WUSTL c/o 2016 Applicants (2012-2013) Forum

RedGiant · Post by **RedGiant** » Tue Mar 12, 2013 6:17 pm

BigZuck wrote:
Presidentjlh wrote:
Unoriginalist wrote:
Presidentjlh wrote:Alright, factoring in debt from loans...total cost for me to attend...

$230,000...

Whelp, I guess no WUSTL for me now...
Did you get all your scholarship info yet? I wouldn't be surprised if they dropped you some non-negligible scholarship (assuming they haven't yet)
That's factoring in the 84k scholarship.

It's that damned interest on loans. Maybe I'm calculating wrong, but that's going to absolutely kill me. 42,000 in loans for the rest of tuition and CoL per year? 6.8% for half of it, 7.9% for the other? Ugh...
As someone who has already attended grad school, I can tell you that they do you the favor of extending your payment term beyond 10 years, depending on your loan balance. So...factor that in too. My 65K from previous grad school went into a 20 year repayment plan...yucky. Each month, I pay approximately 50% interest and 50% principal, and that's on a consolidated sub/unsub federal loan. So...get ready for some of that kinda fun, kids!

100K+ in interest? You sure? Or is this after taking ten years to pay it off, not right when you graduate?

wannabelawstudent · Post by **wannabelawstudent** » Tue Mar 12, 2013 6:17 pm

Presidentjlh wrote:
wannabelawstudent wrote:
Presidentjlh wrote:Alright, factoring in debt from loans...total cost for me to attend...

$230,000...

Whelp, I guess no WUSTL for me now...
Not to burst your bubble....but you forgot the 4% one time charge on the grad plus loans.
At that point, what difference does another 10k or whatever mean, lol?

Well with interest its about 17k

Presidentjlh · Post by **Presidentjlh** » Tue Mar 12, 2013 6:19 pm

wannabelawstudent wrote:
Presidentjlh wrote:
wannabelawstudent wrote:
Presidentjlh wrote:Alright, factoring in debt from loans...total cost for me to attend...

$230,000...

Whelp, I guess no WUSTL for me now...
Not to burst your bubble....but you forgot the 4% one time charge on the grad plus loans.
At that point, what difference does another 10k or whatever mean, lol?
Well with interest its about 17k

Neat.

Well if I can get that scholarship increased to above 100k, and find a way to lower my CoL, it becomes slightly more reasonable, but still.

wannabelawstudent · Post by **wannabelawstudent** » Tue Mar 12, 2013 6:36 pm

Did anyone else get 18k a year from Indiana Tech?

howardgirl · Post by **howardgirl** » Tue Mar 12, 2013 6:45 pm

wannabelawstudent wrote:Did anyone else get 18k a year from Indiana Tech?

Yes. Strongly considering. More than I've been offered from WUSTL at this point.

historicrep · Post by **historicrep** » Tue Mar 12, 2013 6:49 pm

That number can't be correct...

andy261 · Post by **andy261** » Tue Mar 12, 2013 6:49 pm

wannabelawstudent wrote:Did anyone else get 18k a year from Indiana Tech?

Yes. Unbelievable that anyone would be opening a law school right now, let alone another TTTT...

JadeWest · Post by **JadeWest** » Tue Mar 12, 2013 6:51 pm

howardgirl wrote:
wannabelawstudent wrote:Did anyone else get 18k a year from Indiana Tech?
Yes. Strongly considering. More than I've been offered from WUSTL at this point.

also. who the heck is indiana tech? and why wasn't i offered $$$$

Presidentjlh · Post by **Presidentjlh** » Tue Mar 12, 2013 6:52 pm

historicrep wrote:That number can't be correct...

I'm sure it's wrong, but it can't be that far off. Student loan interest is an abomination. I'm basically forced now to go to UNL, unless I retake that bleeping test that I would rather burn before look at again.

*sigh* This has not been a pleasant day.

DoveBodyWash · Post by **DoveBodyWash** » Tue Mar 12, 2013 6:54 pm

Presidentjlh wrote:
historicrep wrote:That number can't be correct...
I'm sure it's wrong, but it can't be that far off. Student loan interest is an abomination. I'm basically forced now to go to UNL, unless I retake that bleeping test that I would rather burn before look at again.

*sigh* This has not been a pleasant day.

It's probably correct...especially if you already calculated for interest... It's partly why so many kids opt for T14 at sticker..Because getting tepid scholarships from lower schools don't really offset the loan burden. They figure they might as well go all out, which is true if you're looking at like...200k debt from T20 and like 250K debt from a T14

wannabelawstudent · Post by **wannabelawstudent** » Tue Mar 12, 2013 6:57 pm

andy261 wrote:
wannabelawstudent wrote:Did anyone else get 18k a year from Indiana Tech?
Yes. Unbelievable that anyone would be opening a law school right now, let alone another TTTT...

