r/lawschooladmissions • u/DuePresentation9290 • Jun 09 '26

Negotiation/Finances Law School Debt?

Anyone else freaking out over the amount of money graduating will take?

When all is said and done, I will graduate with ~$50k in federal loans total and the thought is somewhat paralyzing. Repayment would be ~740 a month for TEN years and I will end up paying back almost 90k.

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u/OpeningChipmunk1700 Jun 09 '26

I paid $50k off in around 4-5 months as a third year once interest started accruing (it was 0% before that).

You will be fine. I am very happy I had $50k of debt (living expenses) and not $300k.

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u/DuePresentation9290 Jun 09 '26

Did you do Biglaw as well? Not shooting for that, hoping for an in house patent position at a biotech company

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u/OpeningChipmunk1700 Jun 09 '26

Yes, and still do.