About Law Tuition
Law school is expensive, and unless you have exceptional financial circumstances, most students will need student loans to finance their degree. Fortunately, there are many resources available to help you pay for law school.
For example, many schools offer merit-based scholarships that reduce the “sticker price” of tuition. These awards are typically based on a student’s undergraduate grade point average (UGPA) and LSAT/GRE scores. Most schools will report these scholarships on their ABA Standard 509 Information Reports, which are usually accessible on each law school’s website.
Additionally, some employers will reimburse some or all of a student’s law school costs as part of an employee benefits package. These programs vary by employer, so it’s important to research each potential employer’s policy. Additionally, some national service and civic organizations will provide education awards for their participants, including the AmeriCorps program.
The key is to make cost-effective choices during law school and after graduation to minimize the amount of money you’ll need to repay your loans. One way to do this is to calculate your expected salary-to-debt ratio, which reveals the percentage of your monthly earnings you’ll need to devote to student loan payments. Our Financial Aid counselors will work with you as you approach graduation and begin your career to identify the loan repayment options that best serve you.
Other ways to decrease your law school costs include avoiding unnecessary expenses, such as housing and dining out. Also, rid yourself of consumer debt before entering law school and develop a spending plan using Mizzou Law’s Thrifty Budget. Law Tuition