Seriously. I'm gone for a few months and the whole place is down the toilet. What's going on, here?
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Topics - Papa Bear
« on: April 27, 2007, 10:16:41 AM »
...so somebody will talk to him.
« on: March 07, 2007, 10:09:36 PM »
In the wake of useless threads dedicated to surreptitiously shaming "low school" law students who allegedly don't think about the debt they will incur, I thought perhaps we could use a thread to develop useful advice on how to plan for, limit or reduce, and pay back law school debt whichever school you attend. So...here it is!
I'll start. BYU has a useful budgeting tool here:
It's not specific to BYU, and the missionaries won't show up at your door if you use it. Analyzing monthly cash flow isn't important to me, so I deleted columns leaving Jan, Feb, Mar and the totals columns, renamed Jan - Mar as Year 1, 2, and 3, then worked out yearly budgets. Right click on your cells and select "add comments" to enter your assumptions, this way you can easily change them if they turn out wrong.
I've narrowed down my choices to 3 schools and am now doing a budget analysis on each of them to project the amount of debt I'll take on at each. You can do the same! The first one's the hardest.
Anybody else with good advice or links to quality tools/information please post it here!
« on: March 02, 2007, 10:37:12 PM »
The Suns game is boring, the board is dead...at this point I'm okay with pretty much anything else. A fun, free game, a long, detailed BBC documentary, funny YouTube links, a long read - anything. Please?
This article was very interesting and has touched off an unusually introspective day for me. I'm not in the top 1% of the top 1% in terms of IQ, but I could identify with the kid at the beginning of the article. I'm not blaming anybody else for the fact that I avoided as a child that at which I didn't immediately excel, but I wonder how much the style of praise from others, especially adults, had on the way we turned out.
I personally was praised for being smart and was expected to make an effort. In fact, my lack of effort drove my parents and teachers absolutely nuts because they knew that if I put forth the effort I would probably have done extremely well.
So what about all of you? You're probably smart; did your parents/teachers compliment your effort or did they compliment your intelligence? How do you think that affected you?
I hate cost of attendance rules that limit how much of a loan I can secure. I think it's going to destroy my chances of going to at least one school. Does anybody have any advice on how to work around them or remember seeing a thread about it?
I have 5 kids, and Mama Bear (partly out of practicality) stays home with them. I own a home and will cash in on some pretty significant equity when it sells, but the government doesn't care that there are 6 other people in my family - they'll assess a huge EFC for my second year if I just sit on that cash. One option I'm thinking about is using all or most of my equity from the sale of my home as a down payment on a new (to me) home and then pulling out a HELOC. This shelters the money from being included as EFC and ensures to a degree my ability to maintain cash flow, which is my primary concern. I should be able to close on both loans before I move or quit my job. Anybody have any better ideas or see any major problems to overcome with this plan?