« on: October 28, 2006, 07:48:02 PM »
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Topics - SanchoPanzo
Is anyone using Wachovia? They have some of the best rates that I've seen for Stafford and GradPLUS.
Stafford: No Origination fee + up to 3.5% in auto-debit and on-time payment
GradPLUS: 0.6% interest rate reduction immediately after first disbursement + 3% rebate 6 months after final disbursement
I think T.H.E. has a better GradPLUS loan (I have not seem their Stafford) but they may not loan to students at my school
I’ve compiled some GradPLUS loan info below. Keep in mind that some lenders have different incentives depending on your school and credit rating so these numbers can and will differ from some posted on this board and elsewhere.
If anyone has GradPLUS info for MyRichUncle (since it appears to be a hot lender) or other lenders let me know so I can add it.
Also, most of these rates may reflect good to great credit rating.
1Interest Rate Reduction at Repayment
2Interest Rate Reduction at disbursement
3Loan Amount Rebate 6 months after disbursement
4Loan Amount Rebate within 6 months of final disbursement
I find it interesting how well a law school’s ranking tracks with the size of the university’s endowment. Of course, the ranking, endowment and “quality” of law school are likely related (or perhaps it's the amount of $$ a school has to attract top professors and students that drive it all). However, despite this, there are some interesting “anomalies”. For example, NYU appears where you would not expect it based on endowment alone. Any suggestions? It is simply that NYU spends a disproportionate amount of $$ on it's law school versus the others? Is it location, location, location? Perhaps a combination with or without some other factor(s)?
Note: The first # is LS ranking, second # is undergrad ranking
1/3 Yale University (CT) – $15.2 billion (LS: 659 million in 2005)
2/5. Stanford University (CA) - $12.2 billion
3/1. Harvard University (MA) - $25.5 Billion (LS: 840 million in 2002)
4/9 Columbia University (NY) - $5.2 billion (LS: 300 million in 2003)
4/37 New York University - $1.5 billion (LS: 250 million in 2001)
6/15 University of Chicago - $4.1 billion
7/4 University of Pennsylvania - $4.4 billion
8/20 University of California–Berkeley - $5.2 billion (entire UC system)
8/25 University of Michigan–Ann Arbor - $4.9 Billion (LS: 252 million in 2006)
8/23 University of Virginia - $3.2 Billion (LS: 250 million in 2006)
11/5 Duke University (NC) - $3.8 Billion
12/12 Northwestern University (IL) - $4.2 Billion
13/13 Cornell University (NY) - $4.2 Billion
14/23 Georgetown University (DC) - 0.74 Billion (source http://en.wikipedia.org/wiki/Georgetown_University) (LS: 29.6 million in 2004)
When is the best time to buy a laptop for law school? Seems the longer you wait the more you increase your chances of getting a better laptop for the same $$. This may be true especially when you consider the back to schools sales the computer manufacturers have in August/September.