Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
2 posts • Page 1 of 1
- Posts: 48
- Joined: Fri Sep 02, 2011 5:34 pm
My parents are not rich but they're almost done paying down a house. They've offered to take out a second mortgage on the house to lend me money for law school. They'll be able to get a lower interest rate on any loan than I can get so when I pay them back, I can save some money. I'm deciding between T14's and I want to do IP so I have a reasonably good chance of finding a job, but I'm scared to take them up on it because I don't want to end up screwing my parents if I can't land biglaw. Anyone have any thoughts or advice?
- Tom Joad
- Posts: 4528
- Joined: Thu Dec 04, 2008 5:56 pm
I wouldn't do it, but it is nice of them to offer. This is the same reason why I won't take out lower interest private loans, because I would need my parents to co-sign and the added stress of potentially screwing them over isn't worth the extra money.
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