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Money and Finances
Reply to "Struggling with finances... Don't know what to do anymore"
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[quote=Anonymous][quote=Anonymous]I am the OP. I passed the Maryland bar last year. I don't know why people think I'm blaming Sallie Mae... I never once blamed the student loan companies. I think another post suggested bankruptcy, but I already said that it's not an option. We only have $13,000 in credit card debt and I don't want to file over such a small amount. We've paid off similar debt before in 1-2 years (which is probably why we have no savings, but that's another issue). I want to reiterate: I do not blame the student loan companies; I don't even have loans with Sallie Mae! I took out a CitiAssist private loan my 1L Year and went Graduate PLUS during my 2L and 3L years. I plan on paying them back. I *have* been paying them back. In my defense, my law school claimed the median salary was $125,000 the year I enrolled, and my LSAT score was in the upper 10-25% of the incoming class, so I (mistakenly) assumed I'd do well. My husband's LSAT score (162) was in the middle of the incoming class and he ended up graduating near the top of the class. I graduated at the bottom. For those who asked: the reason we chose that particular law school was because my LSAT score was significantly higher than DH's, and we wanted to go to school in the same city. I think the admissions office used that as leverage to not give me a scholarship, because i found this website called www.lawschoolnumbers.com; literally EVERYONE with my LSAT score got scholarships of at least $20,000. Because they knew I was going there regardless due to DH (I foolishly wrote an addendum on all my applications explaining that we wanted to go to the same school), they didn't offer me a scholarship. Ironically, my DH blames ME for my unemployment and thinks I'm lying about not being able to find employment that pays more than childcare. I'm basically a SAHM now, but he thinks that's a "bullshit job" and that I'm just a bum. [/quote] well your husband is an asshole. that is probably your biggest problem. I'm totally on your side - as I was the PP who posted that law schools are for profit and lie about their employment statistics. It was not unreasonable to think you could easily pay that debt off given the economy at the time you entered school and the lies your school was feeding you. You will find a job and you will do fine over time. The debt is going to be a hurdle and significantly lessen the quality of your life over the next 20 years.[/quote]
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