Law School Discussion

Poll

I am...

a summer starter
26 (13.6%)
a fall starter
29 (15.2%)
unsure I'll be attending
42 (22%)
a current student
19 (9.9%)
just checking the tally
75 (39.3%)

Total Members Voted: 191

Michigan Class of 2011: where you should be

Gengiswump

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Re: Michigan Class of 2011: where you should be
« Reply #2530 on: July 17, 2008, 02:49:34 PM »
Oh thank Jeebus.

Re: Michigan Class of 2011: where you should be
« Reply #2531 on: July 17, 2008, 03:32:35 PM »
Hi folks! A quick question- I am taking out a small private loan to help cover some of my expenses. In order to get this loan, I need to send in a copy of my tuition invoice. I don't know exactly if this is something we've already gotten, or will be getting, or what. I have plenty of forms with the tuition amount on them, but it sort of sounds like I need an actual bill or something that proves that I've enrolled and intend to pay tuition. Has anyone else ever needed one of these, and if so, what did you use? Thanks!

Call the FinAid office, they handle all of the coordination with loan providers.

I tried that, but this loan is being disbursed directly to me, rather than through the school, and they said they weren't exactly sure what it was I needed. If it helps, it's a MyRichUncle loan. Has anyone gotten one of these? In order to secure the loan, I need to provide either a "tuition invoice" OR my class schedule, so it seems they're mostly looking for something that proves I'm enrolled/committed to enrolling.

Technically, you aren't allowed to get any loans if they will take you over the budget set by the school, so they won't help you at all if that's what you're trying to do.  If they find out that you got a loan that wasn't certified by the school, they're required to cut your other loans to bring you back down to the budget amount.

Re: Michigan Class of 2011: where you should be
« Reply #2532 on: July 17, 2008, 07:21:49 PM »
Hi folks! A quick question- I am taking out a small private loan to help cover some of my expenses. In order to get this loan, I need to send in a copy of my tuition invoice. I don't know exactly if this is something we've already gotten, or will be getting, or what. I have plenty of forms with the tuition amount on them, but it sort of sounds like I need an actual bill or something that proves that I've enrolled and intend to pay tuition. Has anyone else ever needed one of these, and if so, what did you use? Thanks!

Call the FinAid office, they handle all of the coordination with loan providers.

I tried that, but this loan is being disbursed directly to me, rather than through the school, and they said they weren't exactly sure what it was I needed. If it helps, it's a MyRichUncle loan. Has anyone gotten one of these? In order to secure the loan, I need to provide either a "tuition invoice" OR my class schedule, so it seems they're mostly looking for something that proves I'm enrolled/committed to enrolling.

Technically, you aren't allowed to get any loans if they will take you over the budget set by the school, so they won't help you at all if that's what you're trying to do.  If they find out that you got a loan that wasn't certified by the school, they're required to cut your other loans to bring you back down to the budget amount.

Ummm...that's not good. I thought if you took out private loans, it was basically none of their business. I mean, people do do this, right? I wouldn't have any way of affording school if I couldn't take out over the budget to cover moving expenses, having to break my lease, paying off my car, etc. So that sort of sucks.

Anyone else have any insight on this? And here's a question: what if I just turn down all the loans I was planning on taking out through the school, and wrap that amount into my private loan? Then I could take out as much as I needed, right?

I don't get why they'd screw you like this though, they have to know that some people need to take out over the school budget in order to cover certain expenses, even if they wouldn't increase the budget for those expenses.

Re: Michigan Class of 2011: where you should be
« Reply #2533 on: July 17, 2008, 07:53:18 PM »
Hi folks! A quick question- I am taking out a small private loan to help cover some of my expenses. In order to get this loan, I need to send in a copy of my tuition invoice. I don't know exactly if this is something we've already gotten, or will be getting, or what. I have plenty of forms with the tuition amount on them, but it sort of sounds like I need an actual bill or something that proves that I've enrolled and intend to pay tuition. Has anyone else ever needed one of these, and if so, what did you use? Thanks!

Call the FinAid office, they handle all of the coordination with loan providers.

