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Minority and Non-Traditional Law Students / Re: Well, I got into law school...
« on: August 10, 2011, 07:33:52 AM »
It is easy to get into the weeds on these boards. Jack put together a well-reasoned back-of-the-envelope financial breakdown to demonstrate that (1) a realistic salary of $75K is not that much money, and (2) when factoring in living expenses it does not leave much extra for paying off loans. Quibbling over the numbers the specific numbers is not worth it because he is right: onece you get out working and living life, you will have expenses and "needs" that consume your cash. Nobody will live a monklike life simply so they can pay off their loans - life will be calling and you will participate. This will be triply true if you have a family - one simply cannot and will not live a spartan existence so they can throw extra money at their student loan and pay it off.
The main point remains, $100K in loans IS a big deal and should be taken VERY seriously because they are not quickly and easily disposed.
The main point remains, $100K in loans IS a big deal and should be taken VERY seriously because they are not quickly and easily disposed.