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270k debt (expected), V5 secure, how in trouble?
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Date: June 29th, 2012 8:15 PM Author: Pearl exhilarant international law enforcement agency Midtown firm. 20k is from undergrad. Rest is from sticker at CLS/NYU. How in trouble am I? (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20986456) |
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Date: September 15th, 2012 9:14 PM Author: Marvelous indecent reading party spot http://i.imgur.com/laXjw.jpg (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#21588542) |
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Date: September 15th, 2012 10:24 PM Author: lilac vivacious pistol Tyft (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#21589059) |
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Date: September 15th, 2012 9:59 PM Author: buff appetizing church you qualify for IBR: http://xoxohth.com/thread.php?thread_id=2053591&mc=1&forum_id=2 (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#21588822) |
Date: June 29th, 2012 8:18 PM Author: swollen dashing doctorate faggotry normal (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20986478) |
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Date: June 29th, 2012 8:19 PM Author: Pearl exhilarant international law enforcement agency How long will this take me to pay off assuming 2k rent (shared two bedroom in Mitown West + my half of utilities/ bi weekly maid)? (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20986491) |
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Date: June 29th, 2012 9:44 PM Author: swashbuckling navy site 10 years. (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20987087) |
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Date: June 29th, 2012 9:49 PM Author: Mind-boggling Coral Pit Feces 40K/yr? (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20987137) |
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Date: September 15th, 2012 9:12 PM Author: alcoholic contagious tattoo queen of the night 6-8% interest is a huge ass fucker. (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#21588530) |
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Date: June 29th, 2012 8:20 PM Author: Mind-boggling Coral Pit Feces hahahahah, you ppl are fucking insane. the more i read this shit, the more i think law school students deserve what they get. (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20986504) |
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Date: June 29th, 2012 8:25 PM Author: Pearl exhilarant international law enforcement agency ?
Just because you got subsidized loans at 3% or whatever doesn't mean everyone is like you or that I didn't do my research beforehand. Sorry I didn't want to gamble with ONLY 190k debt from Michigan/UVA by taking the scholly. And I lol that you old XOers rail against boomers but can't fathom anyone paying full price for a T6 now that interest rates and tuition are higher. |
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Date: June 29th, 2012 8:27 PM Author: Mind-boggling Coral Pit Feces you went a quarter million dollars in debt to go to law school after the bubble burst. You must be out of your fucking mind. Enjoy paying off your fucking 1/4 million dollar debt especially after realizing what a shithole the profession is. hahahahahahahahahaha (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20986551) |
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Date: June 29th, 2012 8:34 PM Author: Pearl exhilarant international law enforcement agency Oh because toiling away at 9-5. 50k/yr with a lib arts degree is what every xo striver with their brown/dart/penn poly sci degree would have done when they had a very good chance at making a career for themselves at a school that still places ~80% into 160k+bonus firm jobs. It's just ironic to me that you rail against boomers who had it SOOO much better than you but then when you had it better than my generation someone people who made a >EV long term financial decision (albeit a less +EV one due to external conditions beyond ones control) that person is a MORON. lolwow (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20986574) |
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Date: June 29th, 2012 8:38 PM Author: Mind-boggling Coral Pit Feces i don't rail against boomers faggot. Stop tilting at xoxo cliches to justify your fucking retarded decision to go 250K into debt for law school. Enjoy your soul crushing debt and 8% interest. You'll be paying that shit off for 20 years after you flame out of biglaw and end up making 80K somewhere. You are seriously going to want to killself. Holy shit you fucking little faggots are pathetic. (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20986585) |
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Date: June 29th, 2012 8:40 PM Author: Black rigpig Your EV does not take into account the soul crushing BS work that is BIGLAW.... (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20986603) |
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Date: June 29th, 2012 8:41 PM Author: Mind-boggling Coral Pit Feces don't worry. he'll be forced out in a couple years. (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20986608) |
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Date: June 29th, 2012 8:26 PM Author: cordovan rambunctious property Where is HAHAURFUCKED when you need him? (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20986542) |
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Date: June 29th, 2012 8:27 PM Author: Cowardly poppy toilet seat shitlib (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20986549) |
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Date: June 29th, 2012 8:28 PM Author: 180 codepig Sucks that a shitload of income is spent before you even smell it, but if you make a decent career and don't get shitcanned this decade you'll get to $0 (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20986553) |
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Date: June 29th, 2012 8:29 PM Author: Provocative Idiot Dragon How about 120k debt in non-NYC city with a firm that doesn't fuck it's associates with a lockstep bonus? (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20986559) |
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Date: June 29th, 2012 8:34 PM Author: Black rigpig If your family is rich, then you're fine. Otherwise you will feel intense stress when you can't stand the job anymore after a couple of years but feel the loans crushing you.... (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20986572) |
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Date: September 15th, 2012 9:12 PM Author: vengeful gay wizard center This. U must work 5 yrs min (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#21588529) |
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Date: June 29th, 2012 9:35 PM Author: Topaz Wild Persian Mexican Aren't you paying $20k/ yr on interest alone?
