, check out the legal employment forum and read up on what you should do in law school and what they look for in hiring.


This.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby AT9 » Tue Apr 11, 2017 4:04 pm

OP, I'm a current Wake 3L so I'm happy to answer questions here or by PM.

Just confirming as someone on the ground that the advice here is generally right. The few people I know from Wake who got NYC biglaw were basically superstar students. Not just great grades and law review, but also very well-liked, successful at all kinds of clinics/extra curricular activities, etc. There just isn't much of a connection to NYC from Wake, so don't come here expecting to get it.

Biglaw is certainly possible, but, without an IP background, you'll probably need top 20ish% grades to have any shot at biglaw or federal clerkships. As others have said, most people at any half-way decent law school are pretty smart and driven. As such, even if you're smart and hard-working, you may not get the grades you want. (side note, last year's fed clerkship goose egg was an anomaly--we don't place tons of people into fed clerkships, but every other year there are some federal clerks).

To answer your question: people at median here (and at Fordham/GW) generally do get jobs as lawyers, and the bottom of the class tends to at least get full time jobs doing other stuff. But median people don't usually get NC midlaw or biglaw. Why? Because there are few true midlaw firms in NC and they hire small summer classes, so those firms can afford to be picky. And they want good grades and convincing evidence you'll stay here. Personal anecdote: I came to Wake from out of state hoping to stay here because I didn't want to move long-distance again. I got great grades 1L year and am a good interviewer, so I thought I'd be in perfect shape for NC biglaw offers--*trump voice* WRONG. I got more callbacks from biglaw firms out of state than I did in NC (maybe 5-6 callbacks, no offers). Fortunately I got biglaw elsewhere but it was still unpredictable.

So come to Wake if you're ok working as a lawyer in NC for 50-60K/year for probably a decent employer, but don't expect biglaw or NC midlaw. Go to Fordham if you want NYC biglaw that bad, though you should lurk in the "I hate my NYC biglaw life" threads before you make that call.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby johnnysacks » Tue Apr 11, 2017 9:39 pm

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby UVA2B » Tue Apr 11, 2017 9:56 pm

johnnysacks wrote:Appreciate all the responses but the crunch IS coming and so are the meteors. The universal consensus is that Fordham at sticker is financial suicide. But I'd like to hear more about WHY that level of debt is so crushing and demoralizing. You have to understand for a lot of wide young eyed students who are either J-KD or have relatively little experience in the outside world, 180K debt upon graduation just sounds like a big number. Its hard to dissuade many of us from taking that leap of faith with the hope of Biglaw when the only thing against you is a seemingly large imaginary number. How does that level of debt impact quality of life and ability to do things? Why is it so soul crushing, defeating, and ruinous as many on JD Underground, Reddit, and TLS lament to hordes of overly optimistic T50 snowflakes. Help me out here guys, I've read many blogs, articles, and posts on this subject but it sounds difficult to fathom why that level of debt isn't worth a 30%ish shot at the big leagues.


It's really pretty simple: sticker at Fordham is usually way more than what you're estimating, but even assuming $180k is the debt amount, you're looking at repayment of $3000/month on a standard 10-year repayment plan. And while that'll be serviceable IF you get biglaw, it requires you stay in employment that pays that well for the entirety of that 10 years. Do you know what attrition rates are like in biglaw? Some leave as early as 2 years, most will be gone by year 5 due to the stress of the job plus working in a highly leveraged business model that essentially relies on associates leaving the firm. So IF you manage to get biglaw, you're looking at trying to find something to lateral out to when you attrition more than likely gets you, and that could come with a pretty significant pay cut.

Now let's look at the much more likely scenario: you take on $180k debt and miss out on biglaw. Now you're stuck under a debt cloud for a minimum of 20 years on PAYE while interest accrues and effectively hamstrings your entire financial profile for easily half of your working life. You will forever be clouded by that debt with little recourse because you missed the big paying jobs and were forced into small firm work that pays $45-65k (if we're talking NYC it'll be on the higher side, but still). Picking between servicing that debt on your $4-5k/month salary and living under that debt while doing a job you took because your desired outcome didn't work out sounds pretty depressing, doesn't it?

