Messages - moonchigger
I'm trying to decide which GradPlus loan to get and have a question. My school says you should probably go with the loan that will give you the 3% rebate for the origination fee and not worry about all the interest rate reductions they offer once you enter repayment because most students consolidate their loans upon graduation.
While this sounds like a good idea, we have no clue what the consolidation interest rates will be at in three years. So is it smarter to get the 3% origination rebate now and in my case save $500 or to just pay a little more right now and make sure I get a 6.5% interest rate in repayment?
I just got of the phone with Julie Spradley and she stated she sent out an email a week or two ago outlining the process for applying for the GradPlus loan to our DU Law email accounts. I never received this so I had her send it again (I wonder what other important emails I'm missing from DU). If you need this email just let me know and I'll send it over to you.
The GradPlus email had the following paragraph which I found interesting:
Since most law students consolidate their loans on graduation, any interest rate reductions a lender offers are moot, so the thing to look for when comparing lenders is what they offer you at disbursement. College Invest offers a 3% principal discount at disbursement, which is the highest discount we’ve found so far among the lenders. For that reason, College Invest is looking like the best Grad PLUS lender for most students.
Pretty interesting and it seems that by taking the 3% discount you would actually save about $500 over just taking 0.25% rate reduction from Sallie Mae or the others (assuming you take out your loan for the whole $26,721). This all depends on being able to consolidate your student loans upon graduation for a 7% rate or less which at the moment it looks like you could do but who knows what the future holds.
After looking at the myrichuncle.com it looked a little bit better than Sallie Mae so once again I tried to apply for a loan. I don't even fill out two screens before it says thank you for applying, to check your application status please log in. This is what it states:
Loan Type: GradPlus Loan Application
Status: Unfortunately your application cannot be approved because you do not attend one of our approved schools.
Yes, it feels very late in the game and that's why I'm starting to get nervous. I need to know if this will be available to us or if I should just apply for a private loan.
Civil Procedure, Professor Scales, MW 10:30 AM, Room 190
Torts, Professor Best, MWTh 9:00 AM, Room 190
Criminal Law, Professor Kamin, TThF 1:15 PM (F at 10:30 AM), Room 170
Lawyering Process I, Professor Thomson, MW 1:15 PM, Room 155
Also has anyone figures out how to apply for the GradPlus loan? On the Sallie Mae website I tried to apply but University of Denver wasn't listed so I called and they said to speak with DU because they were a direct lender. When I called DU they said they were going to send out an email last week about applying for the GradPlus loan but I haven't seen anything yet. Anyone have and ideas?
Well, our house is under contract and we close on June 30 Looks like I'll be heading to Denver after the July 4th weekend. I'm heading up there soon to check out apartments. Anyone have any suggestions of where to look? Where are the ghetto neighborhoods so I don't wander into them or is everything around campus pretty nice?
« on: June 01, 2006, 05:58:31 PM »
Go to USD. Usually law schools and grad schools in general don't fall under the same religion politics as the undergrads. I went to a Jesuit high school and had a couple of friends go to USD. They didn't think it was too conservative and these are friends that probably wouldn't gell well with very conservative catholic dogma. Plus if you want to end up in San Diego or south cali USD is the way to go.
Now on the other hand, if you're single and you want a hot little piece of ass to get with, I'd go to ASU. I believe they are consistently ranked in the Playboy top 10.
Okay so I got in to Hofstra some time ago and they sent me a shirt, oh how nice of them
So today I'm working around the house getting it ready to sell so we can move to Denver and I'm wearing my Hofstra T-Shirt they sent to me. As I'm taking a piss I look in the mirror and the damn typing is off center. The T-Shirts they send out to the accepted students, are they rejects or something?