Harvard LL.M. and big loan burden.


Hello everyone. I got into Harvard LLM, just didn´t get enough financial aid. Therefore my debt will go up to $ 80k. I just would appreciate your view on this situation. Rather go to HLS LL.M. and get a huge loan or should I try a different alternative?

 

<p>Hello everyone. I got into Harvard LLM, just didn&acute;t get enough financial aid. Therefore my debt will go up to $ 80k. I just would appreciate your view on this situation. Rather go to HLS LL.M. and get a huge loan or should I try a different alternative?</p><p>&nbsp;</p>
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Inactive User

Is it your dream school and will you regret forever? Then take it. However bear in mind the debt that you are going to incur. There are fine law schools in the US that offer an education as good as Harvard.

If you have a guaranteed job that will enable paying off that debt do it. Otherwise I would have serious reservations about taking all that debt for school.

Is it your dream school and will you regret forever? Then take it. However bear in mind the debt that you are going to incur. There are fine law schools in the US that offer an education as good as Harvard.

If you have a guaranteed job that will enable paying off that debt do it. Otherwise I would have serious reservations about taking all that debt for school.
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llmhls

Are you going to live in a castle during your LLM or are this 80+k your combined debt with debt you already have?
The HLS need based LLM financial aid is not "great" but it is really reasonable in comparison with other universities financial aid. I personally do not see how you could get 80k into debt... for that amount if you watch out you could pay the whole tuition and living costs for the whole program, meaning that you got not a single cent of fin aid. And if you did not get a single cent of fin aid that means that you must have already had a job where you could have put aside at least a few 10 thousend $ hence you would not have to go 80k into debt. So the numbers really dont add up... You should really recalculate the amount and if it really is 80k do not do it. If it is 80k in total with previous student debt, well it depends... if the new debt is like 20,30k that would be a reasonable investment. 40,50 already would not be from my perspective...

Are you going to live in a castle during your LLM or are this 80+k your combined debt with debt you already have?
The HLS need based LLM financial aid is not "great" but it is really reasonable in comparison with other universities financial aid. I personally do not see how you could get 80k into debt... for that amount if you watch out you could pay the whole tuition and living costs for the whole program, meaning that you got not a single cent of fin aid. And if you did not get a single cent of fin aid that means that you must have already had a job where you could have put aside at least a few 10 thousend $ hence you would not have to go 80k into debt. So the numbers really dont add up... You should really recalculate the amount and if it really is 80k do not do it. If it is 80k in total with previous student debt, well it depends... if the new debt is like 20,30k that would be a reasonable investment. 40,50 already would not be from my perspective...
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lutherian

Yes, I am curious about how much they are offering you in grants and other financial incentives. I will apply for next year, but it's an investment, and they don't really say how much they normally give people on the website.

Yes, I am curious about how much they are offering you in grants and other financial incentives. I will apply for next year, but it's an investment, and they don't really say how much they normally give people on the website.
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Assuming that a typical student receives the average grant amount, he/she would get around $23k USD.

Good info here:
http://law.harvard.edu/prospective/gradprogram/llm/index.html

Typical financial aid award is part grant, part loan; everyone in the LL.M. class of 2014-2015 who demonstrated financial need received some form of aid, whether as grant, grant and loan, or loan only
59% of 2014-2015 LL.M.s received need-based aid (grant and/or loan) from or through Harvard Law School
37% of 2014-2015 LL.M.s received grants from other sources within Harvard University (e.g., Albert Sachs scholarships) or non-Harvard sources (e.g., Fulbright scholarships)
For 2014-2015, the average Harvard Law School grant is approximately $23,000; average loan is approximately $25,700

Assuming that a typical student receives the average grant amount, he/she would get around $23k USD.

Good info here:
http://law.harvard.edu/prospective/gradprogram/llm/index.html

<blockquote>Typical financial aid award is part grant, part loan; everyone in the LL.M. class of 2014-2015 who demonstrated financial need received some form of aid, whether as grant, grant and loan, or loan only
59% of 2014-2015 LL.M.s received need-based aid (grant and/or loan) from or through Harvard Law School
37% of 2014-2015 LL.M.s received grants from other sources within Harvard University (e.g., Albert Sachs scholarships) or non-Harvard sources (e.g., Fulbright scholarships)
For 2014-2015, the average Harvard Law School grant is approximately $23,000; average loan is approximately $25,700</blockquote>
quote

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