American vs Michigan state
Posted: Wed Jun 29, 2016 3:13 am
I know both schools aren't t14.
Law School Discussion Forums
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https://www.top-law-schools.com/forums/viewtopic.php?f=1&t=265798
Then why are you going to law school?H313 wrote:I would love to work in politics
Are you from MI? If not, don't go to MSU.H313 wrote:First, I know how it is here. Neither of these schools are t14, and I know how some users can get with lower ranked schools. I'm not concerned with that, however, American university has pulled me off the wait list, but has given me 24 hours to make a decision. It seems like they offered me no scholarship, and I know how pricy that school can get. My other choice is Michigan state (I'm from Michigan). Msu has offered a scholarship based on merit, and based off my law grades, my scholarship has the potential to be full ride. However, msu is lower ranked and American is in DC. (I would love to work in politics in the future and dc is very intriguing to me). Anyways, thoughts/opinions are appreciated.. I have about a couple of more hours to make a choice.
So, it sounds like MSU is going to ruin your life half as much as AU. You've got a big butchers knife, and you're trying to decide whether to chop off all four limbs or only two. People on here are pro-limb, but it's a free country! Cut em all off!H313 wrote:First, I know how it is here. Neither of these schools are t14, and I know how some users can get with lower ranked schools. I'm not concerned with that, however, American university has pulled me off the wait list, but has given me 24 hours to make a decision. It seems like they offered me no scholarship, and I know how pricy that school can get. My other choice is Michigan state (I'm from Michigan). Msu has offered a scholarship based on merit, and based off my law grades, my scholarship has the potential to be full ride. However, msu is lower ranked and American is in DC. (I would love to work in politics in the future and dc is very intriguing to me). Anyways, thoughts/opinions are appreciated.. I have about a couple of more hours to make a choice.
Just a small point of clarification: PSLF does not result in a tax bomb. That only happens if you do the extended IBR/PAYE program in a non-PSLF scenario.CTT wrote:So, it sounds like MSU is going to ruin your life half as much as AU. You've got a big butchers knife, and you're trying to decide whether to chop off all four limbs or only two. People on here are pro-limb, but it's a free country! Cut em all off!H313 wrote:First, I know how it is here. Neither of these schools are t14, and I know how some users can get with lower ranked schools. I'm not concerned with that, however, American university has pulled me off the wait list, but has given me 24 hours to make a decision. It seems like they offered me no scholarship, and I know how pricy that school can get. My other choice is Michigan state (I'm from Michigan). Msu has offered a scholarship based on merit, and based off my law grades, my scholarship has the potential to be full ride. However, msu is lower ranked and American is in DC. (I would love to work in politics in the future and dc is very intriguing to me). Anyways, thoughts/opinions are appreciated.. I have about a couple of more hours to make a choice.
Seriously though, unless you're rich, you're talking about accruing about $200,000 in debt in principal and interest over three years. That'll require about $2,200 a month for ten years to pay off. So that's $26,400 of post tax income, call it $35,000 pre tax, every year, for ten years. That's most of what you can expect to make after going to AU. Of course there's always elongated payment options and forgiveness after a decade of public interest work, but you have to worry about the tax consequences, and you're guaranteed to be poor in the meantime. Don't be stupid.
Why not ask American to give you at least 72 hours to consider your options? High-pressure sales tactics don't seem conducive for making such an important decision. I cannot imagine anything happening at American in the next day that requires them to have an absolute decision from you before Friday. If they're unwilling to budge, ask yourself why. [full disclosure: don't work in admissions]H313 wrote:First, I know how it is here. Neither of these schools are t14, and I know how some users can get with lower ranked schools. I'm not concerned with that, however, American university has pulled me off the wait list, but has given me 24 hours to make a decision. It seems like they offered me no scholarship, and I know how pricy that school can get. My other choice is Michigan state (I'm from Michigan). Msu has offered a scholarship based on merit, and based off my law grades, my scholarship has the potential to be full ride. However, msu is lower ranked and American is in DC. (I would love to work in politics in the future and dc is very intriguing to me). Anyways, thoughts/opinions are appreciated.. I have about a couple of more hours to make a choice.
Call MSU today, say American has offered you a spot. Say you want to stay in Michigan because it's home to you and MSU would be awesome and stuff and first choice etc etc. Say American had given you a short clock to make a decision on, and you would love to know if they can consider you for additional funding.H313 wrote:First, I know how it is here. Neither of these schools are t14, and I know how some users can get with lower ranked schools. I'm not concerned with that, however, American university has pulled me off the wait list, but has given me 24 hours to make a decision. It seems like they offered me no scholarship, and I know how pricy that school can get. My other choice is Michigan state (I'm from Michigan). Msu has offered a scholarship based on merit, and based off my law grades, my scholarship has the potential to be full ride. However, msu is lower ranked and American is in DC. (I would love to work in politics in the future and dc is very intriguing to me). Anyways, thoughts/opinions are appreciated.. I have about a couple of more hours to make a choice.
