Financing Law School
Financing Law School
There are a variety of resources available to students who need financial assistance to attend law school. Some of those resources are outlined below. In addition to exploring scholarship options at each law school, complete your financial aid forms for each school as early as possible; do NOT wait to receive an acceptance letter.
Given the importance of having a diverse student body, many law schools require a diversity statement that may be used as a basis to award a diversity scholarship. Diversity includes, but is not limited to, race, color, religion, national or ethnic origin, sex, sexual orientation, age, disability, or veteran's status. Thus, an applicant may be diverse because of an ailment battled during youth, loss of a loved one, international experience, interesting family history, or even the cultural/regional background from which she comes. We are each diverse in a number of ways. What sets you apart from everyone else? What unique perspective will you contribute to the law school student body and Society as a whole?
Qualification for a merit scholarship is typically based on undergraduate academic records, Law School Admission Test scores, probability of academic success at the law school, and potential for leadership in the field. Scholarship assistance may also be awarded during law school and may be contingent on academic achievement, school leadership, and involvement in activities and pro bono work.
Educational loans are another source of financial assistance. Students who wish to finance their legal education with educational loans must complete a FAFSA and direct that it be sent to the law school's financial aid office. Qualification for state and federal educational loans is determined by applicable regulations and awards are based on the availability of funds.
Loan Repayment Assistance Programs
Many law schools offer loan repayment assistance (LRAP) programs to law graduates who work in the public sector.
College Cost Reduction and Access Act (CCRAA)
The Federal government offers loan forgiveness to qualifying graduates with outstanding educational debt (not from private sources) who work in the public sector (government and/or public interest). There is also a provision for reducing the monthly educational debt payment based on a graduate's actual public sector income (income-based reduction). For detailed information and additional resources, visit Equal Justice Works.
- Visit our page for Fellowships for Seniors and Recent Graduates to find opportunities for aid
- LSAC Financial Aid: Determining eligibility, financial aid options, applying for aid, repayment options, etc.
- Equal Justice Works: Student debt relief
- W&L Law: Aid for Law Students
- AdmissionsDean: Law school scholarship finder
- AskHeatherJarvis.com: Legal expertise and advice on student loan options
- Access Group: Provides financial education resources and services for students; has loan calculator
- Access Group's Financing Your Legal Education pdf
- FinAid: The Smart Guide to Student Financial Aid
- Scholarship - Buford & Gonzalez, a Texas law firm, is offering a merit and need based $2,000 scholarship to students who will be in college in the Fall of 2016. Factors to be considered include academic achievements, leadership experience and an interest in a criminal law career. Application deadline is typically end of May.