Law School Discussion

tuition and living expenses entirely out of loans??

MusicMan

Re: tuition and living expenses entirely out of loans??
« Reply #20 on: April 01, 2006, 12:21:42 PM »
I'm 10k in debt now and will probably pay 40k per year.  All with loans.
130k?  It's either biglaw job or south america.

LRAP?

Yea, I guess.  It's going to take some time to pay off.  I won't buy my ticket quite yet

Re: tuition and living expenses entirely out of loans??
« Reply #21 on: April 01, 2006, 02:24:33 PM »
I have a 50K/yr job right now (that I hope will creep up to 60-65K during the course of law school), will be taking out 30K in loans my first year of law school, and maybe 20K for the following 3 years. So, 90K in total. I hope to have about 30K saved up by the time I get out of law school (which I will use either to pay off my UG loans or buy a house), will have my car loan paid off, and can concentrate on getting the 125K - 145K/yr job and paying back the 90K (which will be about $1100 per month for 120 months - according to finaid.org). So, assuming maybe a 6K per month salary, I'd still have $4900 to live on! I think that'd be plenty for me. :)