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How do you finance law school? How do you take out student loans? Is there a maximum?!?

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Question:
How do you finance law school? How do you take out student loans? Is there a maximum?!?

I want to study international business and trade law - I have two undergrad degrees (Int'l studies and Spanish lit)... I REALLY want to go back and get this degree... I've taken an 2 year break to experience the working world. My undergrad was taken for entirely by scholarships provided by the state of Louisiana... How do student loans work? What are the best to get? Is it possible to take out the $150,000 that this is going to cost!? That seems crazy... Any advice is greatly appreciated!


Answer:
You finance it entirely with student loans. You apply for those loans through the financial aid office of the school you will attend. You can get up to $8,500 a year in subsidized loans, and $10,000 in unsubsidized loans. If you need more than that, then you can apply for student loans from private institutions, but the interest rates are much higher. You are expected to finance your entire education ON YOUR OWN. Most law schools give very little aid to first year law students (1Ls). It is much easier to get scholarships and fellowships during your 2nd and 3rd years. You will NOT be allowed to work during your first year of law school. This is a requirement of all accredited law schools in the USA. If you must work, you must apply for special dispensation from the school. Don't count on it. Few are allowed to work during their first year, and quite frankly it's a VERY stupid thing to attempt to do. I suggest that fill out a FAFSA immediately. You will have to fill this out to even get a student loan. You can do that online at: http://www.fafsa.gov



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