43 year old graduate: Loan or Full Ride Forum
-
flounder

- Posts: 99
- Joined: Tue Feb 23, 2010 10:09 pm
43 year old graduate: Loan or Full Ride
I can expect the answer but I will ask it anyway. I am looking to start school when I am 40.
Would you rather get a free ride at a mid 50 school or pay face at a top 10? Bearing in mind I am not looking to make work my life. $160K and 80 hour work weeks are definitely NOT what I want.
I can't justify paying face for a top 10 school and turning down a full ride at a lesser school. I just dont have as much time to pay off the loan as a 25 year old.
Would you rather get a free ride at a mid 50 school or pay face at a top 10? Bearing in mind I am not looking to make work my life. $160K and 80 hour work weeks are definitely NOT what I want.
I can't justify paying face for a top 10 school and turning down a full ride at a lesser school. I just dont have as much time to pay off the loan as a 25 year old.
- Hannibal

- Posts: 2211
- Joined: Mon Jul 12, 2010 12:00 pm
Re: 43 year old graduate: Loan or Full Ride
Sounds like you've made your decision. If I were in your shoes I'd go with the full ride, and take a public interest job to help pay off COL loans.
IM0LO.
IM0LO.
- Knock

- Posts: 5151
- Joined: Wed Jun 10, 2009 3:09 pm
Re: 43 year old graduate: Loan or Full Ride
Agree with Hannibal above. Take the full ride for sure.flounder wrote:I can expect the answer but I will ask it anyway. I am looking to start school when I am 40.
Would you rather get a free ride at a mid 50 school or pay face at a top 10? Bearing in mind I am not looking to make work my life. $160K and 80 hour work weeks are definitely NOT what I want.
I can't justify paying face for a top 10 school and turning down a full ride at a lesser school. I just dont have as much time to pay off the loan as a 25 year old.
-
CanadianWolf

- Posts: 11465
- Joined: Wed Mar 24, 2010 4:54 pm
Re: 43 year old graduate: Loan or Full Ride
Is this an example of a rhetorical question ? I know that it isn't intended, but it might as well be because the answer is so obvious.
- IAFG

- Posts: 6641
- Joined: Mon Jun 15, 2009 1:26 pm
Re: 43 year old graduate: Loan or Full Ride
If I didn't want biglaw or to have debt I would not attend LS
- Stanford4Me

- Posts: 6240
- Joined: Thu Jan 10, 2008 1:23 am
Re: 43 year old graduate: Loan or Full Ride
ftfyIAFG wrote:If I didn't want biglaw or to have debt I would not attend LS
-
094320

- Posts: 4086
- Joined: Sat May 16, 2009 5:27 pm
- fragged

- Posts: 238
- Joined: Mon Feb 08, 2010 1:52 pm
Re: 43 year old graduate: Loan or Full Ride
The only benefit I see for a T10 school over a 50-something is a job that will pay you more. But if you want a life, I would take the $$ in a heartbeat.
-
bocastudent

- Posts: 22
- Joined: Tue Aug 17, 2010 4:41 am
Re: 43 year old graduate: Loan or Full Ride
T25 and some scholarship.

-
northphx

- Posts: 9
- Joined: Tue Aug 03, 2010 6:54 pm
Re: 43 year old graduate: Loan or Full Ride
I'll be in my 30's when I start LS and I definitely want a life more than biglaw. So I'm hoping for a full ride at a local T1. There's no T14 in my state which kind of helped me with my decision. I'd be lying if I said I wouldn't be tempted if there was a T14 where I live.
flounder wrote:I can expect the answer but I will ask it anyway. I am looking to start school when I am 40.
Would you rather get a free ride at a mid 50 school or pay face at a top 10? Bearing in mind I am not looking to make work my life. $160K and 80 hour work weeks are definitely NOT what I want.
I can't justify paying face for a top 10 school and turning down a full ride at a lesser school. I just dont have as much time to pay off the loan as a 25 year old.
-
flounder

- Posts: 99
- Joined: Tue Feb 23, 2010 10:09 pm
Re: 43 year old graduate: Loan or Full Ride
Basically it is a hypothetical.
Should a man in his 40's go into debt for the prestige or save money?
My wife says save money.
I am too old to work 70 hours a week. I will most likely not be hired by big law cause they know damn well someone my age would not give up there life.
Should a man in his 40's go into debt for the prestige or save money?
My wife says save money.
I am too old to work 70 hours a week. I will most likely not be hired by big law cause they know damn well someone my age would not give up there life.