30 Mar
How can I finance law school with a $54,000 settlement despite being almost $200,000 in debt from loans?
Posted in motor vehicle accident on 30.03.11
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I really need your help with my situation that I am in. I just graduated from top-30 undergraduate school in May of 2010 and I really want to go to law school, but I have almost 0,000 in debt (yes, two-hundred thousand) and I don’t know what to do.
I’m about to get paid a settlement of ,000 (my tax-free, in-pocket amount after lawyer fees) for a motor vehicle accident that happened three years ago. I want to make this money not only work for me, but somehow be the ticket that allows me to somehow finance law school. With interests rates incredibly low right now, there seems to be few options for me to have this money grow.
I’m not concerned about retirement right now, though I intend to open a Roth IRA once I get the money. I’m most concerned about financing a likely ,000 a year law school tuition which would last probably four years. My loans are pretty problematic in that they are making it impossible for me to apply for any more loans, which is the real problem, I suppose.
How can I invest my money or use my money to help me achieve my goal of attending law school in a year or so? Is it even feasible? Thank you so much for helping.
2 comments on this topic
30. March - 7:25 pm
Thats it. Screw university, im going to college
30. March - 7:25 pm
With $54,000 going towards law school, it does sound pretty good, but you need to know, that being in law school takes a lot more money over the years. The money can start off good, but for you being in $200,000 in debt…you need to consolidate some loans of pay off some.
Good luck in your venture and law school!
30. March - 7:25 pm
i dont know
30. March - 7:25 pm
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