Law School Student Loans
A law school education can be quite expensive.
You need to know about law school student loans as much as possible in order to take advantage of graduate federal loans and if need be, some of the other private loan sources as well.
Although as an attorney, you would eventually get to earn a very good income, your income would not be substantial until after a few years of law practice.
So until then, using all the financial help you can get is a wise move towards attaining your career goals.
Graduate Federal Loans Prerequisites - file your FAFSA first The FAFSA or Free Application for Federal Student Aid is the basic application form for determining your eligibility for federal student financial aid.
The FAFSA consists of a series of questions which help determine the Expected Family Contribution or EFC.
As most schools may award aid on a first-come, first-served basis, you must fill out the FAFSA as early as possible to get maximum financial assistance.
Stafford Loans Federal student loans should be your first option for funding your law school education.
Federal law school student loans can either be subsidized or unsubsidized Stafford Loans.
These loans are affordable and are available to almost every student.
The Stafford Loan limit for graduate students is $20,500.
The actual amount of your award may however be less than this maximum limit.
Grad PLUS Loan For additional funding consider going for a Grad PLUS Loan which is a loan specifically meant for Graduates and Professionals.
Since this is not a need-based loan, a credit check is done to see if you qualify.
However, if you have bad credit you may still qualify if you apply with a credit-worthy cosigner who may be a relative or a close friend.
If you make a series of payments on time, lenders may even release your cosigner from the loan.
You can also use your consistent payment history to build good credit for yourself.
Private Loans Use private loans only as a supplementary or auxiliary loan.
Consider private loans only to cover limited expenses and never to completely fund all your educational costs.
Spend time to explore the various options available to meet your particular needs and make use of all the financial help that you can get.
Most important of all, apply for all these law school student loans as early as possible to ensure that you get maximum financial aid.
You need to know about law school student loans as much as possible in order to take advantage of graduate federal loans and if need be, some of the other private loan sources as well.
Although as an attorney, you would eventually get to earn a very good income, your income would not be substantial until after a few years of law practice.
So until then, using all the financial help you can get is a wise move towards attaining your career goals.
Graduate Federal Loans Prerequisites - file your FAFSA first The FAFSA or Free Application for Federal Student Aid is the basic application form for determining your eligibility for federal student financial aid.
The FAFSA consists of a series of questions which help determine the Expected Family Contribution or EFC.
As most schools may award aid on a first-come, first-served basis, you must fill out the FAFSA as early as possible to get maximum financial assistance.
Stafford Loans Federal student loans should be your first option for funding your law school education.
Federal law school student loans can either be subsidized or unsubsidized Stafford Loans.
These loans are affordable and are available to almost every student.
The Stafford Loan limit for graduate students is $20,500.
The actual amount of your award may however be less than this maximum limit.
Grad PLUS Loan For additional funding consider going for a Grad PLUS Loan which is a loan specifically meant for Graduates and Professionals.
Since this is not a need-based loan, a credit check is done to see if you qualify.
However, if you have bad credit you may still qualify if you apply with a credit-worthy cosigner who may be a relative or a close friend.
If you make a series of payments on time, lenders may even release your cosigner from the loan.
You can also use your consistent payment history to build good credit for yourself.
Private Loans Use private loans only as a supplementary or auxiliary loan.
Consider private loans only to cover limited expenses and never to completely fund all your educational costs.
Spend time to explore the various options available to meet your particular needs and make use of all the financial help that you can get.
Most important of all, apply for all these law school student loans as early as possible to ensure that you get maximum financial aid.