Re: How did you pay for college?
My undergrad cost $175,000 including room and board for four years.
$100,000 merit scholarship
$30,000 need based financial aid
$10,000 paid by parents
$10,000 paid by myself
$25,000 in federal loans
Law School will cost $165,000 for three years including living expenses.
$90,000 covered by scholarship
$75,000 covered by a combination of stafford and MEFA loans
This will give me a total of $100,000 in loans, plus an additional $2,500 in accrued interest, averaging out at about 5.9% interest.
I will be making about $35k pretax this coming summer and $160k+ and hopefully a bonus starting in the fall of '09. My salary should rise by at least 7-8% each year, and I haven't decided if I am going to pay off all my loans ASAP or invest the money at a higher rate of return that I'm paying on the loans and just make the normal payments.
|