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Financing Law School |
Acquiring a legal education requires a substantial financial investment. OCU LAW is committed to assisting students in navigating the financial aid process in acquiring scholarships, low-interest educational loans, and part-time and summer employment.
Tuition for the 2005-2006 academic school year is $825.00 per credit hour. The annual cost for a full-time student for the 2005-2006 academic year is $24,750.
Financial Aid Fast Facts for OCU Law Students
Free Application for Federal Student Aid
Financial Aid Law Student Data Form
Access Group: Student Aid and Financial Resources
Fastweb: Scholarship Search and Expert Tips and Financial Aid
LSAC: A Financial Aid Introduction
FINAID: The Smart Student’s Guide to Financial Aid
FICO SCORE: Order your credit report before you begin applying for loans.
How to Pay for Your Law Degree, 2004-2006 by Gail A. Schlachter and R. David Weber. Documents nearly 550 fellowships, internships, loans and forgivable loans, writing and other competitions, grants, and Bar Exam stipends available specifically to law students to support their study, training, research, and creative activities. All areas of law are covered, from administrative law to trusts and estates, and nearly 50 specialties in between.
Law School is a significant financial investment. It is important that you take the necessary steps to minimize your debt and maintain a strong credit history. Most law students assume considerable loans and it is important to be an informed borrower. No loans are identical and it is important to understand the differences. Educate yourself about the financial aid and loan processes, research scholarship opportunities, and commit yourself to making choices about housing, food, entertainment, and transportation that will reduce your total costs of attendance and reduce your total loan package.
OCU LAW strongly encourages you to create a comprehensive budget as you prepare for your law school experience. We advise that you eliminate consumer debt, including car payments before you enroll. We encourage students to accept only as much loan funding as absolutely necessary. Be prepared to live like a student and eliminate non-essentials until you pass the bar!
Along with the American Bar Association, OCU LAW recommends that a full-time student not have any outside employment during the first year. Part-time (evening) students and upper-division students are required to base the amount of hours of outside employment on the number of credits being taken. For example, students working 15 hours, should take 13-16 credit hours; 20 hours, should take 11-12 credit hours; and 40 hours, should take 8-10 credit hours.