ETA: $3000/month was a little high because I was thinking of actual sticker vice your calculation. $2000/month is a better estimate
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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby Npret » Tue Apr 11, 2017 10:01 pm

johnnysacks wrote:Appreciate all the responses but the crunch IS coming and so are the meteors. The universal consensus is that Fordham at sticker is financial suicide. But I'd like to hear more about WHY that level of debt is so crushing and demoralizing. You have to understand for a lot of wide young eyed students who are either J-KD or have relatively little experience in the outside world, 180K debt upon graduation just sounds like a big number. Its hard to dissuade many of us from taking that leap of faith with the hope of Biglaw when the only thing against you is a seemingly large imaginary number. How does that level of debt impact quality of life and ability to do things? Why is it so soul crushing, defeating, and ruinous as many on JD Underground, Reddit, and TLS lament to hordes of overly optimistic T50 snowflakes. Help me out here guys, I've read many blogs, articles, and posts on this subject but it sounds difficult to fathom why that level of debt isn't worth a 30%ish shot at the big leagues.

Figure out what your monthly loan payment will be. A quick calculation showed a monthly payment of over $2000 a month for 10 years. My estimate is probably low. How are you going to handle that? What job will you have? How would you pay that now?

I'm not sure why the burden is on us to convince to talk you out of massive debt with no sure employment outcome in an oversaturated market in a grossly oversaturated profession. (Just FYI most lawyers in NYC are solo practitioners or work in small firms despite all the biglaw talk here.)

I'm fairly convinced you won't listen anyway because I've seen it so many times. So you do you. At least you got a good, clear heads up about what you could face.

Here's Campos' take on trap schools and I'm not sure much has changed in 5 years except tuition and COL are higher
http://insidethelawschoolscam.blogspot. ... s.html?m=1

You just need to face you might not get what you want and you can take responsibility for that because you refuse to consider a retake. So it's all on you.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby Pomeranian » Tue Apr 11, 2017 10:11 pm

FYI, sticker at fordham is not 180K it's more like 300k if you factor in COL.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby Npret » Tue Apr 11, 2017 10:18 pm

Pomeranian wrote:FYI, sticker at fordham is not 180K it's more like 300k if you factor in COL.

Yes I'm not sure how he calculated.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby johnnysacks » Tue Apr 11, 2017 10:21 pm

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby grades?? » Tue Apr 11, 2017 10:23 pm

johnnysacks wrote:
Npret wrote:
Pomeranian wrote:FYI, sticker at fordham is not 180K it's more like 300k if you factor in COL.

Yes I'm not sure how he calculated.


Fordham costs 85K per year including tuition and cost of living. I'm getting 20K in grant money which means the rest would be debt financed. That's 65K. 65K times three for three years of law school is 195K. So it should be 195K not 180K my apologies but I'm not sure how it would be 300K.


You aren't factoring in the interest accruing. Look at debt repayment calculators. That 200k rapidly turns into 300k with interest bud.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby carasrook » Tue Apr 11, 2017 11:03 pm

johnnysacks wrote:Appreciate all the responses but the crunch IS coming and so are the meteors. The universal consensus is that Fordham at sticker is financial suicide. But I'd like to hear more about WHY that level of debt is so crushing and demoralizing. You have to understand for a lot of wide young eyed students who are either J-KD or have relatively little experience in the outside world, 180K debt upon graduation just sounds like a big number. Its hard to dissuade many of us from taking that leap of faith with the hope of Biglaw when the only thing against you is a seemingly large imaginary number. How does that level of debt impact quality of life and ability to do things? Why is it so soul crushing, defeating, and ruinous as many on JD Underground, Reddit, and TLS lament to hordes of overly optimistic T50 snowflakes. Help me out here guys, I've read many blogs, articles, and posts on this subject but it sounds difficult to fathom why that level of debt isn't worth a 30%ish shot at the big leagues.


