For law school financial aid, there are many resources a student can utilize to pay the enormous bills that will be presented to them. The cost can be staggering for some, so be prepared with as much assistance as possible.
There are scholarships and grants along with fellowships that are awarded each semester from a wide variety of places and organizations. One place that is often overlooked is the educational institution for which you have been accepted to. But this brings up a very important point, if you have already been accepted at a law school; you are already off to a late start when it comes to applying for financial aid.
Private schools are very expensive to attend. This is because there is no public money being given the institution to help offset the cost of a student attending classes there. If you choose to finance your own education, there are options. The Free Application for Student Federal Aid must be filled out. Available to graduate students are the Stanford Loan and the Perkins Loan which are federally funded loans that must be paid back after graduation. There is also the Graduate PLUS System that connects private lenders with students that need the necessary resources to continue their education in law.
The main private financial institutions that give loans to aspiring law students are CampusDoor Loans through Access Group, CitiAssist from CitiBank, LAWLOANS from Sallie Mae, and School Loans from KeyBank.
With public schools bills reaching over $50,000 a semester, do not let any avenue of school financial aid go unchecked. Understanding various law school requirements can make the difference between getting into the law school of your dreams and sitting on the sidelines.