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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

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).

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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