UVA Class of 2012 Forum

[Fup]

I bought all new shiz . . . last year when I moved here. It was gonna be about $1600 to move all my shit from Chicago to C-Ville . . . went to Ikea, got all new bedroom furniture, got a desk from office depot, etc. saved hundreds of dollars

I'm thinking I might just do Ikea as well. It looks like I can get everything I need for a bedroom for only a few hundred dollars, at most.

[CE2JD]

I bought all new shiz . . . last year when I moved here. It was gonna be about $1600 to move all my shit from Chicago to C-Ville . . . went to Ikea, got all new bedroom furniture, got a desk from office depot, etc. saved hundreds of dollars

This is why I tried to convince my wife that buying new furniture is a waste of money. But noooooo, she had to go out to Pier 1 and drop 700 for a new couch, 1500 for dressers, etc.

[limegreen]

Pier 1 has cute stuff, I can't blame her!

I was thinking of going the Ikea/Pier 1 route myself and then I realized neither my SO nor I have a truck, so I'd have to go home to borrow one. Then I figured out by the time I went home to get a truck(2 hours), went to Ikea (2 hours), went to Cville (2 hours), went back home (2 hours), and went back to Cville (2 hours), it would no longer be worth it. I'm planning on ordering a couch and a few other things from Pottery Barn or somewhere similar in the next few weeks and then having it delivered on June 1 when my lease starts, then I don't have to worry about it.

[RTF]

RTF- can we update the list on the first page to see how many TLSers have really decided?

Sure, everybody that is currently planning on attending UVa Law in the fall and isn't on the list on the first page of this thread please let us all know, so I can update everything accordingly.

Thanks.

[RVP11]

RTF- can we update the list on the first page to see how many TLSers have really decided?

Sure, everybody that is currently planning on attending UVa Law in the fall and isn't on the list on the first page of this thread please let us all know, so I can update everything accordingly.

Thanks.

You can update me and take my old username off. PM me if you don't know which one that is.

[a.williams]

RTF- can we update the list on the first page to see how many TLSers have really decided?

Sure, everybody that is currently planning on attending UVa Law in the fall and isn't on the list on the first page of this thread please let us all know, so I can update everything accordingly.

Thanks.

Me as well.

[TaoTao]

RTF- can we update the list on the first page to see how many TLSers have really decided?

Sure, everybody that is currently planning on attending UVa Law in the fall and isn't on the list on the first page of this thread please let us all know, so I can update everything accordingly.

Thanks.

You can update me and take my old username off. PM me if you don't know which one that is.

let me guess, it starts with the same two letters

[RTF]

Bingo

[Fup]

How do you change usernames anyway? Mine sucks.

[napolnic]

Go ahead and add me to the incoming class. I haven't put in a deposit yet, and I'm still waiting for a question to be answered, but, hell, I already have an apartment for the year up there, so I might as well make it official somewhere.

[limegreen]

Does anyone have any suggestions for a part time retail type job in Cville? Or a real job for my SO?

I am really striking out so far.

[RVP11]

Does anyone have any suggestions for a part time retail type job in Cville? Or a real job for my SO?

I am really striking out so far.

All of our jobless SOs should start a company and buy a bar.

[thesealocust]

edit: n/m

[CE2JD]

Does anyone have any suggestions for a part time retail type job in Cville? Or a real job for my SO?

I am really striking out so far.

All of our jobless SOs should start a company and buy a bar.

That's /genius/.

At the open house session on getting your child/lover through law school (which I attended on a whim instead of the mock class, lol) they mentioned that SOs are in a bit of a bind because UVA has a hiring freeze, which cuts out a lot of jobs that SOs of law students might otherwise have looked at and at the same time increases competition for other jobs in Charlottesville.

I heard from a not-so-reliable source (the landlord at Jeffersonian) that the hiring freeze is over.

[limegreen]

Well I hope you're right, CE2JD. They have added some new positions on UVA Jobs in the last few weeks, whatever that means. I am probably going to visit in a month or so when I'm a few weeks out from moving to try and find a retail job for myself, but it looks like my SO is probably going to end up getting some kind of hourly job until he can find something better.

