Suggestions for financing a law school education?

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blong4133
Posts: 219
Joined: Mon Sep 14, 2009 12:35 pm

Suggestions for financing a law school education?

Postby blong4133 » Tue May 04, 2010 12:02 pm

Hey everyone, I'm now in the process of finalizing things for law school next semester and I'm getting a little diheartened at how much debt I'm going to have after I graduate. Between tuition and books and cost of living, along with my girlfriend (who'll be my wife by the time i graduate) gonig to Physical Therapy school, we're going to be looking at a huge debt.

Just out of curiosity, does anyone have any suggestions for financing a law school education? Luckily, my girlfriend has close to a full ride for her undergrad for softball and I'll have a pretty small debt to pay back for my undergrad (probably about 10,000-15,000).

I know law school is expensive and that is why I'm looking to those of you who have had to go throgh the same thing i'm dealing with right now.

Also, I'm not planning on working in a big city for a big firm, I'd like to stay around my hometown with about 20,000 people in it, so chances are I won't be pulling in 500k (or even 100k for that matter) every year.

Thanks for any help you can offer.

09042014
Posts: 18282
Joined: Wed Oct 14, 2009 10:47 pm

Re: Suggestions for financing a law school education?

Postby 09042014 » Tue May 04, 2010 12:04 pm

Go to a school that gives you a full ride.

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MoS
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Joined: Fri Oct 16, 2009 10:59 pm

Re: Suggestions for financing a law school education?

Postby MoS » Tue May 04, 2010 12:13 pm

Use the resources available to you, LSN, TLS, Law School Predictor, and focus your applications on places where you think you could get full rides or large scholarships. I did that and only had one school that didn't offer me a scholarship, and only one of those scholarships was less than 3/4 tuition. If money is an issue then treat it the same as any other factor (location, reputation, etc.) when choosing where to apply. You might also look at LRAP programs at schools if you know you will do public intrest, which is not very lucrative at all. Also know that federal loan repayment can be capped at 10% of your monthly earnings. Now that may just mean you pay for 30 years on the loan, which doesn't sound like fun, but it can keep you from $1000 loan payments.

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trialjunky
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Joined: Thu Jan 07, 2010 6:41 am

Re: Suggestions for financing a law school education?

Postby trialjunky » Tue May 04, 2010 12:14 pm

or a school that places well for government jobs. It'll cap your monthy payments reasonably and after 10 years will wipe whatever debt you have left.

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trialjunky
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Joined: Thu Jan 07, 2010 6:41 am

Re: Suggestions for financing a law school education?

Postby trialjunky » Wed May 05, 2010 12:35 pm

or walk the street at night in the finance district...it has served me well.

03121202698008
Posts: 3002
Joined: Fri Jul 17, 2009 2:07 am

Re: Suggestions for financing a law school education?

Postby 03121202698008 » Wed May 05, 2010 1:14 pm

Join the military, serve 4 years, then use your GI Bill.

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LawandOrder
Posts: 611
Joined: Mon Jan 05, 2009 4:36 pm

Re: Suggestions for financing a law school education?

Postby LawandOrder » Wed May 05, 2010 1:22 pm

Don't enroll.
Zero debt.
Win.

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RonArtest
Posts: 74
Joined: Tue Mar 30, 2010 12:45 pm

Re: Suggestions for financing a law school education?

Postby RonArtest » Wed May 05, 2010 1:25 pm

Prostitution.

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trialjunky
Posts: 928
Joined: Thu Jan 07, 2010 6:41 am

Re: Suggestions for financing a law school education?

Postby trialjunky » Wed May 05, 2010 2:17 pm

RonArtest wrote:Prostitution.



Covered that

trialjunky wrote:or walk the street at night in the finance district...it has served me well.




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