This document provides information about paying for law school at UC Hastings College of the Law. It discusses applying for financial aid through FAFSA and UC Hastings supplements. Most students finance their education through a combination of savings, loans, grants, scholarships, work, and loans. Typical financial aid packages for full need and no need students are estimated. The document concludes with tips for achieving your dreams through good financial habits like living below your means, borrowing as little as possible, and establishing a budget.

1. Paying for Law School
A Financial Aid
Presentation,
UC Hastings College
of the Law
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2. Legal education requires
a significant financial
commitment, but the
rewards of this
challenging career
make this commitment
worthwhile.
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3. Applying for Financial Aid
• Free Application for Federal Student Aid
(FAFSA) www.fafsa.ed.gov
• UC Hastings Financial Aid Supplement
– http://www.uchastings.edu/financial-aid/forms/11-12-
forms.html
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4. Most students finance their graduate education by
accessing a combination of resources.
• savings
• loans
• grants &
scholarships
• loans
• work
• loans
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5. Savings - Personal Resources
Very Best Financing Option
Provide as much as possible from your
own resources.
Search for Outside Scholarships
http://www.uchastings.edu/financial-aid/scholarships/
http://fastweb.com
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6. Grants & Scholarships
• Hastings Need-Based Grants
$1,000 - $13,500 year
Average = $11,200
• Entering 1L – Merit/Need-Based Scholarships
Range $1,000 - $10,000
Grant & Scholarship Can Be Combined
• Continuing Student Scholarships
http://www.uchastings.edu/financial-aid/scholarships/index.html
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7. Merit Scholarships
• Entering 2L - Academic Excellence
– 1st Year Section Scholars
(@ $6,000)
– 3 @ $3,000 to top 1L & 2L
students at end of each AY. *
– 2 @ $3,000 to top 1L & 2L LEOP students
at end of each AY.*
*Subject to available funding
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8. WORK
1L - Not permitted to
work
2L - 3L
- Federal Work-Study
(on & off campus)
- Hastings Student
Employment
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9. LOANS
Federal Loans
• Subsidized Stafford
(need-based)
$8,500 year
• Unsubsidized Stafford
$12,000 year
• Graduate PLUS
– To cost of attendance
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10. Credit-Based Loans
Private & Fed Graduate PLUS
• require good credit (or the absence of
poor credit)
• may borrow up to cost of attendance
• interest accrues during enrollment
• capitalization occurs at repayment
Bar Study Loan
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11. Estimated 2011-12
Cost of Attendance
and
Typical Financial Aid Packages
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12. Cost of Attendance
Please visit this web page for current fee
schedule
http://www.uchastings.edu/financial-
aid/cost/11-12-estimates.html
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13. Typical Full Need Aid Package
Please visit this web page for an estimate
of aid given to the student with high
financial need.
• http://www.uchastings.edu/financial-
aid/package/2011-12-all-students.html
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14. Typical Package for Student who has
No Financial Need
• Unsub. Stafford • $20,500
• Graduate PLUS • $40,083
• Total CA Resident • $60,583
• Add. Graduate PLUS loan • $ 8,500
• Total Non- Res. • $69,083
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15. PICAP
Traditional Public Interest Career Assistance
Program
– Salary < $70,000
– Government Agency, private non-profit public
interest employment
– Reimbursement of 70% to 100% loan payments
(Stafford, Perkins, Hastings Loans)
http://www.uchastings.edu/financial-aid/picap.html

16. PICAP
IBR/PSLF Public Interest Career Assistance
• Federal Direct Loan Consolidation
• Income Based Repayment plan
– Government Agency, private non-profit public interest
employment
– Reimbursement of 90% to 100% loan payments
(Federal Loans and Hastings Loans)
http://www.uchastings.edu/financial-aid/picap.html

17. 10 Good Habits for Achieving
Your Dreams
1. Don’t live a lifestyle you can’t afford.
Live below your means while in school.
2. Borrow as little as possible.
3. Determine a monthly budget and stick to it.
4. Save a little each month, even if only $5, and
plan for your financial future.
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18. 10 Good Habits for Achieving
to Achieving Your Dreams
5. Keep accurate, well-organized records of your
financial activities.
6. Establish and maintain a strong credit history.
7. Be a well informed borrower. Although Federal
loans may be the most cost effective loans
available, most accrue interest during periods of
enrollment which can result in a much larger loan
at repayment.
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19. 10 Good Habits to Achieving
Your Dreams
8. Limit your use of credit cards - save them for
emergencies. Be a wise consumer. Do the
math. Points are not free.
9. Get out of debt before you attend law school.
10. Be realistic about how much money you will
earn once you graduate -- don’t count on
immediate financial windfalls.
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20. Legal education requires
a significant financial
commitment, but the
rewards of this
challenging career
make this commitment
worthwhile.
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