International Applicants 2014-15 Forum

[ikethegremlin]

I'm not sure Yale has institutional loans - I looked pretty hard, and couldn't see anything promising. Harvard is the only school that definitely does that, which certainly makes it very attractive from a logistics point of view.

Cycle so far is going pretty well. Hadn't expected to hear positively from so many so early, and getting that JS1 was a really nice (for my time zone) early morning surprise.

In at Berkeley, Michigan and Duke.

Interviews at Chicago and Harvard.

Yet to hear from: Penn, UVA, Columbia, Stanford, Yale, Cornell.

[Hand]

I'm not sure Yale has institutional loans - I looked pretty hard, and couldn't see anything promising. Harvard is the only school that definitely does that, which certainly makes it very attractive from a logistics point of view.

Cycle so far is going pretty well. Hadn't expected to hear positively from so many so early, and getting that JS1 was a really nice (for my time zone) early morning surprise.

In at Berkeley, Michigan and Duke.

Interviews at Chicago and Harvard.

Yet to hear from: Penn, UVA, Columbia, Stanford, Yale, Cornell.

Those are some awesome options already, and congrats on the JS1!

FWIW, Yale refers to institutional loans on their Financial Aid page, which suggests that these exist, but you are right that they do not discuss their availability explicitly, like Harvard, so I'm not sure either.

[blueberrycrumble]

Yale Graduate and Professional International Loan (YGPI) : The YGPI loan is available without a cosigner for international students attending Yale Law School. The YGPI has a fixed interest rate of 7.75%, a 5% origination fee, a 10-year repayment schedule and a 6 month grace period after graduation or enrollment of less than half-time. The loan program also offers incentives such as no payments during graduate study, no prepayment penalties and the ability to pay ahead while in repayment.

Y has institutional loans specifically for internationals. Not available to domestic, unlike H (which may mix some in I believe).

Source: http://www.law.yale.edu/admissions/fina ... ssment.htm

[Hand]

Yale Graduate and Professional International Loan (YGPI) : The YGPI loan is available without a cosigner for international students attending Yale Law School. The YGPI has a fixed interest rate of 7.75%, a 5% origination fee, a 10-year repayment schedule and a 6 month grace period after graduation or enrollment of less than half-time. The loan program also offers incentives such as no payments during graduate study, no prepayment penalties and the ability to pay ahead while in repayment.

Y has institutional loans specifically for internationals. Not available to domestic, unlike H (which may mix some in I believe).

Source: http://www.law.yale.edu/admissions/fina ... ssment.htm

thnx for finding that, crumble!

[blueberrycrumble]

That 7.75% interest though

[Hand]

That 7.75% interest though

yeah, but even stafford loans (which you can only take up to 20K-ish a year), which are to the best of my knowledge the best sort of loans available to domestic students, come with a 6.21% rate. MRGREEN!

[blueberrycrumble]

True. Also who am I kidding - doesn't matter, won't get Y anyway haha

[sorcer]

.

[jawsjawsjaws]

Just got JS1!!!

25th LSAT and above median GPA. Above average softs.

[jawsjawsjaws]

in at Duke/GULC/WUSTL

[musedreverie]

Hey guys! what exactly is an institutional loan? Is that a loan provided by the law school/university itself rather than from bank/federal loan system? I feel so ignorant!

Anyway, the only response I heard back until now is from Harvard with a JS1, and very, very excited about it.

Still yet to hear from Columbia, NYU, UPenn and Chicago.

Sending in Y and S sometime this week, but no real hope for either (below 75th and 2 retakes for LSAT for Y, and no GPA for S will be my setbacks.)

[jawsjawsjaws]

Hey guys! what exactly is an institutional loan? Is that a loan provided by the law school/university itself rather than from bank/federal loan system? I feel so ignorant!

Anyway, the only response I heard back until now is from Harvard with a JS1, and very, very excited about it.

Still yet to hear from Columbia, NYU, UPenn and Chicago.

Sending in Y and S sometime this week, but no real hope for either (below 75th and 2 retakes for LSAT for Y, and no GPA for S will be my setbacks.)

Congrats on JS1!

[blueberrycrumble]

Hey guys! what exactly is an institutional loan? Is that a loan provided by the law school/university itself rather than from bank/federal loan system? I feel so ignorant!

Anyway, the only response I heard back until now is from Harvard with a JS1, and very, very excited about it.

Still yet to hear from Columbia, NYU, UPenn and Chicago.

