What's a typical financial aid package for $70K?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
oxygenate
Posts: 21
Joined: Thu Jun 11, 2009 10:51 am

What's a typical financial aid package for $70K?

Postby oxygenate » Fri Feb 18, 2011 3:45 am

Stafford loans have limit -- so is it possible to stuff the sticker price and living cost that amount to $70K from just loans? Or will law schools give out grants (not to be paid back) or merit scholarships to help when I can't take out the whole amount in loans? What are typical $70K financial aid packages like?

Thanks.

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Eugenie Danglars
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Joined: Wed Jul 07, 2010 12:04 pm

Re: What's a typical financial aid package for $70K?

Postby Eugenie Danglars » Tue Feb 22, 2011 7:01 am

Most of the time, you will not be able to cover everything with Stafford loans and grants (unless, of course, you have a full scholarship or something). Many people cover the difference with either Grad PLUS loans or private loans. Be careful with the private loans since they are not eligible for IBR.

Finally, your aid package will vary widely from school to school. Here's a sample from the University of Akron and one from Harvard.

Renzo
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Joined: Tue Dec 02, 2008 3:23 am

Re: What's a typical financial aid package for $70K?

Postby Renzo » Tue Feb 22, 2011 9:10 am

Stafford loans up to the limit, and Grad Plus loans for the remainder.




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