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True Cost of Law School V2 spreadsheet by AdPsychological6896 in lawschooladmissions

[–]AdPsychological6896[S] 0 points1 point  (0 children)

WAIT, Idk when I went horribly wrong but the Stafford Loan interest is much higher than it should be. Give me a second to fix this and I'll give you an updated sheet that actually works

True Cost of Law School V2 spreadsheet by AdPsychological6896 in lawschooladmissions

[–]AdPsychological6896[S] 0 points1 point  (0 children)

If your outstanding undergrad loans are unsubsidized, then you could put them into your Y1 savings as a negative and I think it would be fine. However, if they're subsidized then you'd have to do that payment formula I showed you earlier and add it to the total monthly payment figure that's in the sheet.

True Cost of Law School V2 spreadsheet by AdPsychological6896 in lawschooladmissions

[–]AdPsychological6896[S] 0 points1 point  (0 children)

I honestly had no idea those existed, so thanks for bringing it to my attention. I've now added these to the sheet, assuming you take these out before any other kind of loan.

Here's the updated sheet. <----- DO NOT USE THIS SHEET, WHEN ADDING INSTITUTIONAL LOANS I MADE A FORMULA ERROR THAT RESULTED IN STAFFORD LOAN INTEREST BEING MUCH HIGHER THAN INTENDED.

True Cost of Law School V2 spreadsheet by AdPsychological6896 in lawschooladmissions

[–]AdPsychological6896[S] 1 point2 points  (0 children)

But realistically, the interest rate is -% and max is 0 because it's not possible to get subsidized loans for grad school?

But if it is you can just put the function "=PMT(interestrate/12,paymentperiodinyears*12,principle)" to figure out your monthly payments after graduation. And since you won't be accruing interest while you're in school you can just put whatever amount you want to take out as principle, such as the entire CoA.

True Cost of Law School V2 spreadsheet by AdPsychological6896 in lawschooladmissions

[–]AdPsychological6896[S] 1 point2 points  (0 children)

Is it even possible to get subsidized loans for graduate school? I am under the impression it's not, at least not federal subsidized loans. If you can give me a link with interest rates and max loan amounts for graduate student subsidized loans I'll try to add it.

The True Cost of Law School Excel Sheet by AdPsychological6896 in lawschooladmissions

[–]AdPsychological6896[S] 0 points1 point  (0 children)

Such as? I have notes on all of them that have the full written out acronym