Loans beyond COA or Increased COA

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
novab
Posts: 82
Joined: Tue Oct 12, 2010 12:27 pm

Loans beyond COA or Increased COA

Postby novab » Sat Mar 12, 2011 10:15 pm

Are there any school loans available beyond COA? I am in a difficult situation for my first year. I am coming in to school supporting my longtime boyfriend. He is overseas in school and he will be there until next May. I currently work but pay the bills our cars, insurance, etc. Once I get to law school, I already know that I will need money beyond what the COA is and I was wondering if there were any loans that anyone knew of that are available to law students that are beyond the COA.

Also, can you negotiate with your school or request an increase in your COA?

novab
Posts: 82
Joined: Tue Oct 12, 2010 12:27 pm

Re: Loans beyond COA or Increased COA

Postby novab » Sat Mar 12, 2011 10:18 pm

I'll also note that I have received scholarship funds that bring my tuition to well under 10K per year, so its not as though I would be taking out 75K in loans.

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Pricer
Posts: 558
Joined: Tue Jan 19, 2010 9:25 pm

Re: Loans beyond COA or Increased COA

Postby Pricer » Mon Mar 14, 2011 4:21 am

novab wrote:I'll also note that I have received scholarship funds that bring my tuition to well under 10K per year, so its not as though I would be taking out 75K in loans.


For undergrad, I went in state to a public Georgia university, and the HOPE scholarship covered full tuition. I was still offered full tuition + cost of living loans every semester, despite not having to pay tuition. Law school may be completely different, but you may be able to take out loans to cover full tuition + cost of living even though you have scholarships to cover a lot of the actual tuition price.

skippy1
Posts: 96
Joined: Tue Aug 10, 2010 1:56 am

Re: Loans beyond COA or Increased COA

Postby skippy1 » Thu Mar 17, 2011 2:26 pm

It is my understanding that you can request the school to increase COA. I am in a similar situation and am asking for an increase in COA to cover higher living expenses first year. Contact the school and explain your situation.

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Hattori Hanzo
Posts: 659
Joined: Wed Oct 07, 2009 12:17 am

Re: Loans beyond COA or Increased COA

Postby Hattori Hanzo » Thu Mar 17, 2011 2:27 pm


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pixytree
Posts: 175
Joined: Mon Dec 20, 2010 12:35 pm

Re: Loans beyond COA or Increased COA

Postby pixytree » Mon Mar 21, 2011 2:09 am

Most schools explicitly state that they won't cover consumer debt (car, credit cards, etc.) with COA increases so you're on your own with some of that. They will cover housing, medical and a few other necessities. Check with your school.




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