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College and University Discussion
Reply to "Did you folks not do ANY saving?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] As to law school, the banks no longer provide private loans because the students attending law school have no collateral. You probably know this. FAFSA, however, thinks we are loaded and should be able to afford $100K a year in tuition in after tax dollars (meaning we have to go make $500k to afford the $300K for law school). Can you tell me where a 22 year old can go and get a $300K loan for law school with no collateral today? If so, I would like to know.[/quote] W[b]hy not have your child get a job and go to law school when he's older and doesn't have to count his parents' income/assets?[/quote][/b] Why do you think a minimum wage job during the 10 weeks of summer is going to make a dent in $100K a year grad school bills?[/quote] Everyone in my law school class that worked before school was in a real job: engineer, chemist, political operative. Law school isn't when you're 16. You're not making minimum wage.[/quote] Yes, the only ones who go directly to law school are those with rich parents who can pay. Everyone else works their butt's off and saves, saves, saves. [/quote]
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