house loan --> loan for law school impact

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
arthur
Posts: 31
Joined: Mon Oct 05, 2009 1:23 pm

house loan --> loan for law school impact

Postby arthur » Thu Jul 01, 2010 2:38 pm

i just took out 400k loan for this condo i just bought. i'm planning to attend law school next fall (2011). would this 400k loan be a problem when i try to get loan for law school?

thanks in advance for your inputs!

03121202698008
Posts: 3002
Joined: Fri Jul 17, 2009 2:07 am

Re: house loan --> loan for law school impact

Postby 03121202698008 » Thu Jul 01, 2010 2:40 pm

arthur wrote:i just took out 400k loan for this condo i just bought. i'm planning to attend law school next fall (2011). would this 400k loan be a problem when i try to get loan for law school?

thanks in advance for your inputs!


Not if you pay it on time. Federal student loans (Stafford, Grad Plus, etc) only care about an adverse credit history...not lack of credit or how much you have outstanding.




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