TYPES OF FINANCIAL AID
The law school offers
numerous scholarships to our admitted students. These scholarships
represent a three-year commitment by the School of Law, with awards
guaranteed for second- and third-year students as long as recipients
remain in good academic standing. Each student is eligible to receive
only one scholarship from the law school.
Unless otherwise noted, in order to receive priority for the awards
listed here, you must apply for admission to the law school no later
than February 1, 2008, and submit your completed Free Application for
Federal Student Aid (FAFSA) on time. Please note that the Public
Interest Law Scholarship requires a separate application.
In addition to the information provided
below, please visit the Links page for information on outside
scholarships and writing competitions.
SCHOLARSHIPS
- Dean's Scholarships
To recognize those students with outstanding academic achievement, the
School of Law offers $8,500 Dean's Scholarships. These merit awards are
granted to on-time, admitted applicants with an LSAT score of 161 or
higher and a GPA of 3.45 or higher. We also offer Dean's Scholarships
to applicants who do not meet the numeric criteria above but whom we
believe will make a significant contribution to the law school
community. These decisions are made through a committee process and
take into consideration factors such as leadership skills, years of
work experience and overcoming adversity.
- Public Interest Law Scholarships
As one of the nation's leading public interest law schools, we are
committed to developing a community of intelligent, thoughtful and
inspired lawyers. To this end, the law school and its graduates
developed the Public Interest Law Scholars (PILS) program in 1999. Our
most generous award program, this 75 percent tuition scholarship is
granted to several admitted applicants each year. Prospective students
interested in this scholarship must complete the PILS
application by January 2, 2008, and apply
early to the law school.
- Social Justice Scholarships
Those applicants who have demonstrated a deep commitment to social
justice and a solid academic background are eligible for Social Justice
Scholarships, which include both a $5,000 to $8,500 award and one
$3,000 co-op stipend to be used for a public interest co-op. Weight is
given to years of work experience in fields that promote social justice
and/or significant volunteer work in those areas. There are no strict
numeric criteria for this scholarship; funds are awarded based on the
quality and experience of the applicant pool.
- Peace Corps and Teach For America Scholarships
The goals of the Peace Corps and Teach For America are a natural
match with the mission of the School of Law. Many alumni/ae from these
organizations wish to pursue a law degree to advance social justice and
make a difference in society. In order to support their continued
efforts, the law school has developed two targeted scholarship programs
to help offset the cost of pursuing a legal education. The Peace Corps
and Teach For America scholarships range from $5,000 to $8,500 and are
guaranteed to all applicants who have served their full commitment to
either program and have been admitted to the law school. (The law
school also waives the application fee for those applicants involved with these programs.)
- Designated Law Scholarships (need-based scholarships)
Designated Law Scholarships (DLS) are awarded to first-year students
based on need. Recipients of this institutionally funded program are
not required to repay this award. The Office of Financial Aid
determines all DLS award decisions. To be eligible, you must be an
admitted student and file your FAFSA by the February 15 deadline.
- Endowed Scholarships (upper-level students only)
A variety of modest need-based scholarships are awarded annually to
upper-level students; some of these scholarships have very specific
eligibility criteria. The application process for these named
scholarships is separate and distinct from the application for
financial aid. More information on the Endowed Scholarship application process is available.
Additional Second- and Third-Year Financial Assistance
- Co-op Stipends
In recent years, the School of Law has annually awarded $500,000 to
approximately 220 students completing public interest co-ops. Support
comes from the school's Fund for the Public Interest and other stipend
programs. Stipends have allowed co-op students to represent immigrants
seeking political asylum, tenants fighting to prevent eviction, women
seeking shelter from domestic violence, children trying to obtain
educational services, mothers seeking child support payments, inmates
challenging overcrowded prison conditions and more.
- Student Employment
While the American Bar Association recommends that first-year law
students not work due to the intensity of beginning and focusing on
legal studies, there are ample opportunities for upper-level students
to work. The law school funds approximately $500,000 in work
opportunities for our students. Funding may come in through financial
aid in the form of federal Work-Study, allowing students to work in a
variety of law school offices, with faculty, or in other areas on the
main university campus. In addition, each year upper-level students are
offered the opportunity to apply for paid positions as lawyering
fellows for the first-year class or with faculty on research projects.
- CISP
The Cooperative Income Sharing
Program (CISP) is a student-run and
student-managed organization dedicated
to increasing awareness of, and student
participation in, public service. Such
work can take the form of public interest
co-ops, public service careers or pro bono activities at private law firms. CISP
provides approximately $24,000 annually
to students accepting unfunded co-ops
with public interest employers.
