Funding the LLM

nauy96llm

53 36

Posted Mar 20, 2024 05:47

Hi guys, this post might sound stupid, but it is intended for people that, like me, is struggling with financing the LLM.

Personal situation: USD 20k (savings) + USD 20k (family help) + potentially a monthly help to cover food and other expenses. I'm seeking to receive a scholarship too; probably not that good but still...

With this situation, I'm thinking of taking a loan of USD 50k. Most likely from a local bank. Eventually from Prodigy or similar sources. Prodigy's rate interests almost quadruples the total amount to be finally paid... it's insane.

If any of you is in a similar situation and want to help me out with this, I very much appreciate it!

[Edited by nauy96llm on Mar 20, 2024]

Hi guys, this post might sound stupid, but it is intended for people that, like me, is struggling with financing the LLM. 
Personal situation: USD 20k (savings) + USD 20k (family help) + potentially a monthly help to cover food and other expenses. I'm seeking to receive a scholarship too; probably not that good but still... With this situation, I'm thinking of taking a loan of USD 50k. Most likely from a local bank. Eventually from Prodigy or similar sources. Prodigy's rate interests almost quadruples the total amount to be finally paid... it's insane. If any of you is in a similar situation and want to help me out with this, I very much appreciate it!

quote

techlawyer...

10 20

Posted Mar 20, 2024 12:04

Hi guys, this post might sound stupid, but it is intended for people that, like me, is struggling with financing the LLM.

Personal situation: USD 20k (savings) + USD 20k (family help) + potentially a monthly help to cover food and other expenses. I'm seeking to receive a scholarship too; probably not that good but still...

With this situation, I'm thinking of taking a loan of USD 50k. Most likely from a local bank. Eventually from Prodigy or similar sources. Prodigy's rate interests almost quadruples the total amount to be finally paid... it's insane.

If you are in a similar situation and want to help me with this, I very much appreciate it!

I'm also in the same boat. I wrote to the schools where I got admitted and asked if they could give me a higher tuition waiver/aid. I intend to get a loan from relatives to avoid a high interest rate after the LLM.

[quote]Hi guys, this post might sound stupid, but it is intended for people that, like me, is struggling with financing the LLM. 
Personal situation: USD 20k (savings) + USD 20k (family help) + potentially a monthly help to cover food and other expenses. I'm seeking to receive a scholarship too; probably not that good but still... With this situation, I'm thinking of taking a loan of USD 50k. Most likely from a local bank. Eventually from Prodigy or similar sources. Prodigy's rate interests almost quadruples the total amount to be finally paid... it's insane. If you are in a similar situation and want to help me with this, I very much appreciate it! [/quote]

I'm also in the same boat. I wrote to the schools where I got admitted and asked if they could give me a higher tuition waiver/aid. I intend to get a loan from relatives to avoid a high interest rate after the LLM.

quote

balloonlaw

103 65

Posted Mar 20, 2024 19:16

Please don’t spend $90k on an LLM. The ROI just isn’t worth it. The only schools that might possibly be worth anything close to that are HYSOC + maybe NYU for tax. And that’s only MAYBE. If the schools you’re considering don’t offer significant scholarships, go to another school or just don’t do an LLM. Taking a prodigy loan for an LLM sounds incredibly unwise.

quote