Consolidating law school loans
Just to give you an idea, tuition at the University of California – Berkeley’s Boalt Hall and the Yale Law School runs just shy of a pretty cool ,000 per year.
Carrying this significant of a financial burden, law students are generally expected to carry an assortment of student loans, from federal, state, and private sources.
We recommend the lenders above because we thoroughly evaluated them. Can I consolidate private and federal loans together? You can also extend the term of your loan, at the same interest rate.
However, our team also researched other institutions and found some good alternatives for people that want to consider all options before they begin the process of refinancing or consolidating student loans. If you’re concerned about lowering your monthly loan payments, consolidation could be a good option for you.
Most graduate students must take out multiple loans just to make ends meet while at school, and may still have leftover debt from their undergraduate career.
After you pass the bar, we can refinance your Federal and private education loans.We specialize in large loan amounts and can consolidate your law school and undergraduate loans at the same low interest rate. “I was initially drawn to DRB's extremely low student loan refinancing rates…after extensive research.Federal student loan consolidation basics How to consolidate federal student loans Benefits of federal consolidation Drawbacks of federal consolidation Private student loan consolidation (student loan refinancing) When you consolidate federal loans, the government pays them off and replaces them with a direct consolidation loan.Let’s start by breaking down each type of loan to better understand consolidation after graduation… These loans are available to law (and other) students that submit the FAFSA. These are an option for law students as a supplement and generally should be sought once other options are exhausted.Generally, ,500 is allocated, with up to ,500 subsidized funding—a perk that allows law students postpone interest payments while taking law classes. Rather than being awarded to students, these federal loans are awarded to universities, which then allocate the funds to students based on financial need. These loans are given to law students by the law school itself. These private loans are designed to help law students with the costs associated with preparing for the bar exam, study materials, and living expenses. As is the case with all students planning loan repayment, law students must crunch the numbers beforehand.