Do not pay 300k to have my life

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Desert Fox
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Re: Do not pay 300k to have my life

Postby Desert Fox » Tue Jan 27, 2015 10:06 pm

Isn't obama going to PWN PSLF?

Total Litigator
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Re: Do not pay 300k to have my life

Postby Total Litigator » Tue Jan 27, 2015 10:06 pm

ymmv wrote:
Total Litigator wrote:federal employment + PAYE + PSLF.

Run, don't walk, to law school.


Thank god they just give away fed jobs like candy these days.


Yup, it's basically a fall back gimme if you don't get a biglaw job.

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Re: Do not pay 300k to have my life

Postby Total Litigator » Tue Jan 27, 2015 10:07 pm

Desert Fox wrote:Isn't obama going to PWN PSLF?


No, in fact, my advice to 0L's would be to see if you can pay for all three years up front with fed loans, so you can beat inflation and tuition increases.

Especially the 0L's in this thread :P
Last edited by Total Litigator on Tue Jan 27, 2015 10:08 pm, edited 1 time in total.

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fats provolone
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Re: Do not pay 300k to have my life

Postby fats provolone » Tue Jan 27, 2015 10:07 pm

good shtick

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LeDique
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Re: Do not pay 300k to have my life

Postby LeDique » Tue Jan 27, 2015 10:17 pm

Total Litigator wrote:
Desert Fox wrote:Isn't obama going to PWN PSLF?


No, in fact, my advice to 0L's would be to see if you can pay for all three years up front with fed loans, so you can beat inflation and tuition increases.

Especially the 0L's in this thread :P


can i do this but never actually pay the tuition and get a job as like a secretary at the aclu? that's like a free 250k right

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fats provolone
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Re: Do not pay 300k to have my life

Postby fats provolone » Tue Jan 27, 2015 10:18 pm

LeDique wrote:
Total Litigator wrote:
Desert Fox wrote:Isn't obama going to PWN PSLF?


No, in fact, my advice to 0L's would be to see if you can pay for all three years up front with fed loans, so you can beat inflation and tuition increases.

Especially the 0L's in this thread :P


can i do this but never actually pay the tuition and get a job as like a secretary at the aclu? that's like a free 250k right

you actually only have to make 120 qualifying payments, so you could just start a fake nonprofit, make 120 payments of $0 (because you have no income), and boom -- forgiveness.

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LeDique
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Re: Do not pay 300k to have my life

Postby LeDique » Tue Jan 27, 2015 10:21 pm

How many times can I get federal loans disbursed, but drop out before tuition has to be paid before the federal government stops giving me money?

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Desert Fox
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Re: Do not pay 300k to have my life

Postby Desert Fox » Tue Jan 27, 2015 10:21 pm

northwestern lets u put spring break on the PAYE

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JohannDeMann
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Re: Do not pay 300k to have my life

Postby JohannDeMann » Tue Jan 27, 2015 10:25 pm

Total Litigator wrote:
ymmv wrote:
Total Litigator wrote:federal employment + PAYE + PSLF.

Run, don't walk, to law school.


Thank god they just give away fed jobs like candy these days.


Yup, it's basically a fall back gimme if you don't get a biglaw job.


After ten years of govt work, lateral into biglaw as a partner with 0debt. Here's the gameplan guys!

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fats provolone
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Re: Do not pay 300k to have my life

Postby fats provolone » Tue Jan 27, 2015 10:27 pm

LeDique wrote:How many times can I get federal loans disbursed, but drop out before tuition has to be paid before the federal government stops giving me money?

enroll in the law school, b-school, and phd programs at the same time. prepay everything and bounce

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Re: Do not pay 300k to have my life

Postby Total Litigator » Wed Jan 28, 2015 1:22 am

LeDique wrote:
Total Litigator wrote:
Desert Fox wrote:Isn't obama going to PWN PSLF?


No, in fact, my advice to 0L's would be to see if you can pay for all three years up front with fed loans, so you can beat inflation and tuition increases.

Especially the 0L's in this thread :P


can i do this but never actually pay the tuition and get a job as like a secretary at the aclu? that's like a free 250k right


People don't really know this, but the annual salary certification is based on an honor system, so all you have to do is send in a signed and notarized statement that you're a poor, every year for 10 years, and you're good to go Scott free.

And this is a win win because there is no downside in choosing to take a high paying fed job like the actual Secretary of the ACLU.


Liability edit: Obviously, I'm joking and don't take any of my advice.
Last edited by Total Litigator on Wed Jan 28, 2015 10:11 am, edited 2 times in total.

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fats provolone
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Re: Do not pay 300k to have my life

Postby fats provolone » Wed Jan 28, 2015 1:25 am

seems risk free to me. the govt surely has no way of checking how much income you might be making.

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Re: Do not pay 300k to have my life

Postby Total Litigator » Wed Jan 28, 2015 1:27 am

LeDique wrote:How many times can I get federal loans disbursed, but drop out before tuition has to be paid before the federal government stops giving me money?


No need to drop out. There's actually no limit to how much money the government will give you. Personally, I have 2 law degrees, 3 masters, two PhD's, and I've never worked a day in my life. And those summer abroads and semesters at sea just too much fun.
Last edited by Total Litigator on Wed Jan 28, 2015 1:29 am, edited 1 time in total.

