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jamesrwrightiii
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How much debt is everyone going to carry? 17 Jun 2007, 11:01
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Just wondering..I am looking about 50k..ouch!
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aaudetat
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How much debt is everyone going to carry? 17 Jun 2007, 11:38
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off the top of my head - about $80k
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pelihu
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How much debt is everyone going to carry? 17 Jun 2007, 13:07
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You mean like during school, or how much will I accumulate by the time I finish?
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darren1010
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How much debt is everyone going to carry? 17 Jun 2007, 17:25
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with interest by the payback time, it can be briefed: a lot :(
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kharma
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How much debt is everyone going to carry? 17 Jun 2007, 17:35
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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
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sm176811
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How much debt is everyone going to carry? 17 Jun 2007, 18:29
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darren1010
with interest by the payback time, it can be briefed: a lot :(
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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!
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IHATEMELGIBSON1
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How much debt is everyone going to carry? 17 Jun 2007, 19:41
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0 Dollars!
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MoonShine
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How much debt is everyone going to carry? 17 Jun 2007, 20:00
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$70K Good Times! Though it could be worse.
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lepium
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How much debt is everyone going to carry? 17 Jun 2007, 21:01
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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.
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GMATT73
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How much debt is everyone going to carry? 18 Jun 2007, 22:07
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kharma
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
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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.

Overall, your total debt and first year post grad salary should be about the same.
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kharma
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How much debt is everyone going to carry? 19 Jun 2007, 07:38
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GMATT73
kharma
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.

Overall, your total debt and first year post grad salary should be about the same.
Show more



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 :wink:
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GMATT73
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How much debt is everyone going to carry? 19 Jun 2007, 08:00
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kharma
GMATT73
kharma
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.

Overall, your total debt and first year post grad salary should be about the same.


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 :wink:
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You're referring to the joint Kellogg MBA/ NU JD program, right?
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kharma
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How much debt is everyone going to carry? 19 Jun 2007, 08:07
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GMATT73
kharma
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kharma
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.

Overall, your total debt and first year post grad salary should be about the same.


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 :wink:

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



Yep!
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GMATT73
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How much debt is everyone going to carry? 19 Jun 2007, 08:13
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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.
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kharma
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How much debt is everyone going to carry? 19 Jun 2007, 08:20
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GMATT73
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.
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Thanks - The 3 year acceleration is my only consolation regarding any financial relief right now! :P
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GMATT73
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How much debt is everyone going to carry? 19 Jun 2007, 08:24
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kharma
GMATT73
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! :P
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Sorry be so forward but would you mind posting your stats, backgraound etc?
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kharma
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How much debt is everyone going to carry? 19 Jun 2007, 08:35
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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...
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rhyme
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How much debt is everyone going to carry? 19 Jun 2007, 11:34
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kharma
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...
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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)
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brown
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How much debt is everyone going to carry? 19 Jun 2007, 18:21
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Another $0
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antapple
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How much debt is everyone going to carry? 19 Jun 2007, 18:28
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probably 60k debt.
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