I borrowed $89,100 to cover my tuition and living expenses during three years of law school. I just graduated in May 2011 and have not found a permanent job yet, so I have been forced to ask for a forebearance on my loan repayments.
Even if I can pay my loans off in 10 years, I will still pay a total of at least $144,000 (min. $1200/month) because of compounding interest.
I received $15,000-$20,000 in scholarships every year, held work study jobs continuously after my first year, and never took out my full financial aid award. I graduated 6th in my class of over 200 and was involved in multiple extracurricular activities.
