COA Calculator and Loan Payment Calculator

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Yardbird
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Re: COA Calculator and Loan Payment Calculator

Postby Yardbird » Mon Apr 22, 2013 10:27 am

shadowofjazz wrote:
JamesDean1955 wrote:There is very cool, bookmarked and thanks for this!

One note I have though: there is absolutely no way that Penn COA will ever come out higher than NYU's in this universe, practically speaking. I think the fact that you took everything off of Penn's website (which are substantially higher than what the typical student would practically spend) and yet revised NYU's figures downward to come into line with other area schools leaves a distorted comparison there.

Other than that, very nice 8)
I adjusted NYU to Columbia's estimate. There was nothing to compare Penn to unfortunately.
My hope is that more current students will reply to my request in this thread so I have more accurate numbers than the school estimates:

viewtopic.php?f=4&t=208360

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JamesDean1955
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Re: COA Calculator and Loan Payment Calculator

Postby JamesDean1955 » Mon Apr 22, 2013 11:59 am

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Last edited by JamesDean1955 on Wed May 01, 2013 1:06 pm, edited 1 time in total.

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Yardbird
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Re: COA Calculator and Loan Payment Calculator

Postby Yardbird » Mon Apr 22, 2013 12:09 pm

JamesDean1955 wrote:What line of work were you in before deciding on law school SOJ? Finance/accounting?

I love financial modeling :mrgreen: . Wish I had the opportunities to pursue a sweet finance career doing mostly that.
I graduate from undergrad next month...so zero work?

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Rahviveh
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Re: COA Calculator and Loan Payment Calculator

Postby Rahviveh » Mon Apr 22, 2013 12:27 pm

I'm confoosed.

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Yardbird
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Re: COA Calculator and Loan Payment Calculator

Postby Yardbird » Mon Apr 22, 2013 12:41 pm

ChampagnePapi wrote:I'm confoosed.
about...?

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Yardbird
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Re: COA Calculator and Loan Payment Calculator

Postby Yardbird » Mon Apr 22, 2013 9:41 pm

I am running a survey to get more accurate COL numbers. If you are a current law student, please fill it out:

viewtopic.php?f=4&t=208360

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Yardbird
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Re: COA Calculator and Loan Payment Calculator

Postby Yardbird » Mon Apr 22, 2013 10:23 pm

UPDATE:
v. 1.50: Fixed an error in the dependency status based calculations. Added section on COA tab to enter in COL if you know it (below the main calculator) and a question that will switch between school based projections and your actual COL).

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digifly
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Re: COA Calculator and Loan Payment Calculator

Postby digifly » Mon Apr 22, 2013 10:32 pm

Bookmarked, awesome stuff. Kind of scares me, though! haha

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Yardbird
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Re: COA Calculator and Loan Payment Calculator

Postby Yardbird » Mon Apr 22, 2013 10:33 pm

digifly wrote:Bookmarked, awesome stuff. Kind of scares me, though! haha
Starting to regret the Pavilion? =P

one_by_one
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Re: COA Calculator and Loan Payment Calculator

Postby one_by_one » Tue Apr 23, 2013 11:37 am

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Last edited by one_by_one on Fri Jul 17, 2015 12:58 pm, edited 1 time in total.

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Yardbird
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Re: COA Calculator and Loan Payment Calculator

Postby Yardbird » Tue Apr 23, 2013 12:00 pm

one_by_one wrote:
shadowofjazz wrote:
JamesDean1955 wrote:There is very cool, bookmarked and thanks for this!

One note I have though: there is absolutely no way that Penn COA will ever come out higher than NYU's in this universe, practically speaking. I think the fact that you took everything off of Penn's website (which are substantially higher than what the typical student would practically spend) and yet revised NYU's figures downward to come into line with other area schools leaves a distorted comparison there.

Other than that, very nice 8)
I adjusted NYU to Columbia's estimate. There was nothing to compare Penn to unfortunately.


Housing at/near NYU is definitely more expensive than at/near Columbia (where most students live in subsidized university apartments), though. So... that's something to remember.
The purpose of this spreadsheet is to find the average in a locale. NYU's area is of course more expensive but this calculator is assuming people are looking to minimize COL. From my survey, it's looking like the COL is spot on for NYU and overestimates what Columbia students are paying.

My survey is also showing people eat out at all law schools...A LOT.

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JamesDean1955
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Re: COA Calculator and Loan Payment Calculator

Postby JamesDean1955 » Tue Apr 23, 2013 12:45 pm

Yeah I can't imagine I'll have much time to cook lol. But I guess if you're a master chef and been doing it for so long its second nature then it would be no big deal

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NoodleyOne
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Re: COA Calculator and Loan Payment Calculator

Postby NoodleyOne » Tue Apr 23, 2013 12:47 pm

JamesDean1955 wrote:Yeah I can't imagine I'll have much time to cook lol. But I guess if you're a master chef and been doing it for so long its second nature then it would be no big deal

I really don't think it's that bad. Crockpot + microwave and you shouldn't have to eat out much.

062914123
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Re: COA Calculator and Loan Payment Calculator

Postby 062914123 » Tue Apr 23, 2013 3:37 pm

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Last edited by 062914123 on Mon Jun 30, 2014 2:57 pm, edited 1 time in total.

rebexness
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Re: COA Calculator and Loan Payment Calculator

Postby rebexness » Tue Apr 23, 2013 5:53 pm

bee wrote:this spreadsheet is awesome, thanks so much for the effort/time you put in to it :)


Seriously, this x infinity.

