Reply to Did you folks not do ANY saving?

Forum Index » College and University Discussion

Reply to "Did you folks not do ANY saving?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][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]

+1 It's usually not a good idea to go to grad school straight from undergrad.  Work clarifies the grad degree to get, is a boost in admissions, and is a boost with job placement afterwards. It's very hard to make good grad school decisions when you haven't had a bit of a career first. Also, you may find an employer that funds it.[/quote]

+[b]1  Same with my MBA.  You need to have real prior work experience to draw upon to really contribute to discussions and provide context for what you are learning.  My parents paid for my inexpensive state university and it never would have occurred to me to ask them to pay for my grad school.[/quote][/b]

That is true.  Historically the top MBA programs wanted to see their students get some business experience for two years before admission.  But, similarly, the law schools did not.  They took most students straight in from undergrad.  Some, like Columbia law, even offered programs to me that would allow for accelerated law programs by finishing undergrad in 3 years, and then early admit to law school.  That all has changed.  Harvard now would prefer to see students having had two year's off after undergrad but most often that comes in the realm of more academic work such as a MPP, MBA, or Master's overseas.  Or Rhodes, Marshall or Fulbright or other similar scholarships.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics