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Author Topic: student loans for non accredited schools  (Read 8877 times)

jd2008

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student loans for non accredited schools
« on: January 27, 2008, 02:06:25 PM »
I will most likely use a bar accredited college, but some are non-accredited bar approved, so you can still be licensed. Astrive only covers accredited ones. In theory is there any loan agency that covers non accredited bar approved schools for student loans? If so list it.

PixyLaw

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Re: student loans for non accredited schools
« Reply #1 on: February 23, 2008, 10:34:54 AM »
You can get private loans through Sallie Mae for private schools that are not accredited.  However, you must begin payback immediately so all of the benefits of student loans are really lost.  However, if you are doing distance education because you are working full-time it's a viable method of getting the money with little hassle.  Keep in mind, however, that this is essentially a signature loan, so the common credit requirements apply (though they are more lenient than your average signature loan).

mtfbwy

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Re: student loans for non accredited schools
« Reply #2 on: February 23, 2008, 11:11:20 AM »
You will indeed be able to secure private loans (albeit with perhaps less favorable terms, as noted by PixyLaw).  However, your biggest concern should be whether or not you are eligible for federally backed loans (Stafford subsidized and unsubsidized).  It's my understanding that, at such schools, you will NOT be eligible for Staffords.