Law School Discussion

Grants and Scholarships

bobcat

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Grants and Scholarships
« on: January 18, 2006, 12:31:19 AM »
So I apparently know very little about financial aid for higher education, since I worked my way through my undergrad years.  I have applied to some schools, including Arizona and Indiana, that state that 70% or more of their students receive grants (as per LSAC).  So here's my question: does that include combined need-based grants (after submitting FAFSA) and merit-based scholarships?  Or is it JUST grants or JUST scholarships?  I was quite bummed that IU didn't offer me a scholarship, but if there's a possibility of getting grant money instead, I'd take a harder look at the school. 

I'm independent by several of FAFSA's standards, and I hardly have a lucrative career right now.  Is it reasonable to think that some schools will offer me some decent grant money to help blunt the blow of $25k/year or more in tuition?


Re: Grants and Scholarships
« Reply #1 on: January 19, 2006, 09:34:44 AM »
Need-based grants depend on the school as to whether or not your parents' income factors in... so check it out with the individual schools.  Some have formulas for how much they think your 'rents should contribute based on age (michigan is one of these... dunno what others are).

If your parents make good $$$, you may end up with little in the way of need-based aid, even if your parents, like mine, have no intention of contributing.

For merit aid, the conventional wisdom on here is that you should be above the 75% in both LSAT and GPA at a given school.  I have no idea if that's true or not.