loads of Q

sallyawp
Fri, 06 Jun 2008 08:55:57 +0000

A significant amount (if not, most) of law school financial aid comes in the form of loans, which are not difficult to obtain if you have good credit. Once you exhaust government sources of loans (for example, Stafford loans), you will generally find plenty of money available in higher-interest private loans. For many private loans, you will receive a better rate of interest (though generally not as good as you receive for your Stafford and other government-source loans) if you have your parents sign on as guarantors.

If you and your parents cannot afford to foot the bill for law school, you will likely end up with a significant amount of student loans (and you will be joined by many of your peers in taking them). You need to determine whether you can live with the options available to you that will enable you to carry and pay off that amount of indebtedness.