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Messages - jwrig11

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General Board / Re: CC Debt/Student Loan Consolidation [C&F]
« on: August 10, 2011, 06:37:19 PM »
Yes, it is the portion to be used for living expenses. Due to its location, my school allots a ridiculously high figure towards living expenses in its Cost of Attendence estimates. I know I won't need all of it (found a place with really cheap rent) and that the surplus would very easily cover my debt. I agree with your response's logic and just wanted to be sure this has nevet been an issue for anyone else

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General Board / Re: CC Debt/Student Loan Consolidation [C&F]
« on: August 10, 2011, 06:09:43 PM »
Yes, that is what I am asking. My concern stems from the requirement that all federal student loans be used for educational expenses. Don't want them to view it as robbing Peter (government) to pay Paul (bank).

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General Board / CC Debt/Student Loan Consolidation [C&F]
« on: August 10, 2011, 05:48:28 PM »
If I had approx. $700 in CC debt from undergrad (making payments, never defaulted) and used excess student loan money (Grad PLUS) to pay off the balance and close the account - would this present an issue during bar admissions (C&F)? Interest rate on a student loan is <8% compared with +20% APR on credit card. Can't work during first year of school so pretty soon I won't have the income to cover the CC payments. Concern is that bar might view this as student loan fraud and/or poor money management. Credit otherwise is prime. Thanks

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