I tried that, but this loan is being disbursed directly to me, rather than through the school, and they said they weren't exactly sure what it was I needed. If it helps, it's a MyRichUncle loan. Has anyone gotten one of these? In order to secure the loan, I need to provide either a "tuition invoice" OR my class schedule, so it seems they're mostly looking for something that proves I'm enrolled/committed to enrolling.

Technically, you aren't allowed to get any loans if they will take you over the budget set by the school, so they won't help you at all if that's what you're trying to do. If they find out that you got a loan that wasn't certified by the school, they're required to cut your other loans to bring you back down to the budget amount.

Ummm...that's not good. I thought if you took out private loans, it was basically none of their business. I mean, people do do this, right? I wouldn't have any way of affording school if I couldn't take out over the budget to cover moving expenses, having to break my lease, paying off my car, etc. So that sort of sucks.

Anyone else have any insight on this? And here's a question: what if I just turn down all the loans I was planning on taking out through the school, and wrap that amount into my private loan? Then I could take out as much as I needed, right?

I don't get why they'd screw you like this though, they have to know that some people need to take out over the school budget in order to cover certain expenses, even if they wouldn't increase the budget for those expenses.

if you take out a private loan that is an educational loan, it IS the school's business. any educational private loan will require communication between the school and the lender and will be limited to your budget minus any other aid you are getting. IF, instead, for some reason, you are taking out a non-educational private loan, say a personal loan, then yes in that case it would have nothing to do with the school and would be none of their business. I have never heard of anyone doing that, but I imagine that it is done by people who need to do it. but yeah if you are dealing just with education loans you are a slave to the school budget. hope that helps.

Bouzie

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Re: Michigan Class of 2011: where you should be
« Reply #2534 on: July 18, 2008, 04:13:01 PM »
My god, OCI research is fun!

From the Vault guide:

"The firmís on-campus recruiting roster is fairly standard, with emphasis on superstar law schools like Harvard, Columbia, NYU, Stanford, Michigan and Penn.  Sonnenscheinís Chicago office also looks at regional powers such as University of Chicago and Northwestern."

Gengiswump

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Re: Michigan Class of 2011: where you should be
« Reply #2535 on: July 18, 2008, 04:15:30 PM »
:D

Re: Michigan Class of 2011: where you should be
« Reply #2536 on: July 18, 2008, 05:54:37 PM »
My god, OCI research is fun!

From the Vault guide:

"The firmís on-campus recruiting roster is fairly standard, with emphasis on superstar law schools like Harvard, Columbia, NYU, Stanford, Michigan and Penn. Sonnenscheinís Chicago office also looks at regional powers such as University of Chicago and Northwestern."

I laughed.

Bouzie

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Re: Michigan Class of 2011: where you should be
« Reply #2537 on: July 18, 2008, 08:08:34 PM »
My god, OCI research is fun!

From the Vault guide:

"The firmís on-campus recruiting roster is fairly standard, with emphasis on superstar law schools like Harvard, Columbia, NYU, Stanford, Michigan and Penn. Sonnenscheinís Chicago office also looks at regional powers such as University of Chicago and Northwestern."

I laughed.




That's bc you're a "superstar."

Also, does anyone have a link to charts showing bonuses at various firms?   I'm thinking ATL or Infirmation must have something but I can't find anything.     

hollowman988

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Re: Michigan Class of 2011: where you should be
« Reply #2538 on: July 18, 2008, 08:37:18 PM »
My god, OCI research is fun!

From the Vault guide:

"The firmís on-campus recruiting roster is fairly standard, with emphasis on superstar law schools like Harvard, Columbia, NYU, Stanford, Michigan and Penn. Sonnenscheinís Chicago office also looks at regional powers such as University of Chicago and Northwestern."

I laughed.




That's bc you're a "superstar."

Also, does anyone have a link to charts showing bonuses at various firms?   I'm thinking ATL or Infirmation must have something but I can't find anything.     

You greedy bastard!

P.S. I quite like how your picture is still (or is back to) your appetizer spread from early last fall.

flyaway

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Re: Michigan Class of 2011: where you should be
« Reply #2539 on: July 19, 2008, 12:14:24 AM »
I miss you guys. :)