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Loans/Funding for LLM

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lawchick


Joined: 18 Apr 2005
Posts: 67
Loans/Funding for LLM
Thu Apr 28, 2005 02:29 PM
How is everyone funding their LLM? I am not really a candidate for any scholarships right now, but is there a way I can take out a government loan for this? Thanks for any advice...
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C.Miller


Joined: 02 Feb 2005
Posts: 278
Re: Loans/Funding for LLM
Thu Apr 28, 2005 04:30 PM
If you come to study in Scotland check out the SAAS

www.student-support-saas.gov.uk/

That will give you information from this side of the border.

Not sure about the rest of the UK though, I think it's this site: www.studentsupportdirect.co.uk.

Should help you to get started.

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jack

Joined: 11 Jan 2005
Posts: 36
Re: Loans/Funding for LLM
Thu Apr 28, 2005 07:21 PM
Depends on where you are from. I am from the US and have been approved for an unsubsidized US Federal Stafford Loan (max. $18,500 US), which covers most UK LLM Programs. Also, you could apply for a private loan from a bank, which will be at a slightly higer interest rate. Let me knwo if you have any more questions.
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lawchick


Joined: 18 Apr 2005
Posts: 67
Re: Loans/Funding for LLM
Thu Apr 28, 2005 07:24 PM
Oh, so if I took out FAFSA for lawschool, can I do it again for my LLM? But I am sure I will need more than the $18,500 for the one year, so I guess this means I need a private loan, right? Thanks everyone for the info so far.
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lawchick


Joined: 18 Apr 2005
Posts: 67
Re: Loans/Funding for LLM
Thu Apr 28, 2005 07:25 PM
PS--I am from the US by the way
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jack

Joined: 11 Jan 2005
Posts: 36
Re: Loans/Funding for LLM
Fri Apr 29, 2005 05:57 PM
That's right. You'll have to fill out the FAFSA, which can now be done online. You will then get your Student Aid Report (SAR) and that will have to be submitted by you to the LLM Program of your choice. They will make the determination as to how much you can receive and whether it will be subsidized and/or unsubsidized. If you need more money, you will have to apply for a supplemental or private loan from a private lender (Sallie Mae, Bank of America, etc). Again, let me know if you need more info.

Where will you be studying?
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C.Miller


Joined: 02 Feb 2005
Posts: 278
Funding for UK students
Tue May 03, 2005 12:04 PM
I found a useful link for UK students (though maybe not so good for international students studying in Europe) I thought I'd post in this topic to keep it all together:

www.lifelonglearning.co.uk/cdl/

Career Development Loans:

"Quite simply, a CDL is a deferred repayment bank loan to help you pay for vocational learning or education. "
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