WUSTL c/o 2016 Applicants (2012-2013) Forum

[danitt]

My co-signer is insisting I go to Cardozo because UVA is too expensive. I can't even process that. I refuse to. So I'm looking at middle ground schools for options.

wat.

This is what happens with people who aren't educated about the process. They think that you can go to a Tier II school and work hard, be a star and firms will come running to employ you.

[shntn]

Also, UVA will end up around 60k more after including living expenses. Your co-signer is crazy to think giving up the national portability of UVA, and better average outcome is worth saving that 60k.

I think that's the whole problem, right?

[Jay2716]

I've been sitting at complete since 1/16. Applied 12/4. 169, 3.9x
Anyone else with high numbers being held? I mean, I'm 90% I'm going to Vandy, but still... This was supposed to be a safe school for me lol.

Look at last year's profiles, the only people who applied with 168+ who got waitlisted, and didn't apply super late, were people who applied to a BUNCH of schools. I'm guessing its some form of yield protection, maybe it applies to you. Especially if theres no C&F issues etc.

http://lawschoolnumbers.com/puddles13
http://lawschoolnumbers.com/BBL
http://lawschoolnumbers.com/LCG21

What is "super late"? I applied early feb and I'm afraid that's gonna come back to hurt me...

[JadeWest]

can i get a clarification. what's a co-signer?

[shntn]

can i get a clarification. what's a co-signer?

Someone who agrees to be responsible for repaying loans in the event that you can't.

[JayJones78]

can i get a clarification. what's a co-signer?

Someone who agrees to be responsible for repaying loans in the event that you can't.

Do you must have one for law school loans that are not private? (When you're not married)

[WokeUpInACar]

can i get a clarification. what's a co-signer?

Someone who agrees to be responsible for repaying loans in the event that you can't.

Do you must have one for law school loans that are not private? (When you're not married)

No, Danitt is international so private loans are her only option.

[Dmini7]

can i get a clarification. what's a co-signer?

Someone who agrees to be responsible for repaying loans in the event that you can't.

Do you must have one for law school loans that are not private? (When you're not married)

I think it's only international candidates that require one.
Edit:swooped

[shntn]

can i get a clarification. what's a co-signer?

Someone who agrees to be responsible for repaying loans in the event that you can't.

Do you must have one for law school loans that are not private? (When you're not married)

I think it's only international candidates that require one.

Private loans in general, unless your credit is excellent. I think. And for such a large amount, they'd probably require one anyway even if you have amazing credit.

[danitt]

No, Danitt is international so private loans are her only option.

To think I kept my credit score high all these years for nothing!

[JayJones78]

can i get a clarification. what's a co-signer?

Someone who agrees to be responsible for repaying loans in the event that you can't.

Do you must have one for law school loans that are not private? (When you're not married)

No, Danitt is international so private loans are her only option.

Thanks!! Phewwww mild panic attack/mad google search averted.

That said, still have to pay off some past due accounts before I can get my loans. I heard that they won't approve you if you have even one delinquent account on your credit report

[alwayssunnyinfl]

No, Danitt is international so private loans are her only option.

To think I kept my credit score high all these years for nothing!

I hope you end up getting a substantially lower interest rate. That would make it worth it in the end.

6.8/7.9% is an out-fucking-rageous rate for the government to be charging students.

[DoveBodyWash]

No, Danitt is international so private loans are her only option.

To think I kept my credit score high all these years for nothing!

I hope you end up getting a substantially lower interest rate. That would make it worth it in the end.

6.8/7.9% is an out-fucking-rageous rate for the government to be charging students.

Dat lack of assets

[andy261]

No, Danitt is international so private loans are her only option.

To think I kept my credit score high all these years for nothing!

I hope you end up getting a substantially lower interest rate. That would make it worth it in the end.

6.8/7.9% is an out-fucking-rageous rate for the government to be charging students.

Dat lack of assets

It is outrageous, but it exists because A. we don't have any collateral to put up like for house/car loans and B. responsible students basically end up covering some of the cost from the many irresponsible students who default.

[shntn]

Let's table the debt discussion so I can pretend it doesn't exist for just a bit longer.

[Xs20]

Let's table the debt discussion so I can pretend it doesn't exist for just a bit longer.

[shntn]

It's like a drinking problem. If you don't talk about it, it doesn't really exist. THINK ABOUT IT

[alwayssunnyinfl]

It is outrageous, but it exists because A. we don't have any collateral to put up like for house/car loans and B. responsible students basically end up covering some of the cost from the many irresponsible students who default.

The government takes a loss (I think it was like 10 cents on every dollar) on student loans, but it's actually a lot more lucrative than other types of government loan programs, mostly because it's nearly impossible to escape repayment. It's going to be really interesting to see how they reform the system once repayment rates start plummeting, and whether or not they'll start differentiating between schools and degrees.

[JadeWest]

last one. i swear. -->>> is it bad to have no credit?

[shntn]

last one. i swear. -->>> is it bad to have no credit?

Of course.

[alwayssunnyinfl]

last one. i swear. -->>> is it bad to have no credit?

Yes and no. For grad plus loans, you just need to not have bad credit, so you're fine. And once you graduate, your loan repayment will start building credit. Have you never had any lines of credit at all?

[JadeWest]

last one. i swear. -->>> is it bad to have no credit?

Yes and no. For grad plus loans, you just need to not have bad credit, so you're fine. And once you graduate, your loan repayment will start building credit. Have you never had any lines of credit at all?

never.

[Xs20]

last one. i swear. -->>> is it bad to have no credit?

Design majors, amiright?

[alwayssunnyinfl]

last one. i swear. -->>> is it bad to have no credit?

Yes and no. For grad plus loans, you just need to not have bad credit, so you're fine. And once you graduate, your loan repayment will start building credit. Have you never had any lines of credit at all?

never.

You could try to see if a credit card company would extend credit, but unless you have a job, that's pretty difficult in this economy without having a ton of fees and shit that wouldn't make it worth it. Either find a credit card that you won't have to pay any fees or interest on if you pay down your balance every month, or don't worry about it.

[alwayssunnyinfl]

Also, if you buy a car for law school, go used and finance like half of it. That way, you have a loan of $1-2k that you can pay down in the first six months.