How much debt are you going to graduate with? Forum

[Tom Joad]

Depends. It should be somewhere just above 100k, but my parents have offered to pay my debt for me in lieu of providing me with an inheritance. Given the interest rate on loans and the comfort of having the debt taken off my back immediately, I'm tempted to accept.

Take the inheritance, bro. The typical inheritance is 1-2 million.

[Flips88]

Depends. It should be somewhere just above 100k, but my parents have offered to pay my debt for me in lieu of providing me with an inheritance. Given the interest rate on loans and the comfort of having the debt taken off my back immediately, I'm tempted to accept.

Take the inheritance, bro. The typical inheritance is 1-2 million.

Before the libruls get their greedy death taxing hands on it, of course.

[brotherdarkness]

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[Tom Joad]

Depends. It should be somewhere just above 100k, but my parents have offered to pay my debt for me in lieu of providing me with an inheritance. Given the interest rate on loans and the comfort of having the debt taken off my back immediately, I'm tempted to accept.

Take the inheritance, bro. The typical inheritance is 1-2 million.

Before the libruls get their greedy death taxing hands on it, of course.

That's one of the fears. Also, my parents are big on charity and, because my father grew up in poverty and became a doctor, I suspect he'd rather give most of his money away at death to ensure I don't get complacent or whatever.

Talk to you dad about Boomer Scum.

[ap1987]

this would probably work better with a poll, if you specifically want to know how much debt TLSers are graduating with. Otherwise you'll find better results just googling

I'm not sure how to make a poll on this site, otherwise I would have.

[ap1987]

Just curious to see how much debt (if any) other fellow law students are anticipating graduating with?


I go to a T2 in NYC, I will graduate with roughly $80,000 (20,000 undergrad, 60,000 law school).

Do you have job Line up ?

No. I have an internship now, not sure if it will end up in a job offer or not. Firm has 55 attorneys. I'm not the best student. I did okay first year, but had a pretty bad last 2L semester. A lot of the attorneys there went to t2 and TTT schools. Most no law review/journal/moot court.

[Lacepiece23]

Probably like 100k. I'm kinda surprised I'm one of the higher numbers. Don't most ppl on this site go to T14s? Or does everyone just have rich parents? I got a huge scholarship too.

[paul554]

-40k, I'll actually profit from going to law school. Oh GI Bill how I adore thee.

[Totalimmortal]

Not counting any interest that has appreciated while in school, about $160,000. With interest, I'm estimating $180,000, at least.

[TTRansfer]

Including interest, will be about 190.

[FlanAl]

Probably like 100k. I'm kinda surprised I'm one of the higher numbers. Don't most ppl on this site go to T14s? Or does everyone just have rich parents? I got a huge scholarship too.

I took t14 basically at sticker. At this point I actually have no idea what my total debt will be. My school has a solid public interest repayment plan and thats how I'll manage them.

[anon919]

Decided not to go T14 at sticker.
Took the gamble and went T2 on a full scholly.
Will graduate with about $75k (housing & misc costs while living a comfortable existence in NYC racks up quick fast).
Heading to a V15 after graduation.

[anon919]

-40k, I'll actually profit from going to law school. Oh GI Bill how I adore thee.

that's awesome. congrats!

edit: for law school - what does the Bill cover?

[Lord Randolph McDuff]

Decided not to go T14 at sticker.
Took the gamble and went T2 on a full scholly.
Will graduate with about $75k (housing & misc costs while living a comfortable existence in NYC racks up quick fast).
Heading to a V15 after graduation.

Huge win. You rock.

45k for me. Hoping to do public interest and have at around half of this forgiven in 10 years. I signed up for the gradual payback plan-- I'm going to pay back like 21 dollars a month in the beginning.

[RemyMarathe]

Decided not to go T14 at sticker.
Took the gamble and went T2 on a full scholly.
Will graduate with about $75k (housing & misc costs while living a comfortable existence in NYC racks up quick fast).
Heading to a V15 after graduation.

Good to hear these things happen.

I took a T1 w/ generous scholarship over lower t14 and will graduate with 35K of debt.

[bigtex29]

I will graduate from UT Law with zero debt in any area and a chunk in savings. Feelsgoodman.

[paul554]

-40k, I'll actually profit from going to law school. Oh GI Bill how I adore thee.

that's awesome. congrats!

edit: for law school - what does the Bill cover?

For any public school it covers everything, all tuiton and fees, no matter the cost. In addition you get roughly $600 a semester for books and a monthly living stipend that is dependent on your zip code, mine is $1,609 a month. All of this is also tax free.

[anon919]

-40k, I'll actually profit from going to law school. Oh GI Bill how I adore thee.

that's awesome. congrats!

edit: for law school - what does the Bill cover?

For any public school it covers everything, all tuiton and fees, no matter the cost. In addition you get roughly $600 a semester for books and a monthly living stipend that is dependent on your zip code, mine is $1,609 a month. All of this is also tax free.

That's pretty cool. Congrats!

[unc0mm0n1]

-40k, I'll actually profit from going to law school. Oh GI Bill how I adore thee.

This. The military has definitely paid me back for my time (with interest).

[Black_Swan]

-40k, I'll actually profit from going to law school. Oh GI Bill how I adore thee.

that's awesome. congrats!

edit: for law school - what does the Bill cover?

For any public school it covers everything, all tuiton and fees, no matter the cost. In addition you get roughly $600 a semester for books and a monthly living stipend that is dependent on your zip code, mine is $1,609 a month. All of this is also tax free.

How long must one serve to get this offer?

[Black Hat]

-40k, I'll actually profit from going to law school. Oh GI Bill how I adore thee.

that's awesome. congrats!

edit: for law school - what does the Bill cover?

For any public school it covers everything, all tuiton and fees, no matter the cost. In addition you get roughly $600 a semester for books and a monthly living stipend that is dependent on your zip code, mine is $1,609 a month. All of this is also tax free.

How long must one serve to get this offer?

To get 100% I think it is three years. However, most contracts are for four years.

Also, if you do undergrad while you are active they give you funding for that so you don't have to use your GI Bill.

I did my undergrad while being on active duty. I had almost my entire GI Bill when I started LS.

[Black Hat]

-40k, I'll actually profit from going to law school. Oh GI Bill how I adore thee.

This. The military has definitely paid me back for my time (with interest).

Absolutely!

My debt will be $46,406.58 when done. Edit: I forgot to mention this is without interest, so probably more like $50k. All my loans are Stafford as well. The interest rate isn't bad.

GI Bill covers my in state tuition, plus $1300 a month (during the school year) for living expenses, and $1000 a year for books.

I live quite well, I could probably live off the GI Bill alone with no loans. But ... I like living well with no budget!

[jrd93]

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[Black Hat]

I'm not in LS yet.

This forum is for law school students.

[jrd93]

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