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Topics - whoknows123

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General Board / The crock that is the law school scholarship
« on: July 28, 2009, 08:56:51 PM »
I think the more accurate label would be to call it a testmanship.  In short, law schools dole out ridiculous full paid scholarships to someone who performs well on a four hour LSAT.  However, someone works hard throughout their first year, does really well, only gets an offered peanuts.  Of course, this is just my experience, but it just doesn't seem fair.  They hand out several small scholarships to help statistics.  Kind of reminds me of the NFL draft pick salaries being more than proven veterans. 

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General board for soon-to-be 1Ls / Loans, loans, and more loans
« on: July 14, 2008, 01:22:16 PM »
Ok guys, here's my situation.  Next year, I will be attending law school in the state where I live.  The tuition is just under 10,000 per year.  Estimated book cost is 1,300, and I have signed a lease to rent a house for 575 per month.  I have received the following aid package from the school.  8,500 per year in sub. staff. loans and 12,000 in unsub. loans.  In addition, I have been approved for 8,000 in Grad PLUS loans.  This total is a shade over the total cost of attendance for the school.  Also, my parents will be helping me out by paying my rent.  I am thinking about just taking advantage of the stafford loans?  What should I know about these loans (i.e. interest rates, payment plans, etc...)?  How much are the monthly payments for the unsub. if I immediately start paying interest.  Also, what kind of payments will I be looking at after I get out, assuming that I take out the max. staff. amount every year (20,500)?  Any help would be great.

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