Do some schools really convert $$$$$ when you tranfer Forum

Yanky91 · Post by **Yanky91** » Tue Mar 04, 2014 3:55 pm

Someone told me that some schools convert your merit scholarship to a loan if you transfer after your first year. So if I have a full ride at law school x, and decide to transfer to Harvard after my 1L, that full ride for 1L is turned into a loan that I have to pay back to the school. Is this true?

BigZuck · Post by **BigZuck** » Tue Mar 04, 2014 3:55 pm

lakers180 · Post by **lakers180** » Tue Mar 04, 2014 3:56 pm

lol no

Bildungsroman · Post by **Bildungsroman** » Tue Mar 04, 2014 4:00 pm

I remember hearing about some CA shitheap doing this, but I think most schools do not. Check with the school.

Tiago Splitter · Post by **Tiago Splitter** » Tue Mar 04, 2014 4:08 pm

Thomas Jefferson did this at one point and still might. I'd recommend a retake.

patogordo · Post by **patogordo** » Tue Mar 04, 2014 4:10 pm

Winston1984 · Post by **Winston1984** » Tue Mar 04, 2014 4:55 pm

Tiago Splitter wrote:Thomas Jefferson did this at one point and still might. I'd recommend a retake.

I'd like to meet someone that transfered to TJ.

sublime · Post by **sublime** » Tue Mar 04, 2014 5:10 pm

PinkRevolver · Post by **PinkRevolver** » Tue Mar 04, 2014 5:18 pm

Yanky91 wrote:Someone told me that some schools convert your merit scholarship to a loan if you transfer after your first year.

Yes, it's true. It happened to me and to my friend when we transferred from our T50 after 1L. They said if I pay within 2 years there will be no penalty. $15k plus interest

. Luckily I landed Biglaw through my new school's OCI so I can pay it all off this summer. But it's still sad to see half of my earnings go down the drain. PM if you want more specific detail.

Yanky91 · Post by **Yanky91** » Tue Mar 04, 2014 5:18 pm

I'm not in law school yet and I'm not going to Thomas Jefferson. I got accepted to much better schools with full Duritos!!!!! I just wanted to see if it was true just in case I do decide to transfer.

Tiago Splitter · Post by **Tiago Splitter** » Tue Mar 04, 2014 5:19 pm

sublime wrote:
Winston1984 wrote:
Tiago Splitter wrote:Thomas Jefferson did this at one point and still might. I'd recommend a retake.
I'd like to meet someone that transfered to TJ.

He means transferring out of TJ.

Although I would like to meet someone who transfers into TJ

Yanky91 · Post by **Yanky91** » Tue Mar 04, 2014 5:20 pm

PinkRevolver wrote:
Yanky91 wrote:Someone told me that some schools convert your merit scholarship to a loan if you transfer after your first year.
Yes, it's true. It happened to me and to my friend when we transferred from our T50 after 1L. They said if I pay within 2 years there will be no penalty. $15k plus interest . Luckily I landed Biglaw through my new school's OCI so I can pay it all off this summer. But it's still sad to see half of my earnings go down the drain. PM if you want more specific detail.

See you guys! IT IS TRUE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

californiauser · Post by **californiauser** » Tue Mar 04, 2014 5:23 pm

PinkRevolver wrote:
Yanky91 wrote:Someone told me that some schools convert your merit scholarship to a loan if you transfer after your first year.
Yes, it's true. It happened to me and to my friend when we transferred from our T50 after 1L. They said if I pay within 2 years there will be no penalty. $15k plus interest . Luckily I landed Biglaw through my new school's OCI so I can pay it all off this summer. But it's still sad to see half of my earnings go down the drain. PM if you want more specific detail.

out the school

Yanky91 · Post by **Yanky91** » Tue Mar 04, 2014 5:32 pm

Tiago Splitter wrote:Although I would like to meet someone who transfers into TJ

Your mom transferred into TJ.

Tiago Splitter · Post by **Tiago Splitter** » Tue Mar 04, 2014 5:36 pm

Yanky91 wrote:
Tiago Splitter wrote:Although I would like to meet someone who transfers into TJ
Your mom transferred into TJ.

That just happened

Winston1984 · Post by **Winston1984** » Tue Mar 04, 2014 5:37 pm

sublime wrote:
Winston1984 wrote:
Tiago Splitter wrote:Thomas Jefferson did this at one point and still might. I'd recommend a retake.
I'd like to meet someone that transfered to TJ.

He means transferring out of TJ.

Sorry for the reading comp fail

Ricky-Bobby · Post by **Ricky-Bobby** » Tue Mar 04, 2014 5:39 pm

californiauser wrote:
out the school

Yanky91 · Post by **Yanky91** » Tue Mar 04, 2014 5:43 pm

http://www.youtube.com/watch?feature=pl ... U8TfVzbxGQ

PinkRevolver · Post by **PinkRevolver** » Mon Mar 17, 2014 8:49 pm

As I said, you can PM if you want specifics. To be fair to the school, even though I really hate them, I will say that at least they are only giving me a 2% interest rate if I pay them back within 2 years.

downinDtown · Post by **downinDtown** » Tue Mar 18, 2014 12:58 am

PinkRevolver wrote:As I said, you can PM if you want specifics. To be fair to the school, even though I really hate them, I will say that at least they are only giving me a 2% interest rate if I pay them back within 2 years.

Based on your post history, I'm guessing Fordham. Amirite? That Upper West Side rent can be expensive...

Yanky91 · Post by **Yanky91** » Tue Mar 18, 2014 1:06 am

PinkRevolver wrote:As I said, you can PM if you want specifics. To be fair to the school, even though I really hate them, I will say that at least they are only giving me a 2% interest rate if I pay them back within 2 years.

I did, and you responded...... I think

star fox · Post by **star fox** » Tue Mar 18, 2014 1:10 am

Fordham really does this? Wow, I'm shocked.

PinkRevolver · Post by **PinkRevolver** » Tue Mar 18, 2014 1:11 am

downinDtown wrote:
PinkRevolver wrote:As I said, you can PM if you want specifics. To be fair to the school, even though I really hate them, I will say that at least they are only giving me a 2% interest rate if I pay them back within 2 years.
Based on your post history, I'm guessing Fordham. Amirite? That Upper West Side rent can be expensive...

Nope, not Fordham

PinkRevolver · Post by **PinkRevolver** » Tue Mar 18, 2014 1:12 am

Yanky91 wrote:
PinkRevolver wrote:As I said, you can PM if you want specifics. To be fair to the school, even though I really hate them, I will say that at least they are only giving me a 2% interest rate if I pay them back within 2 years.
I did, and you responded...... I think

lol, yes we spoke.

PinkRevolver · Post by **PinkRevolver** » Tue Mar 18, 2014 1:13 am

john7234797 wrote:Fordham really does this? Wow, I'm shocked.

No it's not Fordham. I was at a now much lower ranked school outside of NY.

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