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Old 04-11-2012, 03:28 AM   #11
sybbie719
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Join Date: Aug 2004
Location: NYC
Posts: 13,929
Quote:
Originally Posted by LukeGehman

Is it worth paying $35,000 more per year to go to Macalester over the University of Montana
The bigger question is are your parents comfortable with paying this additional amount of money?

Will they have to take on debt to make this happen?

a few additional things to ponder:

No one is going to loan you this kind of money without a co-signer

The financial aid polices for professional schools is a bit different than it i for undergrad. Even at Harvard, FA starts with you first taking out loans before any need based aid kicks in.

Even though you can borrow the entire cost of attendance through stafford/gradplus loans, your parents income/assets will still be needed to determine your eligibility for need based aid.

You could potentially be looking at over 300k of debt from undergrad and law school?

What is your plan for repaying this? In this economy even being at HYS does not guarantee you a job in big law.
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