Need based aid in T14 schools?

Graduate School Law School
1

<p>Hi all,</p>

<p>Sorry for the ignorance but if could anyone give me an idea about what need-based aid resources exist at T14 schools? I know that it's a different boat than undergrad education, but I saw that most schools have a policy regarding this one way or another but I wasn't sure how much tends to be available, what the thresholds are, to what extent student vs parent resources are weighed, etc. If anyone could point me in the right direction I'd appreciate it.</p>

2

<p>Is there someone at HLS you could float that question to? Perhaps then post the answer in here.</p>

3

<p>HYS can offer substantial need-based scholarships. I think the grant portion could be as high as 40k+/year.</p>

4

<p>there is enough need-based aid to cover the cost of attendance, but it’s almost entirely loans.</p>

5

<p>I am not sure about 40K+ grants at HLS. They start with 40K loans per year one has to take out. The rest(30K plus change per year) is calculated considering student’s potential summer income and savings and parents’ income. S got around 21K of grant money per year, some people got a little more( 23K or so).
PS We are definitely not a very high income family. :)</p>

6

<p>@parabella: good job. You’re the salt of the earth.</p>

7

<p>Do a thread search. There have been several threads on this topic.</p>

8

<p>Grants at top law schools are limited unless you win one of the handful of named scholarships available at various schools. Generally, though, you can obtain a combination of federal and private loans that will cover the entire cost of your education. It is important to maintain good credit (or to establish credit) in order to obtain any needed private loans. It doesn’t hurt to have a parent or other credit-worthy co-signer either (though they will remain on the hook for paying your loans should you fail to do so).</p>

<p>Your parental income (and spousal income, if applicable) will be included in calculating your need until you are between 26 and 30 years old, depending on the school, even when your parents are not contributing to your legal education.</p>