Financing Law School

Law School is an investment in your future and is a serious financial investment as well. In fact, the cost of a law school education could exceed $150,000. Before taking on such a major expenditure of time, effort, and money, you should make a realistic assessment of why you are seeking a legal education and how you will pay for it.

Some key points to consider:

  • Education Loans: A majority of students finance law school through federal education loans, which must be paid back with future income. The larger the loans, the longer that debt will be affecting your life.
  • Financial Aid: Financial aid is often limited, but is worth researching. Most scholarships are conferred by individual law schools, but some organizations—including local bar associations, sororities, fraternities, business organizations, and the U.S. Department of Veterans Affairs—also offer scholarships.
  • Loan Forgiveness: If you plan to work in a public service/nonprofit field, you may be eligible to have a portion of your loans erased by the Federal Public Service Loan Forgiveness program.

Helpful Resources

To help you make an informed decision about your finances and your future, we've gathered the following resources.

General Information

Law School Financial Aid

Loan Forgiveness

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