Under any circumsatnce good to go w/ private loans?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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scifiguy
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Joined: Sat Sep 15, 2012 2:41 pm

Under any circumsatnce good to go w/ private loans?

Postby scifiguy » Fri Jan 18, 2013 9:48 am

It seems like most people go with government school loans for law school.

Are there any circumstances under which it is a good idea to go with private loans? I know that paopel have said that the rates may be adjustable and can hurt you later in interest. But suppose a person has a very low expected loan need (maybe b/c of a scholly and savings, etc.) of like $30K. Would that situatoin or any other make private loans better?

eerie_erie
Posts: 174
Joined: Thu Dec 27, 2012 2:05 pm

Re: Under any circumsatnce good to go w/ private loans?

Postby eerie_erie » Fri Jan 18, 2013 12:45 pm

No, I think you should still go with government loans. Most people turn to private loans only because they are not eligible for government loans. If you are still uncertain, asking questions for the financial aid office for any law schools that you've already been admitted to is good as well. Usually the staff there are very helpful and friendly. After all, they want you to attend their school!




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