There a variety of loan options available to law students
Bar Exam Loans
Students are able to borrow funds in the form of a private education loan to assist with costs associated with taking a Bar Exam. Bar loans are available through private lenders and eligibility is based on a student’s credit. These loans can assist students with the cost of taking the exam, bar prep courses, and living expenses between the time of graduation and taking the bar. Students may apply for bar loans during their last year of law school and up to six months after graduation. Before applying for a bar loan, students should speak with the Financial Aid office to insure there is no further eligibility in the Federal Direct Loan program.
Law Need Based Scholarships
A limited number of Need Based Scholarships may be available each year for second and third year law students. Applications are submitted by letter to the law school's Senior Associate Dean of Students. The deadline in June is announced each year by email to all continuing students. The applicant must have filed a Free Application for Federal Student Aid (FAFSA) as well as submitted an Institutional Application for Financial Aid (FAAPP) for the following academic year via their DrexelOne account (http://one.drexel.edu). International students are eligible for these awards but must check first with the law school financial aid office for alternative application instructions.
Drexel Alumni Scholarships
Drexel offers special incentives for our undergraduate alumni. Complete your JD degree at Drexel and we will support your choice with the Drexel Alumni Scholarship. The program provides you with a $1,000 grant each year of full-time study.
School of Law Merit Scholarships
We are committed to enrolling the highest caliber of students to our law school. To recruit competitive law students, we have dedicated significant financial resources to the law school's merit based scholarship program.
Among the school's merit-based scholarships are scholarships for individuals who have served in the Peace Corps or Teach for America.
The school's most prestigious merit scholarship, the Rising Advocate Scholarship, recognizes outstanding undergraduate academic achievement. The scholarship allows a student to retain his or her award regardless of a change in GPA from year to year as long as the student remains in good academic standing.
Students are considered for a merit scholarship when they submit an application for admission; there is not a separate application. A recipient will be notified of the award at the time of his or her offer of admission.
92.85% percent of our Class of 2018 received academic merit scholarships varying in amount from $2,500 to $40,000 per year.
Scholarship awards are based on the strength of a student’s academic success and aptitude. The Rising Advocate Scholarship and the Global JD Scholarships require students to maintain full-time status (at least 9 credits) and to remain in good academic standing with a minimum cumulative GPA of 2.20. Students receiving other merit scholarships are required to maintain full-time status and a 2.95 minimum cumulative GPA from the completion of their first year studies.
Private Scholarship and Grant Funding
Many scholarships and grants are offered by private sources, such as fraternal and religious organizations, labor unions, professional associations, social groups, and ethnic associations.
Because they are private and therefore not administered by Drexel, it is up to you to research and apply for them on your own. The best place to start your research is with any organization you or a family member has an affiliation with (such as your or your parent's employer, church or religious organization).
Much of your research will involve using the internet. It is important to be careful when reviewing information online. Drexel recommends that you do not use any fee-based service to look for private scholarships. Below are several scholarship search engines that are free:
Drexel offers a tuition payment plan hosted by Tuition Management Systems (TMS) for law students. You are able to split your tuition balance due into monthly installments for each term.
Peace Corps Paul D. Coverdell Fellows Program
The Paul D. Coverdell Fellows program provides scholarship funding to returned Peace Corps volunteers who complete a degree-related co-op or clinic placement in an underserved American community while they pursue their studies.