If your life goal is to become an attorney, then law school is already in your future plans. What you may not be aware of is the cost, so you should become familiar with the expenses associated with earning a law degree, as well as your options for paying those costs.
The average cost of tuition and other fees at private schools is just over $49,000 per year, and in-state public schools cost over $21,000 less. Since law school takes three years, the overall cost will be roughly between $85,000 and $150,000 added expense after you earn your four-year degree.
While that may seem like a staggering total, you most likely won't have that amount of debt upon law school graduation if you plan carefully and understand all your options. Scholarships, grants, and loans can cover much, if not all, of your tuition if you understand your options.
Student Loans Center
What Are Law School Loans?
Law school loans are available for those who hold a bachelor’s degree, have taken the LSAT exam, and enroll in a law school program. This type of loan is offered both privately and federally and is designed to offset the costs of law school after the student has exhausted grant, scholarship, and other financial aid sources to pay for their tuition. The terms for law school loans differ depending on the source, so some may require minimum family incomes or other specific criteria to qualify for monies.
Each law school determines the type of financial aid they accept, so you should work closely with your prospective school to make sure you apply for the correct type of loans to pay for your tuition and other school expenses. That way you won’t apply for financing that is not accepted at your school of choice.