Law School Discussion

Financial Aid and budgeting for Non-trads

LaneSwerver

Re: Financial Aid and budgeting for Non-trads
« Reply #40 on: May 04, 2005, 02:48:16 PM »
I have loans from undergrad. Will this interfere with my getting a full 18.5K for law school?

No. New loans, new limits.

Re: Financial Aid and budgeting for Non-trads
« Reply #41 on: May 04, 2005, 03:00:00 PM »
wow. so it's great to know i can just wallow in debt for the rest of my life...

LaneSwerver

Re: Financial Aid and budgeting for Non-trads
« Reply #42 on: May 04, 2005, 03:02:53 PM »
wow. so it's great to know i can just wallow in debt for the rest of my life...

Welcome to the club.

Re: Financial Aid and budgeting for Non-trads
« Reply #43 on: May 04, 2005, 03:09:39 PM »
I have loans from undergrad. Will this interfere with my getting a full 18.5K for law school?

No. New loans, new limits.

If anything, I would think that undergrad debt would mean that you're eligible for more aid since that paying back those loans decreases your income.  

I try to forget that I still have undergrad debt to start with...

LaneSwerver

Re: Financial Aid and budgeting for Non-trads
« Reply #44 on: May 04, 2005, 03:11:21 PM »
I have loans from undergrad. Will this interfere with my getting a full 18.5K for law school?

No. New loans, new limits.

If anything, I would think that undergrad debt would mean that you're eligible for more aid since that paying back those loans decreases your income.  

I try to forget that I still have undergrad debt to start with...

You're maxed at 18.5k for federal loans, regardless of income.

Re: Financial Aid and budgeting for Non-trads
« Reply #45 on: June 15, 2005, 02:01:38 PM »
Actually, I think there are limitations to how much aggregate federal stafford loans you can get.  I think the limitation is a total of subsidized and unsubsidized for all education is $138K.  You can, of course, still get private loans.