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Author Topic: Denied for the Bar Study Loan...  (Read 7813 times)

h0td0gz

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Denied for the Bar Study Loan...
« on: June 16, 2010, 12:50:13 AM »
I've applied for the bar study loan 3 times now with two different cosigners and been denied every time.  I'm taking the state bar exam at the end of July and currently enrolled in Barbri.  The past three years of law school have been paid through scholarships and federal loans but now I don't even know how I'm going to pay this month's rent or even pay for food.  My school's FA office has been less than helpful.  My family is poor so they aren't able to help me.  I've started looking for a job at the usual places (McDonald's, Walmart, etc.) for some extra income.

Has anybody here faced a similar situation?  I'm just searching for some advice I guess.  :-\

cooleylawstudent

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Re: Denied for the Bar Study Loan...
« Reply #1 on: June 16, 2010, 02:04:26 AM »
How bad is your credit? How bad are your co-signers?

h0td0gz

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Re: Denied for the Bar Study Loan...
« Reply #2 on: June 16, 2010, 01:42:26 PM »
I ordered a free credit report and I have a score 720, so the problem is not my credit history.  I asked Sallie Mae what the problem is and they basically told me that I have too much student debt.  They are unwilling to give me a few more grand to survive off of while I study for the bar and then search for work.  I'm really not sure what to do at this point and the stress has been definitely interfering with my bar exam studies.

Advocate

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Re: Denied for the Bar Study Loan...
« Reply #3 on: June 16, 2010, 03:39:35 PM »
Wow, that's terrible. How much student debt do you have?  Can't you save money by moving onto a buddy's couch for a bit?  Many bar prep students work part-time (or even full-time) jobs and still pass the Bar. So, it's not that bad. Also, I wonder if your local bank would be amenable to sitting down with you and working something out?

nealric

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Re: Denied for the Bar Study Loan...
« Reply #4 on: June 17, 2010, 04:20:57 PM »
Do you have a post-bar job lined up? Perhaps you could reach out to them?
Georgetown Law Graduate

Chief justice Earl Warren wasn't a stripper!
Now who's being naive?

cooleylawstudent

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Re: Denied for the Bar Study Loan...
« Reply #5 on: June 17, 2010, 10:19:07 PM »
join Americorps they will defer your old loans, that may help a bit.

nealric

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Re: Denied for the Bar Study Loan...
« Reply #6 on: June 17, 2010, 10:43:10 PM »
Quote
join Americorps they will defer your old loans, that may help a bit.

Americorps won't pay the OP's rent next month
Georgetown Law Graduate

Chief justice Earl Warren wasn't a stripper!
Now who's being naive?

cooleylawstudent

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Re: Denied for the Bar Study Loan...
« Reply #7 on: June 17, 2010, 10:44:48 PM »
dont they have barracks to live in with free food and 11K a year just to spend on cigs and booze?

Quote
join Americorps they will defer your old loans, that may help a bit.

Americorps won't pay the OP's rent next month

nealric

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Re: Denied for the Bar Study Loan...
« Reply #8 on: June 18, 2010, 09:44:51 AM »
Quote
dont they have barracks to live in with free food and 11K a year just to spend on cigs and booze?

You don't just walk into americorps and say "sign me up!" an instantly get into the program. I don't know where you heard about barracks, but a friend of mine doing americorps just gets a normal (very meager) salary.
Georgetown Law Graduate

Chief justice Earl Warren wasn't a stripper!
Now who's being naive?

cooleylawstudent

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Re: Denied for the Bar Study Loan...
« Reply #9 on: June 18, 2010, 11:21:33 AM »
The craziest source of all(them and not some deadbeat friends second hand opinion)
http://www.americorps.gov

Quote
dont they have barracks to live in with free food and 11K a year just to spend on cigs and booze?

You don't just walk into americorps and say "sign me up!" an instantly get into the program. I don't know where you heard about barracks, but a friend of mine doing americorps just gets a normal (very meager) salary.