You gotta use it!
Don?t want to use financial
aid? If you are like most law students, there is almost now way around
it. Not only does a legal education require a major investment of time,
but they hit you where it hurts the most: your bank account. Doh!
Choosing the right school
In choosing a law school,
be certain to make sure the school you attend is right for you both
academically and financially. A few years ago, my friend (we?ll call
him Mr. Jones) was blind-sided from his failure to consider both of
these factors. In fact, Mr. Jones did not realize he could not afford
the law school he was at until he had actually begun class. Needless to
say, Mr. J was not a happy camper but has fortunately now found a
school that meets his needs.
But wait, there?s more!
Aside from seeking
information about the prospective school?s academic program in general,
be sure to inquire about the what percentage of students don?t complete
their law degree (in layman?s terms: the drop-out rate), the school?s
job placement rate and what percentage of students default on their
loans. Obviously, this percentage is a function of many things,
including whether or not the school your are attending is a state or
private school, the average starting salary of graduates from the
school (Show me the money!). If you are going to law school
instead of working as a mathematician, you can go to the SallieMae
web site and use their calculator program to make these necessary
Am I guaranteed money?
Most schools do their best
to help students get the money the need to attend. After all, a sub-par
financial aid office hurts the school?s ranking when students go
elsewhere solely for financial reasons.
Good bye and good