I need some suggestions on where to apply next for a bar study loan. I’ve been rejected by Sallie Mae, Discover, PNC, and am ineligible to apply with Wells Fargo because my total student debt ($310,000) exceeds their aggregate limit ($180,000). I have access to a cosigner, but the cosigner has limited income ($18,000). However, the cosigner has a fantastic credit score and $0 in living expenses. I am attempting to secure a bar study loan for $6,000.
Is anyone aware of any lenders that I haven’t tried? Or any alternative sources of bar prep funding?
I cannot think of a single lender who would give you money in these circumstances. I’m assuming you don’t have an employer, family member or friend who can help you out.
It is too bad you didn’t put aside some of that student loan money for the bar exam expenses. But that is water under the bridge.
Could the school lend you some money?
Is that $6,000 including the cost of bar prep?
I was going to say that your debt is crazy. Is that both law school and undergrad or just law school?
“He” did no such thing. I went to a state school. I was there for five years. It was about $12,000 a year, plus about $10,000 for cost of living expenses each year. So I started law school with about $100,000 of that total debt. Not that any of this matters, because this isn’t a post about how much debt I have, why I have it, or how it was accumulated.
Yes, that $6,000 includes the cost of the bar prep course, and three months of living expenses. It’s for the course I’m currently enrolled in, to pay off my remaining balances.
The school does not have any money to loan. Right before graduation they had approved me for an additional $6800 in Graduate PLUS loans that would have covered all of this, but neglected to inform me of a deadline to accept the funds that was right in the middle of finals week. I focused on finals, applied the day after they were done, and missed the deadline.
As for putting money aside earlier? I haven’t really been raking in the cash as a full-time student. Unpaid internships pay surprisingly little.
did you try the gl advisors loan? They are partnered with barbri, so you have to take barbri to get that loan (they pay part of the loan directly to barbri, the rest to you. worth a shot if you cant get other funding
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follow that link to get preapproved. let us know what happens brosef
sorry for assuming you didn’t pay that much sticker…my bad.
You won’t like this idea, but if you enrolled in a late summer course for the minimum number of credits you might qualify for living expenses on that loan (in addition to the cost of the 6 or so credits at blow off electives in an academic bridge to nowhere)
No a “good” option, but assuming you haven’t maxed out all finaid options, it may work.
As might working a part time job. (starbucks example given by other poster)
In a similar situation, and I think we’re just totally screwed. I have less debt and a co-signer with perfect credit and decent income. Let me know if you find anything.
If OP needs to borrow 6k to survive the summer, she shouldn’t be doing bar bri. There are cheaper options. I’d probably just cop dat http://baroutlines.com/
As far as JD classes, no. As far as other stuff, why not? People get an MBA post JD all the time. (not that MBA is a good idea if looking for blowoff classes)
PNC was the only one I was able to apply for with a co-signer so far, and they still denied me. Applying to Sallie Mae now, but afraid I might be fucked.