[ak9786]

god some people have gotten some really awesome scholarships to top 10 schools and i didnt get any, is anyone else really freaking out right now about going into so much debt?

[CE2JD]

god some people have gotten some really awesome scholarships to top 10 schools and i didnt get any, is anyone else really freaking out right now about going into so much debt?

yes

[limegreen]

god some people have gotten some really awesome scholarships to top 10 schools and i didnt get any, is anyone else really freaking out right now about going into so much debt?

yes

definitely.

[geoffree]

RTF- can we update the list on the first page to see how many TLSers have really decided?

Sure, everybody that is currently planning on attending UVa Law in the fall and isn't on the list on the first page of this thread please let us all know, so I can update everything accordingly.

Thanks.

Me as well.

Me too

[CE2JD]

I've actually been thinking seriously about deferring for one year to earn enough money to pay for at least my first year out-of-pocket.

[thesealocust]

edit: n/m

[RVP11]

I've actually been thinking seriously about deferring for one year to earn enough money to pay for at least my first year out-of-pocket.

The logic there seems questionable... I don't want to ask how much you currently make, and you certainly can't be sure of your aspirations/job prospects in 3 years, but the combination of the two should make it fairly clear what the best choice going forward would be in terms of total expenditure.

It reminds me of when I was researching MD/PhD programs - they were very long, but worked out to either be free or to be giving you money compared to just an MD which was short but costly. In the end though, getting the MD sooner and putting it to work was much smarter from a long term financial stand point. Riskier, to be sure, but only by so much.

Anyway, I'm a dork, so let's do some algebra!

UVA cost/year: 61,000. 19.2 in expenses, 41.8 in tuition. Let's increase tuition (41,800) by 9% per year (see: --LinkRemoved--)

09-10: 61,000
10-11: 63,090
11-12: 65,285
12-13: 67,589

Let's say you're financing your entire education on federal grants. 8,500 federally subsidized @ 6.8%, 12,000 at 6.8%, and the remainder in grad-plus loands (8.5% fixed).

Year 1: 8,500 subsidized stafford loan, 12,000 unsub stafford loan, 40,500 grad plus loan.
End of year one: 8,500 + 12,816 + 43,942.5 in loans

Year 2: (8,500 + 8500) + (12,816 + 12000) * 1.068 + (43,942.5 + 42,590) * 1.085
Let's say you're gunning for big law, and you pull in a sweet summer gig. After living expenses and taxes, let's say you can afford to toss 10,000 (give or take) at your loan.

Year 3: (-10,000) + (8,500 + 8,500 + 8,500) + (14,969 + 12000) * 1.068 + (93,887.22 + 44,785) * 1.085

Total debt upon graduation: (-10,000) + 25,500 + 28,802.892 + 150,459 = 194,762 in debt with interest rates between 6.8% and 8.5%. Broken down, that would be 54,302 @ 6.8% and 140,459 @ 8.5%

To repay these loans in 10 years, your payments would be:

$624.91 for the smaller loan
and
$1,741.49 for the larger loan

making a 2,366.4 monthly loan payment or $28,396.8 per year lost in loan payments. Could you do that? No problem on a big law salary. All the better if you do as many suggest and throw your bonus at it each year, to reduce payments and/or pay it off faster.

So the real question is: Would you rather have that loan burden and then a year of salary (and either LRAP or BigLaw), or would you rather have a smaller loan burden but also be one year behind in terms of tuition prices and on getting a job. I can't answer that, but it probably depends heavily on how much you can earn now and what you want to do with the degree.

Also, can anybody confirm (at least ballpark) that my math was right on all of that?

Dude, can you do my taxes for me?

[gladiator]

god some people have gotten some really awesome scholarships to top 10 schools and i didnt get any, is anyone else really freaking out right now about going into so much debt?

A lot of people don't have good scholarships and aren't going to top 10 schools so consider yourself ahead of the game....glass half-full mentality.

[applepie]

re moving, has anyone looked into PODS for long moves, you know the you load it they move it type deal

[RVP11]

re moving, has anyone looked into PODS for long moves, you know the you load it they move it type deal

Yeah, see my post on page 47. Expensive.