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Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 10:59 pm
by stellina
That's $470,000 over the course of 10 years.

just lol

nancy reagan that shit

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:04 pm
by TheodoreKGB
.

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:07 pm
by DiniMae
These posts make me thankful for the GI Bill

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:08 pm
by muskies970
lol where are you getting those numbers from?

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:09 pm
by Ramius
DiniMae wrote:These posts make me thankful for the GI Bill
In that case, George W. that shit

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:09 pm
by muskies970
it does not cost $108,000 a year to attend Columbia good try though

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:10 pm
by stellina
muskies970 wrote:it does not cost $108,000 a year to attend Columbia good try though
it's a good thing you're going to law school.

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:10 pm
by Elston Gunn
muskies970 wrote:it does not cost $108,000 a year to attend Columbia good try though
(has never heard of interest or origination fees)

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:10 pm
by stellina
TheodoreKGB wrote:The Ivy League is priceless, bro.
just waiting for like 5-6 cycles from now when it pops the $400k cherry.

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:23 pm
by bearsfan23
Elston Gunn wrote:
muskies970 wrote:it does not cost $108,000 a year to attend Columbia good try though
(has never heard of interest or origination fees)
(is still wrong)

There are like 3 posters on TLS that actually understand financial aid/loans.

Origination fees are taken out of the base of the loan itself, not added on. Also, given that PAYE exists, there is ZERO reason to allow interest to accrue like that, unless you just enjoy debt or something.

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:26 pm
by Ramius
bearsfan23 wrote:
Elston Gunn wrote:
muskies970 wrote:it does not cost $108,000 a year to attend Columbia good try though
(has never heard of interest or origination fees)
(is still wrong)

There are like 3 posters on TLS that actually understand financial aid/loans.

Origination fees are taken out of the base of the loan itself, not added on. Also, given that PAYE exists, there is ZERO reason to allow interest to accrue like that, unless you just enjoy debt or something.
PAYE only works if it stays. Also doesn't account for the tax bomb.

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:28 pm
by stellina
bearsfan23 wrote:
Elston Gunn wrote:
muskies970 wrote:it does not cost $108,000 a year to attend Columbia good try though
(has never heard of interest or origination fees)
(is still wrong)

There are like 3 posters on TLS that actually understand financial aid/loans.

Origination fees are taken out of the base of the loan itself, not added on. Also, given that PAYE exists, there is ZERO reason to allow interest to accrue like that, unless you just enjoy debt or something.
Never taken out a student loan, but that sounds absurdly wrong. The origination fee is a fee, no? As in is added to the loan? Why would a school reduce their tuition bc someone was paying for it with loaned money?

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:31 pm
by Elston Gunn
bearsfan23 wrote:
Elston Gunn wrote:
muskies970 wrote:it does not cost $108,000 a year to attend Columbia good try though
(has never heard of interest or origination fees)
(is still wrong)

There are like 3 posters on TLS that actually understand financial aid/loans.

Origination fees are taken out of the base of the loan itself, not added on. Also, given that PAYE exists, there is ZERO reason to allow interest to accrue like that, unless you just enjoy debt or something.
I didn't fact-check OP, but LST says it's $313K at repayment. Are you planning on paying off the interest during law school? You're right about how the origination fees are taken out, but they're still part of the cost.

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:32 pm
by ilikebaseball
most unnecessary instigation thread these eyes have ever seen

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:34 pm
by stellina
Elston Gunn wrote:
bearsfan23 wrote:
Elston Gunn wrote:
muskies970 wrote:it does not cost $108,000 a year to attend Columbia good try though
(has never heard of interest or origination fees)
(is still wrong)

There are like 3 posters on TLS that actually understand financial aid/loans.

Origination fees are taken out of the base of the loan itself, not added on. Also, given that PAYE exists, there is ZERO reason to allow interest to accrue like that, unless you just enjoy debt or something.
I didn't fact-check OP, but LST says it's $313K at repayment. Are you planning on paying off the interest during law school? You're right about how the origination fees are taken out, but they're still part of the cost.
LST hasn't updated their numbers yet. They're still using tuition estimates for current 1Ls.

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:40 pm
by TheSpanishMain
DiniMae wrote:These posts make me thankful for the GI Bill

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:47 pm
by stellina
ilikebaseball wrote:most unnecessary instigation thread these eyes have ever seen
new 0Ls need new reminders that sticker debt is stupid

because they typically don't understand it on their own

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:48 pm
by ilikebaseball
I'm sure 0L's can figure out debt without making a thread of the most extreme example imaginable.

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:54 pm
by stellina
ilikebaseball wrote:I'm sure 0L's can figure out debt without making a thread of the most extreme example imaginable.
Ok, well sticker debt at *cheapest T14 law school* Duke is $295,000. Better?

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sat Jan 03, 2015 11:57 pm
by Ramius
stellina wrote:
ilikebaseball wrote:I'm sure 0L's can figure out debt without making a thread of the most extreme example imaginable.
Ok, well sticker debt at *cheapest T14 law school* Duke is $295,000. Better?
If only there were a readily available calculator for debt repayment...

Oh wait, search Georgetown Law's debt calculator, and enjoy

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sun Jan 04, 2015 12:02 am
by stellina
Ramius wrote:
stellina wrote:
ilikebaseball wrote:I'm sure 0L's can figure out debt without making a thread of the most extreme example imaginable.
Ok, well sticker debt at *cheapest T14 law school* Duke is $295,000. Better?
If only there were a readily available calculator for debt repayment...

Oh wait, search Georgetown Law's debt calculator, and enjoy
I think they took it down, actually
Tbf this is the better one: http://www.top-law-schools.com/forums/v ... 1&t=225195

I was more going for the "don't do it, dummy" factor tho

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sun Jan 04, 2015 12:07 am
by Desert Fox
Jfc law students are done here.

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sun Jan 04, 2015 1:38 am
by Mack.Hambleton
But I already ED'd

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sun Jan 04, 2015 1:51 am
by stellina
james.bungles wrote:But I already ED'd
shoulda stuck with that full ride

also ljl at paye somehow negating this fuckedoverness. only way out is grind away or pslf. even if they do change the tax bomb, it won't be for everyone. no way in hell a six-fig lawyer bro is getting that tax break.

Re: Reminder: Sticker debt at Columbia Law School is $325,000

Posted: Sun Jan 04, 2015 2:56 am
by 15 styx
Ramius wrote:Also doesn't account for the tax bomb.
Tax bomb? Plz explain.