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# How much debt is everyone going to carry?

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Senior Manager
Joined: 02 May 2004
Posts: 310
How much debt is everyone going to carry?  [#permalink]

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17 Jun 2007, 11:01
Just wondering..I am looking about 50k..ouch!
SVP
Joined: 01 Nov 2006
Posts: 1855
Schools: The Duke MBA, Class of 2009

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17 Jun 2007, 11:38
SVP
Joined: 31 Jul 2006
Posts: 2291
Schools: Darden

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17 Jun 2007, 13:07
You mean like during school, or how much will I accumulate by the time I finish?
Manager
Joined: 06 Feb 2006
Posts: 223

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17 Jun 2007, 17:25
with interest by the payback time, it can be briefed: a lot
Intern
Joined: 20 Oct 2006
Posts: 37

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17 Jun 2007, 17:35
I think I'll carry the trophy in this category. About \$200K - due to a third year in a JD + MBA program.

Everybody can now feel better about their own finances : P
VP
Joined: 29 Apr 2003
Posts: 1377

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17 Jun 2007, 18:29
darren1010 wrote:
with interest by the payback time, it can be briefed: a lot

What do u mean? Financing the MBA is turning out to be as difficult as the GMAT and the application! Every step has been a hurdle!
Manager
Joined: 03 Feb 2007
Posts: 162

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17 Jun 2007, 19:41
0 Dollars!
Manager
Joined: 07 Jan 2006
Posts: 133

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17 Jun 2007, 20:00
\$70K Good Times! Though it could be worse.
VP
Joined: 24 Sep 2006
Posts: 1359

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17 Jun 2007, 21:01
Let's just say that my net worth will go back to just about 0. Although I'll take debt as I don't want to sell my apartment.

L.
Current Student
Joined: 29 Jan 2005
Posts: 5117

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18 Jun 2007, 22:07
kharma wrote:
I think I'll carry the trophy in this category. About \$200K - due to a third year in a JD + MBA program.

Everybody can now feel better about their own finances : P

How much of that can you get covered by loans? I recall reading somewhere that the aggregate Stafford Loan limit for grad/professional students is about \$118K. Are you taking out additional loans to cover the difference.

Intern
Joined: 20 Oct 2006
Posts: 37

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19 Jun 2007, 07:38
GMATT73 wrote:
kharma wrote:
I think I'll carry the trophy in this category. About \$200K - due to a third year in a JD + MBA program.

Everybody can now feel better about their own finances : P

How much of that can you get covered by loans? I recall reading somewhere that the aggregate Stafford Loan limit for grad/professional students is about \$118K. Are you taking out additional loans to cover the difference.

I can get all covered by loans - both the school (NU) and private loans only will cover costs including tuition and cost of living. (I'm non-US so no federal loans here)

The debt is definitely something on my mind, but won't be a deterrent for me. I view this as switching one debt for another (mortgage vs. education). Perhaps more naively than others, my reason for doing this program is not solely the expected financial return. It's part of it, but a larger personal reason drives me: getting the full out education I've dreamed of.
Cheesy? Probably
Current Student
Joined: 29 Jan 2005
Posts: 5117

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19 Jun 2007, 08:00
kharma wrote:
GMATT73 wrote:
kharma wrote:
I think I'll carry the trophy in this category. About \$200K - due to a third year in a JD + MBA program.

Everybody can now feel better about their own finances : P

How much of that can you get covered by loans? I recall reading somewhere that the aggregate Stafford Loan limit for grad/professional students is about \$118K. Are you taking out additional loans to cover the difference.

I can get all covered by loans - both the school (NU) and private loans only will cover costs including tuition and cost of living. (I'm non-US so no federal loans here)

The debt is definitely something on my mind, but won't be a deterrent for me. I view this as switching one debt for another (mortgage vs. education). Perhaps more naively than others, my reason for doing this program is not solely the expected financial return. It's part of it, but a larger personal reason drives me: getting the full out education I've dreamed of.
Cheesy? Probably

You're referring to the joint Kellogg MBA/ NU JD program, right?
Intern
Joined: 20 Oct 2006
Posts: 37

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19 Jun 2007, 08:07
GMATT73 wrote:
kharma wrote:
GMATT73 wrote:
kharma wrote:
I think I'll carry the trophy in this category. About \$200K - due to a third year in a JD + MBA program.

Everybody can now feel better about their own finances : P

How much of that can you get covered by loans? I recall reading somewhere that the aggregate Stafford Loan limit for grad/professional students is about \$118K. Are you taking out additional loans to cover the difference.

I can get all covered by loans - both the school (NU) and private loans only will cover costs including tuition and cost of living. (I'm non-US so no federal loans here)

The debt is definitely something on my mind, but won't be a deterrent for me. I view this as switching one debt for another (mortgage vs. education). Perhaps more naively than others, my reason for doing this program is not solely the expected financial return. It's part of it, but a larger personal reason drives me: getting the full out education I've dreamed of.
Cheesy? Probably

You're referring to the joint Kellogg MBA/ NU JD program, right?

Yep!
Current Student
Joined: 29 Jan 2005
Posts: 5117

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19 Jun 2007, 08:13
Congrats! That's one top gun program. Consider yourself fortunate to be able to wrap up both degrees in three years. The standard par for the course is 4~5.
Intern
Joined: 20 Oct 2006
Posts: 37

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19 Jun 2007, 08:20
GMATT73 wrote:
Congrats! That's one top gun program. Consider yourself fortunate to be able to wrap up both degrees in three years. The standard par for the course is 4~5.

Thanks - The 3 year acceleration is my only consolation regarding any financial relief right now!
Current Student
Joined: 29 Jan 2005
Posts: 5117

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19 Jun 2007, 08:24
kharma wrote:
GMATT73 wrote:
Congrats! That's one top gun program. Consider yourself fortunate to be able to wrap up both degrees in three years. The standard par for the course is 4~5.

Thanks - The 3 year acceleration is my only consolation regarding any financial relief right now!

Sorry be so forward but would you mind posting your stats, backgraound etc?
Intern
Joined: 20 Oct 2006
Posts: 37

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19 Jun 2007, 08:35
Not at all - someone actually asked me to post them on the Kellogg R1/R2 thread somewhere here, but I'll repost:

28 yrs / Female / International
3.5 GPA undergrad / 690 GMAT
Current job: Mergers & Acquisitions in a Fortune 500
Career goals: Still M&A - but using both degrees to better specialize

I was originally waitlisted (R2 applicant) - But I guess my persistence (networking/updates) finally tired admissions...
GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5917
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45

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19 Jun 2007, 11:34
kharma wrote:
Not at all - someone actually asked me to post them on the Kellogg R1/R2 thread somewhere here, but I'll repost:

28 yrs / Female / International
3.5 GPA undergrad / 690 GMAT
Current job: Mergers & Acquisitions in a Fortune 500
Career goals: Still M&A - but using both degrees to better specialize

I was originally waitlisted (R2 applicant) - But I guess my persistence (networking/updates) finally tired admissions...

I know another R1 who got into the JD/MBA program there. Name is Ryan. Say hi to him when you start. He's a nice guy.

Oh and debt: \$0

(But that doesnt mean im not paying for it)
Manager
Joined: 04 Jan 2007
Posts: 53

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19 Jun 2007, 18:21
Another \$0
Manager
Joined: 11 Jan 2007
Posts: 201

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19 Jun 2007, 18:28
probably 60k debt.
&nbs [#permalink] 19 Jun 2007, 18:28

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# How much debt is everyone going to carry?

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