That's like 1600/month purely on interest.
Put another way, the average BIGLAW associate lasts about 3 years. You'd pay off that much in loans in 3 years if you put EVERY SINGLE PENNY of your paycheck into loans. |
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Date: June 29th, 2012 9:44 PM Author: Trip Vermilion Ticket Booth Rigor It is just sad that LS was just 32k tuition a few years ago like 2006 and now it is insane 50k and ppl have 250k in debt which even on a BIGLAW salary is simply insane esp if you are paying 6% interest. That is just insane.
When I graduated loans were 3% when I consolidated. Having a lot of debt was like 100k. It was still manageable.
It is just sad. You should consider kill self bro. Sorry, but I mean you likely wont pay off 270k especially living a MFH lifestyle |
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Date: June 29th, 2012 9:46 PM Author: high-end irradiated range potus WELL IM JUST A SIMPLE RETIRED SOLDIER BUT..... (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#20987096) |
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Date: September 15th, 2012 9:05 PM Author: Angry Orchid Point Marketing Idea (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#21588486) |
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Date: September 15th, 2012 9:06 PM Author: lilac vivacious pistol bro i had 160k of debt that i have only just finished paying off after FOUR years and i want to kill self.
think about that. |
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Date: September 15th, 2012 9:09 PM Author: Sooty pervert principal's office It's a lot of debt but you'll be fine. If you were just a poli sci shithead it was a totally reasonable decision. gl bro. (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#21588512) |
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Date: September 15th, 2012 9:13 PM Author: Gay home 2k rent you faggot. your location doesn't matter - you can live for less (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#21588535) |
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Date: September 15th, 2012 9:51 PM Author: Vibrant blue nursing home digit ratio 2k is not bad in manhattan. I don't think he can live for much less. (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#21588752) |
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Date: September 15th, 2012 10:21 PM Author: Purple Death Wish My brother lives in bed stuy with roomies for 650. He can bring rent down significantly. Just do Harlem/wash heights with roomies, bro. (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#21589034) |
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Date: September 16th, 2012 3:50 AM Author: shimmering curious theatre skinny woman bed stuy? wtf? (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#21590890) |
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Date: September 15th, 2012 9:50 PM Author: Vibrant blue nursing home digit ratio Just go very aggressive your two years to get the total interest payments under control - you should be able to cut that in half or so. (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#21588745) |
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Date: September 15th, 2012 9:54 PM Author: buff appetizing church put in 3 years, lateral to gov't, cop dat pslf while working 9-6 for 10 years, then come back as a partner just before you hit 40. this will give you the greatest financial outcome and will let you live a decent life in your late twenties / mid thirties, instead of wanting to kill yourself daily. (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#21588778) |
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Date: September 15th, 2012 10:29 PM Author: supple whorehouse community account Do law firms hire that many run of the mill ex-government/regulator types? I thought, generally speaking, government is where talent goes to die. (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#21589108) |
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Date: September 15th, 2012 10:05 PM Author: Lime Degenerate Police Squad I bet you had some 1.375% loans. (http://www.autoadmit.com/thread.php?thread_id=1982904&forum_id=2#21588883) |
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Date: September 15th, 2012 10:55 PM Author: demanding laughsome forum yarmulke Totally doable. On $160K, you should be taking home $8K or so post-tax. These are 30 year loans?
You'll want to stay in Biglaw for five years. If you can do that and live a law school lifestyle for five years, you can pay this off. |
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Date: September 16th, 2012 3:30 AM Author: Maize embarrassed to the bone ladyboy 270 takes into account interest until the repayment period, right
because i took out less than 200k and ended up with slightly more than 200k by the time of repayment
that said, you're looking at 7 years minimum if you live like a reasonable person
and no matter what, do not have kids until you have paid off your loans |