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Old 04-29-2007, 01:39 PM
Dave D Dave D is offline
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Join Date: Dec 2004
Location: Suffolk Law School or Brookline
Posts: 2,886
Default Re: Law school financial aid(waitlists)

Ok so unless a school is giving you some sort of special loan package, obviously that's specific to that school so it wouldn't be transferable. However, with everything else, it works like this: 18.5k comes from Stafford at 6.5% (some of that will be fed subsadized depending on your specific situation) and "the rest" of whatever your school determines to be the annual cost of attendance (ie all your expenses for food/insurance etc) comes from Federal Grant Plus loans, which is new this past year, and has an interest rate of 8.5% plus like 1k/semester "origination fee" BS. You might want to check into seeing if a private will give you better interest rates.

Those things are pretty standard across the country, so yeah it should be transferable for the most part. Just to give you an idea, I only got into my law school like july 25th or something, and was probably gonna go somewhere else. None of the loan stuff was a problem. I guess if you still aren't sure, I'd just call both schools.
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