Taking out Federal Loans for 3L Year only?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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stuckinthemiddle
Posts: 312
Joined: Fri Dec 14, 2012 2:24 am

Taking out Federal Loans for 3L Year only?

Postby stuckinthemiddle » Sat Mar 23, 2013 9:43 pm

Is it possible to take out loans for only the third year of law school? I'm trying to see if I will have other sources to utilize for the first two years (unlikely, but in that event, I would only want to take out loans for the final year to avoid accruing interest). :?:

Sorry, I am a complete FedLoans noob and I am hesitant to e-mail the schools' financial aid offices because I have not yet sorted out how I'm going to fund law school, and don't want them to make any assumptions. :?

Thanks in advance to anyone with information on this.

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Tiago Splitter
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Joined: Tue Jun 28, 2011 1:20 am

Re: Taking out Federal Loans for 3L Year only?

Postby Tiago Splitter » Sun Mar 24, 2013 11:00 am

Yeah you can take out as little or as much (up to the COA) as you need each year.

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iShotFirst
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Joined: Thu Nov 12, 2009 2:13 am

Re: Taking out Federal Loans for 3L Year only?

Postby iShotFirst » Sun Mar 24, 2013 11:05 am

Of course you can, it is possible and extremely easy. I took out loans for the first year and last semester of the third year, no problem.

qwertyboard
Posts: 176
Joined: Wed Feb 06, 2013 1:03 am

Re: Taking out Federal Loans for 3L Year only?

Postby qwertyboard » Thu Mar 28, 2013 5:50 pm

Im planning on taking loans on 3l too. Less interest on accrued interest.




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