General Questions about Financial Aid/Scholarships
Posted: Thu Oct 20, 2016 11:52 am
.
Law School Discussion Forums
https://www.top-law-schools.com/forums/
https://www.top-law-schools.com/forums/viewtopic.php?f=15&t=270256
It really depends on the school. A lot of T14 schools do take your need into account, but you'll never know how much of a factor it was. But no, you need to get your scholarship materials in by the school's priority deadline. If you miss that, they will have less money to offer you, and you will start from a worse position if you're bargaining.mrtux45 wrote:Thanks a lot for the quick reply.
So essentially the only financial aid you can get from a school is what they award you on a merit basis? Then you can get whatever loans you qualify for via fafsa?
Also, does what your saying debunk the conventional wisdom that it's better to apply early for scholarships because there is more money available? And the only real benefit to applying earlier in the cycle is that there are more seats up for grabs?
From my experience in two different admissions cycles, sometimes they give you a merit $$ offer in your acceptance letter, sometimes it comes later, and when it does come later, how much later varies a lot school to school. As someone who is in every position to qualify for need based aid, and did in undergrad and for LSAC purposes, need based aid did not appear really to be a thing at most schools. They will ask you for a ton of info, you can demonstrate plenty of financial need, and you will still likely get a scholarship offer consistent with your stats. I think Georgetown did merit and need separately but you could not combine the two, so if the need based aid they offered was less than your merit scholarship offer, it was a moot point. In my experience, my demonstrated financial need came into play the most during scholarship negotiations. Do not underestimate how much of a difference negotiating can make.mrtux45 wrote:This is my first cycle applying to schools and I'm kind of lost about what to expect during the financial aid/scholarship process:
1) Do merit scholarship awards typically come with your admissions decision or is this something that comes later? My numbers will put me in a position to get some merit aid/negotiate between peer schools and I just want an idea of what to expect.
2) Does merit aid impact how much need based aid you can be awarded? I'm 24, so from what I understand I have to fill out fafsa and include my parents income information.
Sorry if these are noob level questions, I'm trying to learn how the process works so I can make the best financial decisions.
Thanks for any and all advice
The former is much more effective than the latter.mrtux45 wrote:Thanks for the reply!archipm wrote: Do not underestimate how much of a difference negotiating can make.
Are you referring to going back and forth between peer schools and saying school A gave me $X, is there anyway you can match? Or are applicants in such a position where you can explain to admissions that based on your financial situation you really can't afford to spend XYZ to attend that specific law school?
