<p>How much debt (ie. loans from undergraduate private school) would be a reasonable amount to carry over going into law school? (Ideally I know the answer should be $0 or as close to it as possible but I know that that can't always be the case).</p>
<p>For example, would $20,000 in loans from a private school education after 4 years be okay going into law school and not put yourself in danger of 'not being able to repay'? Basically, how much debt is too much going into law school?</p>
<p>you should try to have the lowest amount of debt possible. This means consumer debt as well as student loan debt or anything else that may affect your ability to be credit worthy. Penn states the following:</p>
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<p>Prior and In-School Credit History</p>
<p>Your credit history will be, and will remain, very important as you seek ways to fund your legal education. It is critical that you have a strong and clean credit record.</p>
<p>We encourage all applicants to order a credit report now to see if there are any problems that will need to be addressed before you apply for financial aid. Too often, we see students who have been reported as a credit risk by creditors, sometimes without their knowledge. Any credit problems need to be resolved before enrollment in the Law School. To receive a free copy of your credit report visit <a href="http://www.annualcreditreport.com%5B/url%5D">www.annualcreditreport.com</a>. </p>
<p>Applicants may be denied loan assistance, prior to or during law school, based on a negative credit rating or if they have incurred what lenders consider “maximum debt.”’ It is important that you consider this and manage your finances accordingly, now and throughout law school.
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<p>That's very important information, sybbie.</p>
<p>I think that anyone with college loan debt (or other debts, such as from credit cards) should at least consider taking a year or two off after college and before law school to work and pay down those debts.</p>
<p>thanks for the link</p>