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LLM Discussion Board

LL.M. Discussion Board > USA > economic/credit situation and loans

economic/credit situation and loans

Author	Message
phisher Joined: 23 Dec 2008 Posts: 31	economic/credit situation and loans Sat Dec 27, 2008 03:15 PM I was wondering if anyone has had any good or bad experience with securing educational loans during the current ecnomic/credit situation in the U.S. I am waiting until Jan. 1 to submit my FAFSA for next year, but I am already a little concerned how the tightening credit market may impact the ability to secure loans (either Stafford-type or private loans). Given that the downturn was relatively recent in terms of when people secure educational loans, I was wondering if anyone had any experience or whether there were going to be lots of surprised/disappointed applicants in the coming months. Thanks, Phisher
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Baby_Luck Joined: 21 Dec 2008 Posts: 116	economic/credit situation and loans Sun Dec 28, 2008 01:00 AM I have not yet applied because I am not yet admitted. I am very interested to know what your experience will be. Please keep us posted.
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Jaan222 Joined: 08 Sep 2006 Posts: 100	economic/credit situation and loans Sun Dec 28, 2008 01:10 AM I think American students might not have big problems but International students may have big trouble in getting student loans.
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phisher Joined: 23 Dec 2008 Posts: 31	economic/credit situation and loans Sun Dec 28, 2008 02:31 AM Jaan222: I hope you're not right in your prediction for international students... but I really don't know how things will go in the coming months. Baby_Luck: I'm getting ready for the Jan. 1 date to start filling on the application for the US Federal financial aid. Everything I have been told about financial aid is that students are encourage to apply as soon as possible. I have not gone through the process before much less gone through it with a credit crisis, so I really don't know what to expect. Hopefully things will settle a bit and we can all find a bit of confidence in what we should expect. Also, good luck on you applications :) --Phisher
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Baby_Luck Joined: 21 Dec 2008 Posts: 116	economic/credit situation and loans Sun Dec 28, 2008 04:37 PM Thanks, good luck to you too!
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