Outside of questions about Common Flaws, application timelines, and how the LSAT Flex differs from the paper-and-pencil exam of early 2019, the most common question we get asked in our webinars and emailed to our performance counselors is “how do most students pay for law school? It’s so incredibly expensive!”
Our answer, guided by our expertise as LSAT prep providers, is to do the very best they possibly can on the exam because a great score can unlock scholarships and grant money that might not be on the table otherwise. We’ve also advised students to seek out merit and community-based scholarships that may be available depending on their unique student profiles.
But the reality is that most students do not pay for law school with scholarships and grants and even those that do receive some aid are rarely given 100% tuition coverage. Unless you’re fortunate enough to have the means to foot the enormous bill for your three years of study, the answer is likely to be “by borrowing it.”
So back to the undeniable fact: law school is incredibly expensive. I’m talking like $250K+ expensive for some programs. Not to mention that the interest on the student loans used to finance those three years can be incredibly onerous. Many times our team has heard former students lament that without the big salary of a Big Law job, it can take decades to get ahead of the payments and live a decent life under the burden of those payments.
As the recipient of multiple student loans at both the college and graduate school level, I personally know how burdensome these loans can be. This is why we’ve partnered up with Juno.
Juno uses the power of group buying to negotiate lower interest rates on new student loans and the refinancing of existing student loans. It’s free and there’s no commitment. They offer negotiation for both college and grad school, so if you’re still dragging the promissory note of your undergrad loan(s), Juno will have a group negotiating on your behalf. Saving even 1% on an existing loan could translate to tens of thousands of dollars over the life of the loan.
If you’re interested or know someone suffering under the crushing interest of a massive student loan, check out the link below: