Student loans.. $50k turning into $200k? Myth or reality?

When a person has such a lack of understanding of basic finances while having an undergraduate degree and soon a law degree, you know the education system is a wreck.

I'm too lazy to math,

School is going to end soon and you are responsible for yourself. If you are lazy and do nothing, life will march on and you will be stuck.

Stop being lazy.

I don't really understand loans anyway as I said before, so any help would be greatly appreciated!

When you signed for them, you accepted them, whether you understand them or not.

Note: I will be graduating from law school with around $50k in debt from loans. Wondering how easily/quickly I'll be able to pay this off when interest is factored in.

$50k is not a lot, but you need to consider the individual loans, their interest rates, and payment options. Make sure you know exactly what loans you have, their interest rates, and who is servicing them.

Budget for them. In the beginning, you can budget merely for minimum payments while you get things sorted out, but you should try to pay them down faster unless you are in some sort of forgiveness program (don't count on it though).

You can learn about budgeting in the sidebar.

/r/personalfinance Thread