I want to make this very clear too...people here aren't saying that these are bad decisions because everyone is "T14 or bust"...they're saying it because these are both two legitimately horrible options with no clear paths towards your goals.H313 wrote:First, I know how it is here. Neither of these schools are t14, and I know how some users can get with lower ranked schools.
Serious underestimate. Estimated COA for American this fall is $76,700. That means the OP would be looking at around $285,000 in debt three years from now.CTT wrote:So, it sounds like MSU is going to ruin your life half as much as AU. You've got a big butchers knife, and you're trying to decide whether to chop off all four limbs or only two. People on here are pro-limb, but it's a free country! Cut em all off!H313 wrote:First, I know how it is here. Neither of these schools are t14, and I know how some users can get with lower ranked schools. I'm not concerned with that, however, American university has pulled me off the wait list, but has given me 24 hours to make a decision. It seems like they offered me no scholarship, and I know how pricy that school can get. My other choice is Michigan state (I'm from Michigan). Msu has offered a scholarship based on merit, and based off my law grades, my scholarship has the potential to be full ride. However, msu is lower ranked and American is in DC. (I would love to work in politics in the future and dc is very intriguing to me). Anyways, thoughts/opinions are appreciated.. I have about a couple of more hours to make a choice.
Seriously though, unless you're rich, you're talking about accruing about $200,000 in debt in principal and interest over three years. That'll require about $2,200 a month for ten years to pay off. So that's $26,400 of post tax income, call it $35,000 pre tax, every year, for ten years. That's most of what you can expect to make after going to AU. Of course there's always elongated payment options and forgiveness after a decade of public interest work, but you have to worry about the tax consequences, and you're guaranteed to be poor in the meantime. Don't be stupid.
The legend himself makes an appearance!Paul Campos wrote:Serious underestimate. Estimated COA for American this fall is $76,700. That means the OP would be looking at around $285,000 in debt three years from now.CTT wrote:So, it sounds like MSU is going to ruin your life half as much as AU. You've got a big butchers knife, and you're trying to decide whether to chop off all four limbs or only two. People on here are pro-limb, but it's a free country! Cut em all off!H313 wrote:First, I know how it is here. Neither of these schools are t14, and I know how some users can get with lower ranked schools. I'm not concerned with that, however, American university has pulled me off the wait list, but has given me 24 hours to make a decision. It seems like they offered me no scholarship, and I know how pricy that school can get. My other choice is Michigan state (I'm from Michigan). Msu has offered a scholarship based on merit, and based off my law grades, my scholarship has the potential to be full ride. However, msu is lower ranked and American is in DC. (I would love to work in politics in the future and dc is very intriguing to me). Anyways, thoughts/opinions are appreciated.. I have about a couple of more hours to make a choice.
Seriously though, unless you're rich, you're talking about accruing about $200,000 in debt in principal and interest over three years. That'll require about $2,200 a month for ten years to pay off. So that's $26,400 of post tax income, call it $35,000 pre tax, every year, for ten years. That's most of what you can expect to make after going to AU. Of course there's always elongated payment options and forgiveness after a decade of public interest work, but you have to worry about the tax consequences, and you're guaranteed to be poor in the meantime. Don't be stupid.
Celebrating like the prisoners in Shawshankgsy987 wrote:The legend himself makes an appearance!Paul Campos wrote:Serious underestimate. Estimated COA for American this fall is $76,700. That means the OP would be looking at around $285,000 in debt three years from now.CTT wrote:So, it sounds like MSU is going to ruin your life half as much as AU. You've got a big butchers knife, and you're trying to decide whether to chop off all four limbs or only two. People on here are pro-limb, but it's a free country! Cut em all off!H313 wrote:First, I know how it is here. Neither of these schools are t14, and I know how some users can get with lower ranked schools. I'm not concerned with that, however, American university has pulled me off the wait list, but has given me 24 hours to make a decision. It seems like they offered me no scholarship, and I know how pricy that school can get. My other choice is Michigan state (I'm from Michigan). Msu has offered a scholarship based on merit, and based off my law grades, my scholarship has the potential to be full ride. However, msu is lower ranked and American is in DC. (I would love to work in politics in the future and dc is very intriguing to me). Anyways, thoughts/opinions are appreciated.. I have about a couple of more hours to make a choice.
