Taking loans for a Law School Forum

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oceanmd

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Taking loans for a Law School

Post by oceanmd » Thu Jul 02, 2015 10:05 pm

Hello everybody,

I need advice on the following. I deposited at Law School A and am planning to take loans to finance my education. At the same time, Law School B, where I am on the WL, contacted me regarding my interest. What will happen to my acceptance of loans at school A after I complete loan promissory note if I decide to attend school B. Do I lose leverage with school A after I accept the loans and complete a promissory note?

Thank you

thunderbug

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Re: Taking loans for a Law School

Post by thunderbug » Fri Jul 03, 2015 5:53 pm

A lot going against you getting increased $ from A at this point (or when/if you actually get accepted to B), but it never hurts to try.

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mylifeis24

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Re: Taking loans for a Law School

Post by mylifeis24 » Thu Jul 16, 2015 1:02 pm

oceanmd wrote:Hello everybody,
Do I lose leverage with school A after I accept the loans and complete a promissory note?
Since the only leverage you would have had is not accepting admission until more money was provided, by accepting admission and taking out loans, yes, you lose that leverage.

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