Law School Financial Aid

The decision to attend law school is a big one that will affect your entire life. Law school is not easy, nor is it cheap. However the rewards of pursuing your career as an attorney in your chosen field of law can provide both financial and personal rewards that can last from your first years in your career to the day you retire and beyond. In addition to the commonly awarded types of federal financial aid, there are law school financial aid programs you should look into and see if you qualify for them.

One program was created by the nonprofit Access Group. This group happens to be the biggest source of private loans for law school. The loans available from Access Group are the Law Access Loan and the Bar Examination Loan. The headquarters for this group are in Wilmington, Delaware and they can be reached by phone at 1-800-282-1550. After the standard student financial aid, this should be the next source you apply with for financial aid. The group was actually founded by the legal education community, so you can trust they are legitimate and knowledgeable.

Nellie Mae is another financial institution you should look into when it comes to financial aid for your law school education. They have the LawEXCEL loan available for qualifying law school students. You can inquire with Nellie Mae through their toll free number which is very easy to remember, it is 1-800-9-TUITION (1-800-988-4846) and ask any questions you may have about eligibility, how much you can qualify for and the application process. A related lender is Sallie Mae, who has a program called LAWLOANS and can be reached by calling 1-800-266-5626.

Other types of law school financial aid that should actually be applied for first are provided by the federal government. They include the Stafford loan, which most every student (both graduates and undergraduates) will qualify for. Perkins loans are for students with financial hardship. Then there are an assortment of federal and even private grants, which do not have to be repaid. Scholarships are also recommended for law school students, as they can help take care of a portion of your education expenses. Also, check with your school about work study programs that can also help cover the costs of law school.






 

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Financial Aid News:

 

RBS Citizens Financial Group expands Education Finance business to offer . - MarketWatch (press release)

Telegraph.co.uk
RBS Citizens Financial Group expands Education Finance business to offer .
MarketWatch (press release)
PROVIDENCE, RI, May 16, 2012 (BUSINESS WIRE) -- RBS Citizens Financial Group, Inc. (RBSCFG) today announced the expansion of its student lending business and now is offering private student loans to college students across the 48 contiguous states.
RBS's US Bank Subsidiary Wants To Grow Student LendingWall Street Journal

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Student-loan debt collector made $454000 in year - San Francisco Chronicle

Bloomberg
Student-loan debt collector made $454000 in year
San Francisco Chronicle
Number of the day $454000 That's how much Joshua Mandelman made in one year as a student-loan debt collector, more than twice the pay of the US secretary of education. Mandelman and six others at Educational Credit Management, a Minnesota nonprofit .
Taxpayers Fund $454000 Pay for Collector Chasing Student LoansBloomberg
MN debt collectors reap huge salaries chasing student loansMinneapolis / St. Paul Business Journal
Nonprofit Student-Loan Debt Collectors Reap WindfallChronicle of Philanthropy (subscription) (blog)

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Congress Attempts to Sneak Tax Increase Into Student Loan Bill - Forbes

Forbes
Congress Attempts to Sneak Tax Increase Into Student Loan Bill
Forbes
That's because Congress did what it does best: it snuck a controversial provision to boost taxes on certain S corporation shareholders into the Stop the Student Loan Interest Rate Hike Act of 2012 (SB 2343). Despite the fact that the text of the bill .

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Families earning $300K getting financial aid
Private schools are getting flooded with financial aid applications, and a growing number of the parents seeking help are earning $150,000 or more a year...


Financial aid increases for summer
The DU financial aid office plans to increase tuition aid for the upcoming summer quarter to match the average aid given during the school year, which was approximately $24,182, according to Chris George, director of Financial Aid...


Tips to help students understand financial aid for college
These are anxious days for many high school seniors. That's because this is the time of year that students and their families must pick a college by sorting through letters of acceptance and financial aid award letters...


Student loan blues - Baltimore Sun

Baltimore Sun
Student loan blues
Baltimore Sun
By Walter Hamilton, Los Angeles Times Brenda Small didn't think twice about taking out student loans to pay for nursing school in the late 1980s. She figured she could easily pay off the $20000 bill EUR” until an injury a few years later left her .
Student loan debt 'an American issue'Hattiesburg American
Political divide over student loansCanton Repository
Student loan distraction: College kids as political pawnsThe Union Leader
New York Times -Huffington Post (blog) -U.S. News & World Report
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