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So apparently you have to have a great credit score to get loans for LS? What would an acceptable score be. I want to make sure that I spend the rest of this year getting my better.

stintez wrote:So apparently you have to have a great credit score to get loans for LS? What would an acceptable score be. I want to make sure that I spend the rest of this year getting my better.

lawl good luck with that

stintez wrote:So apparently you have to have a great credit score to get loans for LS? What would an acceptable score be. I want to make sure that I spend the rest of this year getting my better.

you dont need a great credit score for federal loans. you just can't have bad credit i.e. bankruptcies, charge offs, 90 day delinquencies, etc. Private loans, though, require good credit or a cosigner. keep in mind a good credit score is only necessary for a private loan, not sufficient.

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The only reason your FICO score (aka credit score) would come into play is if you wanted Private Loans. Rev speaks the truth with regard to federal loans and those cover your cost of attendance (schools combine tuition, fees, books, and an estimate for housing and living expenses to come up with cost of attendance). So unless you have a bunch of debt that you will have to pay on in law school (car loan, mortgage, lots of credit card debt) you should be fine with federal loans.

Doritos wrote:The only reason your FICO score (aka credit score) would come into play is if you wanted Private Loans. Rev speaks the truth with regard to federal loans and those cover your cost of attendance (schools combine tuition, fees, books, and an estimate for housing and living expenses to come up with cost of attendance). So unless you have a bunch of debt that you will have to pay on in law school (car loan, mortgage, lots of credit card debt) you should be fine with federal loans.

Sorry to bump an old thread, but just saw an 11 month old $80 collection that brought my score down to 660. Just paid it right now.

Wondering if this post was right, that you can pay the entire CoA with federal loans? What is the maximum amount of these loans you can take out?

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2011Law wrote:

Doritos wrote:The only reason your FICO score (aka credit score) would come into play is if you wanted Private Loans. Rev speaks the truth with regard to federal loans and those cover your cost of attendance (schools combine tuition, fees, books, and an estimate for housing and living expenses to come up with cost of attendance). So unless you have a bunch of debt that you will have to pay on in law school (car loan, mortgage, lots of credit card debt) you should be fine with federal loans.

Sorry to bump an old thread, but just saw an 11 month old $80 collection that brought my score down to 660. Just paid it right now.

Hopefully you were able to negotiate a deletion when you paid the third-party. Ideally, you would like to have a report that is free of the taint of a collection item.