Mimilaw

Class of 2027

First choice school:

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Mimilaw's wisdom for future generations

School apps

Rank	2023-2024	Result	App type	Decision	Decision raw
24	Boston University	Pending	Unknown
14	Georgetown University	Pending	Unknown
4	Harvard University	Accepted, At...	Unknown	Apr 14	2024-04-14

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

shaquilleoatmeal

11:23

nah gotta stay local cant go somewhere, realistically

[] TheAdoptedOne

11:23

if you are concerned with assets playing a part in financial aid then maybe you could set up a trust or an asset in a family member's name

texaslawhopefully

11:24

Yeah, I would say taking out less loans would be better than spending it.

[] TheAdoptedOne

11:24

definitely agree with tha

[] TheAdoptedOne

11:24

t

texaslawhopefully

11:25

Having that money is not going to impact need based grants much since aside from HYS most schools don't give much need based aid (and it's only in the form of loans).

shaquilleoatmeal

11:26

seems like majority take out massive loans though? i was under the impression a significant chunk of students graduate with 100+ in loans

[] TheAdoptedOne

11:26

well that doesnt make it a smart move if you can avoid it

KnowledgableBytch

11:27

@shaquilleoatmeal: big difference between 120k in debt and 400k

myproudestnut

11:27

cant put down the cup

babycat

11:27

they say that about undergrad too. just because people do it doesn't mean you should

myproudestnut

11:27

cant put down the cup

KnowledgableBytch

11:27

pay full sticker for tuition, medival insurance, add in living costs, you are looking at around 400k total cost

shaquilleoatmeal

11:27

i mean if i can have loans pay for the time being than i can use my savings for my mortgage and other life expenses - if that makes sense?

KnowledgableBytch

11:27

not even including opportunity cost - you have a BA, probs could get

KnowledgableBytch

11:27

300k+ working for thsoe three years

myproudestnut

11:27

morning beaver

babycat

11:27

yeah but loans accrue interest

texaslawhopefully

11:27

@shaquilleoatmeal: there's also insanely high interest on those loans, though.

KnowledgableBytch

11:27

it is a 750k+ investment

KnowledgableBytch

11:27

Scholarships can move that back down to half a million

myproudestnut

11:28

i read that as midieval insurance

KnowledgableBytch

11:28

@myproudestnut: morning, balls

[] TheAdoptedOne

11:28

this site does a decent job at calculating loan repayment per school based on median salary and loan info

[] TheAdoptedOne

11:28

part of why i am so high on houston is how fast their grads pay off debt

myproudestnut

11:29

im glove u fool

texaslawhopefully

11:29

@KnowledgableBytch: where the hell are you getting 300k+ working for three years

shaquilleoatmeal

11:29

yea ill have to keep playing around with numbers, appreciate the feedback lsd fam

texaslawhopefully

11:29

very few jobs (apart from management consulting or IB) would even make 6 figures with just a bachelor's

texaslawhopefully

11:29

and even those you won't be saving six figures

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