deebs wrote:All being said, I wouldn't advise anyone to come to school here without at least a 25,000/year scholarship, maybe 20,000. There chances at big law to be able to pay off the debt otherwise is low, and the government isn't really hiring to get your loans forgiven. If you've got around 150,000 debt or more, IBR only means that you'll never even touch your principle in 20 years because the interest accruing every year will be higher than what you pay. Then you pay 35% of whatever your forgiven debt is because the IRS lists it as a form of income. Good luck having saved up the extra 135,000 required w/o cleaning out your savings to meet that burden. If your debt is under 100k, it's actually doable to pay it off at a little over 10k a year for 20 years
Cosigned. I love the school, but it is not worth anywhere near sticker. Unless you have at least a half ride, I would really have trouble recommending it. There may be a few limited exceptions (like if you are born and raised in STL and can pay for it in cash and want to practice here), but the job prospects generally do not justify the debt. And this isn't just a WUSTL criticism, this is a criticism of a huge chunk of schools in our peer group. Once you get over 100k in debt, it becomes pretty risky, and once you get over 150k, you should start looking elsewhere or retake.