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.
Applicants must be currently enrolled in college, graduate school, or be a GED holder who is about to attend a college within the United States are eligible. Applicants must show good academic standing by holding a GPA of 3.0 or higher.
Massachusetts LGBTQ Bar Association (“the Mass. LGBTQ Bar”) offers the annual Alexander G. Gray, Jr., Scholarship Award to one current second, third or fourth year law student.
The applicant must be a law school student or an undergraduate with a declared major related to law, and accepted to or attending an accredited university in the United States.
Drummond Law Firm offers a $1,000 scholarship. Eligible applicants must be high-school students currently in a JROTC or Boy Scout Explorer program that has been accepted to and will be attending a post-high school institution in the United States. Click here to learn more and apply today!
The LSAT Prep Courses Scholarship is available for current or incoming law school students studying in the U.S. To enter this contest, applicants must submit one or more reviews of LSAT prep courses and/or study guides.
Our firm is guided by the idea that all people are entitled to high-quality legal representation, regardless of wealth or social status. This idea requires that there are enough high-quality attorneys and legal professionals working in the field to support those who are in need of representation.
In an effort to enable more students who have a passion for law to be able to pursue that passion, our Houston car accident attorneys are offering an annual scholarship contest which will award a law student with a $1,500 award to be put toward his or her law school costs.
The Brylak Law Safety Scholarship Contest is available for accepted and enrolled college students who submit an essay or video on the current year’s topic.
The attorneys at Connecticut Domestic Violence Information Center are dedicated to assisting those in need. They understand the importance of giving back to the community and supporting people after experiencing something traumatic like domestic violence.
To show their appreciation for everyday heroes in our community, the Connecticut Domestic Violence Information Center is proud to once again offer the Good Samaritan Scholarship for 2023. This $1,000 scholarship will be awarded to a student who exemplifies the characteristics that are embodied by a good samaritan. We are looking for a student who is helpful and giving towards others. Good samaritans are sympathetic and kind; usually showing up to lend a hand at times when most others will not. We are excited to have the opportunity to acknowledge a student who goes above and beyond in showing generosity to others.
The Child of an American Veteran Scholarship is available for high school senior currently attending or enrolled in an accredited community college or undergraduate degree program with a cumulative GPA of at least 3.0.
Avnet Law is a Noblesville, Indiana law firm focusing on Personal Injury Law, Criminal Law, Family Law, and Business Litigation. This $1,000 scholarship is offered to support a community-minded college or graduate student whose has demonstrated a history of community service and involvement. Click here to learn more and apply today!