SportsFan
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Re: COA Calculator and Loan Payment Calculator

Postby SportsFan » Tue Apr 23, 2013 5:59 pm

shadowofjazz wrote:
one_by_one wrote:
shadowofjazz wrote:
JamesDean1955 wrote:There is very cool, bookmarked and thanks for this!

One note I have though: there is absolutely no way that Penn COA will ever come out higher than NYU's in this universe, practically speaking. I think the fact that you took everything off of Penn's website (which are substantially higher than what the typical student would practically spend) and yet revised NYU's figures downward to come into line with other area schools leaves a distorted comparison there.

Other than that, very nice 8)
I adjusted NYU to Columbia's estimate. There was nothing to compare Penn to unfortunately.


Housing at/near NYU is definitely more expensive than at/near Columbia (where most students live in subsidized university apartments), though. So... that's something to remember.
The purpose of this spreadsheet is to find the average in a locale. NYU's area is of course more expensive but this calculator is assuming people are looking to minimize COL. From my survey, it's looking like the COL is spot on for NYU and overestimates what Columbia students are paying.

My survey is also showing people eat out at all law schools...A LOT.

I definitely do, especially when finals get near. Not enough time to go home for lunch, and need the time at night to study/outline.

That said, most law schools have plenty of free food (especially at lunch).

run26.2
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Re: COA Calculator and Loan Payment Calculator

Postby run26.2 » Wed Apr 24, 2013 2:13 am

This presents the absolute staggering reality of going to law school without a scholarship. $300K in principle for those that borrow everything. Wow.

one_by_one
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Re: COA Calculator and Loan Payment Calculator

Postby one_by_one » Wed Apr 24, 2013 9:43 pm

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Last edited by one_by_one on Fri Jul 17, 2015 12:58 pm, edited 2 times in total.

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Rahviveh
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Re: COA Calculator and Loan Payment Calculator

Postby Rahviveh » Thu Apr 25, 2013 2:02 am

Anyone have a good law school COL budgeting spreadsheet?

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bizzybone1313
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Re: COA Calculator and Loan Payment Calculator

Postby bizzybone1313 » Thu Apr 25, 2013 3:28 am

You should sell this or something. This is pretty cool. You should also e-mail it to all of the T-14 just to show them how utterly ridiculous tuition prices are.

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ph5354a
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Re: COA Calculator and Loan Payment Calculator

Postby ph5354a » Thu Apr 25, 2013 9:41 am

This is amazing. Is there anyway to input existing UG loans into this, to factor those into the payoff calculator?

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Yardbird
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Re: COA Calculator and Loan Payment Calculator

Postby Yardbird » Thu Apr 25, 2013 11:00 am

ph5354a wrote:This is amazing. Is there anyway to input existing UG loans into this, to factor those into the payoff calculator?
I'll be adding that in the next update. I figured we can all worry about law school loans first and then factor in undergrad. The problem with undergrad loans is K-JD kids dont enter repayment until after law school while everyone else enters repayment before law school and then go back into deferment in law school and then repayment again after (has different rules for capitalization/accruing interest and the grace period stuff changes).

In any case, the undergrad loans will be in deferment in school, so the difference in how much you take out for law school should be the primary basis of comparison.


ON ANOTHER NOTE:
If people could post here or send me messages when the following law schools update tuition for 2013-2014, I would appreciate it (UVA just did this week):

Columbia
Chicago
NYU
Penn
Berkeley
Michigan
Northwestern
Cornell
GULC
UCLA
USC
Minnesota
WashU
Alabama
Emory
Notre Dame
IU-Bloomington
U of Washington
ASU
BC


If no one updates me, I'll be updating tuition numbers on weekly basis as needed. Once I have more COL data from my survey, I will be REPLACING the school estimates with the average of current students so a more accurate estimate might be given. For some schools, this will be less than the school estimate. For some it might be a little more.

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Yardbird
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Re: COA Calculator and Loan Payment Calculator

Postby Yardbird » Thu Apr 25, 2013 11:18 am

ChampagnePapi wrote:Anyone have a good law school COL budgeting spreadsheet?
I technically have one that I haven't posted, what exactly are you looking for?

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Rahviveh
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Re: COA Calculator and Loan Payment Calculator

Postby Rahviveh » Thu Apr 25, 2013 2:38 pm

shadowofjazz wrote:
ChampagnePapi wrote:Anyone have a good law school COL budgeting spreadsheet?
I technically have one that I haven't posted, what exactly are you looking for?


Idk just something that will help me stay within target for a certain amount for the year or semester/quarter, budgeting food, entertainment, haircuts, etc. I guess I could try Quicken

run26.2
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Re: COA Calculator and Loan Payment Calculator

Postby run26.2 » Thu Apr 25, 2013 3:26 pm

shadowofjazz wrote:My survey is also showing people eat out at all law schools...A LOT.

Your survey doesn't ask that, unless I looked at a different one. Funny enough, I ate out much more frequently in law school than I do now that I'm working, mainly for social reasons. Maybe law students could consider gathering at residences for weekly dinners where everyone chips in $5 in lieu of eating out so much.




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