How generous is financial aid at HYS? Forum
-
- Posts: 7
- Joined: Mon Jun 16, 2014 5:41 pm
How generous is financial aid at HYS?
Assuming that you can't be expected to pay anything, and neither can your parents, will financial aid cover everything for you (just like the HYS undergrad schools would)?
- anyriotgirl
- Posts: 8349
- Joined: Wed Dec 18, 2013 11:54 am
Re: How generous is financial aid at HYS?
lol noboomah wrote:Assuming that you can't be expected to pay anything, and neither can your parents, will financial aid cover everything for you (just like the HYS undergrad schools would)?
the max aid will get you to about $150k cost of attendance
-
- Posts: 1862
- Joined: Wed Jun 06, 2012 2:36 pm
Re: How generous is financial aid at HYS?
Harvard costs like $120k if you get the max financial aid. Dunno about YS but I assume it would be similar.
- Cicero76
- Posts: 1284
- Joined: Mon Aug 13, 2012 9:41 pm
Re: How generous is financial aid at HYS?
Yale's maximum grant for a single person with no dependents is $35,000/year. So you still have to take out about $40k in loans.
- DELG
- Posts: 3021
- Joined: Thu May 15, 2014 7:15 pm
Re: How generous is financial aid at HYS?
you can ALWAYS be expected to take out loansboomah wrote:Assuming that you can't be expected to pay anything, and neither can your parents, will financial aid cover everything for you (just like the HYS undergrad schools would)?
yaaaaaay
Want to continue reading?
Register now to search topics and post comments!
Absolutely FREE!
Already a member? Login
- jbagelboy
- Posts: 10361
- Joined: Thu Nov 29, 2012 7:57 pm
Re: How generous is financial aid at HYS?
If you pay cash, then it would be in that range, probably more $125-130 w/ tuition increases. But if you are loaning, then interest + origination fees would push your COA over $150K w/ max aid over three years*.arklaw13 wrote:Harvard costs like $120k if you get the max financial aid. Dunno about YS but I assume it would be similar.
*also, my understanding is that your package would not unlikely remain at max after 2L SA.
- Sls17
- Posts: 146
- Joined: Fri Jul 18, 2014 5:31 pm
Re: How generous is financial aid at HYS?
It's worth nothing that financial aid packages at HYS are not all the same and not even necessarily comparable, depending on the student. Each school uses different formulas and factors.
HLS offered me no aid at all. SLS offered me the max fin aid package. This is sort of an extreme example because of my parents' slightly bizarre financial situation, but it happens.
Edit: I do think the $40k contribution rule applies to all three, with small variations on the maximum possible aid package dependent on each school's student budget.
HLS offered me no aid at all. SLS offered me the max fin aid package. This is sort of an extreme example because of my parents' slightly bizarre financial situation, but it happens.
Edit: I do think the $40k contribution rule applies to all three, with small variations on the maximum possible aid package dependent on each school's student budget.
-
- Posts: 1381
- Joined: Sat Feb 07, 2009 12:28 am
Re: How generous is financial aid at HYS?
What kind of situation does one need to be in to get a ton of financial aid?
- Ohiobumpkin
- Posts: 564
- Joined: Fri Oct 21, 2011 9:50 am
Re: How generous is financial aid at HYS?
The financial aid is not as generous as the guaranteed $160K job you can get after graduating from HYS, but I'm sure you'll make due.
- Desert Fox
- Posts: 18283
- Joined: Thu Sep 04, 2014 4:34 pm
Re: How generous is financial aid at HYS?
Which is why HYS "need aid" should be replaced by a more generous LRAP for private practice.Ohiobumpkin wrote:The financial aid is not as generous as the guaranteed $160K job you can get after graduating from HYS, but I'm sure you'll make due.
Last edited by Desert Fox on Sat Jan 27, 2018 5:47 am, edited 1 time in total.
- Cicero76
- Posts: 1284
- Joined: Mon Aug 13, 2012 9:41 pm
Re: How generous is financial aid at HYS?
Middle classSeoulless wrote:What kind of situation does one need to be in to get a ton of financial aid?
-
- Posts: 1381
- Joined: Sat Feb 07, 2009 12:28 am
Re: How generous is financial aid at HYS?
how much could I theoretically be looking at?
Last edited by BillsFan9907 on Fri Jan 09, 2015 1:02 am, edited 1 time in total.
-
- Posts: 1381
- Joined: Sat Feb 07, 2009 12:28 am
Re: How generous is financial aid at HYS?
Where are you getting this from?arklaw13 wrote:Harvard costs like $120k if you get the max financial aid. Dunno about YS but I assume it would be similar.
Register now!
Resources to assist law school applicants, students & graduates.
It's still FREE!
Already a member? Login
-
- Posts: 1862
- Joined: Wed Jun 06, 2012 2:36 pm
Re: How generous is financial aid at HYS?
http://law.harvard.edu/current/sfs/poli ... aging.htmlSeoulless wrote:Where are you getting this from?arklaw13 wrote:Harvard costs like $120k if you get the max financial aid. Dunno about YS but I assume it would be similar.
