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Re: Temple v. Pitt v. Drexel

Posted: Mon Apr 10, 2017 1:19 pm
by cavalier1138
uion1715 wrote:
cavalier1138 wrote:Take (at least) a year off. Retake the LSAT. Reapply.

None of these schools give you anything resembling a realistic chance at your career goals.

uion1715 wrote:Is government salary realistic in paying off that loan? Even on a $100k salary of AUSA (in year eight), that's 20-25% of your salary if you are on a 10-year repayment schedule.


Assuming PSLF is still around, government positions are covered. And if it isn't, a good LRAP program (OP, this is another reason to retake) will also help cover the payments.


Does PSLF work without IBR (OP has private loans so people weren't sure about IBR)?


Ohhh, I missed the bit about private loans. The undergraduate debt wouldn't be covered, so that would definitely be an issue.

Re: Temple v. Pitt v. Drexel

Posted: Tue Apr 11, 2017 12:27 am
by Johann
uion1715 wrote:So adding your undergrad debt and grad debt, you would have to pay somewhere around 1300-1700 a month for 10 years (or $700-1000 a month for 20 years) to pay off your loan.

Is government salary realistic in paying off that loan? Even on a $100k salary of AUSA (in year eight), that's 20-25% of your salary if you are on a 10-year repayment schedule.

EDIT: Missed your words about add. money, etc. I think my question is still valid?


Yeah but he 100k is still a cost outside of law school for her. shes been making payments on it fine for now, so seems like the answer is yes she can 700 a month on a 100k salary. People have the weirdest math for debt obligations on this site and making monthly payments. You realize you can also extend payment plans beyond 20 years right?

Re: Temple v. Pitt v. Drexel

Posted: Tue Apr 11, 2017 1:45 am
by beforethelaw
Deposit at Drexel, retake in June. If you don't improve, go to Drexel, if you do improve then wait it out a year unless you get a nice offer to a top school that's waitlisted you.

Drexel isn't a terrible option if (1) you have this job lined up after you graduate and (2) you're only taking out 4k in loans and (3) you are positive you want to be a lawyer.

You can't bank on getting biglaw at any of these schools, and Drexel is easily cheapest. Plus, their new employment numbers are at 75% for ft/lt bar-required jobs. Those odds are worth the opportunity cost.

Re: Temple v. Pitt v. Drexel

Posted: Tue Apr 11, 2017 8:00 am
by uion1715
Johann wrote:
uion1715 wrote:So adding your undergrad debt and grad debt, you would have to pay somewhere around 1300-1700 a month for 10 years (or $700-1000 a month for 20 years) to pay off your loan.

Is government salary realistic in paying off that loan? Even on a $100k salary of AUSA (in year eight), that's 20-25% of your salary if you are on a 10-year repayment schedule.

EDIT: Missed your words about add. money, etc. I think my question is still valid?


Yeah but he 100k is still a cost outside of law school for her. shes been making payments on it fine for now, so seems like the answer is yes she can 700 a month on a 100k salary. People have the weirdest math for debt obligations on this site and making monthly payments. You realize you can also extend payment plans beyond 20 years right?


I can't fathom trying to pay off student loan until I am 55+, but that's different taste for different folks, I guess (Also, 20-year repayment isn't that different from 30-year repayment).