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Law School Loans - How to Minimize Law School Loans: Part II





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In How to Minimize Law School Loans: Part I. we talked about some strategies that could help you borrow less money for law school. What follows are six more tips, largely related to your personal behavior, that can also help you minimize law school loans.

Overall, you want to be sure you're "living like a law student, not like a lawyer." You've probably heard this before somewhere, and you know it's such a popular piece of advice? Because it's true.

Your books are going to be one of your largest expenses, but you can help ease the burden by using some money-saving techniques like buying used books, buying books early to get the best prices, and even borrowing them from the library. Be sure to check out the link above to read about even more ways to save money on law books. More

If you've been in the working world, you already know how much money you can save by brewing coffee at home and brownbagging it; if you haven't yet had the pleasure to realize this, trust me: you will save a lot of money just by not frequenting the closest or easiest food and drink places.

Many law students hold part-time jobs, especially after first year; as someone who worked throughout law school and also served as an editor on Law Review, I can assure you, it's entirely doable.

Of course you should always try to put a little money aside, but that's not easy when you need to pay your rent, etc. So try to put all your loose change in one place at least -- it adds up!

If you are eligible to borrow more money than you actually need, it may be tempting to borrow enough so you'll live very comfortably and even have extra cash, but resist the temptation. Figure out what you'll need to pay rent, eat, and otherwise cover your basics, and only borrow that amount, maybe a small cushion for emergencies. Overborrowing now can create headaches for you later.

Look at all the factors of choosing a law school. including cost, and honestly assess whether it is worth it to borrow the money to attend.



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