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Re: Do not pay 300k to have my life

Postby Total Litigator » Wed Jan 28, 2015 1:28 am

fats provolone wrote:seems risk free to me. the govt surely has no way of checking how much income you might be making.


Nope, thanks to that tea party scandal the IRS is the fat weird kid at recess these days. None of the other agencies will talk to him.

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Re: Do not pay 300k to have my life

Postby Total Litigator » Wed Jan 28, 2015 1:30 am

JohannDeMann wrote:
After ten years of govt work, lateral into biglaw as a partner with 0debt. Here's the gameplan guys!


Yeah, everybody knows that.
Last edited by Total Litigator on Wed Jan 28, 2015 1:38 am, edited 4 times in total.

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JohannDeMann
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Re: Do not pay 300k to have my life

Postby JohannDeMann » Wed Jan 28, 2015 1:32 am

Yeah it's just a matter of time before the govt starts going after paye abusers the same way as tax abusers.
You can game within the rules, but fraud is gonna be snuffed out. And they prolly won't let you know until you apply for the forgiveness and then hit you with some insane Fee.

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Re: Do not pay 300k to have my life

Postby Total Litigator » Wed Jan 28, 2015 1:37 am

JohannDeMann wrote:Yeah it's just a matter of time before the govt starts going after paye abusers the same way as tax abusers.
You can game within the rules, but fraud is gonna be snuffed out. And they prolly won't let you know until you apply for the forgiveness and then hit you with some insane Fee.


What's sad is that the loan servicers are in on it, because more debt you rack up, the bigger their ultimate pay off from the treasury is. (That was an actual serious post, lol).

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loomy78
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Re: Do not pay 300k to have my life

Postby loomy78 » Wed Jan 28, 2015 1:46 am

what should i do with my life?

25 yrs. net worth 60k. lib arts UG 4.0 GPA. masters in something like "environmental policy". no work experience besides internships.

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UnicornHunter
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Re: Do not pay 300k to have my life

Postby UnicornHunter » Wed Jan 28, 2015 1:49 am

loomy78 wrote:what should i do with my life?

25 yrs. net worth 60k. lib arts UG 4.0 GPA. masters in something like "environmental policy". no work experience besides internships.


What do you want to do with your life?

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Re: Do not pay 300k to have my life

Postby Total Litigator » Wed Jan 28, 2015 1:49 am

loomy78 wrote:what should i do with my life?

25 yrs. net worth 60k. lib arts UG 4.0 GPA. masters in something like "environmental policy". no work experience besides internships.


Obvious troll is obvious. You know the answer.

In 1863 I would have answered, "Go west young man, thar be gold in dem hills." Obviously, today it's go to law school.
Last edited by Total Litigator on Wed Jan 28, 2015 1:54 am, edited 3 times in total.

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ymmv
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Re: Do not pay 300k to have my life

Postby ymmv » Wed Jan 28, 2015 1:52 am

loomy78 wrote:what should i do with my life?

25 yrs. net worth 60k. lib arts UG 4.0 GPA. masters in something like "environmental policy". no work experience besides internships.


Are you fucking serious? You can do a million things. You're 25 years old and you have not just a positive net worth but sixty thousand dollars of positive net worth. Find something that interests you and go for it. Hopefully it isn't law.

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loomy78
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Re: Do not pay 300k to have my life

Postby loomy78 » Wed Jan 28, 2015 1:54 am

TheUnicornHunter wrote:
loomy78 wrote:what should i do with my life?

25 yrs. net worth 60k. lib arts UG 4.0 GPA. masters in something like "environmental policy". no work experience besides internships.


What do you want to do with your life?


i thought i wanted to get a job in something like "environmental policy" but there aren't any jobs. so, no idea.

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Re: Do not pay 300k to have my life

Postby Total Litigator » Wed Jan 28, 2015 1:57 am

loomy78 wrote:
TheUnicornHunter wrote:
loomy78 wrote:what should i do with my life?

25 yrs. net worth 60k. lib arts UG 4.0 GPA. masters in something like "environmental policy". no work experience besides internships.


What do you want to do with your life?


i thought i wanted to get a job in something like "environmental policy" but there aren't any jobs. so, no idea.


Oh... you're serious... Well standard TLS wisdom for practicing environmental law would be go to a T6 with money (HYS if you can) and gun like hell for a job with the EPA. However, that being said there is little reason that getting a job as an attorney with the EPA would be easier than getting the policy job with the EPA that you haven't managed to cop yet.

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loomy78
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Re: Do not pay 300k to have my life

Postby loomy78 » Wed Jan 28, 2015 1:58 am

Total Litigator wrote:
loomy78 wrote:
TheUnicornHunter wrote:
loomy78 wrote:what should i do with my life?

25 yrs. net worth 60k. lib arts UG 4.0 GPA. masters in something like "environmental policy". no work experience besides internships.


What do you want to do with your life?


i thought i wanted to get a job in something like "environmental policy" but there aren't any jobs. so, no idea.


Oh... you're serious... Well standard TLS wisdom for practicing environmental law would be go to a T6 with money (HYS if you can) and gun like hell for a job with the EPA. However, that being said there is little reason that getting a job as an attorney with the EPA would be easier than getting the policy job with the EPA that you haven't managed to cop yet.


yeah, i'm not going to LS.

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JohannDeMann
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Re: Do not pay 300k to have my life

Postby JohannDeMann » Wed Jan 28, 2015 2:00 am

What do you do to pass your days now?




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