Looking for a number cruncher!
Posted: Sun Jun 26, 2011 12:06 pm
Perhaps someone from a business school might offer their opinion.
Going to school in NYC. Tuition will run $100K. Figure I will need to borrow another $75K over three years (if possible, three $25K annual increments). Not calculating any income for summer (hope it materializes, but for now, saying zero).
In 2014 I am estimating my debt will be $175K. In hopes of a $150K Big Law posiiton in NYC. Using the Harvard calculator (available on-line to everyone), the numbers worked out pretty close to what I personally calculated. I plugged in 35% taxes (Fed, state and city tax). The Harvard calculator reported, after taxes/debt service I will clear $6,344 monthly. Close? Not Close? Eager for opinions. Many thanks.
Going to school in NYC. Tuition will run $100K. Figure I will need to borrow another $75K over three years (if possible, three $25K annual increments). Not calculating any income for summer (hope it materializes, but for now, saying zero).
In 2014 I am estimating my debt will be $175K. In hopes of a $150K Big Law posiiton in NYC. Using the Harvard calculator (available on-line to everyone), the numbers worked out pretty close to what I personally calculated. I plugged in 35% taxes (Fed, state and city tax). The Harvard calculator reported, after taxes/debt service I will clear $6,344 monthly. Close? Not Close? Eager for opinions. Many thanks.