Financing Law School

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
justadude55
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Joined: Mon Aug 23, 2010 12:23 am

Financing Law School

Postby justadude55 » Wed Oct 27, 2010 11:33 pm

How do student loans work?

If you have a solid credit score, but no guarantor or $160K laying around, can you get a loan to cover the whole cost of law school?

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im_blue
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Joined: Sun Apr 12, 2009 3:53 am

Re: Financing Law School

Postby im_blue » Wed Oct 27, 2010 11:35 pm

Absolutely, anyone with a pulse (without negative credit) can get loans up to the full cost of attendance.

justadude55
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Joined: Mon Aug 23, 2010 12:23 am

Re: Financing Law School

Postby justadude55 » Wed Oct 27, 2010 11:35 pm

i know i couldn't get loans for UG.

in terms of housing, food, a car and a social life--is there an amount one should have saved or will you get loans here as well?

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im_blue
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Re: Financing Law School

Postby im_blue » Wed Oct 27, 2010 11:36 pm

I think UG loans are determined by FAFSA and parental contribution, so you need "financial need" just to qualify for loans. Cost of attendance includes everything - tuition, health insurance, books, rent, food, transportation, personal, etc. Every law school publishes their budget ahead of time, so you know how much you'll need to borrow.

turkeysub
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Re: Financing Law School

Postby turkeysub » Wed Oct 27, 2010 11:38 pm


justadude55
Posts: 963
Joined: Mon Aug 23, 2010 12:23 am

Re: Financing Law School

Postby justadude55 » Wed Oct 27, 2010 11:38 pm

sorry i meant loans outside of stafford. i had the whole fafsa shebang.... like private loans to cover housing/food/having a life. it was a good experience for me, because i might not have manned up without it, but i don't think i can survive law school working 60 hour weeks.

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im_blue
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Re: Financing Law School

Postby im_blue » Wed Oct 27, 2010 11:41 pm

Yeah GradPLUS covers everything that Stafford doesn't.

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YCrevolution
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Joined: Sat Oct 25, 2008 1:25 am

Re: Financing Law School

Postby YCrevolution » Thu Oct 28, 2010 7:38 am

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