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College and University Discussion
Reply to "How do people finance grad school?"
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[quote=Anonymous][quote=Anonymous]I have two friends that worked for law schools (e.g., Georgetown) and received tuition remission. It took longer to finish law school--5 years vs 3 years--but they graduated with significantly less debt. Another friend attended med school and had some funding (small scholarship/fellowship). They also had most of their loans forgiven through a state loan forgiveness program. I was fully funded for my PhD program. I now advise my undergrad students to find a job at a university with a grad program they are interested in, apply to programs that have assistantships, or consider programs that pay off loans after graduation. [/quote] For someone planning to go into Big Law, taking 5 years vs 3 years to graduate really doesn't make financial sense from a opportunity cost perspective. If planning in public interest, this might be a good calculation.[/quote]
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