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Going to Law School

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Listing Information
Amount: $10,000.00 Status: Loan created
Grade: C DTI: 31%
Lender Rate: 18% Borrower: beckyalex
Time Left: Finished State: CA
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2008-07-08 EricsCC ROI: 16%
Status History
Jul 09, 2008 Current
Purpose of loan:
This loan will be used to pay off my debt in preperation for Law School.

My financial situation:
I am in the Army National Guard and just returned from Iraq where I was stationed for a year.  I was active duty Army for 5 years and got out in 2003.  I worked my way through college and graduated from Cal State Long Beach with a BS in Math in 2006.  I deployed in 2007.  I currently have some credit card debt and a car payment.  I also own a mobile home and still owe a few thousand dollars on it.  I would like to pay off all of my debt before I start law school so that I can live like a pauper.  I have not been accepted to law school yet, but I graduated with an UGPA of 3.5 and I scored 161 on the LSAT.  I will be applying at the end of this year and will start in August 2009.  I will be working until that time so I will be able to pay off the loan. My job is extremely stable and I get regular raises.  In July 2009, I will be receiving the second half of my re-enlistment bonus of $7500 which I will use to pay off the rest of the loan. 

Monthly net income: $3,300

Monthly expenses: $ 2600
  Housing: $ 1200
  Insurance: $ 100
  Car expenses: $ 200
  Utilities: $ 100
  Phone, cable, internet: $ 200
  Food, entertainment: $ 200
  Clothing, household expenses $ 200
  Credit cards and other loans: $ 300
  Other expenses: $ 100
Borrower's Other Listings
345659 Going to Law School C $10,000 @ 21% Jun 05, 2008 Expired

 

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