5 answers
Owen
Student
Delavan, Wisconsin
2
Questions
Asked
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How much money did you spend on law school?
Did you receive any scholarships?
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5 answers
Job Hall
Real Estate Manager
125
Answers
Reno, Nevada
Updated
Job’s Answer
$120,000.00 in 3 years.
Alexandra Grashkina-Hristov
International Tax Professional
155
Answers
Boston, Massachusetts
Updated
Alexandra’s Answer
Hi Owen,
During my second and third year of law school, I had a scholarship of approximately $10,000. The first year I did not have a scholarship. You are also not allowed to work during the first year of law school, so I took out a larger loan in the first year. However, in my second and third year I worked part-time and was able to pay for my living expenses. I ended up borrowing $45,000 for the first year, about $35,000 during the second year and about $40,000 the third year. I would note that some law schools may offer higher scholarships than others but, generally, you would have to take out a loan for law school. Also, your loans collect interest while you are in school, unfortunately. It is important to think of these loans as an investment in yourself which you will pay back but it takes time and hard work to pay it back for sure. I was able to pay off about half of the loan amount in approximately 5 years of work after law school.
Good luck!
During my second and third year of law school, I had a scholarship of approximately $10,000. The first year I did not have a scholarship. You are also not allowed to work during the first year of law school, so I took out a larger loan in the first year. However, in my second and third year I worked part-time and was able to pay for my living expenses. I ended up borrowing $45,000 for the first year, about $35,000 during the second year and about $40,000 the third year. I would note that some law schools may offer higher scholarships than others but, generally, you would have to take out a loan for law school. Also, your loans collect interest while you are in school, unfortunately. It is important to think of these loans as an investment in yourself which you will pay back but it takes time and hard work to pay it back for sure. I was able to pay off about half of the loan amount in approximately 5 years of work after law school.
Good luck!
Joan Shea
Global Marketing Director
110
Answers
Newcastle, WA
Updated
Joan’s Answer
Hello Owen!
It's fantastic to hear that you're pondering a future in law as an Attorney. This is a noble and rewarding path to take!
The financial aspect of law school can vary quite a bit, depending on a number of factors such as the type of institution, its location, and the residency status of the student. As per the data from Forbes Advisor, the average total cost for a three-year law school journey hovers around $193,170. Breaking it down further, a single year of law school tuition averages at about $40,790, but this figure can fluctuate between approximately $28,000 and $49,000, contingent on the specific school. Don't forget to account for living expenses too, which can add an extra $15,000 to $30,000 per year to the overall cost.
However, remember that these figures are just averages and the actual cost can vary based on a multitude of factors. The silver lining here is that there are numerous scholarships and financial aid options available to help mitigate these costs.
I hope this information proves useful to you, and I wish you all the best in your future endeavors!
It's fantastic to hear that you're pondering a future in law as an Attorney. This is a noble and rewarding path to take!
The financial aspect of law school can vary quite a bit, depending on a number of factors such as the type of institution, its location, and the residency status of the student. As per the data from Forbes Advisor, the average total cost for a three-year law school journey hovers around $193,170. Breaking it down further, a single year of law school tuition averages at about $40,790, but this figure can fluctuate between approximately $28,000 and $49,000, contingent on the specific school. Don't forget to account for living expenses too, which can add an extra $15,000 to $30,000 per year to the overall cost.
However, remember that these figures are just averages and the actual cost can vary based on a multitude of factors. The silver lining here is that there are numerous scholarships and financial aid options available to help mitigate these costs.
I hope this information proves useful to you, and I wish you all the best in your future endeavors!
Baljit Gill
tutor
30
Answers
Milpitas, California
Updated
Baljit’s Answer
Hello Owen,
As a British citizen, I was fortunate to secure a grant from the government that I had applied for, which covered my tuition and a few minor expenses. In addition, I took on various jobs while pursuing my studies to supplement my income. My primary expenditures were rent, food, and travel.
In this country, students often depend on financial aid packages to fund their education. There are several online tools available that can help you calculate the financial aid you might be eligible for, like this one: https://www.savingforcollege.com/calculators/financial-aid-calculator.
One piece of advice I'd like to share is, if you're applying for financial aid, consider working part-time if possible. This can not only help cover your expenses but also provide valuable work experience.
As a British citizen, I was fortunate to secure a grant from the government that I had applied for, which covered my tuition and a few minor expenses. In addition, I took on various jobs while pursuing my studies to supplement my income. My primary expenditures were rent, food, and travel.
In this country, students often depend on financial aid packages to fund their education. There are several online tools available that can help you calculate the financial aid you might be eligible for, like this one: https://www.savingforcollege.com/calculators/financial-aid-calculator.
One piece of advice I'd like to share is, if you're applying for financial aid, consider working part-time if possible. This can not only help cover your expenses but also provide valuable work experience.
Ryan Orr
Director, Employee Relations and Compliance
2
Answers
Bend, Oregon
Updated
Ryan’s Answer
Attending an in-state law school may still require an investment of over $100,000, considering both tuition and living expenses. Private or out-of-state can be much more. This is indeed a hefty sum, but it can yield fruitful results if you manage to secure a position in the higher echelons of the legal profession. However, it's important to remember that the legal field isn't the only path to a prosperous career. There's a multitude of occupations beyond law that offer comparable salaries, without incurring the substantial financial commitment of law school.