Law School Discussion

Nine Years of Discussion
;

Author Topic: Living Expenses ??'s  (Read 1501 times)

Einstein

  • Sr. Citizen
  • ****
  • Posts: 1305
    • View Profile
Living Expenses ??'s
« on: August 02, 2006, 05:33:57 PM »
On the LSAC website it lists every schools estimated cost of living.

Lets say that a school's estimated cost of living for singles is $14,000/year. 

What if you need $18,000?  Will you be able to get loans for the extra $4,000?

On a totally separate hypothetical situation....
suppose someone is married... would they get the same estimated cost of living or would it be more or less?

Practice LSAT: 147(d), 150, 151,143,152, 156,161,163,161,160,157,163,158,162

University of San Diego School of Law!

Alamo

  • Sr. Citizen
  • ****
  • Posts: 2557
    • View Profile
Re: Living Expenses ??'s
« Reply #1 on: August 02, 2006, 05:36:29 PM »
I'm married.  I got nothing extra.  You're pretty much stuck with what the school estimates, unless you can find a private lender willing to give you more.
I must admit that I may have been infected with society's prejudices and predilections and attributed them to God . . . and that in years hence I may be seen as someone who was on the wrong side of history.  I don't believe such doubts make me a bad Christian.  I believe they make me human . . .

Einstein

  • Sr. Citizen
  • ****
  • Posts: 1305
    • View Profile
Re: Living Expenses ??'s
« Reply #2 on: August 02, 2006, 05:40:16 PM »
they don't have loans that can be given out to add on to that COL that the school estimates that the payment can be defered until graduation?
Practice LSAT: 147(d), 150, 151,143,152, 156,161,163,161,160,157,163,158,162

University of San Diego School of Law!

slacker

  • Sr. Citizen
  • ****
  • Posts: 949
    • View Profile
Re: Living Expenses ??'s
« Reply #3 on: August 02, 2006, 05:44:34 PM »
On the LSAC website it lists every schools estimated cost of living.

Lets say that a school's estimated cost of living for singles is $14,000/year. 

What if you need $18,000?  Will you be able to get loans for the extra $4,000?

On a totally separate hypothetical situation....
suppose someone is married... would they get the same estimated cost of living or would it be more or less?
I don't know the answer to the married/single question. My school has pretty much said they'll certify any amount that I ask for. (I always request a bit more than they say.)

queencruella

  • Sr. Citizen
  • ****
  • Posts: 4213
    • View Profile
Re: Living Expenses ??'s
« Reply #4 on: August 02, 2006, 05:45:26 PM »
It varies by school and by situation, but the most likely increase would be due to having dependents. If you're married without kids, it's probably not going to make any difference. As a single, I'd say it's extremely unlikely you'll get an increase. In many cases, the budget is calculated based on having roommates or living in subsidized campus housing, so they're not going to have any sympathy when you want to live alone in Manhattan and want your loans increased.

Einstein

  • Sr. Citizen
  • ****
  • Posts: 1305
    • View Profile
Re: Living Expenses ??'s
« Reply #5 on: August 02, 2006, 05:55:52 PM »
most schools have a $14,000 COL estimate

$500 rent (very cheap in most cities)
$70  electric
$60 cable/internet
$200 car (this is also very cheap)
$150 car insurance (under 25 male)
$50  cell phone (gotta have it)
$80  gas (may be more)
$320 food

total = $1430/month
and
$17,160 per year

That COL estimate is still about $3,000 short of a very very cheap lifestyle IMO

How do you make up the extra $3,000??


And that's with no fun money budgeted :(
Practice LSAT: 147(d), 150, 151,143,152, 156,161,163,161,160,157,163,158,162

University of San Diego School of Law!

queencruella

  • Sr. Citizen
  • ****
  • Posts: 4213
    • View Profile
Re: Living Expenses ??'s
« Reply #6 on: August 02, 2006, 06:04:31 PM »
You don't need the extra $3K because the budget is just for 9 months. The $14,000 should be more than adequate to cover the school year. If you go to summer school, you'll have to apply for a separate summer loan.

Einstein

  • Sr. Citizen
  • ****
  • Posts: 1305
    • View Profile
Re: Living Expenses ??'s
« Reply #7 on: August 02, 2006, 06:06:49 PM »
You don't need the extra $3K because the budget is just for 9 months. The $14,000 should be more than adequate to cover the school year. If you go to summer school, you'll have to apply for a separate summer loan.

But they do give summer loans that can be defered right?  and is that through the school, or are you on your own finding a private lender for the summers?

Practice LSAT: 147(d), 150, 151,143,152, 156,161,163,161,160,157,163,158,162

University of San Diego School of Law!

Alamo

  • Sr. Citizen
  • ****
  • Posts: 2557
    • View Profile
Re: Living Expenses ??'s
« Reply #8 on: August 02, 2006, 06:07:30 PM »
SAVE.

If that fails, get a low-APR credit card before you start school and pray.
I must admit that I may have been infected with society's prejudices and predilections and attributed them to God . . . and that in years hence I may be seen as someone who was on the wrong side of history.  I don't believe such doubts make me a bad Christian.  I believe they make me human . . .

greengrl

  • Sr. Citizen
  • ****
  • Posts: 946
    • View Profile
Re: Living Expenses ??'s
« Reply #9 on: August 02, 2006, 06:20:37 PM »
also most cost of living estimates do not include car payments--they budget a transportation allotment but that's meant to cover gas and/or the cost of public transportation. in my case, even if I wanted to take out a loan to pay another loan (car note) my school made it very clear that they would not budget that in.