<p>Actually, the post is not urgent. Nobody ever looks at my posts so I needed to get attention.
Anyway, which would be better, going to NYU for undergrad and law school (43,000 for 4 years and then 55,000 a year for 3 years, respectively) vs George Washington University accelerated BA/JD program (40,000 for 6 years). I would like to work in International Law, and more specifically human rights in other countries.
Basically it is a lot of prestige with 337,000 in debt, or less prestige with 240,000 in debt. Any thoughts?</p>
<p>Of course, you are joking about either of those debt loads? Here is one estimate of the monthly payment for the $240,000 debt:
[quote]
The monthly loan payment was calculated at 119 payments of $2,761.93 plus a final payment of $2,761.57 .</p>
<p>It is estimated that you will need an annual salary of at least $331,431.60 to be able to afford to repay this loan. This estimate assumes that 10% of your gross monthly income will be devoted to repaying your student loans. If you use 15% of your gross monthly income to repay the loan, you will need an annual salary of only $220,954.40 , but you may experience some financial difficulty.
[/quote]
</p>
<p>First 97k is a boatload of money.Second, I wasn't aware that NYU has a lot more prestige than GW.</p>
<p>Forget about $337K of debt. No one will loan you that much money. If you have no money for school you better start looking at your state U. That will be debt enough.</p>
<p>"If there's one thing America needs, it's more lawyers"-Homer Simpson</p>
<p>If you want to do human rights law, you'll be doing it pro bono through the law firm you'll be working at. With that kind of debt load, you can't afford to work full-time at a job that doesn't pay much.</p>
<p>I would SERIOUSLY and STRONGLY consider the community college.</p>
<p>$337,000 at 10.5% (which you can't get, but that's beside the point) = $4,547.31 a month for 10 years</p>
<p>$240,000 at $10.5% (which you also can't get) = $3,288.44 a month for 10 years. </p>
<p>It's actually a little more than that, because you will have to start paying it off the day you get the loan.</p>
<p>I am hoping you are a troll. If not, I really do urge the community college option, relative to these two.</p>
<p>Considering that two weeks ago this person was asking how to game the PSAT, it seems likely that he/she is not serious:</p>