Seriously though, unless you're rich, you're talking about accruing about $200,000 in debt in principal and interest over three years. That'll require about $2,200 a month for ten years to pay off. So that's $26,400 of post tax income, call it $35,000 pre tax, every year, for ten years. That's most of what you can expect to make after going to AU. Of course there's always elongated payment options and forgiveness after a decade of public interest work, but you have to worry about the tax consequences, and you're guaranteed to be poor in the meantime. Don't be stupid.
yeah good thing loan repayment programs like PAYE exist and this person only has to pay back 10% of their salary for 20 years, not necessarily 285K.joeyc328 wrote:Celebrating like the prisoners in Shawshankgsy987 wrote:The legend himself makes an appearance!Paul Campos wrote:Serious underestimate. Estimated COA for American this fall is $76,700. That means the OP would be looking at around $285,000 in debt three years from now.CTT wrote:So, it sounds like MSU is going to ruin your life half as much as AU. You've got a big butchers knife, and you're trying to decide whether to chop off all four limbs or only two. People on here are pro-limb, but it's a free country! Cut em all off!H313 wrote:First, I know how it is here. Neither of these schools are t14, and I know how some users can get with lower ranked schools. I'm not concerned with that, however, American university has pulled me off the wait list, but has given me 24 hours to make a decision. It seems like they offered me no scholarship, and I know how pricy that school can get. My other choice is Michigan state (I'm from Michigan). Msu has offered a scholarship based on merit, and based off my law grades, my scholarship has the potential to be full ride. However, msu is lower ranked and American is in DC. (I would love to work in politics in the future and dc is very intriguing to me). Anyways, thoughts/opinions are appreciated.. I have about a couple of more hours to make a choice.
Seriously though, unless you're rich, you're talking about accruing about $200,000 in debt in principal and interest over three years. That'll require about $2,200 a month for ten years to pay off. So that's $26,400 of post tax income, call it $35,000 pre tax, every year, for ten years. That's most of what you can expect to make after going to AU. Of course there's always elongated payment options and forgiveness after a decade of public interest work, but you have to worry about the tax consequences, and you're guaranteed to be poor in the meantime. Don't be stupid.
, a *future in politics. That doesn't mean I wanna be a politician right after law school. I still obviously wanna be a lawyer. Also, not sure yet on which law I want to practice.cavalier1138 wrote:Then why are you going to law school?H313 wrote:I would love to work in politics
That's not a rhetorical question. You don't need a JD to work in politics. What kind of law are you interested in practicing after graduation?
But what's your ballpark ambition for your legal degree? You say you want to be a lawyer. What type of lawyer do you want to be? Where do you want to practice? What general fields are you interested in?H313 wrote:, a *future in politics. That doesn't mean I wanna be a politician right after law school. I still obviously wanna be a lawyer. Also, not sure yet on which law I want to practice.cavalier1138 wrote:Then why are you going to law school?H313 wrote:I would love to work in politics
That's not a rhetorical question. You don't need a JD to work in politics. What kind of law are you interested in practicing after graduation?
And when you're a 46-year-old with kids and a $60,000 salary and the IRS comes knocking with a $100,000 tax bill, will you:JohannDeMann wrote:yeah good thing loan repayment programs like PAYE exist and this person only has to pay back 10% of their salary for 20 years, not necessarily 285K.joeyc328 wrote:Celebrating like the prisoners in Shawshankgsy987 wrote:The legend himself makes an appearance!Paul Campos wrote:Serious underestimate. Estimated COA for American this fall is $76,700. That means the OP would be looking at around $285,000 in debt three years from now.CTT wrote:So, it sounds like MSU is going to ruin your life half as much as AU. You've got a big butchers knife, and you're trying to decide whether to chop off all four limbs or only two. People on here are pro-limb, but it's a free country! Cut em all off!H313 wrote:First, I know how it is here. Neither of these schools are t14, and I know how some users can get with lower ranked schools. I'm not concerned with that, however, American university has pulled me off the wait list, but has given me 24 hours to make a decision. It seems like they offered me no scholarship, and I know how pricy that school can get. My other choice is Michigan state (I'm from Michigan). Msu has offered a scholarship based on merit, and based off my law grades, my scholarship has the potential to be full ride. However, msu is lower ranked and American is in DC. (I would love to work in politics in the future and dc is very intriguing to me). Anyways, thoughts/opinions are appreciated.. I have about a couple of more hours to make a choice.
Seriously though, unless you're rich, you're talking about accruing about $200,000 in debt in principal and interest over three years. That'll require about $2,200 a month for ten years to pay off. So that's $26,400 of post tax income, call it $35,000 pre tax, every year, for ten years. That's most of what you can expect to make after going to AU. Of course there's always elongated payment options and forgiveness after a decade of public interest work, but you have to worry about the tax consequences, and you're guaranteed to be poor in the meantime. Don't be stupid.
if you were pricing a house and there were federal tax credits for buying it, wouldnt that be included in the total price? when is tls going to start pricing in the 10% PAYE repayment program? i dont have time to keep popping into these threads and pointing out such a very basic fact that almost no one on TLS seems to understand.