How Do You Receive Law Scholarships for Law School?
If your goal is to become a lawyer, you may be wondering how to pay for law school. Luckily there are a few law school scholarships that may help you with your investment of time and money.
In order to receive a law scholarship, you must show good academic performance, financial need and LSAT scores. Other criteria may also be submitting a well written essay and acceptance letter to law school.
The cost of attending (COA) law school includes fixed expenses like tuition and fees. Then there are extras like food, housing, books and travel. Many people enter law school after earning a bachelor’s degree. Law school then takes three years and awards a Juris Doctor or JD degree.
Once you graduate with a JD degree and pass the Bar Exam, one option may be to practice law. According to the Bureau of Labor Statistics, many lawyers today earn earn a median annual salary of $122,960. That’s something to keep in mind when you weigh the pros and cons of each type of aid.
What is the Average Cost of Law School and Average Amount of Financial Aid Received?
The cost of law school will vary depending on where you study. Tuition and fees for instance, differ across institutions. Housing, books and travel may reflect the cost of living in a state and region.
According to the NCES, the average cost of law school is $8,698 per year at a public school. The cost is even higher, $42,227 per year if you earn your degree at a private school.
As these are only norms, you’ll find a range of more expensive law schools. And ones that may be more affordable to you budget and keep your debt down.
This is pretty important. The NCES found that 75% of students who completed a professional doctorate (such as a law degree) had student loans. They also report the average total loan balance was about $186,600 per borrower.
What are the Most Common Ways to Help Pay for Law School?
Student loans, grants, and scholarships are three of the most common ways to pay for law school. Some students may also get part time employment through the federal work study program. This tends to be in their second and third years of law school.
First year students are expected to focus fully on schoolwork. Also, there is an ABA mandated limit on the number of hours full time law students are permitted to work. Here are some more information about popular sources of funding.
Law Scholarships and Grants
Both law scholarships and grants typically do not have to repay back unlike student loans. But you may need to sign a contract and agree to any terms.
To apply for either a law scholarship or a grant, you need to first qualify. There are ones for certain groups (minority, women) attending law school. And for students who want to practice a specific kind of law.
Apart from your law major, eligibility may also depend on your GPA and test scores. Providers may also want to see your level of financial need and any efforts you make to serve your community.
MileMark Media Legal Scholarship offers an annual $1,000 law scholarship to incoming and current law students. To apply, eligible applicants must have a 3.0 GPA and submit an essay of 500 words or less.
Federal Student Aid
The federal government also offers financial aid. Federal Pell Grants are one kind, and these go to low income undergrads and some post bachelor’s students.
Bear in mind though that 12 terms is the max any student can receive Pell Grants. So, if you’ve maxed out on the grants, you may need to think about a student loan.
Federal student loans are another type of aid available through the government. Unlike a grant which you do not repay, a student loan is money you borrow and pay back with interest.
There are three types of federal student loans for graduate students. One is a direct subsidized loan which is not based on financial need. The second is a direct PLUS loan. Also called grad PLUS loan when referring to professional students.
Grad PLUS loans pay education expenses not covered by other financial aid. And, while eligibility doesn’t depend on financial need, you must pass a credit check.
Last are Direct Consolidation loans. These allow you to meld all your eligible federal student loans into a one loan with a single provider.
How Do You Complete the FAFSA?
To find out if you qualify for a grad PLUS loan, you must fill out a Free Application for Federal Student Aid (FAFSA). This gives the government a picture of your unmet financial need. Unmet need is the difference between two things. Your Estimated Financial Contribution or EFC and the cost of attendance (COA) of college.
As an undergrad, your EFC reflects your parental income. But as a grad or professional student, your status is “independent”. It also explains why lenders look at your credit report before giving the OK on a loan request.
That said, law school policies about independence vary and some do ask for family info. Above all when you apply for institutional grants, loans and law scholarships. Then, armed with this info, the financial department is able to figure out how much aid to award you and what type of aid you are eligible for.
Private Student Loans
Another option if you want to borrow money to pay for law school is to take out a private student loan. Private student loans often help qualified students who are not eligible for federal loans.
These loans tend to be available through lenders such as banks. If this is your preferred form of aid, make sure your provider is credible and has a solid reputation. Then you might shop around for competitive interest rates, grace periods and repayment plans.
List of Law Scholarships
There are awards worth below. Check out our list of law scholarships.
The scholarship is open to any current high school senior, college student or graduate student who is a legal resident of the United States residing in one of the 50 states or the District of Columbia and who is enrolled or accepted into a two to five year post-secondary institution for the Spring 2021 semester.
The Vaughn S. Clauson Public Interest Scholarship is open to students attending a college, university graduate school, or law school located in the United States during the 2021-2022 school year.
The Sam A. Kessler Memorial Scholarship is available for students who have lived in St. Louis for at least ten years and are active in the local Jewish community. Click here to learn more and apply today!
The Boston University School of Law Public Interest Scholarship program provides a full tuition scholarship for all three years to a number of students who demonstrated their desire to pursue a career in public interest law. Public interest law is a broad field. It includes both domestic and international work; direct service, impact litigation, and policy work; and government and non-profit work. Apart from the Public Interest Scholarship, recipients are granted a $5,000 stipend for their 1L and 2L summers to pursue public interest internships, as well as career guidance and faculty mentoring.
Tampa Bay Businesses for Culture and the Arts, TBBCA, is a 501(c) (3) founded in 1989, one of the national Business Committees for the Arts, part of the private sector network and national pARTnership Movement of Americans for the Arts. TBBCA mission is to unite Tampa Bay businesses to champion arts and culture for a prosperous community.
This is the first annual Smith & Eulo legal scholarship! This law firm is offering a $2,500 scholarship to one current or prospective law student. This scholarship will be for the fall academic semester.
Glotzer & Leib is a personal injury law firm serving accident victims in Southern California. The $1000 scholarship will be made payable directly to the awardee for use towards school related expenses / tuition. Their mission to empower Californians goes beyond helping after an accident. The scholarship is offered biannually.
Law school scholarships are offered in two ways; internal scholarships, which are often offered by the school and alumni, as well as external scholarships, which are offered by other outside organizations. Law school scholarships may be based on merit (students who have performed well in their undergrad studies, at work, or on exams like the LSAT). Need-based law school scholarships are generally awarded to students who demonstrate a financial need.
BARBRI Inc. offers law exam prep courses. This scholarship honors leaders who’ve made it their goal to embody the law and serve as agents of change. Each year they offer 10 scholarships to students heading to law school. The committee scores the application essay using metrics for creativity, passion, production quality and message.
A Karsh-Diller Scholar receives an amount that covers full tuition and fees for three years of legal study, as long as the recipient stays in good standing. Karsh-Dillard Scholars also receive special mentoring from members of the faculty during their tenure at the Law School. Learn more and apply today!
