Paying off 200k/300k debt on big law salary

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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A. Nony Mouse
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Re: Paying off 200k/300k debt on big law salary

Postby A. Nony Mouse » Fri May 23, 2014 9:31 pm

MyopicVisage wrote:I'm just curious. How do you accrue more than 200k of debt? Most banks I talked to have an aggregate loan limit of around 180k for law school. And this includes everything you've borrowed (private and federal).

The federal government makes loans up to the cost of attendance. Plenty of schools now cost $200k+ to attend.

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jkhalfa
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Re: Paying off 200k/300k debt on big law salary

Postby jkhalfa » Fri May 23, 2014 9:54 pm

Do any of you guys have significant UG debt? I'm going to graduate with ~$50k and I'm wondering if I should just shoot myself / flee the country now instead of waiting until after law school.

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almondjoy
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Re: Paying off 200k/300k debt on big law salary

Postby almondjoy » Sun May 25, 2014 3:34 am

jkhalfa wrote:Do any of you guys have significant UG debt? I'm going to graduate with ~$50k and I'm wondering if I should just shoot myself / flee the country now instead of waiting until after law school.

I'm gonna have ~100k UG debt. I loved where I went to school and I loved my time there but man...

Learn_Live_Hope
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Re: Paying off 200k/300k debt on big law salary

Postby Learn_Live_Hope » Sun May 25, 2014 6:48 pm

jkhalfa wrote:Do any of you guys have significant UG debt? I'm going to graduate with ~$50k and I'm wondering if I should just shoot myself / flee the country now instead of waiting until after law school.


Hm…thats not bad. Most of my friends have around 50K in debt.

AllTheLawz
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Re: Paying off 200k/300k debt on big law salary

Postby AllTheLawz » Sun May 25, 2014 8:37 pm

Learn_Live_Hope wrote:
jkhalfa wrote:Do any of you guys have significant UG debt? I'm going to graduate with ~$50k and I'm wondering if I should just shoot myself / flee the country now instead of waiting until after law school.


Hm…thats not bad. Most of my friends have around 50K in debt.


Knew a guy with 150k from UG and another 200k from law school. So screwed.

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jkhalfa
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Re: Paying off 200k/300k debt on big law salary

Postby jkhalfa » Sun May 25, 2014 9:10 pm

Idk if I made the right choice with undergrad or not. I get a decent scholarship at a well-regarded (but expensive) public school in my state, but I probably could have done college debt-free if I had lived with my parents and commuted to a local state school. 20/20 hindsight I guess. Eighteen-year-olds really aren't qualified to make life-changing financial decisions like this, or at least I wasn't.

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t-14orbust
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Re: Paying off 200k/300k debt on big law salary

Postby t-14orbust » Sun May 25, 2014 9:13 pm

jkhalfa wrote:Idk if I made the right choice with undergrad or not. I get a decent scholarship at a well-regarded (but expensive) public school in my state, but I probably could have done college debt-free if I had lived with my parents and commuted to a local state school. 20/20 hindsight I guess. Eighteen-year-olds really aren't qualified to make life-changing financial decisions like this, or at least I wasn't.

Don't worry, I chose to major in political science, so obviously I wasn't qualified to make any decisions of import either.

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charles117
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Re: Paying off 200k/300k debt on big law salary

Postby charles117 » Mon Apr 03, 2017 12:03 am

yikes folks

us3rnam3
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Re: Paying off 200k/300k debt on big law salary

Postby us3rnam3 » Tue Apr 04, 2017 12:51 pm

jkhalfa wrote:Idk if I made the right choice with undergrad or not. I get a decent scholarship at a well-regarded (but expensive) public school in my state, but I probably could have done college debt-free if I had lived with my parents and commuted to a local state school. 20/20 hindsight I guess. Eighteen-year-olds really aren't qualified to make life-changing financial decisions like this, or at least I wasn't.


I made the same dumb decisions. 10/10 someone should have intervened for us.




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