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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] [b]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][/b] I really doubt what you are saying. I went to the T1 law school right out of undergrad. Back then, students did go right into law school out of undergrad. HOwever for Harvard business, they took two years off, as a general rule. Today, Harvard Law wants to see two years off, which is a change from when I attended, but none of them have "REAL jobs" as engineer chemist political operative - - you know as well as I do that those titles come long after two years out of undergrad. The students who enter Harvard Law today usually have spent their two years getting a master's from london school of economics, master's from Oxbridge, or D.Phils, or other master's degrees from abroad. No one in my law school class had "a real job: engineer chemist politic operative". They were all one year out of college.[/quote]
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