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Messages - john jacob

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Incoming 1Ls / Re: Vision Plan: worth it?
« on: August 11, 2008, 08:47:30 AM »
thoughts on dental plans?

Incoming 1Ls / Vision Plan: worth it?
« on: August 07, 2008, 09:24:15 AM »
Is it worth the expense to get a vision plan? Or should I just pay the optomotrist out of pocket and go to 1800 contacts?

Current Law Students / Re: good class ranking at 2nd Tier?
« on: July 10, 2008, 02:49:25 PM »
Naw, I've met plenty of new grads to confirm the conventional wisdom.

Like I said, hearsay.  ;)

hope you're right. If you've seen the movie Rules of Attraction, I read JDUnderground the way that the girl looks at her venereal disease book before going out.

Incoming 1Ls / Re: Gradplus
« on: July 10, 2008, 08:52:16 AM »
You can borrow the max in stafford (20500, 8500 is subsidized) because grad students are considered independent.

You can borrow Gradplus to cover the rest of the school's estimated COA.

If your staffords don't cover the entirety of the tuition...

Current Law Students / Re: good class ranking at 2nd Tier?
« on: July 10, 2008, 08:46:42 AM »
Naw, I've met plenty of new grads to confirm the conventional wisdom.

Current Law Students / Re: good class ranking at 2nd Tier?
« on: July 09, 2008, 11:12:20 PM »
Do firms really care about what tier your school is in even when it's the difference between say a school ranked 46 and one ranked 57?

nope. everything below GW/BU/Fordham is a wash imo.

Current Law Students / Re: LRAP Strategy Question
« on: July 09, 2008, 04:47:28 PM »
bump, I'm considering this as well.

I'm maxing out stafford, both subsidized and unsubsidized to the tune of 20500 a year (8500 is subsidized).

The question is whether to take out 20k over 3 years for the rest in GradPlus loans or to just pay it.

Over 10 years, I pay 20000 in interest on the 60k stafford loans.

Over 10 years, I pay 10000 in interest on 20k gradplus loans.

If I got a federal job paying say, 40k a year, I'd pay the difference between 150% federal poverty (15k) and income minus taxes. Let's make that figure 20k.

3k a year.

10 years, 30k paid, rest is written off, which would be 90k.

Sounds good, assuming I get a gov't job. If I got a firm job, I wouldn't care about the debt.

thoughts on my math?

Incoming 1Ls / Re: Gradplus
« on: July 09, 2008, 03:19:53 PM »
two choices are parents or gradplus. Not considering private.

Incoming 1Ls / Gradplus
« on: July 09, 2008, 03:12:33 PM »
So I'm shopping for GradPlus loans. After maxing out the staffords at $20500, I have about 5-8k to cover. I'm considering gradplus for the federal LRAP from the college cost reduction act, however, the gradplus loans are also much more expensive than the staffords with the 3% origination fee and the 8.5% interest rate.

This effectively makes the interest rate about 10% for the Gradplus, unless I find a lender with good terms.

Should I get the gradplus? If I make it to a big firm, I probably won't care about any extra interest that I take on, if I end up in low-paying gov't or non-profit work, the possibility of having a big chunk of the extra gradplus loans forgiven is a big plus. However, it is effectively a 10% interest rate.

Choosing the Right Law School / Re: Temple vs. Villanova
« on: July 09, 2008, 05:49:21 AM »
These are my conclusions based on the info I've gathered on this site:

1) Temple and Villanova are equal in terms of employment prospects within the Philadelphia, Pennsylvania area.
2) Villanova places better than Temple outside of the Pennsylvania area (particularly DC and NY).
3) One should attend Temple if you have in-state tuition, otherwise, they are equal.
4) Villanova is located in a much better location.


No on #2. At best it's something trivial like 5%.

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