The cost of attending law school is a huge financial consideration for aspiring lawyers. But many students don’t pay the full “sticker price” for their law degree: they receive a substantial amount of grants and scholarships that reduce tuition (discounted tuition). This type of aid is typically merit-based, and students can find out how much their prospective schools grant to 25th, 50th and 75th percentile students by looking at the schools’ ABA standard 509 Information Reports.
Law students also pay other fees beyond tuition, including student fees, books and supplies, living and boarding expenses, health insurance and transportation costs. In some cases, these can add up to well over $100,000 per year. This is why it is essential for aspiring lawyers to carefully consider these expenses when choosing a law school and considering a career in the legal industry.
Tuition assistance is available from a variety of sources, including law schools, private companies, government agencies and charitable foundations. Students should consider all options and apply to those that best fit their financial situation. In addition, it is important for students to apply for all relevant scholarships and grants.
The Federal Bureau of Investigation, for example, offers tuition assistance for its employees. This can help make law school affordable for students who want to pursue careers in the FBI and other government agencies. Additionally, there are a number of loan repayment programs aimed at helping students who work in certain areas of public service. Law Tuition