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Messages - blocke123

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11
Are you guys going with the PLUS loan or a private loan?  Jessica said the PLUS loan's fixed rate is 6.9%.  That's actually not too bad, especially since it's fixed.

And on a totally different topic, are you guys all applying for the school's health insurance?  For a single person, it's like $80-something/month.  I'm not sure if that is worth it. 
Its obviously better to pay and not take out a loan right?  If you have the money... I can't imagine an investment that pays 7%...


well not necessarily.  the current spending value of the money that you do have may be higher than the amount you will have to pay in loans, if you took out the loan.  it really depends on how you spend your money if it's not going to be spent on law school.  for example, correct me if i'm wrong, the current interest rate for a mortgage is at least 10%. this is much higher than a good student loan interest rate.  so for some people, it would be wiser for them to pay off their mortgage and take out a loan for school than to put that money into going to school.  of course, there are also other situations where taking out a loan is better than paying with the money you have can apply.  However, if you're not planning on investing your money on something at this point, then it's probably a good idea to use it to pay for law school expensese and minimize the amount of loans you will need to take out.

Unless I want to go through a relatively risky investment mutual funds pay about 5% (or at least mine does).  Also, I don't have a home so I guess my throught process is valid.

I wonder if my wife worked for the University of Iowa hospitals if I could get in state tuition?  Any one with any experience on this?

12
Are you guys going with the PLUS loan or a private loan?  Jessica said the PLUS loan's fixed rate is 6.9%.  That's actually not too bad, especially since it's fixed.

And on a totally different topic, are you guys all applying for the school's health insurance?  For a single person, it's like $80-something/month.  I'm not sure if that is worth it. 
Its obviously better to pay and not take out a loan right?  If you have the money... I can't imagine an investment that pays 7%...

13
General board for soon-to-be 1Ls / Re: U of Iowa Class of 2009
« on: June 19, 2006, 11:12:27 AM »
I spoke with the financial aid office the other week about disbursment of funds.  First, at the start of orientation we will be able to get our Hawk ID, which we can then use to buy textbooks from the bookstore.  The bookstore only takes campus money and checks, no CCs.  On the 1st day of classes the financial aid money is disbursed, but the school gets first bite at the apple.  The remainder of the funds, what we have to live off, will not be sent to us until the end of the first week.  Which means we really don't get any financial aid money until Aug. 25 or so.

Hawk ID is like a prepaid card, right? or can we "charge" our books on it and pay it once we get our checks?

how odd they don't accept credit cards--they are much more 'safe' than checks. interesting. oh well



The CC is safer BUT when it comes around to getting paid the CC company will take their 1%-5% fee from the University.  By check there is no fee.  Also, they know where we live so its not like we can pass bad checks.

14
General board for soon-to-be 1Ls / Re: U of Iowa Class of 2009
« on: June 16, 2006, 02:55:17 PM »
thanks!  i'm trying to find housing all the way from los angeles, so i can relate to the difficulty. 

been struggling with my decision to go to iowa for a month now, mainly b/c im worried about the job market opportunities and how far the name of the school will take me (or not take me).  plus, im asian and from los angeles, the culture difference is enough to make me hesitant.   :)

please feel free to hit me up with as many housing questions as you need. i'm renting from the CJG place Kevin recommended; I passed it along to him and despite a somewhat cruddy miscommunication in his case (still SO SORRY KEVIN!!) they have been nothing but sweet to me. I worked with Southgate Property Management and they were really pushy and incredibly unresponsive when I pushed them on the tough questions. Also I saw lots of complaints about their responsiveness from current residents when doing an idle search. Heritage Prop Mgmt seemed nice but they were low on properties when I called last. A lot of kids live at the Seville but they were total heffers to me and last I checked they were down to only 2 BR; if you want a 2 BR (which i got) you can get one larger and cheaper than you will find with them.

if you have a particular address and wanna know what it's like i can probably help. i'm from Chicago and I've driven to iowa city three times now. trust me, i'm a lil' worried about the culture shock, too. i'm not sure what i'll do without 5 am nightlife and the city life. but, honestly, iowa city is very peaceful and seeing as we've got a lot of work ahead of us for the next three years it might be necessary. when i think about staying here to go to school i think it woudl be really frustrating--its not like you can afford a fun style of life when you're living on borrowed money.

you will be amazed at how much you can get in iowa city for not a lot of money. the newer places cost more; i would like to rent/buy a condo next year but this year i went with something a little older but super close to campus and VERY clean. family owned, no BS, lots of grad students in the apts, aka quiet. i'm paying 610 for a two bedroom and that includes heat, water, internet and parking. ps: you want to avoid taking a place where you pay for water; it's expensive in iowa city

hope that helps.like i said, let me know if you have any questions

Wow... much cheaper than I was looking at.  I found a really nice place right off the expressway behind a holiday inn for about 825.  It was really nice but only a 1 bedroom, the kitchen is huge which is important b/c we both love to look. 

