Top Law Schools

Ferrisjso wrote: How I'd pay back my debt depends, for some options it'd be solely based on me working for others i'd potentially receive financial assistance from my family(i would not get this for most of my cheaper options for a particular reason).

Ferrisjso wrote:

cavalier1138 wrote:

Ferrisjso wrote:

cavalier1138 wrote:

loslakers wrote: just curious cavalier how much debt would you be willing to take on for a Vandy, Washington, UCLA/USC, UT. assuming you would be cool with living and working in nashville, st. louis, los angeles, and texas.

<$100k for Vanderbilt and UT, nothing anywhere else.

So you think only 16 schools are worth taking on debt for? Yeah, I'm the crazy person.

Just out of curiosity, you mentioned that you would take on $150k in debt for a T1 school. How would you be paying that debt back?

Well I said 100-150, 150 is the ceiling, I'm thinking 120-125 for the T's I'm applying to. I also might take out around that much for a T2 in the region I'm heavily leaning on practicing in(not sure the amount it will cost, it's dependent on getting in state residency or not/negotiating). How I'd pay back my debt depends, for some options it'd be solely based on me working for others i'd potentially receive financial assistance from my family(i would not get this for most of my cheaper options for a particular reason). Don't really feel comfortable explaining the details further, it's somewhat tentative though. Once I get my decisions from W+M and W+L, I am going to make a "Choosing a Law School thread" to discuss my situation further. Anyway I think less than 100k for a TT is pretty reasonable and a little more for a T is reasonable(I know you may think the employment opportunities are pretty similar but the T's i'm applying to do good enough stats and an area I prefer and I think that's worth 20k-30k more. Right now, I'm more worried about picking my region of practice, the schools that are giving me the best offers are either TTT's or schools in an area I'm leaning against practicing in. Seeing this though, for me Vandy would be a no brainier at 100, even 150(still haven't actually been rejected yet;). If I did have really good stats though I would take Vanderbilt over almost any T-14 though because it was my dream school and Nashville is an area I'd love to live in and practice.

Colonel_funkadunk wrote:whats the max amount of debt you'd take out for a motorcycle

A. Nony Mouse wrote:Or financially very un-cavalier(1138) decision!

I had an objectively very good outcome out of my T1 school (label for identification purposes, not because I think it has independent meaning), and I'm going for PSLF. But it's still pretty terrible to see my loan balance going up instead of down. $100-150k is still a lot of money, even if it's a lot less than $250k.

UVA2B wrote:

Ferrisjso wrote:

cavalier1138 wrote:

Ferrisjso wrote:

cavalier1138 wrote:

loslakers wrote: just curious cavalier how much debt would you be willing to take on for a Vandy, Washington, UCLA/USC, UT. assuming you would be cool with living and working in nashville, st. louis, los angeles, and texas.

<$100k for Vanderbilt and UT, nothing anywhere else.

So you think only 16 schools are worth taking on debt for? Yeah, I'm the crazy person.

Just out of curiosity, you mentioned that you would take on $150k in debt for a T1 school. How would you be paying that debt back?

Well I said 100-150, 150 is the ceiling, I'm thinking 120-125 for the T's I'm applying to. I also might take out around that much for a T2 in the region I'm heavily leaning on practicing in(not sure the amount it will cost, it's dependent on getting in state residency or not/negotiating). How I'd pay back my debt depends, for some options it'd be solely based on me working for others i'd potentially receive financial assistance from my family(i would not get this for most of my cheaper options for a particular reason). Don't really feel comfortable explaining the details further, it's somewhat tentative though. Once I get my decisions from W+M and W+L, I am going to make a "Choosing a Law School thread" to discuss my situation further. Anyway I think less than 100k for a TT is pretty reasonable and a little more for a T is reasonable(I know you may think the employment opportunities are pretty similar but the T's i'm applying to do good enough stats and an area I prefer and I think that's worth 20k-30k more. Right now, I'm more worried about picking my region of practice, the schools that are giving me the best offers are either TTT's or schools in an area I'm leaning against practicing in. Seeing this though, for me Vandy would be a no brainier at 100, even 150(still haven't actually been rejected yet;). If I did have really good stats though I would take Vanderbilt over almost any T-14 though because it was my dream school and Nashville is an area I'd love to live in and practice.

