Ep 92: How To Calculate Your Law School Loans
In this video, Sydney dives into the topic of law school financial aid, specifically on loans. We discuss the importance of having a plan when it comes to handling law school loans and how to approximate your loan payments. For this video we use AccessLex Student Loan Calculator (but you can also look into SmartAsset Student Loan Calculator), and show you how to use it to calculate your finances at home. We hope this video can help you in your decision-making process for programs and schools you plan to attend, and estimating your current student loan situation and living expenses. We also touch on factors like income, savings, and potential scholarships or grants.
Episode Highlights
We walk through the steps of using the Access Lex Student Loan Calculator
Steps include selecting the law school program, providing information about current student loans, determining the cost of attendance, estimating living expenses, considering personal contributions and financial assistance, and projecting future income and family size.
The calculator provides an outlook on the amount to borrow for law school and offers additional calculators and resources.
Law school loans can be managed with proper planning and understanding of repayment options.
Utilize resources like these to see the reality of costs for you to attend law school. It's really important that we make decisions based on facts, based on numbers, based on calculations.
Tweetable Quotes
“You can make these calculations for yourself...I want you to feel empowered to make the right decisions because the law school community, your legal career, your pedigree, even if you stop practicing law, it’s for the rest of your life and you deserve it.”