Attending Law School is an investment in your future, but it can also be a considerable financial burden. Tuition alone can range from a few thousand dollars to upwards of $50,000 a year, in addition, you will need to calculate selected costs of attending school such as housing, food, books, transportation and other personal expenses. The total cost of a law school education can exceed $150,000.
How do I finance my education?
Scholarships, grants, and fellowships are available but limited. A majority of law school students rely on loans for their primary funding. These loans must be paid back with future income, so the more you borrow, the more of an impact debt will have on life after graduation.
Federal student loans usually have the lowest interest rates, offer the most flexible re-payment options, and offer more opportunities for payment relief than loans funded by private sources. Typically, students who are ineligible for federal student loans use private sources.