Law School Discussion

How much tuition does financial aid cover ?

djack

How much tuition does financial aid cover ?
« on: July 25, 2005, 12:47:42 PM »
I was just looking and analyzing the cost of Law school. Most are around 30K a year.This lead me to wonder what percentage of the cost does the maximum amount of government assistance cover. Does anyone know how this works? What amount a person on average would a person is left to cover?

COmom

Re: How much tuition does financial aid cover ?
« Reply #1 on: July 25, 2005, 12:57:08 PM »
Well the max federal aid you can get each year is $18.5K - so the rest would be loans, scholarships, or out of pocket.

Re: How much tuition does financial aid cover ?
« Reply #2 on: July 25, 2005, 01:10:27 PM »
18.5 is the max for stafford loans, and you can also qualify for perkins loans from the government.  i think the max on those is 5 or 6 per year.  after that you gots to take private loans out

legalkitty

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Re: How much tuition does financial aid cover ?
« Reply #3 on: July 26, 2005, 07:27:43 AM »
We are pretty much assured the $18.5 right, as long as we are in good standing and everything? Because as long as I have that, I will be okay. So far, I am less than entralled by the interest rates I am being offered on my private loan (and I have good credit, it's weird), but as long as I get the $18.5 I only need a little more so it doesn't matter as much.