Choosing a Bank/Lender for GraduatePLUS Loans?

[NOTaPepsiFan]

I have to pay for everything myself.  After scholarships/stafford/perkins loans, I have an additional ~$9500/y that I need to take out in GraduatePLUS loans to meet the total COA.

Can anyone offer advice on which lender I should be using?

I have good enough credit to qualify for GraduatePLUS, but I don't have any real assets or anything...

Oh, also, I want to pay things off really fast.  I think I can live like a student for 6 more years.

[Bulldog86]

I think I can live like a student for 6 more years.

That sounds good now, until you start cashing a huge associate check and want to buy something you're just now able to afford...

[czarevich]

Bank of America offers you a .25% interest reduction if you become or are an existing account holder. 

[wiimote]

If you are going to a tier 2 law school, you should choose DO Bank for your loans. DO stands for drop out.

You can't afford $170,000 of debt with the salaries you're going to make. See e.g. http://www.law.com/pdf/nlj/regional_NY.pdf

[SCK2008]

If you are going to a tier 2 law school, you should choose DO Bank for your loans. DO stands for drop out.

You can't afford $170,000 of debt with the salaries you're going to make. See e.g. http://www.law.com/pdf/nlj/regional_NY.pdf

LMAO.

Wiimote is dude, always and forever...

[JeNeSaisLaw]

If you are going to a tier 2 law school, you should choose DO Bank for your loans. DO stands for drop out.

You can't afford $170,000 of debt with the salaries you're going to make. See e.g. http://www.law.com/pdf/nlj/regional_NY.pdf

He's going to Emory on a >75% scholarship. He is in no danger and Emory is not tier 2. Go to hell.

[SCK2008]

Even if he was not on scholarship, 170k is manageable w/o "biglaw".  It might not be preferable, but it certainly is manageable considering a 30 year consolidated loan breaks down to around 1000/month.  This is certainly doable on the 50k/year salary some folks will make after graduation.

It is especially doable considering what many of those same lawyers that started at 50k will making 5-10 years down the road.  Criminal law/ambulance-chasing/etc. might not be prestigious but it can be very lucrative.  Period.

Go to law school if you want to be a lawyer.  If you want to be a dude?  Ask Wiimote...

[wiimote]

Even if he was not on scholarship, 170k is manageable w/o "biglaw".  It might not be preferable, but it certainly is manageable considering a 30 year consolidated loan breaks down to around 1000/month.  This is certainly doable on the 50k/year salary some folks will make after graduation.

Are you sure it's only $1,000/month?

[SCK2008]

I'm certain its around 1k/month.  Re-read my post.  I'm certain you're a feminine hygiene product.

[wiimote]

It is especially doable considering what many of those same lawyers that started at 50k will making 5-10 years down

Not for the vast majority of lawyers. Keep in mind you're competing with new grads for relatively poor clients. Google - two lawyers walk into a bar chicago tribune - for the article.