Looking for a number cruncher!

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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Renne Walker
Posts: 546
Joined: Sat Jan 29, 2011 2:12 am

Looking for a number cruncher!

Postby Renne Walker » Sun Jun 26, 2011 12:06 pm

Perhaps someone from a business school might offer their opinion.

Going to school in NYC. Tuition will run $100K. Figure I will need to borrow another $75K over three years (if possible, three $25K annual increments). Not calculating any income for summer (hope it materializes, but for now, saying zero).

In 2014 I am estimating my debt will be $175K. In hopes of a $150K Big Law posiiton in NYC. Using the Harvard calculator (available on-line to everyone), the numbers worked out pretty close to what I personally calculated. I plugged in 35% taxes (Fed, state and city tax). The Harvard calculator reported, after taxes/debt service I will clear $6,344 monthly. Close? Not Close? Eager for opinions. Many thanks.

Peeblepop
Posts: 49
Joined: Mon Jun 27, 2011 12:52 am

Re: Looking for a number cruncher!

Postby Peeblepop » Mon Jun 27, 2011 12:58 am

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Last edited by Peeblepop on Tue Jun 28, 2011 12:43 am, edited 1 time in total.

LSATPREPPER
Posts: 63
Joined: Thu Jan 20, 2011 10:35 pm

Re: Looking for a number cruncher!

Postby LSATPREPPER » Mon Jun 27, 2011 1:18 am

No help here! Thanks for the Harvard calculator. That is mildly entertaining to play with.

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Renne Walker
Posts: 546
Joined: Sat Jan 29, 2011 2:12 am

Re: Looking for a number cruncher!

Postby Renne Walker » Mon Jun 27, 2011 1:36 pm

'Yo. . .number crunchers. . .get to it. Thx!




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