Tips for Saving Money For Law School and Paying Off the Debt

For the top law schools, the price can be more than $43,000 a year. If you want to go to a less prestigious law school, it’s not much better. According to the American Bar Association, the average private law school cost $34,300, and for public schools, the cost can be more than $16,800. For you, going to law school isn't optional. You want to be a lawyer to help people, and it’s your dream to get there. Since law school can be expensive though, some people are turned away from getting their degrees. The good news is that there are some easy ways that you can save money for law school. That way, you won’t have to graduate with intense debt, and you can still happily focus on the schoolwork.

1. Start with Fixing Your Habits

One of the things that drains a college student’s money faster than anything else is their habits. College students have a well-deserved reputation of not being the best when it comes to being frugal. Parties are a daily habit and drinking is a staple to keeping yourself sane. The problem is that both of those habits drain your meager income quickly and efficiently. If you want to get through law school without too much debt, change where you put your money in the first place. Try to limit yourself on what you spend to get into clubs or parties and how much you’re spending on drinks. Even make a plan to be sober while you’re in school. Cut the alcohol out completely from your habits, and you’ll find that you suddenly have a lot more money in your pockets. Think about walking or riding the bike instead of driving and go ahead and go ahead and sell your used Toyota Camry. Pick entertainment that doesn’t drain your wallet and when you go to hang out with friends, do something free rather than something that costs.

2. Live with Roommates

For some people, having a roommate isn’t the ideal situation. Maybe you recently watched the movie “The Roommate,” and it completely turned you off of the idea. Or maybe you’re just not a social person, to begin with. Living with roommates, especially if you have more than one, can help you save hundreds of dollars every month. Living on your own in your personal apartment is expensive. Depending on where you live, this can cost you anywhere from $750 a month or $2,000 a month. If you live with multiple roommates, your bill will be between $300 and $500 instead. You’ll be saving significant amounts of money just by sharing a room. The best way to find good roommates is to room with friends that you already have. Sometimes, you get lucky, and you get paired with people who you get along with really well, but a better way to do it is just to live your friends and split the rent.

3. Find Ways of Getting Free Food

Food is expensive, as you probably know. The average college student (who isn’t living off of ramen and crackers) will spend $30 to $50 a week on their grocery bill. There’s no way to avoid the fact that you will need food, but you can change how much you’re spending. That’s not saying that you should start shopping at Walmart and buying the Great Value products. Just because you’re a college students doesn’t mean that you have to sacrifice the health of your body to save money. Instead, find ways to still eat healthily but to eat cheap. Stay on top of local events that are giving out free food and take advantage of it. On top of that, look for ways to cut the most expensive items from your menu. Try becoming a Flexitarian to save money since meat and dairy are some of the most expensive items. Eat a diet of mainly fruits and vegetables and stay away from processed foods.

You don’t have to sacrifice a lot to save money to pay for Law school. Just modify the way that you already live, and you’ll find that it’s a lot easier to save money.

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