Introduction
Full-time private law schools charge an average of $51,000 for tuition and fees. Add in the cost of room and board, transportation, and school supplies, and you’re faced with an annual cost of attendance of over $70,000. For most law students, this daunting price tag leaves loans as the only way to finance their legal education. Every dollar you borrow accrues interest that you’ll have to pay back one day. Proper budgeting significantly reduces the amount you’ll need to borrow and, therefore, the amount of interest you’ll need to pay.
Creating a budget and sticking to it can significantly reduce