splitsplat wrote:Robespierre wrote:Well if your family could put up, say, 50K towards law school, that would bring your debt burden down to about 80K for WashU, which is scary but not outrageous. For NU the debt would still be about 200K, and I just can't see taking on that kind of burden for anything less than H or Y. So, WashU.
But if your family can't put up anything, you are looking at roughly 130K debt for WashU and 250K debt for NU. Neither one looks attractive on that basis in the middle of a recession; consider trying again a couple of years down the road. If I had to choose, I would say -- strange as it may seem -- NU. At some point, massive debt is just massive debt.
your estimate is off. rounding up tuition+school cost to 20k a year after scholarships is only 60k. I doubt books/room/board are going to cost 23k/year in st. louis.
The cost of attendance of WashU is listed on the website as 201K. Tuition will undoubtedly go up over the next two years, so it's best to assume about 206K. And if he has to finance most of that, interest will accrue while he's in school, so the 206K will turn into about 220K by the time he graduates (probably more, actually). Subtract the 90K scholarship and you get 130K in debt.