3L's, Tell me about your student loans Forum

(Study Tips, Dealing With Stress, Maintaining a Social Life, Financial Aid, Internships, Bar Exam, Careers in Law . . . )
Post Reply
User avatar
hous

Bronze
Posts: 324
Joined: Fri May 09, 2008 1:53 am

3L's, Tell me about your student loans

Post by hous » Thu Apr 03, 2014 1:38 am

When I started law school I estimated I would only have 25k out in loans. It turns out I'm closer to 45k. I hope to pay it off within 3 years of working, 2 if I really live frugally.

User avatar
OutCold

Bronze
Posts: 482
Joined: Fri Jan 28, 2011 7:57 pm

Re: 3L's, Tell me about your student loans

Post by OutCold » Thu Apr 03, 2014 9:21 am

You are in good shape.

User avatar
beepboopbeep

Gold
Posts: 1607
Joined: Thu Oct 18, 2012 7:36 pm

Re: 3L's, Tell me about your student loans

Post by beepboopbeep » Thu Apr 03, 2014 9:35 am

hous wrote:When I started law school I estimated I would only have 25k out in loans. It turns out I'm closer to 45k. I hope to pay it off within 3 years of working, 2 if I really live frugally.
Yea... that's less than a lot of us are taking out in one year alone.

User avatar
peeweeherman

New
Posts: 12
Joined: Thu Mar 13, 2014 12:05 pm

Re: 3L's, Tell me about your student loans

Post by peeweeherman » Thu Apr 03, 2014 9:50 am

You're golden man. I've got 200K, a wife and three kids. IBR is the way to go for now.

I am one of the lucky ones though. I have a job with a healthy base salary and commissions as soon as I start working. I also will be provided clients by the firm I am at on day one. Just waiting on those bar results.

User avatar
hous

Bronze
Posts: 324
Joined: Fri May 09, 2008 1:53 am

Re: 3L's, Tell me about your student loans

Post by hous » Thu Apr 03, 2014 1:51 pm

peeweeherman wrote:You're golden man. I've got 200K, a wife and three kids. IBR is the way to go for now.

I am one of the lucky ones though. I have a job with a healthy base salary and commissions as soon as I start working. I also will be provided clients by the firm I am at on day one. Just waiting on those bar results.
I don't have a job offer like you though. I only have one offer and they offered me 60k, but honestly I'm just glad to have a job lined up before I graduate and I can do a lot with 60k.

User avatar
peeweeherman

New
Posts: 12
Joined: Thu Mar 13, 2014 12:05 pm

Re: 3L's, Tell me about your student loans

Post by peeweeherman » Thu Apr 03, 2014 5:59 pm

Yeah, but to make a salary more than your total debt is very comforting. You will have it paid off in no time. Me, I'll be saddled with debt for years, unless that golden case walks through the door that pays all my bills. But, let's be honest, how often does that happen? I mostly feel sorry for those with 100K+ in debt with no job lined up and/or with no intention of practicing law.

Want to continue reading?

Register now to search topics and post comments!

Absolutely FREE!


Post Reply

Return to “Forum for Law School Students”