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Alternative loans

Law school loans and medical school loans can add up as the years of studying fly by. Be sure to practice responsible borrowing and timely payback of all loans borrowed during law school or med school as student loans go on your credit report and affect your financial future. Examine law school loan consolidation carefully before applying.

Alternative Student Loans for College Financial Aid

 

Law School Loans, Medical Student loans


Law school students and medical school students have turned to private student loans after getting as much Federal Aid as possible as these Students tend to be less of a credit risk and are also on track to getting paid very well! The lenders most often requested by Law and Med Students include:

Chase Private Student Loans - Need money for school expenses not covered by federal loans or other aid?  You could get a private student loan from $1,000 to $40,000 per academic year for such items as
       • Tuition
       • Room and Board
       • Computer, Books
       • Other College expenses

As you determine the best way to finance your education, you should consider the full range of student financial aid options available. Private loans, like the Chase Private Student Loan, can be used when federal loans, grants and other forms of financial aid are not sufficient to cover the full cost of education.


Some school loans for law, pre-med, medical school, graduate and professional students offer flexible borrowing terms, including no income or payment requirements during school.

Some other lenders, allow law, medical, and dental students to borrow additional college funds beyond cost of attendance limits. Interest rates and fees may vary, depending on your school and whether or not you apply with a co-signer. Students are advised to compare several private student lenders and compare features, options & benefits.

Read more on medical school loans.

 


Medical School Loan Consolidation
Direct Student Loan Consolidation
Consolidate federal student loans to a possible lower interest rate. Some students Reduce your monthly payments. Free service with no fees, no application or origination charges associated with your consolidation application. http://loanconsolidation.ed.gov
 
Copyright 2008, private student loans for college financial aid. All law school loans and medical student loans are screened and approved before listing. Visit our New pages for: Loan Info for College and University students.

 
 

Did you know?
Law and Medical School loans are taken out by 3/4* of students studying law or medicine. Requested law and med school lenders include Chase, Astrive and ACT education loans are listed in our directory of responsible private student loans issuers. *Source: WSJ.

Financial food for thought: Another major factor in determining how much to borrow is the length of your college student loans. If you took out a longer loan, where you have say, 20 years or more to pay it back, then you probably don’t have to worry about your monthly payments too much. That is, unless you took out some huge amount like $90,000. If you figure it out, that comes out to a fairly large monthly payment, even if it is over 25 years. So the key is balancing the length of the loan with the amount so that you have a workable monthly payment. The advantage with taking out a longer loan is that you can always pay it off sooner if you wish to reduce the interest you accrue.