Law school is a huge, but sound investment into your future. Experience shows that Coastal Law students have a stellar return on their educational investment. On average, our graduates earn $750,000 more in their lifetime than if they hadn’t received their law degree from Coastal Law. Nonetheless, determining how to finance your legal education can be a strain mentally, emotionally, and financially.
When considering how to finance your legal education, here a few tips to keep in mind that can help ease the strain as you begin your legal education. Planning in advance is always your best plan to ensure you are prepared and can focus on your first year of law school without the stress of finances.
- Scholarships for Law Students
- Most law schools offer merit based scholarships. Make sure your undergraduate GPA and LSAT score are as high as possible to maximize your award.
- Ask if the law school offers additional scholarships. You may have to apply or be recommended for additional awards.
- Coastal Law offers a full range of scholarships for its students. We offer scholarships for First Responders, Diversity Champions, and more. See a list of the scholarships Coastal Law offers here.
- Student Loans
- Apply for Federal Aid to receive student loans with the lowest interest rates.
- Start with submitting your FAFSA. This will qualify you for $20,500 per year.
- For additional student loans, apply for Grad Plus. This credit-based loan will help cover the rest of tuition as well as living expenses.
- If you currently have a job and want to keep working, consider attending school part-time.
- As a full-time student it is recommended that you work less than 20 hours per week. Even a few hours of work help bring in a little extra money.
- Look into on-campus jobs, work-study, or paid internships. These types of positions could help you gain legal experience while easing the financial burden.
- Creating a budget ensures that you don’t spend money you don’t have and helps you prepare for future expenses.
- Compare your needs versus wants. Remember to live like a student now so you can live like an attorney later.
- Borrow smart. Don’t take our more loans than you need.