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Old 11-18-2012, 08:53 PM   #1
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How much $ in Loans can you get??????

How much money can you get for undergrad and then for say law school? I basically need to put my entire college career on a credit card. I really don't care how much interest I have to pay back my main question is... Can I get it? I'm a non traditional college student at age 26 with a credit score floating around 700. I have owned a home (now sold, living with parents) and a car (paid off) I am finishing my associates at a local community college in May and want to know my options. Ultimate goal is to be a lawyer. Thoughts?

Figure I'll need 30-50 k for undergrad...

then about...

50-100 k for law school
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Old 11-18-2012, 09:00 PM   #2
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Unless you have a really good paying job, it will be very hard for you to take out this amount of loan money without a cosigner.
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Old 11-19-2012, 08:25 AM   #3
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really don't care how much interest I have to pay back my

Then you don't have the critical thinking skills or logic necessary to become a good lawyer.
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Old 11-19-2012, 09:39 AM   #4
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Or apparently the ability to do a simple Google search. Fail.
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Old 11-19-2012, 12:26 PM   #5
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I agree with the above posters.
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Old 11-19-2012, 12:40 PM   #6
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You can borrow $7500 each of your junior and senior years through the federal Direct Loan program. If you have a cosigner - or income and assets of your own - you can borrow as much more as your credit situation (and/or your cosigner's) will support.

Since law school is very, very expensive, and the job prospects for newly graduated lawyers is uncertain, I would finish your undergraduate work at the least expensive school available to you.
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Old 11-19-2012, 12:51 PM   #7
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You are independent for the FAFSA because of your age. This changes the loan limits to $9,500 freshman, $10,500 sophomore, $12,500 junior and $12,500 senior years. Your aggregate limit for undergraduate work is $57,500. Here's the link: FinAid | Loans | Student Loans

But before you get too excited about the limits, run the repayment calculators FinAid | Calculators and think about how big a chunk the potential debt is going to take out of your income each month.

Since you have held down a job in the past, you may want to plan to complete your degree in a location where you can continue to work at least half-time. Better yet full-time with benefits, while studying part-time. It will take longer to finish your degree(s), true, but you will be in better financial shape when you do finish.
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