- Loan Deferral and Forgiveness (post-graduate assistance)
A component of the law school's Fund for
the Public Interest, the Loan Deferral and Forgiveness Program
(LD/F) provides loan relief assistance to graduates pursuing careers
with public interest law organizations. The program has provided more
than $2.4 million to 348 graduates since its inception in 1990, with a
portion of an eligible graduate's debt initially deferred and
ultimately forgiven if the recipient continues working in a public
interest field for three to five years. While the majority of LD/F
recipients perform public interest work in Massachusetts, the program
has supported graduates working in 24 states and the District of
Columbia; over half the funding has supported graduates working with
indigent clients.
LOANS
- Federal Stafford Loan:
Under this program, a law student may borrow as much as $20,500 per
academic year to a maximum indebtedness of $138,500 over the student's
entire educational career. There are two types of Federal Stafford
Loans: Subsidized and Unsubsidized.
Subsidized: The Federal Subsidized Stafford Loan is a
need-based loan program. As of July 1, 2006, the interest rate was fixed
at 6.8%. In order to be eligible for this type of loan applicants must
file the requisite financial aid applications
and demonstrate financial need. If the applicant qualifies for this
loan, the federal government will pay the interest while the student is
attending school (at least half-time) and for six months after
graduation or withdrawal. The maximum annual amount under this program
is $8,500. The repayment period is for 10 years.
Unsubsidized: The Federal Unsubsidized Stafford Loan is a
non need-based loan program. The interest rate on this loan is variable
and not to exceed 8.25%. As of July 1, 2006, the interest rate was
fixed at 6.8%. In order to apply for this loan you must file the
requisite financial aid applications.
Interest on this loan will be charged from the time that the loan is
disbursed until the loan is repaid in full. Interest payments may be
made while the student is in school or may be capitalized onto the
principal balance. The maximum annual amount under this program is
$20,500 LESS any amount that the student is eligible under the
Subsidized portion of the program. The repayment period is for 10
years.
A student's Stafford Loan eligibility will appear on the
Offer of Financial Aid. Our office will automatically certify the
maximum eligibility unless we are told otherwise. Two additional steps
must be completed to obtain the Stafford Loans.
Entrance Interview: As a first-time borrower under the
Federal Stafford Loan program (while at Northeastern), all students
must complete an "Entrance Interview". This can be accomplished on-line
directly through the MYNEU.
Stafford Loan Master Promissory Note (MPN): All
first-time borrowers of the loan (while in attendance at NU) must
complete the MPN. Students can sign their MPN online through the direct lending website.
- Federal Perkins Loan is a
low-interest (5 percent) loan for students with exceptional financial
need. Northeastern serves as the lender, and the loan is made with
government funds. The loan is repaid to Northeastern. No interest or
fees are charged, and no repayment is required while a student is
enrolled at least half-time (six credits per term) or during the
nine-month grace period following graduation or withdrawal from school.
Students wishing to be considered for the Federal Perkins Loan must
complete the financial aid application by the priority filing dates.
Due to limited funding, not all students who qualify for the program
will be awarded funds. Perkins loan Master Promissory Notes will be mailed out to students over the summer.
SUPPLEMENTAL LOANS
- Federal Graduate PLUS Loan:
Beginning July 1, 2006, PLUS loans were made available for law
students. To be eligible for this loan you must file a FAFSA and be
eligible for federal aid. Students can borrow the PLUS loan to
supplement the Federal Subsidized and Unsubsidized loans that are
currently available.
The
Federal Graduate PLUS Loan has a fixed interest rate of 7.9% with a 2.5% fee. A basic credit check is
performed. Repayment can be 10-25 years based on the amount borrowed.
Students have the ability to consolidate PLUS loans with other Federal
Loans. In-school deferment is available through graduation. Students will need to download the PLUS loan credit authorization form
and fax it to the Student Financial Services Office (617-373-8735),
then the student will need to sign the PLUS loan Master Promissory Note
(MPN). - Students
who will be pursuing Public Interest Careers should strongly consider
using the Federal PLUS loan as their supplemental loan, as it is
eligible for the federal loan forgiveness benefits if certain criteria are met after graduation.
- Supplemental
Loans: If a student wishes to take out a supplemental loan other
than the PLUS loan, you should contact the financial aid office after
you have applied for the loan, so they can certify the loan.
For all supplemental loans applicants may borrow up to the cost of education less any other financial aid received.
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