Anyone take out loans that you didn't *really* need?
Posted: Fri Apr 29, 2011 12:17 am
I am trying to be open-minded about my future career. I'd love to do public interest, although my career history reminds me that I can be downtrodden by the overwhelming bureaucracies and often-ineffectiveness. Yet, I am certainly no fan of giving up life balance for BigLaw. Hence, open-minded.
So, in case I might do PI, I am thinking about taking out loans, especially the subsidized ones - that seems like a no-brainer. I mean, if I paid cash for my education and then went into PI, it's almost as if I turned down a scholarship or grant!
I haven't done the math on the negative arbitrage. Certainly, I am not likely to earn enough on the cash I save to overcome the interest accumulated on the non-subsidized while in school, but just by eyeing it, it doesn't seem like enough to nix the idea.
Other considerations?
So, in case I might do PI, I am thinking about taking out loans, especially the subsidized ones - that seems like a no-brainer. I mean, if I paid cash for my education and then went into PI, it's almost as if I turned down a scholarship or grant!
I haven't done the math on the negative arbitrage. Certainly, I am not likely to earn enough on the cash I save to overcome the interest accumulated on the non-subsidized while in school, but just by eyeing it, it doesn't seem like enough to nix the idea.
Other considerations?