Breaking: US Gov’t gives out free money for Law Schools. In other news, pigs fly.
January 20, 2012
Looking for free money? Aren’t we all? As the LSAC reveals, here’s a stat you must know: there are no federal grant programs for law students. I repeat: there are no federal grant programs for law students. Millions, even billions of dollars of federal grants are available to students to subsidize a college education. For a legal education? None. Zero. Nada. Nilch. Virtually all of the “grant money” or “scholarship money”, or to be super-frank, the “money you don’t have to pay back” comes from the schools themselves. Two obvious questions you need to be prepared to ask:
– How do I get it? (Criteria, Application Process, Deadlines)
– What do I have to do to keep it?
That second one is particularly important – and one often overlooked. Many schools will offer out significant scholarship dollars above and beyond what they ever intend to pay out, due to the GPA requirements to keep the scholarships – and thanks to grading curves – the knowledge of the numbers of students likely to achieve the requisite GPAs.
Earlier this year, the New York Times wrote a scathing article on the practice. But don’t blame the schools for “dodgy” practices. As I wrote about back in June, just do your homework ahead of time so you know what school will be the best fit for you.
About getting those scholarships in the first place? Don’t miss our season debut of “The 180 – Live” next week. This month’s episode? “Law School: Debt Free”. Registration is free too, but you gotta sign up ahead of time. We hope to see you there.