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Messages - John Galt

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Law Firms / Re: Real deal on law firm life
« on: September 26, 2007, 03:10:59 PM »
FInd out what the billing requirements are at the firms you are interested in, that will tell you how many hours you have to work. A 2000 hour billing requirment is going to run you roughly 60-70 hours a week at work, depending on how much nonbilling stuff you do (like eat, development, firm meeting). 1500 is going to run you about a 40 hours a week, both assuming you take 2 weeks vacation and holidays.

General Board / Re: Loan Exit Counseling?
« on: August 02, 2007, 11:25:11 AM »
Exit interview is cheezy, you might just want to do it to make sure their are no problems. Its not really an interview, they just tell you your outstanding loans, monthly payments, and (of course) try to get you to consolidate.

General Board / Re: How's my plan?
« on: August 02, 2007, 11:19:54 AM »
Sounds like a plan, though I couldn't imagine law school without caffine!

Studying and Exam Taking / Re: 12 Hours A DAY?
« on: July 23, 2007, 01:54:37 PM »
Anybody studying 12 hours a day for the whole semester is doing something wrong.

General Board / Re: Prof. recommended books
« on: July 23, 2007, 01:51:40 PM »
Most, if not all, of those recommended books should be in the library on reserve and/or to check out. I wouldn't buy them unless you find you need them after school starts.

General Board / Re: Whats the most annoying thing a 1L can do?
« on: July 11, 2007, 07:03:04 PM »
I don't necessarily have a problem with roll bags per se, even though I think carry books around in travel luggage looks cheesy, it just seems like all the annoying students use them.

For example they say things like:

I have one because I refuse to hurt my back; attempting to carry all of your law-school books on your back is quite stupid, if you ask me. 

... as if they reached some level higher level of actualization because they shop at sampsonite for school bags.

But thats just me.

General Board / Re: what bag has worked for you?
« on: July 08, 2007, 04:47:57 PM »
Maybe its just coincidence, but the people with the roll-bags are the same ones who tell endless stories about personal experiences in class. They also always sit in the middle of a row and all show up at the same time, 2 minutes before class.

General Board / Re: Pink laptop
« on: July 08, 2007, 04:42:08 PM »
Pink is cool, just don't be that person with the "mean people suck" bumper stickers all over it.

General Board / Re: Loans?
« on: July 04, 2007, 06:18:25 PM »
Two issues:  (1) Discipline...if you do this you have to be really disciplined and put the money into some investment which will earn close to the same interest rate you will be paying on the money (around 7%).  (2)  Eligiblity.  You can take out more in loans (from the federal government than a frugal person would need to live on, but not nearly as much as you are talking about.  The Max you can get is Tuition/Fees + Cost of Living.  This is budgeted by the school that you go to, but will not be $30,000.  Example:  Seton Hall Cost of Living Student Budget is around $19,000; University of Arkansas is around $12,000.  Depending on your lifestyle, this may or may not be what you need to live, but you won't be able to get a huge financial windfall.  If you find an alternative lender who will give you more, keep an eye on the interest rate, because it could be really high.

I was offered $46K from the school I will be attending (including grad plus loans)...I will be paying less than $18K of that for school (i have a scholarship), which leaves over $28K for everything else...more than enough for me to live on.

I was thinking about putting it in a CD each year...exactly as jarhead said.  I know I can be disciplined enough to do i don't see any downside to doing it.

Your interest rate accruing on the loan will likley be higher than the interest being earned on the CD (prob around 4.5% right now for a cd that allows penalty free withdraw). Even the stafford loans are 6.8%,  private loans even higher. You are better off taking out less initially and more later if needed.

General Board / Re: Any database for judicial clerkship?
« on: July 02, 2007, 12:15:35 AM »
This site isn't set up yet for 2007, but it should get cranking by the end og Aug.

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