Pursuing second degree to maxout options: total loan limit? Forum

Anonymous User · Post by **Anonymous User** » Wed Jul 04, 2012 4:44 pm

Question relates to amount of debt you can take on with grad plus loans if doing more edu after law school to further specialize in field of interest.

rad lulz · Post by **rad lulz** » Wed Jul 04, 2012 5:13 pm

You are already anon, so out the programs n whatnot

lawschoolftw · Post by **lawschoolftw** » Wed Jul 04, 2012 6:04 pm

I can't answer your question - but this sounds like financial suicide. I'm not sure what degree you're thinking about pursuing but I can't even imagine one (assuming you want to practice law) that's worth another 80k and two years of lost income.

Anonymous User · Post by **Anonymous User** » Wed Jul 04, 2012 6:09 pm

rad lulz wrote:You are already anon, so out the programs n whatnot

Really just wondering if anyone knows about grad plus loan debt limits/has experience with this type of scenario, not looking for feedback about the particular program or wisdom of doing it.

rad lulz · Post by **rad lulz** » Wed Jul 04, 2012 7:24 pm

Anonymous User wrote:
rad lulz wrote:You are already anon, so out the programs n whatnot

Really just wondering if anyone knows about grad plus loan debt limits/has experience with this type of scenario, not looking for feedback about the particular program or wisdom of doing it.

The beauty of America is that you can get GradPLUS loans to finance your ruinous financial decision.

fatduck · Post by **fatduck** » Wed Jul 04, 2012 7:26 pm

there is no limit on grad plus loans

as long as you don't have adverse credit history (meaning delinquent payments, sadly, "having a retarded amount of debt" doesn't count), you can get more stupid loans

Anonymous User · Post by **Anonymous User** » Wed Jul 04, 2012 8:14 pm

Yeah, maybe not such a good thing, but the fact that higher edu costs are outrageous and that these loans are capped in terms of percentage of income at any one time needed to be paid back seems to me to make taking on very high amounts not categorically a bad decision when it comes to pursuing career path of choice.

Appreciate the answers for sure though!

TTTehehe · Post by **TTTehehe** » Wed Jul 04, 2012 8:23 pm

PT program?

Anonymous User · Post by **Anonymous User** » Wed Jul 04, 2012 8:48 pm

Anonymous User wrote:Yeah, maybe not such a good thing, but the fact that higher edu costs are outrageous and that these loans are capped in terms of percentage of income at any one time needed to be paid back seems to me to make taking on very high amounts not categorically a bad decision when it comes to pursuing career path of choice.

Appreciate the answers for sure though!

Be careful. There is no guarantee IBR will be around by the time you finish your degrees.

Anonymous User · Post by **Anonymous User** » Wed Jul 04, 2012 9:12 pm

TTTehehe wrote:PT program?

OP here: Good call. I'm looking into that, and actually I think that could be ideal. That way I could get experience in the legal area I am interested in (hopefully), bring in some money, and still start to work toward this other degree. I was thinking of going for a PhD in related area of interest to this master's I am now primarily interested in, but really am not ready for that type of time commitment and don't think I'd be ready to submit competitive application for PhD for a number of years anyway. Then also thought of just waiting to get a job that will pay for master's if it relates to whatever work I am doing, but not sure that will happen and I would like to get moving with this plan sooner than later since I am realizing it will probably help me move in the career direction I am most interested in. It is law-related, but not necessarily traditional practice.

Pursuing second degree to maxout options: total loan limit? Forum

Pursuing second degree to maxout options: total loan limit?

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