43 year old graduate: Loan or Full Ride

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flounder
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43 year old graduate: Loan or Full Ride

Postby flounder » Wed Aug 18, 2010 9:04 pm

I can expect the answer but I will ask it anyway. I am looking to start school when I am 40.
Would you rather get a free ride at a mid 50 school or pay face at a top 10? Bearing in mind I am not looking to make work my life. $160K and 80 hour work weeks are definitely NOT what I want.

I can't justify paying face for a top 10 school and turning down a full ride at a lesser school. I just dont have as much time to pay off the loan as a 25 year old.

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Hannibal
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Re: 43 year old graduate: Loan or Full Ride

Postby Hannibal » Wed Aug 18, 2010 9:09 pm

Sounds like you've made your decision. If I were in your shoes I'd go with the full ride, and take a public interest job to help pay off COL loans.

IM0LO.

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Knock
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Re: 43 year old graduate: Loan or Full Ride

Postby Knock » Wed Aug 18, 2010 11:45 pm

flounder wrote:I can expect the answer but I will ask it anyway. I am looking to start school when I am 40.
Would you rather get a free ride at a mid 50 school or pay face at a top 10? Bearing in mind I am not looking to make work my life. $160K and 80 hour work weeks are definitely NOT what I want.

I can't justify paying face for a top 10 school and turning down a full ride at a lesser school. I just dont have as much time to pay off the loan as a 25 year old.


Agree with Hannibal above. Take the full ride for sure.

CanadianWolf
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Re: 43 year old graduate: Loan or Full Ride

Postby CanadianWolf » Wed Aug 18, 2010 11:47 pm

Is this an example of a rhetorical question ? I know that it isn't intended, but it might as well be because the answer is so obvious.

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IAFG
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Re: 43 year old graduate: Loan or Full Ride

Postby IAFG » Wed Aug 18, 2010 11:48 pm

If I didn't want biglaw or to have debt I would not attend LS

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Stanford4Me
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Re: 43 year old graduate: Loan or Full Ride

Postby Stanford4Me » Thu Aug 19, 2010 12:03 am

IAFG wrote:If I didn't want biglaw or to have debt I would not attend LS

ftfy

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acrossthelake
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Re: 43 year old graduate: Loan or Full Ride

Postby acrossthelake » Thu Aug 19, 2010 12:42 am

Free ride at that age for sure.

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fragged
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Re: 43 year old graduate: Loan or Full Ride

Postby fragged » Thu Aug 19, 2010 1:38 am

The only benefit I see for a T10 school over a 50-something is a job that will pay you more. But if you want a life, I would take the $$ in a heartbeat.

bocastudent
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Re: 43 year old graduate: Loan or Full Ride

Postby bocastudent » Thu Aug 19, 2010 2:06 am

T25 and some scholarship.

:)

northphx
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Re: 43 year old graduate: Loan or Full Ride

Postby northphx » Thu Aug 19, 2010 1:34 pm

I'll be in my 30's when I start LS and I definitely want a life more than biglaw. So I'm hoping for a full ride at a local T1. There's no T14 in my state which kind of helped me with my decision. I'd be lying if I said I wouldn't be tempted if there was a T14 where I live.


flounder wrote:I can expect the answer but I will ask it anyway. I am looking to start school when I am 40.
Would you rather get a free ride at a mid 50 school or pay face at a top 10? Bearing in mind I am not looking to make work my life. $160K and 80 hour work weeks are definitely NOT what I want.

I can't justify paying face for a top 10 school and turning down a full ride at a lesser school. I just dont have as much time to pay off the loan as a 25 year old.

flounder
Posts: 99
Joined: Tue Feb 23, 2010 10:09 pm

Re: 43 year old graduate: Loan or Full Ride

Postby flounder » Thu Aug 19, 2010 5:41 pm

Basically it is a hypothetical.
Should a man in his 40's go into debt for the prestige or save money?
My wife says save money.

I am too old to work 70 hours a week. I will most likely not be hired by big law cause they know damn well someone my age would not give up there life.




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