Michigan Law School
Elle Woods went here, 'nuff said.
Budgeting
All the fields below are editable
Total CoA
Annually
Default for University of Michigan is $55,758
Scholarships & grants
Annually
Post-grad income
Annually
Default for University of Michigan is $190,000
Post-grad living expenses
Annually
[IMPORTANT] These estimates are for high level planning only. Things like summer jobs, when you spend your savings, and other financial decisions will impact exactly how much you pay.
Calculations assume a 10-year fixed rate loan.
In-school
Total cost of attendance$315,000
$105,000 x 3
Total scholarships$75,000
$25,000 x 3
Savings$10,000
Debt after three years$230,000
Assuming 10-year fixed rate loan
Total repaid@5.0%$11,500
Interest paid$11,500
After graduation
Annual breakdown
Post-grad income$180,000
Income taxes$60,000
Living expenses$60,000
Loan repayment$2,000
Annual discretionary income$60,000
Monthly breakdown
Post-grad income$180,000
Income taxes$60,000
Living expenses$60,000
Loan repayment$2,000
Monthly discretionary income$60,000