On the other hand, I noticied you are all food lovers... the Quad cities which is 1 hr away isn't that bad.  Most of those places totally blow away connecticutt and Chicago is only 4 hours away which is by far the best place to buy food in the world (in my humble opinion).  Besides this might give you all a good opportunity to learn how to cook for yourselves.  The vegetables and meats will be very fresh.

15
So when do you think Iowa will start sending out stuff to new students.  My work load is starting to dwindle (a lot of my attorneys don't want me to start on new cases since I'm leaving) and it would be really nice to be able to sift through materials on orientation, health insurance, classes, etc. Just bought a copy of Friedman's History of American Law, thought it might be an interesting read before law school starts.

good question. I hope they send something soon. The LAST thing I want to deal with is a last minute scramble to get things in order while I'm trying to move. History of American law sounds interesting. I picked up a few books myself, but I'd much rather be having fun with my last few months of freedom than studying law.

Well, I still haven't been able to finalize my decision about Iowa but I'm really hoping i can go.  If my wife can find a job then I'm all set.  I'm lining up my moving truck this week and should be ready to move end of July. 

I've received reading information from my other school but nothing from Iowa.  I e-mailed them to ask if there is anything coming up and they said they didn't have anything yet, this was a few weeks ago.  I hope they don't expect us to simply show up... I still haven't secured an apartment or bought any books.. I'm anxious!


16
i wouldnt say bottom half of a T1 gives you much of an advantage over a T3 or T4 grad at the top of his/her class.
granted i am saying this from a regional basis.  a well known T1 schools rep will travel with you a little farther even if you've performed poorly but i wouldnt say employers will be trying to sleep with you or anything.
i'm unaware of what iowa's situation is like, or the surrounding area to iowa, but i will say this.  if there is a regional law school that ranks as a T3 or T4 in the area, i would assume that after the jobs are handed out to the top 20-25% at Iowa then the employers start to look at the other schools.  a top student at a T3 or T4 probably would have performed just as well at a T1. 

so i wouldnt harbor any thoughts that your school is going to pave a golden path for you.  if you dont do well employers arent going to be lining up for you, and if they have another option they will look to it.  i'm not saying you wont find a job, but Iowa isnt ivy and while it has a good rep, its not so amazing that employers would rather have last in the class there then first in the class at Podunk Law School. 

I agree with what you are saying but I have a little different question.  Is it more likely (easier) to get into the top 30% of students at u of Iowa versus trying to be in the top 10% at Kent Law?

My opinion is the top 5% of every school are equally brillant.  However, I'm not going to assume I'm going to make the top 5% I don't think at least.  So I guess it would seem Iowa would be a smarter choice...

17
I would say to the OP, hope for the best and prepare for the worst. Worst being a salary that is lower than you would like. Because with a JD, you are going to land a job, just maybe not your ideal job.

I would also second some of the things other people have said or implied. Don't expect to land your dream job out of OCI. Do things, meet people, network, make opportunities happen, and you increase your chances of getting the job you want.

Grengrl I have a similar issue...  I have a choice between Iowa and Kent law.  When speaking with schools and various students (alumni and non-alumni from the same school).  I understand that if you are a top 25/35% of your class at Iowa you can get into a top law firm.  However, you have to get into the top 10% or better at Kent...

18
General board for soon-to-be 1Ls / Re: The "I Just Resigned" Thread
« on: June 07, 2006, 08:08:36 AM »
i didn't know where else to write about this, so this thread wins-

i am starting to REALLY stress about money. I finally found an apartment, but that means putting down a deposit plus first months rent AND buying tons of furniture because I've never lived in a real apartment before (i lived in a college apartment where we had nothing but beds and desks). I thought I had saved quite a bit of money, but after all this stuff, i'll be out a couple thousand dollars  :'(

I'm also leaving my job June 30th, which means no more income  :(

i just feel really helpless. anyone have words of encouragement?

ps- how much money should I expect to make over the summers in law school? ball park figure?