Why do you keep rope a doping basic questions like this? Let's say you go to W&M with $150k debt (make sure you're including living expenses in your cost estimations). You're looking at ~$1700/month in loan repayments upon graduation. If you get the most likely outcome at W&M, you'll be making in the range of $40k-$50k employment starting out. After taxes, that'll give you about $3k-$4k/month. That means around half of your take home pay would go to paying off loans in a regular schedule, or relying on PAYE/IBR for 20 years, saddling you with growing debt that will affect every financial decision you make in the future with a fun tax bomb at the end of it when it's forgiven.

You obsess over these "tiers" distinctions like they actually matter in the least. You're borderline criminally underprepared to actually make this type of financially cavalier decision, and that makes me very sad.

Ferrisjso wrote:

UVA2B wrote:

Ferrisjso wrote:

cavalier1138 wrote:

Ferrisjso wrote:

cavalier1138 wrote:

loslakers wrote: just curious cavalier how much debt would you be willing to take on for a Vandy, Washington, UCLA/USC, UT. assuming you would be cool with living and working in nashville, st. louis, los angeles, and texas.

<$100k for Vanderbilt and UT, nothing anywhere else.

So you think only 16 schools are worth taking on debt for? Yeah, I'm the crazy person.

Just out of curiosity, you mentioned that you would take on $150k in debt for a T1 school. How would you be paying that debt back?

Well I said 100-150, 150 is the ceiling, I'm thinking 120-125 for the T's I'm applying to. I also might take out around that much for a T2 in the region I'm heavily leaning on practicing in(not sure the amount it will cost, it's dependent on getting in state residency or not/negotiating). How I'd pay back my debt depends, for some options it'd be solely based on me working for others i'd potentially receive financial assistance from my family(i would not get this for most of my cheaper options for a particular reason). Don't really feel comfortable explaining the details further, it's somewhat tentative though. Once I get my decisions from W+M and W+L, I am going to make a "Choosing a Law School thread" to discuss my situation further. Anyway I think less than 100k for a TT is pretty reasonable and a little more for a T is reasonable(I know you may think the employment opportunities are pretty similar but the T's i'm applying to do good enough stats and an area I prefer and I think that's worth 20k-30k more. Right now, I'm more worried about picking my region of practice, the schools that are giving me the best offers are either TTT's or schools in an area I'm leaning against practicing in. Seeing this though, for me Vandy would be a no brainier at 100, even 150(still haven't actually been rejected yet;). If I did have really good stats though I would take Vanderbilt over almost any T-14 though because it was my dream school and Nashville is an area I'd love to live in and practice.

Why do you keep rope a doping basic questions like this? Let's say you go to W&M with $150k debt (make sure you're including living expenses in your cost estimations). You're looking at ~$1700/month in loan repayments upon graduation. If you get the most likely outcome at W&M, you'll be making in the range of $40k-$50k employment starting out. After taxes, that'll give you about $3k-$4k/month. That means around half of your take home pay would go to paying off loans in a regular schedule, or relying on PAYE/IBR for 20 years, saddling you with growing debt that will affect every financial decision you make in the future with a fun tax bomb at the end of it when it's forgiven.

You obsess over these "tiers" distinctions like they actually matter in the least. You're borderline criminally underprepared to actually make this type of financially cavalier decision, and that makes me very sad.

"Cavalier", nice word play! I am including COL in all of my estimations. Thank you for the info though, it's very helpful(though I hope I'll be making a little more than 50k). I was planning on doing PI potentially for PSLF but I want to see if the new administration keeps it in place first(because many on here think that's in danger). I'm not rope a doping anything, shouldn't have brought the tiers into it perhaps though. This thread isn't about me, it's about people's answers to a question though, I will have a thread in the near future to discuss my situation if anyone is interested.

