So Far

[DOWNY says he is leaving. Well, I say no way! Let's tell DOWNY how much we love him to get him to stay.]

DOWNY says he is leaving. Well, I say no way! Let's tell DOWNY how much we love him to get him to stay.

I love DOWNY. DOWNY must return.

 3 (75%)

DOWNY I cannot go a day without your guidance.

 1 (25%)

Total Members Voted: 2

[John Galt]

Bankruptcy is designed for the equitable treatment of creditors and to give relief to overburdened debtors who have fallen on hard economic times. Some loser, who rings up unsecured debt with the hope of discharging it in bankruptcy when the spending spree is over, is pathetic.

[shafter]

Bankruptcy is designed for the equitable treatment of creditors and to give relief to overburdened debtors who have fallen on hard economic times. Some loser, who rings up unsecured debt with the hope of discharging it in bankruptcy when the spending spree is over, is pathetic.

Are you sure?

[homosexual congress]

$150K: T14 + some T20 schools (provided that you want to do biglaw/midlaw)

<$100K: The rest of T1 and strong T2* students looking to do biglaw/midlaw

Gov't loans only: Any weak T2* or T3/T4 + those interested in public interest/gov't work(other than sec & doj) + those looking at small firms


_____________________________ _____________________________ ____________________________
*Weak T2 = T2 in a legal market with a lot of competition from other schools.
*Strong T2 = Regional powerhouse with little competition from T1 schools.

[quidpro]

LOL Shafter!

[attitide]

I go to Florida State, have am $100G+ deep in debt and I don't budlaw care!

[i]

$150K: T14 + some T20 schools (provided that you want to do biglaw/midlaw)

<$100K: The rest of T1 and strong T2* students looking to do biglaw/midlaw

Gov't loans only: Any weak T2* or T3/T4 + those interested in public interest/gov't work(other than sec & doj) + those looking at small firms


_____________________________ _____________________________ ____________________________
*Weak T2 = T2 in a legal market with a lot of competition from other schools.
*Strong T2 = Regional powerhouse with little competition from T1 schools.

Wow, pretty detailed directions here ..

[rouge]

Once made, consolidation loans CANNOT be revoked for any reason (e.g., because the applicant divorces or changes her mind, etc.) because the underlying loans that were consolidated have been paid off and no longer exist.

[NorthEast_1L]

I only acquired $5,000 in undergrad, thanks to attending a state school.  But now that I am at a private institution, my debt will be insane by the time I graduate.  Luckily I have a wife who works, so it greatly mitigates the bills month to month.

[txlawstu]

For anyone that thinks bankruptcy is an option:

Taken from Bankruptcy in Brief. The Moran Law Group website:
"The borrower's bankruptcy options on student loans have shrunk to a very few.  Changes to the Bankruptcy Code in late 1998 made student loans non dischargeable, regardless of the age of the loan, unless the borrower can establish substantial hardship.  Changes in 2005 made even private student loans non dischargeable.

Absent a showing of substantial hardship, the best that bankruptcy can do with respect to student loans may be to eliminate other debts that compete for the borrower's dollars, or to provide a measure of peace during a Chapter 13 case.   Some courts will permit debtors to separately classify student loans in Chapter 13 and pay them a greater percentage than other unsecured debt.

It may also be possible to challenge either the enforceability or the accounting issues surrounding a student loan in bankruptcy."

[citgo]

I go to Florida State, have am $100G+ deep in debt and I don't budlaw care!