The Septimus Notes

Tuesday, November 29, 2005

|The Deal.|

So, I emailed the Dean at Wisconsin asking for further explanation of the fellowship offer he indicated when he emailed me to accept (!) me.

The non-resident cost for tuition at Wisconsin is about $28.8k. They waive the non-resident "portion," leaving just the resident portion of $11.6k. Then they give a monthly stipend that, in total, adds up to the resident portion of tuition -- actually, it was a little more at $11.7k this school year and is expected to go up as the cost of tuition is expected to go up.

What he said was that most students who receive the fellowship use federal loans (which I'm all about because my credit sucks) to pay the $11-12k that in-state tuition costs and then use the stipend to cover their own costs, which are an estimated $14k for the year (books, food, housing, travel, etc.). I would, then, only need to take out loans for $14-15k: the $2k of estimated costs not covered by the stipend + the $12k of tuition.

And at most I'd only need to do that for the first and 2nd years because the summer after the 2L year, students make, I think on average, $20-30k. So I could come out of law school with a starting salary of at least $100k with only $30k in debt. That's, like, unheard of.

And pretty fucking sweet. Now, the big question: Will I take the Wisconsin offer? Tune-in in about 5 months to find out.

promulgated by SWS2.1 at 02:33.
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