Ferrisjso wrote: "Cavalier", nice word play! I am including COL in all of my estimations. Thank you for the info though, it's very helpful(though I hope I'll be making a little more than 50k). I was planning on doing PI potentially for PSLF but I want to see if the new administration keeps it in place first(because many on here think that's in danger). I'm not rope a doping anything, shouldn't have brought the tiers into it perhaps though. This thread isn't about me, it's about people's answers to a question though, I will have a thread in the near future to discuss my situation if anyone is interested.

cavalier1138 wrote:

Ferrisjso wrote: "Cavalier", nice word play! I am including COL in all of my estimations. Thank you for the info though, it's very helpful(though I hope I'll be making a little more than 50k). I was planning on doing PI potentially for PSLF but I want to see if the new administration keeps it in place first(because many on here think that's in danger). I'm not rope a doping anything, shouldn't have brought the tiers into it perhaps though. This thread isn't about me, it's about people's answers to a question though, I will have a thread in the near future to discuss my situation if anyone is interested.

But the thing is that you're using your rationale to discuss what might be a generally reasonable course of action.

And I hope you realize that hoping to make more than 50k is not going to actually get you a job that pays more than that. You should do some salary research, because it will likely change your a reasonably prudent investor's debt tolerance level (assuming you aren't going PI).

cavalier1138 wrote:

Ferrisjso wrote: "Cavalier", nice word play! I am including COL in all of my estimations. Thank you for the info though, it's very helpful(though I hope I'll be making a little more than 50k). I was planning on doing PI potentially for PSLF but I want to see if the new administration keeps it in place first(because many on here think that's in danger). I'm not rope a doping anything, shouldn't have brought the tiers into it perhaps though. This thread isn't about me, it's about people's answers to a question though, I will have a thread in the near future to discuss my situation if anyone is interested.

But the thing is that you're using your rationale to discuss what might be a generally reasonable course of action.

And I hope you realize that hoping to make more than 50k is not going to actually get you a job that pays more than that. You should do some salary research, because it will likely change your debt tolerance level (assuming you aren't going PI).

tncats wrote:This is a genuine question for everyone who's saying $0 or <$50k. How do you plan on paying for your living expenses?

Ferrisjso wrote:

cavalier1138 wrote:

loslakers wrote: just curious cavalier how much debt would you be willing to take on for a Vandy, Washington, UCLA/USC, UT. assuming you would be cool with living and working in nashville, st. louis, los angeles, and texas.

<$100k for Vanderbilt and UT, nothing anywhere else.

So you think only 16 schools are worth taking on debt for? Yeah, I'm the crazy person.

guybourdin wrote:

Colonel_funkadunk wrote:whats the max amount of debt you'd take out for a motorcycle

For a Honda, probably $55,000. If Bentley made a motorcycle probably $120,000, though, or maybe even more. You can't tell me that's unreasonable because its a personal decision.

zerato5 wrote:This is a pretty general question, but do you all find that the cost of living estimates for most schools are accurate?

zerato5 wrote:This is a pretty general question, but do you all find that the cost of living estimates for most schools are accurate?

JohannDeMann wrote:Toon out 140k at a TTT because I graduated with no job options.

dm1683 wrote:

JohannDeMann wrote:Toon out 140k at a TTT because I graduated with no job options.

I must confess that the logic here confuses me a bit.

dm1683 wrote:

JohannDeMann wrote:Toon out 140k at a TTT because I graduated with no job options.

I must confess that the logic here confuses me a bit.

JohannDeMann wrote:

dm1683 wrote:

JohannDeMann wrote:Toon out 140k at a TTT because I graduated with no job options.

I must confess that the logic here confuses me a bit.

Meant from undergrad. No job options in undergrad post grad. Knew ttt was risky but took the gamble because the alternatives were not much better.