Podcast Episode 38: Can You Really Afford Law School?

March 23, 2016 By Law School Toolbox Team Leave a Comment

Welcome back! Today’s episode is about a very important topic: financial considerations before, during, and after law school. If you’re thinking about taking out law school loans, or you already have, this one is for you!

In this episode we discuss:

Why is law school debt such a huge issue for so many people?
What is the average law student debt?
The causes of this staggering debt load
Pros and cons of the alternative approaches to pay off your loans
Downsides of IBR and LRAP that might not be obvious
How to make sure you understand what you are in for and what the payoff will be for loans before you accept them
Whether schools are lying about your job prospects
Types of student loans and how they work
Scholarship options, and why you need to be clear about how likely you are to keep a scholarship after the first year (hint – it might be a lot harder than you expect!)
Alison shares her experience negotiating financial aid with her school
Tips to save money as a law student
Potential side hustles for law students

Thanks for listening!

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Thanks for listening!