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Financial Aid

IHateLawsSchool.com on Financial Aid

You gotta use it!

Don?t want to use financial aid? If you are like most law students, there is almost now way around it. Not only does a legal education require a major investment of time, but they hit you where it hurts the most: your bank account. Doh!

Choosing the right school

In choosing a law school, be certain to make sure the school you attend is right for you both academically and financially. A few years ago, my friend (we?ll call him Mr. Jones) was blind-sided from his failure to consider both of these factors. In fact, Mr. Jones did not realize he could not afford the law school he was at until he had actually begun class. Needless to say, Mr. J was not a happy camper but has fortunately now found a school that meets his needs.

But wait, there?s more!

Aside from seeking information about the prospective school?s academic program in general, be sure to inquire about the what percentage of students don?t complete their law degree (in layman?s terms: the drop-out rate), the school?s job placement rate and what percentage of students default on their loans.  Obviously, this percentage is a function of many things, including whether or not the school your are attending is a state or private school, the average starting salary of graduates from the school (Show me the money!).  If you are going to law school instead of working as a mathematician, you can go to the SallieMae web site and use their calculator program to make these necessary determinations

Am I guaranteed money?

Most schools do their best to help students get the money the need to attend. After all, a sub-par financial aid office hurts the school?s ranking when students go elsewhere solely for financial reasons.

Good bye and good luck.


The sites listed below have information about loans, scholarships, and grants. Also be sure to check with your school of choice for financial aid information.

Scholarships:

FinAid.org

Search4Scholarships.com

FastWeb

Loans:

Department of Education

Educaid

Educational Finance Group

Department of Education's FAFSA

Sallie Mae Law loans

PHEAA

 

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