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Messages - schoomp

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41
Incoming 1Ls / Re: Steps on Getting an Apartment.
« on: June 08, 2004, 03:55:39 PM »
I wouldn't do this - most states have laws about renter's rights - you can't kick them out without a long lengthy legal battle.  However, buying a place is a good idea.

One idea is to buy a place, perhaps a duplex.  Rent out one side and live in the other.  I mean face it if you go to the same law school all three years that rent adds up.  In addition, you get to pick the tenant and can basically give 'em the boot if they are a pain (make sure to only set up a month by month lease).  Shoot, you could even give 'em the boot right before finals just to be sure.  Even if you lose 10k on the place when you sell in 3 years you'll still come out ahead.

42
Law School Admissions / Re: LIVING EXPENSES DURING LAW SCHOOL......
« on: June 08, 2004, 03:47:01 PM »
Just some advice (since I just went through this process and got it approved):

1.  If you have a reason to be on COBRA (such as a previous medical condition), I'd get a letter from your doctor saying this.  It doesn't have to be long and involved - for instance the letter I got simply stated I had a condition and needed treatment and medication while I was in school.

2.  If you can, get something stating how much you pay in prescriptions.  Some places (such as Walgreens) will print out a sheet saying how much you have spent this year and proof that you have prescriptions you have been taking.

3.  Write out each thing - how much COBRA is, how much your doctor's visits are (co-pays) each year, how much you prescriptions are each month, etc.  I'd also include something about how your prescriptions, doctor visits, etc can vary depending on your health.

If you have any questions, shoot me a pm since I just went through all this :-)

As far as increasing your budget so you can borrow more, I was told to write the school a letter detailing why I need the extra budget. I need to accept COBRA health insurance, so I'm telling them that in the letter. I'll let you know if it works!!

Lavia

For the OP - concerning both your car payments and consumer debt - most schools say get this taken care of before you start.  I haven't seen any schools that will give you money for it while you are in school.  The ones I have seen say pay everything off and get ready to be really poor during school...


43
Incoming 1Ls / Re: Private Loans
« on: June 08, 2004, 03:20:17 PM »
Depends on the loan and the interest rate.  When I was calling around, none would give out credit scores needed - however they typically feel into 7 categories:

1. no cosigner needed, best interest rate
2. co-signer needed, best interest rate
3. no cosigner needed, so-so interest rate
4. co-signer needed, so-so interest rate
5. no cosigner needed, bad interest rate
6. co-signer needed, bad interest rate
7. good luck finding a loan

I believe credit scores range from 300-830 or so (approximate numbers).  It looks like credit scores fall into the ranges:

low risk - 750-830
med-low risk - 700-750
med risk - 600-700
med-high rish - 500-600
high risk - 300-500

Those numbers are all approximate as I'm trying to base it off a graph that isn't really easy to read since it is color coded and all the colors slowly blend into each other  :(

I think for the most part, that if you have a higher score (750 and above) you are probably okay - however the problem is that only 10-15% of the us population probably has that kind of score.



44
Incoming 1Ls / Re: Private Loans
« on: June 08, 2004, 03:08:57 PM »
When I called around (Key Bank, AccessGroup and Citibank), Key Bank was the best (interest and repayment-wise), however, they said (and this was them) the reason they were the best is because you have to have really, really, really good credit (and/or a cosigner with excellent credit) to qualify.  They don't take just anyone, thus the rates are lower.

45
General Off-Topic Board / Re: Religion!
« on: June 08, 2004, 03:05:56 PM »
With the following statement - doesn't this mean you aren't "truly" Catholic in that some bishops have gone so far to say if you believe in this, then you can't get communion?  Or if you vote for anyone that will vote like this, you can't get communion?

Ain't it though?  I was surprised that I was drawn to the Catholic Church, but I was.

I have a problem with the Church's positions on gays and abortion, and ordaining women, but there is room for dissent and change in the Church.

But I'm very comfortable with the Church's position on war, the death penalty, social responsibility and justice.


As far as the Koran and the Muslim religion being used for violence - couldn't the same be said of Christianity not so many years ago?  As I remember thousands of women and men were killed for being "witches" and they were burned to death which I see as more barbaric than getting beheaded. 

46
General Off-Topic Board / Re: Best time to buy a laptop?
« on: June 03, 2004, 01:03:36 PM »
They didn't look or seem that big - 4.9 pounds...

47
Any thoughts on why he is just leaving now? 

48
General Off-Topic Board / Re: Best time to buy a laptop?
« on: June 03, 2004, 10:08:13 AM »
I was actually thinking about it (although the blue one is pretty good looking too).  Anyone have one?  Would you recommend it?

49
Politics and Law-Related News / Re: Fox News?
« on: June 03, 2004, 10:07:19 AM »
I'm really surprised that out of all the countries listed that could cause problems with the US, no one mentioned Saudi Arabia.  If we were going to go in and attack a country - why not that one?  Many of the 9/11 terrorists were from... Saudi Arabia.  Yes, Saddam gassed his own people, but guess what - Saudi Arabia lets their women and female children be treated terribly and no one says anything and that is 50% of the population about - not the small number that Saddam gassed.  When you look at Al Qaeda, many of the members are Saudi.  When you here about terrorist attacks, they are happening in Saudi.

50
Incoming 1Ls / Re: Food Stamps
« on: June 02, 2004, 12:13:41 PM »
It doens't disqualify you immediately - however according to the food stamp site it comes extremely close (http://www.fns.usda.gov/fsp/applicant_recipients/students.htm):

Most able-bodied students ages 18 through 49 who are enrolled in college or other institutions of higher education at least half time are not eligible for food stamps. However, students may be able to get food stamps if otherwise eligible and they:

Get public assistance benefits under a Title IV-A program I don't know how many are involved with this
Take part in a State or federally financed work study program - first year students can't work most places so this is out
Work at least 20 hours a week same as above

The rest are mostly for students with children
Are taking care of a dependent household member under the age of 6;
Are taking care of a dependent household member over the age of 5 but under 12 and do not have adequate child care to enable them to attend school and work a minimum of 20 hours, or to take part in a State or federally financed work study program; or
Are assigned to or placed in a college or certain other schools through:

A program under the Workforce Investment Act of 1998,
A program under Section 236 of the Trade Act of 1974,
An employment and training program under the Food Stamp Act, or
An employment and training program operated by a State or local government.
Also, a single parent enrolled full time in college and taking care of a dependent household member under the age of 12 can get food stamps if otherwise eligible.

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