This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
Messages - BigRig
Pages: 1 ... 7 8 9 10 11 
« on: March 16, 2006, 07:09:27 PM »
I don't know if it's that bad but it certainly is a very serious consideration. You can go to the following link and play around with what you expect to borrow.
If you're going to borrow I am sure it will be because you'll want to attend an elite school, which could run you near $120,000 over three years = $1380+/mo. over 10 years or $780+ over 30. Either way, these are sizable payments and will be a part of your life for some time. Even if you land a top job, most are in markets with an extremely high cost of leaving and these loans will not be easy to pay down (don't forget a lot of those $100,000+ salaries goes to taxes).
I do not know your position, but if you're coming straight from undergrad and haven't managed a budget, debt, etc. I would be cautious. If, however, you are more experienced managin finances and are fortunate to have a lot of money saved, a trust fund, or other investment/asset that is bearing interest I wouldn't be as worried.
« on: March 16, 2006, 06:33:07 PM »
Agreed, good decision. I am leaning toward a similar decision myself. While I love Villanova I don't believe I can justify the $100,000 in debt over a full scholarship at Toledo. I mean, if it were T14 it might be a different story, but it's not. There are only a set of jobs that will allow one to carry that type of debt and frankly, those are not for me. I've watched my sister kill herself at a tier 1 lschool and take on a ton of debt which got her a $150,000 (w/bonus) job in NYC and she's getting nowhere except closer to insanity. The Midwest is a better place than most give it credit and if you're in the top of your class, blessed with any set of social skills, and make a good faith effort to network you'll find solid employment in most markets. All the while having freedom, flexibility, and arguably the ability to build wealth more quickly. Congrats!
« on: March 16, 2006, 05:26:03 PM »
As I understand it the US News rankings adhere to the same principle as the ABA = a straight average, no matter the degree of improvement, which makes sense because the new April 1 rankings follow the recently released ABA data. I do not believe they'd transform these data in any way, they are purely inputs.
Additionally, it has been my experience that a school will deny a candidate based on these numbers alone. I myself had a 12-point jump the second time around, a reasonable explanation, attended a top undergrad institution while taking a broad and range of challenging courses, and have significant and meaningful research and work experience. Thus far, however, I have found no luck with these schools placing more weight on the second score. It definitely is a numbers game to these schools, which most certainly is a consequence of rankings. The only truly subjective measure that will change that is, of course, minority status.
« on: March 16, 2006, 04:05:55 PM »
I would think you're a lock at MSU, however, at best I think you'll receive a waitlist at Pitt and Richmond. I hate being pessimistic, but unless you are a URM your numbers won't add much to the school's group they are trying to assemble on paper. Also, a waitlist/rejection seems to be the corollary of a response this late in the game.
« on: March 15, 2006, 01:21:40 PM »
I haven't heard anything either. I went complete late Jan. and am told that my app has yet to go to Committee, which I find hard to believe. I thought I'd be a competitive applicant with a 3.3/161 from Emory. I am not sure what to expect, but I am not too optimistic considering the decisions I've been receiving this late in the game. Keep me updated. What are your numbers?
« on: February 22, 2006, 03:04:12 PM »
your understanding regarding taxable income, student loan interest deductions, and lifetime learning credit are correct to my knowledge -- although I not sure about the $2,500 cap.
« on: February 22, 2006, 02:49:50 PM »
I have been accepted also, but will not consider unless I get a scholarship (I got a full ride at Toledo which happens to be my hometown). According to other posts, these MSU award letters were mialed out ~Feb.16. How seriously are you considering it? I like the joint-degree option with University of Ottawa and the fact that it is associated with a Big Ten school; this can only help rankings, resources, and alumni contacts going forward.
I am still waiting to hear from quite a few schools, but look forward to hearing from those interested in, or will be, attending MSU.
Pages: 1 ... 7 8 9 10 11