Sending in Y and S sometime this week, but no real hope for either (below 75th and 2 retakes for LSAT for Y, and no GPA for S will be my setbacks.)

Congrats on the JS1!

And yes, that's exactly right, an institutional loan is provided by the law school as opposed to from the government (federal loans) or a bank (private loans). The institutional loans don't require a US co-signer, so we don't have to burden other people with our loans lol... although they seem to come with a slightly higher interest rate (due to increased risk i guess).

[WeeBey]

Hey guys! what exactly is an institutional loan? Is that a loan provided by the law school/university itself rather than from bank/federal loan system? I feel so ignorant!

Anyway, the only response I heard back until now is from Harvard with a JS1, and very, very excited about it.

Still yet to hear from Columbia, NYU, UPenn and Chicago.

Sending in Y and S sometime this week, but no real hope for either (below 75th and 2 retakes for LSAT for Y, and no GPA for S will be my setbacks.)

Congrats on the JS1!

And yes, that's exactly right, an institutional loan is provided by the law school as opposed to from the government (federal loans) or a bank (private loans). The institutional loans don't require a US co-signer, so we don't have to burden other people with our loans lol... although they seem to come with a slightly higher interest rate (due to increased risk i guess).

I thought it was just the schools cosigning on the loan

[musedreverie]

Congrats on the JS1!

And yes, that's exactly right, an institutional loan is provided by the law school as opposed to from the government (federal loans) or a bank (private loans). The institutional loans don't require a US co-signer, so we don't have to burden other people with our loans lol... although they seem to come with a slightly higher interest rate (due to increased risk i guess).

Thank you for the congrats and the explanation!

This is another huge incentive (amongst 1000+ others) to attend Harvard! I was worried about the astronomical legal education costs

Congrats to you too for your JS1!! (read it from the Harvard thread teehee)

Congrats on JS1!

Thanks again!! Though I suppose we would have to do our JS1s in the dead of the night due to time difference.. I hope I don't end up looking too green over the Skype because of exhaustion

And congrats to you too!!

[blueberrycrumble]

I thought it was just the schools cosigning on the loan

Any source for this? i havent seen this explicitly stated anywhere - my impression was that the school provides the loan.

Ex: H discusses their institution loans in the below two links but make no mention to cosigning with the student

http://law.harvard.edu/current/sfs/basi ... ional.html
http://www.law.harvard.edu/current/sfs/ ... oanProgram

[jawsjawsjaws]

Not too excited to do an interview so late though. Each school needs an international division in their admissions office.

[charrob]

Well done to those of you with good news! I'm hoping to send my applications in this weekend but am still torn as to whether to try for Harvard with an above average. Those of you with JS1s do any of you have an above average GPA or are you all superiors?

Thanks!

And good luck to those of you still waiting!

[taptaptop]

Well done to those of you with good news! I'm hoping to send my applications in this weekend but am still torn as to whether to try for Harvard with an above average. Those of you with JS1s do any of you have an above average GPA or are you all superiors?

Thanks!

And good luck to those of you still waiting!

Mind sharing your LSAT score?

FYI, I know some applicants in the last cycle, here's some situation:

174, above average -- dinged without interview
174, superior -- JS1 then waitlisted then off wl
176, above average -- JS1, then waitlisted then off wl
178, superior -- JS1, JS2

[jawsjawsjaws]

Getting wait listed after js1 sounds brutal ughhhhh

[charrob]

175 so not looking too promising on that basis...?

[musedreverie]

Mind sharing your LSAT score?

FYI, I know some applicants in the last cycle, here's some situation:

174, above average -- dinged without interview
174, superior -- JS1 then waitlisted then off wl
176, above average -- JS1, then waitlisted then off wl
178, superior -- JS1, JS2

wow... was conversing in English an obstacle for them rendering the interview difficult...? That sounds really harsh, to have such good LSAT scores and to be waitlisted.

which country are you (or they) from?

[taptaptop]

175 so not looking too promising on that basis...?

You should totally give it a shot! The worst thing that could happen is wasting about 100 bucks, but getting in Harvard sounds *kinda* sweet.

[taptaptop]

which country are you (or they) from?

They are from different countries: France, China, England

[charrob]

I totally agree generally but the other option is to go for the ED at Northwestern with the $150k scholarship. I love Chicago, have friends there and would love to be debt free (plus NU is a great school) but Harvard is Harvard which as you said is definitely kinda sweet! Where did your friends end up? Did they get scholarships?