I really.....REALLY want to reply to this email and start negotiating with them.

historicrep · Post by **historicrep** » Tue Mar 12, 2013 6:58 pm

How outdated are LST's numbers?

DoveBodyWash · Post by **DoveBodyWash** » Tue Mar 12, 2013 6:59 pm

wannabelawstudent wrote:
andy261 wrote:
wannabelawstudent wrote:Did anyone else get 18k a year from Indiana Tech?
Yes. Unbelievable that anyone would be opening a law school right now, let alone another TTTT...
I really.....REALLY want to reply to this email and start negotiating with them.

You should. No reason not to negotiate and get as many competitive offers as you can, regardless of their rank

howardgirl · Post by **howardgirl** » Tue Mar 12, 2013 7:02 pm

JadeWest wrote:
howardgirl wrote:
wannabelawstudent wrote:Did anyone else get 18k a year from Indiana Tech?
Yes. Strongly considering. More than I've been offered from WUSTL at this point.
http://cdn.styleforum.net/8/85/851ac22e ... rious.jpeg

also. who the heck is indiana tech? and why wasn't i offered $$$$

lol. jay kay.

nba101790 · Post by **nba101790** » Tue Mar 12, 2013 7:03 pm

wannabelawstudent wrote:
andy261 wrote:
wannabelawstudent wrote:Did anyone else get 18k a year from Indiana Tech?
Yes. Unbelievable that anyone would be opening a law school right now, let alone another TTTT...
I really.....REALLY want to reply to this email and start negotiating with them.

Already done. I've gone from being offered 18k to them paying me! :/

howardgirl · Post by **howardgirl** » Tue Mar 12, 2013 7:05 pm

Have any Webster Society applicants heard back?

DoveBodyWash · Post by **DoveBodyWash** » Tue Mar 12, 2013 7:05 pm

nba101790 wrote:
wannabelawstudent wrote: I really.....REALLY want to reply to this email and start negotiating with them.
Already done. I've gone from being offered 18k to them paying me! :/

...........da FUQ

Presidentjlh · Post by **Presidentjlh** » Tue Mar 12, 2013 7:06 pm

Man...this day turned sour...holy cow...

historicrep · Post by **historicrep** » Tue Mar 12, 2013 7:14 pm

Ohhhhh I see now. That's what you're factoring will be total cost over 10 year repayment?

rabbitrun · Post by **rabbitrun** » Tue Mar 12, 2013 7:27 pm

Loan payment calculator.
http://www.finaid.org/calculators/scrip ... yments.cgi

edit: wow! I apparently did not understand how interest works...

Presidentjlh · Post by **Presidentjlh** » Tue Mar 12, 2013 7:38 pm

Using that calculator, I see I gravely overestimated the cost. I'd end up with a debt of 124000. (No way room/living expenses are gonna cost 20k a year)

That's still not great, but much, much more realistic to deal with.

Unoriginalist · Post by **Unoriginalist** » Tue Mar 12, 2013 7:41 pm

Presidentjlh wrote:Using that calculator, I see I gravely overestimated the cost. I'd end up with a debt of 124000. (No way room/living expenses are gonna cost 20k a year)

That's still not great, but much, much more realistic to deal with.

That sounds more on target to me.

That's a LOT, but not undoable by any stretch of the imagination. But, then again, if you're hoping for small/midlaw, UNL is pretty good as far as those options go.

DoveBodyWash · Post by **DoveBodyWash** » Tue Mar 12, 2013 7:47 pm

Unoriginalist wrote:
Presidentjlh wrote:Using that calculator, I see I gravely overestimated the cost. I'd end up with a debt of 124000. (No way room/living expenses are gonna cost 20k a year)

That's still not great, but much, much more realistic to deal with.

That sounds more on target to me.

That's a LOT, but not undoable by any stretch of the imagination. But, then again, if you're hoping for small/midlaw, UNL is pretty good as far as those options go.

Honestly i think if you come out of a T20 school with a total debt (including UG debt) between 80-100k..that's pretty reasonable if you paid for everything in loans. Barring a full-ride it's not gonna get much lower if loans funded COL and tuition. 100k is a lot...but compared to the 250k it would cost at sticker, it's significantly cheaper.

boris78 · Post by **boris78** » Tue Mar 12, 2013 7:52 pm

OK so my status just updated for first time since going complete months ago. it's now 3/12. wuts up?

Lolo144 · Post by **Lolo144** » Tue Mar 12, 2013 7:56 pm

howardgirl wrote:Have any Webster Society applicants heard back?

I haven't! I was wondering the same thing.

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