How much debt are you going to graduate with?

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Tom Joad
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Re: How much debt are you going to graduate with?

Postby Tom Joad » Fri Oct 25, 2013 11:59 pm

brotherdarkness wrote: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.

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Flips88
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Re: How much debt are you going to graduate with?

Postby Flips88 » Sat Oct 26, 2013 12:07 am

Tom Joad wrote:
brotherdarkness wrote: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.

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brotherdarkness
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Re: How much debt are you going to graduate with?

Postby brotherdarkness » Sat Oct 26, 2013 12:10 am

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Last edited by brotherdarkness on Fri Jun 27, 2014 11:49 am, edited 1 time in total.

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Tom Joad
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Re: How much debt are you going to graduate with?

Postby Tom Joad » Sat Oct 26, 2013 12:32 am

brotherdarkness wrote:
Flips88 wrote:
Tom Joad wrote:
brotherdarkness wrote: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
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Re: How much debt are you going to graduate with?

Postby ap1987 » Tue Oct 29, 2013 6:40 pm

hichvichwoh wrote: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
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Re: How much debt are you going to graduate with?

Postby ap1987 » Tue Oct 29, 2013 6:42 pm

california2013 wrote:
ap1987 wrote: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.

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Lacepiece23
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Re: How much debt are you going to graduate with?

Postby Lacepiece23 » Tue Oct 29, 2013 7:08 pm

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
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Re: How much debt are you going to graduate with?

Postby paul554 » Tue Oct 29, 2013 7:19 pm

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

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Totalimmortal
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Re: How much debt are you going to graduate with?

Postby Totalimmortal » Thu Oct 31, 2013 11:58 am

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

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TTRansfer
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Re: How much debt are you going to graduate with?

Postby TTRansfer » Thu Oct 31, 2013 12:22 pm

Including interest, will be about 190.

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FlanAl
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Re: How much debt are you going to graduate with?

Postby FlanAl » Thu Oct 31, 2013 12:40 pm

Lacepiece23 wrote: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.

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anon919
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Re: How much debt are you going to graduate with?

Postby anon919 » Thu Oct 31, 2013 1:02 pm

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.

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anon919
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Re: How much debt are you going to graduate with?

Postby anon919 » Thu Oct 31, 2013 1:16 pm

paul554 wrote:-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?
Last edited by anon919 on Thu Oct 31, 2013 1:18 pm, edited 2 times in total.

Lord Randolph McDuff
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Re: How much debt are you going to graduate with?

Postby Lord Randolph McDuff » Thu Oct 31, 2013 1:16 pm

anon919 wrote: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.

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RemyMarathe
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Re: How much debt are you going to graduate with?

Postby RemyMarathe » Thu Oct 31, 2013 7:31 pm

anon919 wrote: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
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Re: How much debt are you going to graduate with?

Postby bigtex29 » Fri Nov 01, 2013 6:39 pm

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

paul554
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Re: How much debt are you going to graduate with?

Postby paul554 » Fri Nov 01, 2013 11:58 pm

anon919 wrote:
paul554 wrote:-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.

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anon919
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Re: How much debt are you going to graduate with?

Postby anon919 » Sat Nov 02, 2013 10:45 pm

paul554 wrote:
anon919 wrote:
paul554 wrote:-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!

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unc0mm0n1
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Re: How much debt are you going to graduate with?

Postby unc0mm0n1 » Sat Nov 02, 2013 10:52 pm

paul554 wrote:-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).

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Black_Swan
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Re: How much debt are you going to graduate with?

Postby Black_Swan » Tue Jan 14, 2014 7:46 pm

paul554 wrote:
anon919 wrote:
paul554 wrote:-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?

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Black Hat
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Re: How much debt are you going to graduate with?

Postby Black Hat » Sat Jan 18, 2014 9:11 pm

Black_Swan wrote:
paul554 wrote:
anon919 wrote:
paul554 wrote:-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.
Last edited by Black Hat on Thu Jan 23, 2014 5:11 pm, edited 1 time in total.

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Black Hat
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Re: How much debt are you going to graduate with?

Postby Black Hat » Sat Jan 18, 2014 9:15 pm

unc0mm0n1 wrote:
paul554 wrote:-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!
Last edited by Black Hat on Thu Jan 23, 2014 5:12 pm, edited 1 time in total.

jrd93
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Re: How much debt are you going to graduate with?

Postby jrd93 » Sat Jan 18, 2014 9:38 pm

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Last edited by jrd93 on Sat Feb 22, 2014 2:11 am, edited 1 time in total.

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Black Hat
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Re: How much debt are you going to graduate with?

Postby Black Hat » Sat Jan 18, 2014 10:22 pm

jrd93 wrote:I'm not in LS yet.



This forum is for law school students.

jrd93
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Re: How much debt are you going to graduate with?

Postby jrd93 » Sat Jan 18, 2014 10:50 pm

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Last edited by jrd93 on Sat Feb 22, 2014 2:10 am, edited 1 time in total.




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