Cover art for podcast The Law School Toolbox Podcast: Tools for Law Students from 1L to the Bar Exam, and Beyond

The Law School Toolbox Podcast: Tools for Law Students from 1L to the Bar Exam, and Beyond

315 EpisodesProduced by Alison Monahan and Lee Burgess - Law School Toolbox, LLCWebsite

The Law School Toolbox podcast is an engaging show for law students about law school, the bar exam, legal careers, and life. Each week, we offer practical tips and advice on academic matters, careers, and more. The Law School Toolbox podcast is hosted by opinionated law school and bar exam experts A… read more

36:17

092: Top 1L Questions: The Money Edition

Welcome back! Today, we’re answering the top questions we get from incoming 1Ls and we're talking about the bottom line: money. For many people, talking about money is taboo, uncouth, or just uncomfortable, but if you’re planning to go to law school, it better be a key factor in your decision-making process. You got into law school, but how are you going to pay for it? The financial decisions you make now can have rippling effects long after graduation.

In this episode, we discuss:

  • When you should take scholarship money over a more prestigious, but more expensive, school
  • When and how to negotiate your scholarship offers
  • The reality of student loans: how much should you take out, disbursement, repayment, and the impact of interest
  • Alternative sources of loans and scholarships, and getting support from your “village”
  • How to budget as a law student
  • Thrifty life hacks and side hustles to save money and get paid in law school
  • What’s reasonable and necessary with respect to bar expenses and bar loans

Resources:

Episode Transcript: Download the Transcript (http://lawschooltoolbox.com/wp-content/uploads/2017/04/Episode_92_-_Top_Incoming_1L_Questions_Money-1.pdf)

If you enjoy the podcast, we'd love a nice review and/or rating on iTunes (or your listening platform of choice). And feel free to reach out to us directly. You can always reach us via the contact form on the Law School Toolbox website (http://lawschooltoolbox.com/contact). If you're concerned about the bar exam, check out our sister site, the Bar Exam Toolbox (http://barexamtoolbox.com/).

Thanks for listening!

Alison & Lee

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