Budget Planning...Managing Your
Expenses During Law School
Borrow with a vision for your future. Most
students fail to understand the nature of
the financial obligations they are undertaking
and what it will mean to them in the future.
Take a proactive approach and exercise
prudent borrowing strategies, especially
if you are relying on loans as a primary
source of financial assistance.
You will have more disposable income in
the future and will be better able to enjoy
the freedom to achieve your professional
goals.
The benefits of a legal education are
more than just financial, and you will reap
those benefits for your remaining working
years. When you reduce your cost of education
through financial self-discipline, planning
and applying for all available aid, your
investment becomes all the more valuable.
Keep these factors in mind and weigh the
benefits, both tangible and intangible,
against the cost you will incur.
This way, when you begin your legal education,
you can be confident that you have made
the best investment decision for your future.
Lifestyle....Ways to Reduce Expenses
While In Law School
Pay off prior consumer debt
Share housing
Limit eating out
Buy used books
Take advantage of the computer lab.
Purchase school sponsored medical insurance
Seek summer employment and other sources
of funding
Utilize the free university shuttle
service and reduce transportation costs
Use university athletic facility instead
of costly private facilities
By making adjustments to your lifestyle
now, you reduce the impact student loan
payments will have on your lifestyle after
you graduate.
This should be part of your financial plan
for law school.