Base loan is $44k per year. So your minimum out of pocket expense is $132k.
- heythatslife
- Posts: 1201
- Joined: Fri Sep 21, 2012 7:18 pm
Re: How generous is financial aid at HYS?
Each of HYS does it differently. From my understanding of the H system, your grant amount would vary depending on how much you have saved up; S seems to be based more on past earnings.Seoulless wrote:So If I am making around 30 a year, too old for parents salary to be taken into account, how much could I theoretically be looking at?Cicero76 wrote:Middle classSeoulless wrote:What kind of situation does one need to be in to get a ton of financial aid?
(Yes, this does create an incentive to spend your money stuff to minimize your assets before the application cycle IF you have the numbers to reasonably expect to get into HLS)
-
- Posts: 1381
- Joined: Sat Feb 07, 2009 12:28 am
Re: How generous is financial aid at HYS?
Thanks. I really wish there was more transparency to all of this. They have 40000 pages PDFs but they can't give us a simple calculator to estimate financial reward.heythatslife wrote: (Yes, this does create an incentive to spend your money stuff to minimize your assets before the application cycle IF you have the numbers to reasonably expect to get into HLS)
- Cicero76
- Posts: 1284
- Joined: Mon Aug 13, 2012 9:41 pm
Re: How generous is financial aid at HYS?
Interest capitalizes during all three years though, and tuition Keeps going up. Probably $140k is a better estimate of the minimum. It's pretty close to what I'll have experienced.arklaw13 wrote:http://law.harvard.edu/current/sfs/poli ... aging.htmlSeoulless wrote:Where are you getting this from?arklaw13 wrote:Harvard costs like $120k if you get the max financial aid. Dunno about YS but I assume it would be similar.
Base loan is $44k per year. So your minimum out of pocket expense is $132k.
Get unlimited access to all forums and topics
Register now!
I'm pretty sure I told you it's FREE...
Already a member? Login
-
- Posts: 1381
- Joined: Sat Feb 07, 2009 12:28 am
Re: How generous is financial aid at HYS?
Something isn't adding up. According to their ABA 509, 11 people got more than full tuition each year. There is no way these people have taken out 132 k?arklaw13 wrote:
Base loan is $44k per year. So your minimum out of pocket expense is $132k.
http://hls.harvard.edu/content/uploads/ ... t20132.pdf
- heythatslife
- Posts: 1201
- Joined: Fri Sep 21, 2012 7:18 pm
Re: How generous is financial aid at HYS?
1. Max grant in the financial aid package is something like 35k. But it's conceivable that a handful of people received a combination of restricted scholarships* + summer/winter funding in addition to their SFS award that pushed their total grant above the tuition amount.Seoulless wrote:Something isn't adding up. According to their ABA 509, 11 people got more than full tuition each year. There is no way these people have taken out 132 k?arklaw13 wrote:
Base loan is $44k per year. So your minimum out of pocket expense is $132k.
http://hls.harvard.edu/content/uploads/ ... t20132.pdf
2. 44k/year loan requirement is intended to cover cost of living and various other expenses (e.g. insurance, books) as well. So even if your grant somehow met the tuition in its entirety (see above), you're still looking at 25k/year in loans.
*Restricted scholarships are given to those who meet certain criteria that are not merit-based. Like you have to be affiliated with certain organizations or descended from some person/tribe.
- Cicero76
- Posts: 1284
- Joined: Mon Aug 13, 2012 9:41 pm
Re: How generous is financial aid at HYS?
When you have a family, they increase your cost of living and increase your grants proportionally to cover that. So there are some people who are getting $50k+ in grants, but they for the most part have wives/husbands and multiple kids.Seoulless wrote:Something isn't adding up. According to their ABA 509, 11 people got more than full tuition each year. There is no way these people have taken out 132 k?arklaw13 wrote:
Base loan is $44k per year. So your minimum out of pocket expense is $132k.
http://hls.harvard.edu/content/uploads/ ... t20132.pdf
-
- Posts: 798
- Joined: Tue Jul 01, 2014 3:51 pm
Re: How generous is financial aid at HYS?
Seoulless wrote:Something isn't adding up. According to their ABA 509, 11 people got more than full tuition each year. There is no way these people have taken out 132 k?arklaw13 wrote:
Base loan is $44k per year. So your minimum out of pocket expense is $132k.
http://hls.harvard.edu/content/uploads/ ... t20132.pdf
There are some general scholarships, for example for people coming from a commonwealth country, that HLS students can apply for. I am sure these make up those numbers.
-
- Posts: 1381
- Joined: Sat Feb 07, 2009 12:28 am
Re: How generous is financial aid at HYS?
Ah nice. Need to look into those. I have commonwealth citizenship. Any idea if dual citizenship negates that? Looking into it now, but please share any personal experience if you like.
Communicate now with those who not only know what a legal education is, but can offer you worthy advice and commentary as you complete the three most educational, yet challenging years of your law related post graduate life.
Register now, it's still FREE!
Already a member? Login