Paying for Law School
Paying for law school can be overwhelming, especially if you already have loans for your undergraduate education. All law school loans fall into the category of “unsubsidized loans,” which means that interest begins to accrue immediately. Picking the right type of loan is a complex and strategic choice.
But there are fantastic resources to help you figure this all out, especially if you have to take out loans for law school, and most people do.
If you have the opportunity, take a personal finance class. A great place to start is 40 Money Management Tips Every College Student Should Know by the National Endowment for Financial Education.
You should also take advantage of talking to law school admissions staff, especially at the schools where you have been accepted.
AccessLex.org is a non-profit organization that provides FREE financial consulting and tons of valuable information. You can go to their website and sign up for a one-on-one conversation with a financial professional who specializes in helping people pay for law school. They can also steer you to scholarships. This is a phone call that everyone needs to make.
Check out the AccessLex student loan calculator.