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Messages - SanchoPanzo

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1
qmmm is correct. For example, my lender allowed sends me a notice (not really a bill) showing the accrued interest every 3 months even though I opted NOT to pay interest while in school. I can pay it or choose not to. Essentially, any payments I make while in law school is put towards any interest I've accrued. However, I don't have to send them a dime since I opted not to pay interests.

of course, i can't say this is the same with ALL lenders. My lender is MEFA.

I could be wrong, but you're also not losing anything by saying yes to paying interest payments while in school. It gives you the option to, but you are not under obligation to do so. So if you change your mind and don't pay or don't pay for a particular month, it has no effect on you than if you had said no from the get-go.

I'm not sure that you can claim that you are 'not under obligation' to make the interest payments.  I suspect that this is strongly dependent on the particular lender and you may be obligated to pay or suffer some sort of penalty.  I further suspect that for private loans, especially those that tie your interest rate into your repayment plan, you would be obligated to pay on time.

Besides, if you say that you won't be making interest payments while in school, you certainly are 'not under obligation' to pay.  However, the lender will always accept payment.  In fact, most loan agreements that I have investigated contain a clause that if you return part of a loan payout within 120 days from the time of issuance, it will be as if you had never taken out the money in the first place.  That is effectively a 4 month interest free loan for the portion returned.

2
Financial Aid / Re: Loan Comparison Links
« on: July 14, 2007, 09:36:56 PM »
also try Simpletuition.com

However, keep in mind when using sites like simpletuition.com that the incentive programs may not always match the programs on the lender's website. I noticed this with the Bank Of America Stafford loan option.

You can also try http://www.variousbits.com/loan.php if you already have the information for the loans you'd like to compare

3
Financial Aid / Re: MEFA - Massachusetts students
« on: July 14, 2007, 09:23:19 PM »
I went for it last year (rising 2L here). But like Jmart603, can't really say too much about it since i haven't really had to deal with them.

4
I think schools, in general, are supportive of non-trads. However, there are some things that schools have little control over. For example, there is very little that a school located in a big city can do in terms of affordable housing, etc. I'd suggest you keep this in mind as you consider schools.

5
I am a 1L-Undergrad engineering major. In general, there are many more liberal arts majors in LS. However, to the extent that admissions folks believe that hard science majors tend to have lower GPAs than, say, liberal arts majors, the admissions officers probably consider this when admitting students.




6
Now I'm confused  :D

Random? Why would the lottery be completely RANDOM? Then what if by chance NOBODY gets to interview with their top firms? I thought it was more along the lines of what 2elandbored said.

No. Here is how I understand it works (at some schools).
Step 1: Bids are entered
Step 2: Someone Fires up the super computer
ROUND 1
Step 3: Super computer randomly picks person (say A) and selects A's highest ranked firm
Step 4: Super computer attempts to match A with the firm. If there are slots available, A is added.
Step 5: If no slots available move to A's next highest ranked firm and repeat step 4 until match
Step 6: Go back to Step 3 and select from among students who have not been selected in this round
End of Round 1
Round 2
repeat Steps 3 - 6
End of Round 2
you get the idea...

Anyway, in each round, each student is (randomly) assigned to their highest ranked available choice before moving to the next round.

7
HLS = assign randomly (actually you rank you choices and the system takes it from there)

8
Where should I go next fall? / Re: Harvard 1L taking questions
« on: March 07, 2007, 12:32:31 PM »
People wear everything from t-shirts and jeans to business casual. I donít recall anyone wearing a suit last year.

Also, you've probably already seen this but:
http://www.law.harvard.edu/students/housing/

9
Law School Applications / Re: choosing BU over Harvard...crazy?
« on: March 06, 2007, 11:40:31 PM »
...
the truth is that those jobs are extremely hard to come by, even for harvard graduates, and you don't get them without alumni relationships and an amazing resume.
...

This is VERY true and is something you should consider. As a BU grad going into public interest, you will be competing against the top HLS students. If you're looking nationally, you'll be competing against top students from other t14s like Yale, Columbia, etc. I'm not suggesting that you don't pick BU. But just keep in mind that it's more difficult to get a great PI job than a great BigLaw job coming form BU or HLS.

10
Where should I go next fall? / Re: t14 vs. the rest?
« on: December 08, 2006, 09:41:23 PM »
Last year at one of the law school weekends, one of the deans referred to the t14s as the 14 top 10 schools. I think this is a good way to think about t14s. They are all top 10 schools. Except there are 14 of them.

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