Friday, July 18, 2008

Loan mess!

Okay--pretty soon I will have all this crap behind me and my blog will get fun-I promise! My parents are really freaking out about the amount of loans I may end up with by the end of my law school career. I am looking at needing 100% financing for at least my 1L year--then I am planning to adjust based on how that year goes for 2L and 3L and I am looking into a bunch of scholarship options for 2L and 3L as well. My parents are not thrilled...

How crazy is it that my life is still dependent on them--even if just in this small area--I am 32 for goodness sake! Anywoo their biggest cause for concern is the idea that I may end up with over $100,ooo in loans for both undergrad and Law School combined (they have never even had a mortgage worth that much)--I went to a private undergrad and it's a private law school that I have been accepted to (yeah--even with all my your-poor-single-mom status grants I ended undergrad with $20,000 in debt and a semi-worthless BS!) My parents are so not thrilled that they are hesitating on co-signing a GradPlus loan for me...

I will be spending this weekend with them and a bunch of family (including an attorney)--maybe we will be able to discuss everything in person and let them hash out their issues... I really want this--I hope they see that...

1 comment:

The Legal Optimist said...

I don't know if this will make you feel any better, but you certainly are NOT alone with these concerns. Check out YouTube "one less worry" for about 80 videos all about ending up $100,000 + in debt because of law school.

My friends and family give me a funny look when I tell them how much money law school is going to cost, but then they usually say that it will be money well spent. If you make a good plan concerning finances, I'd be willing to bet you (and your kids) will do really well after you make the investment in law school.

Good luck with the parents!