Financial concerns about attending law school.
December 28, 2006 1:10 PM Subscribe
I will be starting law school next fall, and I have some financial concerns.
posted by Pontius Pilate to Work & Money (9 answers total) 4 users marked this as a favorite
I recently started a job that allows me, for the first time in my life, to put away a decent sum of money every month. I'd like to have this money available for living expenses, etc. during law school. However, I really don't want to be in a situation where I manage to save e.g. $15k, only to have to fork all of it over for my first semester's tuition.
My question is this: what do law schools consider fair game when it comes time to evaluate the student's financial need and expected contribution? In other words, I understand that if I write in my FAFSA that I have $15k in my savings account, I am expected to part with it in order to cover my tution. However, what if that money is in a Roth IRA? A non-IRA mutual fund? Money market account?
Any help would be appreciated.