Loans for Living Expenses Forum
-
- Posts: 38
- Joined: Tue Nov 20, 2012 1:48 pm
Loans for Living Expenses
I currently live in NYC and will be attending law school in the fall, in New York. I am wondering if anyone here has had any success getting a loan that exceeds your law school's estimated cost of living? Furthermore, considering these budgets set by the school seem to only cover the 9-month academic year, what have you done in terms of covering costs during the summer months? Private loans?
- Homelandsagreatshow
- Posts: 168
- Joined: Wed Jan 02, 2013 4:19 pm
Re: Loans for Living Expenses
Interested as well
- JamesDean1955
- Posts: 744
- Joined: Sun Jul 29, 2012 4:06 pm
Re: Loans for Living Expenses
Anyone want to answer this?
I'm curious as well. Most people say the 9-month COA allocation is more than generous and can be used for a 12 month period just on a tighter budget.
After crunching the numbers it seems like an awfully tight budget...
I'm curious as well. Most people say the 9-month COA allocation is more than generous and can be used for a 12 month period just on a tighter budget.
After crunching the numbers it seems like an awfully tight budget...
-
- Posts: 2578
- Joined: Sat Aug 13, 2011 7:33 pm
Re: Loans for Living Expenses
You'd have to get a private loan for that. The stafford and grad plus wont go beyond what is the school's total cost of attendance (which tend to be more generous than what is needed). I'd talk to you the school's financial aid office as they may have an institutional loan, or access to a state loan.
- rinkrat19
- Posts: 13922
- Joined: Sat Sep 25, 2010 5:35 am
Re: Loans for Living Expenses
I've heard of some people being able to get a little more money for LEGITIMATE extra expenses, like childcare. But I don't think it's common.
Either stretch the money over 12 months, or find other funding. Some schools have various options for summer. For example, Northwestern offers practicum classes for credit to go along with your summer externship, which allows you to take out more loans for living expenses, or various fellowships and grants for public interest jobs.
Either stretch the money over 12 months, or find other funding. Some schools have various options for summer. For example, Northwestern offers practicum classes for credit to go along with your summer externship, which allows you to take out more loans for living expenses, or various fellowships and grants for public interest jobs.
- JamesDean1955
- Posts: 744
- Joined: Sun Jul 29, 2012 4:06 pm
Re: Loans for Living Expenses
Awesome, thanks y'all.
I think I can make the COA work over 12 months, it's just a matter of getting on a tighter budget than I'm used to. I also forgot that you can get stipends for PI work your 1L summer, which would certainly help.
I think I can make the COA work over 12 months, it's just a matter of getting on a tighter budget than I'm used to. I also forgot that you can get stipends for PI work your 1L summer, which would certainly help.
Want to continue reading?
Register now to search topics and post comments!
Absolutely FREE!
Already a member? Login