NYU's application asks "whether I have been convicted of any crime or offense". Does that include speeding tickets (non alcohol related, and less than 15 miles over)?
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Topics - yiplong
« on: September 04, 2006, 04:56:54 PM »
I plan to start outlining next weekend, or the weekend after next, which program do you think is better for outlining, OneNote or MS Word? Or do you have other programs that you believe are superior to both? Please give suggestion.
From the discussions on this board and on XOXO, it looks like if one is not in T14, or top 1/4 of a good tier1, or top 10% of a tier2, or top 10% AND law review at a tier3, he is doomed to the purgatory of government job or unemployment.
If this is true, then at least 70% of all law school grads will either have very lower paying jobs, or no job at all. So where are all these 'suckers'? Why don't they make themselves more visible?
« on: July 30, 2006, 10:11:35 PM »
I want to teach law at Cooley after graduation, what is my chance? What credential do they look for in a law profession at Cooley?
« on: July 25, 2006, 07:29:46 PM »
I have made all the preparation to attend UIUC this fall, signed the apartment lease, got my scholarship (20k/year) all in order, now, the evil U of Chicago shoot me an email saying I have been accepted to their law school off their waitlist, with no scholarship (of course) and I have until this Friday to make decision.
I don't know what to do, I figure going to Chicago will cost like $80k more than UIUC, (lost scholarship, higher tuition, higher COL, etc), not to mention I will need to find an apartment in Chicago within the next month and sublet the apartment in Champaign, which I already leased for one year. Do you think it is worth it to pay all the extra money for T14 degree?
I called up some apt. management co. near UIUC and was shocked to discover some of them are completely booked up. The lady from Winfield Village Co-op told me: "it is highly unlikely that we have anything opening up this fall. I have 15 people on waiting list."
I can't imagine why anyone would be on a waiting list for renting. Isn't it bad enough to be on the waiting list for Yale?
I have received Fin Aid letter from UIUC, the school I will most likely attending this fall. There are oddities that I am puzzled about.
First, I am supposed to have been awarded scholarship in the amount of $20k/year, but it didnít show up on my letter. Whatís up with that? Donít they list the scholarships on their fin aid letters? They canít promise me a scholarship and not give it can they?
I have received Fed Direct Loans, both subsidized and unsubsidized, but there is still an unmet financial need of 8k a year. For this year it is probably fine, because I have saving from work. But in 2L/3L I would likely have to come up with that 8k to continue attending law school. UIUC said they are still waiting for Dept. of Eduís guideline on Graduate PLUS Loan. Whatís up with that? In the letter from Iowa and Northwestern, they actually included Graduate PLUS in the award letter. So how exactly do I apply for this loan?
Student Loan - a Life Sentence
NEW YORK (CNNMoney.com) - Mayrose Wegmann, 25, should have been starting on her dream career as a political consultant by now. And saving toward her first home.
Instead, Wegmann, who graduated with a degree in political science and journalism from the University of Iowa in 2004 and moved to Washington, D.C., is working at a non-profit because it pays significantly more than entry-level politics work. And she won't even consider buying a home for several more years.
In fact, she won't consider much except how to meet the $300 a month she owes on her $34,000 student loan balance.
"The school debt makes you decide [about your career] based on the money factor. Not based on what you want to do," said Wegmann.
The Class of 2006, set to graduate this month, will soon be in the same boat.
Approximately two-thirds of all students use loans to pay for their higher education, according to the Center for Economic and Policy Research. The average debt is $15,500 for public schools and $24,600 for private Ė many students rack up even more on their credit cards.
Call it a reverse dowry: college debt diverts careers and delays or impedes graduates' plans to get married, buy a home or even to start a family. The effects can last years.
A 22-year old student graduating this year who consolidates their $40,000 loan at 6.125 percent will need to pay $243 a month...until they're 52. By that time, they will have paid $47,494 in interest alone.
A reverse dowry
"My student loan debt is my biggest source of stress in my life at the moment," said Steve Desroches, a 2002 graduate from Columbia University's Graduate School of Journalism. "I live paycheck to paycheck."
The degree left Desroches, who works for a newspaper on Cape Cod, $50,000 in debt with no savings. He's unable to buy a needed car or to even think about entering Massachusetts's "out of control" real estate market.
The repayments were so financially restrictive he briefly considered declaring bankruptcy, until he learned it wouldn't affect his student loans because they're federally guaranteed.
"My feelings about my degree now? My graduate education was invaluable [to my career], but it wasn't worth $50,000, or more accurately, it isn't worth the debt. My options are definitely limited."
Christine Moellenberndt of Sacramento, California has given up on the idea of owning a home, at least anytime in the next 10-15 years. She graduated last June from the University of California, Santa Cruz with a degree in anthropology, and moved back in with her mother when she realized not doing so would mean living paycheck to paycheck with no chance of paying down her debts.
"That $675 I could be spending in rent could also be a good chunk of a credit card payment, or a huge payment for my student loans. I see that as a bit of a better investment than living on my own and struggling paycheck to paycheck."
Moellenberndt says at least half her monthly income working at a state regulatory agency goes to pay off her $18k in federal student loans. And although the debt is daunting, her plans to become a community college professor call for an advanced degree...hiking her debt in the future.
A growing issue for the economy and society
The cumulative effect of such student debt on graduates is unclear, although few would argue that its impact will be positive for the graduates, the economy or society.
"We've never done this to a generation of young people before," said Dr. Heather Boushey, Senior Economist at the progressive Center for Economic and Policy Research. "We've never put a generation in their 20s in debt they can't get out of before they started their work life."
"The normal approach in any healthy society is to help young married couples get started in life through marital gifts, dowries, and the like," Allan Carlson of the socially-conservative Howard Center for Family, Religion, and Society said.
"We now burden many young adults with student debt, sometimes massive in nature; the price being paid includes marriages delayed or foregone and fewer children. This is foolish public policy."
I will be visiting Urbana Champaign the week on memorial day, planning on seeing the school itself and checking out some apartments and houses for sale. How is the public transportation in Urbana Champaign? If I fly there, can I expect to get around town without using a car? If I absolutely need a car to move around, I might have to drive there from my home in NYC. But with the fuel cost and time constrain, I am trying to avoid that.