i don't want to get all high and mighty because i'm a 0L consistently *seeking* advice, not giving it, but i thought i'd share my rationale for being extremely debt averse. i have friends who feel like school debt is 'good debt', and justify grad school debt by feeling like "ay, i'm already in debt, why not pile on some more!" i think this comes from student debt becoming so commonplace nowadays, and also some plain naivety. don't be one of those people! recognize the consequences of your choices. don't think of it as an imaginary number.

if the abstract idea of a large amount of debt isn't enough to scare you, here are some concrete examples:

you will not have a guilt-free vacation until you pay it off.
you will not be able to rent an apartment without thinking about how much better of an apartment you could have if you didn't have student loan payments.
you will have to explain to your future spouse that you are putting him/her in $200-$300k of debt to marry you.
if you get biglaw, and hate it, you will not be able to quit because you will be bound to your salary by your debt.
if you do not get biglaw, you will have to take whatever job you can that will pay you enough to make your monthly loan payments. this is a complete lack of freedom, and could very well ruin your sense of autonomy and happiness.
if you cannot get a legal job at all, and have to take a non-legal job, you will be in $200k-$300k of debt, making $1,000+ payments monthly for a degree you are not even using.
you, and you alone (+maybe a spouse i suppose), will be responsible for this debt until it is gone. it will weigh on you every day, and it could follow you until you die.

sorry to be a bummer, but debt is a bummer.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby cavalier1138 » Wed Apr 12, 2017 5:56 am

johnnysacks wrote:Appreciate all the responses but the crunch IS coming and so are the meteors. The universal consensus is that Fordham at sticker is financial suicide. But I'd like to hear more about WHY that level of debt is so crushing and demoralizing. You have to understand for a lot of wide young eyed students who are either J-KD or have relatively little experience in the outside world, 180K debt upon graduation just sounds like a big number. Its hard to dissuade many of us from taking that leap of faith with the hope of Biglaw when the only thing against you is a seemingly large imaginary number. How does that level of debt impact quality of life and ability to do things? Why is it so soul crushing, defeating, and ruinous as many on JD Underground, Reddit, and TLS lament to hordes of overly optimistic T50 snowflakes. Help me out here guys, I've read many blogs, articles, and posts on this subject but it sounds difficult to fathom why that level of debt isn't worth a 30%ish shot at the big leagues.


If you honestly can't fathom why six figures of debt on a 30% shot at being able to pay it off in 10 years is a bad thing, then you shouldn't be going to law school. You should take some time to work, pay your own rent, and idly wonder how you would possibly be able to handle doing all of that with a soul-crushing amount of debt hanging over your head.

This is one of the reasons that I strongly recommend any K-JD without stellar options takes time off. You likely have no idea what you really want to do with your life. You sound like you don't know how personal finances work on a practical level. And you've just never had the experience of living in a non-academic world. Your life and mind will be greatly enriched by supporting yourself for a couple of years, and if you still want to go to law school after that, it's not going anywhere.

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Re: Fordham v GW ($) vs Wake ($) [No Retake Advice]

Postby Npret » Wed Apr 12, 2017 8:50 am

grades?? wrote:
johnnysacks wrote:
Npret wrote:
Pomeranian wrote:FYI, sticker at fordham is not 180K it's more like 300k if you factor in COL.

Yes I'm not sure how he calculated.


Fordham costs 85K per year including tuition and cost of living. I'm getting 20K in grant money which means the rest would be debt financed. That's 65K. 65K times three for three years of law school is 195K. So it should be 195K not 180K my apologies but I'm not sure how it would be 300K.


You aren't factoring in the interest accruing. Look at debt repayment calculators. That 200k rapidly turns into 300k with interest bud.


Not only interest but origination fees and the fact COA goes up every year.

Did no one link you to the Georgetown calculator?
http://apps.law.georgetown.edu/FinAidCa ... 7%20v1.htm

Using that app starting with $65,000 I get $237,007 debt at repayment. You don't start paying for a 6 month grace period but interest continues to accrue. Interest starts accusing on grad while you are in school.

That's $57,000 more than you thought
Monthly payment for 10 years is $2697
Monthly for 25 years is $1608



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