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Author Topic: How does a Canadian pay for law school in the US?  (Read 8702 times)

Grape Drink

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How does a Canadian pay for law school in the US?
« on: January 04, 2006, 11:17:23 AM »
I just got into NYU but how the @#!* am I gonna pay for it without being able to take out federal loans. Can I get American student loans for the US?
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FossilJ

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idlewild

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Re: How does a Canadian pay for law school in the US?
« Reply #2 on: January 07, 2006, 03:00:07 PM »
hey,

I'm canadian and got into NYU as well, not sure how I will pay for it either though. Are you planning on going there? Where did you do your undergrad?
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rhombot

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Re: How does a Canadian pay for law school in the US?
« Reply #3 on: January 26, 2006, 06:03:42 PM »
thanks, that's useful. any other resources? any information on what kind of interest this program charges?

CanHELP:

http://www.internationalstudentloan.com/canadian_student/index.html
http://www.iefc.com/canada/index.php?Cid=0006

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FossilJ

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Re: How does a Canadian pay for law school in the US?
« Reply #4 on: January 26, 2006, 06:15:58 PM »
If you figure that out, please let me know.
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Grape Drink

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Re: How does a Canadian pay for law school in the US?
« Reply #5 on: January 26, 2006, 10:53:59 PM »
If you figure that out, please let me know.


I got a packet from them the other day, I'll go through it over the next few days and post the info.
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omake_don

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Re: How does a Canadian pay for law school in the US?
« Reply #6 on: March 01, 2006, 01:00:14 PM »
i'm using this great service that pays for my entire education called chinese parents. you should get some.  ;) 

comes with side effects such as having a small penis though.  :'(
i'm spicy in that non-offensive and mysterious way that all the ladies.. SHUT YOUR MOUTH!

rhombot

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Re: How does a Canadian pay for law school in the US?
« Reply #7 on: June 05, 2006, 04:25:30 PM »
interest rates for CANHELP: LIBOR + 2.9% if no co-signer, LIBOR + 2.4% if yes co-signer. in addition, there's a "guarantee fee" as follows:

"a guarantee fee of 8.0% of the total loan will be added to the amount borrowed and then deducted from the disbursement, and 2% will be added to the original principal amount at repayment, if you are applying on your own signature. A one-time guarantee fee of 8.5% will be added to the amount borrowed and then deducted from the disbursement if you are applying with a creditworthy co-signer."

in the examples provided by CANHELP, which assumes a $10,000 loan, a LIBOR of 1.1% and a deferment period of 24 months, a co-signed loan makes the principal at the time of beginning repayment $11,697.22, and a non-co-signed loan makes the principal at the time of beginning repayment $11,977.35.

doesn't seem too unreasonable on the face of it, but i'm not too sure what else is out there.
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gillesthegreat

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Re: How does a Canadian pay for law school in the US?
« Reply #8 on: June 05, 2006, 04:34:40 PM »
I've said it before and I'll say it again: CanHelp sucks. Big time.

Now, for other resources: RBC has some plan but it tops off at 55K. BMO might have more; still waiting for their final answer.
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rhombot

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Re: How does a Canadian pay for law school in the US?
« Reply #9 on: June 05, 2006, 04:45:09 PM »
could you please provide a reference to your previous statements or an explanation of how canhelp sucks?

is there any program besides RBC that beats canhelp?

thanks.

I've said it before and I'll say it again: CanHelp sucks. Big time.
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