Compare the Sallie Mae® Law School Loan to the Federal Direct Grad PLUS Loan. It can be a good alternative and, if you’re highly qualified, you may receive a lower interest rate.footnote 2
How much does law school cost?
With average tuition prices increasing by $1,398 per year, it may be overwhelming to think about how you’ll be able to cover the rising cost of law school.footnote 1
When figuring out how you’ll pay for law school fees, make sure you have all the associated costs lined up so you’re not surprised by unexpected fees or stuck in a difficult financial situation.
Although prices can vary depending on the institution type and location of the school, the average total cost of law school is $220,335, with an average yearly cost of $48,828.footnote 1
Keep in mind, beyond the tuition price of school programs there are other costs to consider such as: application fees, books, living expenses, and bar exams.footnote 1
When it comes to covering law school costs there are a lot of tools to help you access paying for higher education without getting you into more debt than you can handle.
Make a plan to pay for law school
You can use a 1-2-3 approach to help figure out how to finance your law degree.
2. Apply for federal student aid. Fill out the Free Application for Federal Student Aid (FAFSA®) to see if you qualify for government loans and grants as well as state and school aid, if they are available.
3. Consider a responsible private student loan for law school. If you qualify, a private law school loan can help you pay any remaining tuition, fees, or living expenses.