Assume a cost of living of $22,000 beyond tuition for all these schools. This includes food, apartment, insurance, car stuff, child care, books, etc for two people- as OP has a child. I actually think this number is low, but it can serve it's purpose anyhow.Charleston: $30,000Samford: $28,000Louisville: $26,000 (OOS)Memphis: $31,000 (OOS)Stetson: $29,000South Carolina: $33,000 (OOS)Mercer: $32,000Those are tuition figures for the class of 2010. It will be assuredly higher for the class of 2011.This puts the COA at anywhere from $48,000 to $55,000. His suggestion of $150,000 in debt was not absurd. But let's assume that the OP manages half tuition at one of these schools. That's still over $100,000 in debt. "A good rule of thumb is that your total education debt should be less than your expected starting salary. If you borrow more than twice your expected starting salary you will find it extremely difficult to repay the debt."http://www.finaid.org/calculators/scripts/loanpayments.cgiIf OP does have a fantastic, guaranteed scholarship at one of these schools…then the OP is still borrowing more than twice the expected starting salary (lawyer salaries are bi-modal…botbot can give his spiel on this if he'd like). This quote also assumes no dependents.
Just thought I'd try to get some feedback. I have been reading some of your posts on here, and I am beginning to think I am crazy... I've check LSN and the thing on LSAC.. Still not convinced. LSAT: 149UGPA: 3.1Applied to: CharlestonSamfordLouisvilleMemphisStetsonSouth CarolinaMercer What do you think my chances are? I am a single parent, but that's about all I have to go on, as far as soft factors. Hopefully my PS will be able to explain away a few things...
Gawsh I do wonder this little tidbit. Since we are not aware of OP's state of origin, we do not know of the financial benefits she receives from the state/federal government. We are also unaware of the child support being provided by the baby's other parent. We are also unaware of any other close family support. We are unaware of the salary the OP currently earns. We are not aware of the savings the OP currently possess. Ultimately, you should keep your adorable calculations to yourselves before we are in possession of more relevant data.With that said, we are also not sure of the area of law the OP is interested in practicing. We are also not sure of the area where the OP would like to practice. These are important issues that should be resolved before you go off demonstrating your accounting skills.The potential for success and profit is very difficult to near impossible to calculate at this point. Try again.I return to my main point. Do not offer advice before you see the big picture. The end.
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