Well, I would recommend staying a little longer if you can.  I've lived in apartments for about 6 years now (3 in college 4 afterwards) and I've learned a few things:

Get a nice place to live...
Buy at IKEA
Buy groceries don't go out to eat
don't go into credit card debt

Otherwise when I graduated college I had very little money.  I lived in Oak Park (just outside of Chicago).  I slept in an old sleeping bag and had a 13in TV that got 2 channels, that is it, no desk, no tables, nothing.  I lived like that for 7 months until I found an old mattress my parents were giving away so I lived on that for another 6 months.

Sometimes you have to give up little luxeries to stay out of debt.  However, living inexpensively is very easy once you get used to it.  I never had much money when I was younger so it wasn't a big deal for me to step down a little bit.  Now, since I got married, I live much better.  Mostly my wife's doing...

Good luck...

19
General board for soon-to-be 1Ls / Re: The "I Just Resigned" Thread
« on: June 06, 2006, 01:43:02 PM »
I think you should seriously think about what you are about to say before you say something that shows your obvious bias

I guess you need to complete your thought because I'm not sure what bias you're talking about. If you call having many different experiences leaving jobs in different situations, some good and some bad, some under my control and some not, to be "bias," then yes I am biased.

This is not a discussion about whether to give six weeks notice or not. I did, at my job. And whether you realize it or not, you are on my side in this argument. You say that, "When I decided I was going to resign I spoke with several people because I had the same concerns about being let go." Meaning that you carefully considered the environment in which you work before determining how to proceed. I believe the OP should carefully consider how much notice to give, and how to leave this job while minimizing and potential hazards to himself, but at the same time leaving on a positive note.

Curry's whole argument puts the cart before the horse and says that "character" is supposed to determine how you go about leaving a job. If you read his post, you will notice that his advice does not mention considering the particular environment in which you work in order to decide how to leave it. Instead he suggests that you should apply ideals to all circumstances and really not think much more about it, because, "In the end, things will work out."

As far as I'm concerned, getting fired on the spot when you could have worked for six more weeks and earned critical money to pay for law school does not describe a situation "working out." If that's a possibility, the OP needs to consider it.

Your comment about the military not being part of the "real world" and "brainwashing".  Your words carry some significant connotations.  Either way it sounds like you don't like the military.  If that's not the goal of the comment you should be careful what you say... that's the way people took the comment, as being a jab against the military.

Either way, I guess if you're saying you need to be aware of your environment then I agree.  My comment is perhaps to exentuate that fact that you must be really sure before you don't get enough notice.  If your bosses have a habit of firing people on the spot (its happened to everyone before you), then you're probably right to simply say I'm quitting tomorrow and make sure you qualify it by explaining how his past actions have contributed to this situation.  However, people do get fired on the spot for saying dumb things or because the company thinks they are a obvious liability (especially if you were going to a competitor).  Most professional jobs will not do this, because they don't want that get a bad reputation.

Of course, hourly jobs may be different, the only job I quit that was hourly I gave two weeks.  Depends on your importance to your company...

20
General board for soon-to-be 1Ls / Re: The "I Just Resigned" Thread
« on: June 06, 2006, 08:40:07 AM »
Indeed, you are correct that you can't control the way people react. You can only control yourself. You never know who is watching you or what opportunities will come your way simply by taking the high road and having character. In the end, things will work out.  As for your comment about military life, are you suggesting that the military is not "real life"? I'm sure you didn't mean to insult men and women who spend their careers in the military, did you? Are they living somewhat less of a life than yours? :)

This is all pie-in-the-sky idealism and shows a lack of experience with difference situations.

But "not real life" I meant that the military is a very heirarchical government agency in which people have been instilled certain behaviors and beliefs through brainwashing. It is probably a lot more predictable than at companies which have to make money and survive some other way than by spending a virtually unlimited amount of tax dollars.


I think you should seriously think about what you are about to say before you say something that shows your obvious bias. 

However, I am going to address the fact that you mentioned that he doesn't have a variety of experiances from which to draw his conclusions.  However, I work for probably one of the most cut throat businesses in the world.  Its a major corporation in the top 5 companies in the world.  So when I decided I was going to resign I spoke with several people because I had the same concerns about being let go.  I decided to give my company 6 weeks.  They thanked me for giving them a lot of notice and told me I can stay as long as I want.  In fact they would be happy if I stayed until the day before school started. 

If I had given them 2 weeks I would have lost a lot of opportunities.  Also, I would be terrified those around me would have remembered my disrespect for others and if I ever encountered them in business or law I would have been badly viewed.

Remember its not just the company you're going to upset but other employees around you.

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