Contact the Indiana Law Financial Aid Office
Phone: (812) 855-7746
E-mail: iulawfa [at] indiana [dot] edu
Below is a sample of a typical first-year law student’s budget for the 2012-2013 academic year. Tuition and fees for the 2013-2014 Academic Year will be set by the Indiana University Board of Trustees in early summer.
|Indiana Resident||Non-Indiana Resident|
|Tuition (Flat rate)||$28,663||$46,737|
|Books and Supplies||$1,800||$1,800|
|Total Direct Costs||$31,746||$49,820|
While Indiana Law requires that new students have a laptop computer, that requirement does not mean that you must purchase a new machine as you prepare to begin class. If you do purchase a new computer for law school, that expense (up to $2,000) can be added to your budget by completing the Special Conditions Form and submitting it, along with documentation of the cost to the iulawfa [at] indiana [dot] edu (Director of Financial Aid).
Your budget also includes a living allowance for the 9 months of the academic year, but you determine the amount that is needed.
Many students find that they can live comfortably on about $1,200 or less per month. That would mean that you would want to increase the direct costs by about $10,800 ($1,200 X 9 months) when determining your total costs for the first year of law school.
In considering your monthly expenses, you will want to review your prior educational experiences. In addition to your rent and food, analyze carefully what you spend on entertainment, clothes, dining out, and so on. Do not forget to include car payments, car and health insurance, anticipated car repairs, trips home, and any existing credit card debt.
In order to accommodate those students who have unusually high living expenses resulting from supporting a family or other unusual circumstances, we allow a maximum of up to $2,368 per month. That would mean that you could increase the direct costs by up to $21,312 ($2,368 X 9 months) when determining your total costs for the first year of law school.
Reminder: We will use a budget that includes the maximum living allowance of $21,312 (minus other resources) when determining your eligibility for Federal Financial Aid Programs, but your actual budget may be substantially less. It is imperative that you plan on being able to live on approximately $2,368 or less per month, while enrolled.
If you need help financing your law school education, there are three approaches to consider: scholarships, federal loans, and private loans.
Indiana Law offers assistance through scholarship and fellowship programs. We do not require a separate application for scholarships and/or fellowships. Because the majority of our scholarship money is merit-based, we use your application for admission, LSDAS report, personal statement, and letters of recommendation to determine the level of scholarship, if any. Scholarship decisions are usually communicated with the acceptance letter. Indiana Law scholarships are not conditioned upon maintaining a minimum grade point average or standing within the class.
For more detailed information about Indiana Law’s scholarships and fellowships, please contact the Office of Admissions at lawadmis [at] indiana [dot] edu or call (812) 855-4765.
You may also wish to search for scholarships at
Learn about Indiana Law’s Loan Repayment Assistance Program (LRAP).
To qualify for federal student aid, you must meet all of the following criteria:
If your ability to attend law school is contingent upon borrowing more than the $20,500 per year through the Federal Direct Unsubsidized Loan Program, it is critical that you have the good credit required to receive funds through the Federal Direct Graduate PLUS Loan or another private loan program.
Generally, if you file your FAFSA by March 10th, you will be sent an electronic notification outlining your financial aid, including loans from the IU Office of Student Financial Assistance by early June. If you decide to borrow federal student loans, you will also receive subsequent instructions on how to complete and sign a Master Promissory Note.
All student financial assistance, including scholarships and fellowships, is credited to your student account through the IU Office of the Bursar. All charges incurred through the university are covered first, and then a refund for any remaining funds is released to you by the start of each semester or session. To expedite this process, you may wish to consider the Direct Deposit Bursar Refunds, a free service that deposits your financial aid refund directly into the bank account of your choice.
This tax credit is equal to 20 percent of a family’s tuition expenses, up to $10,000 for virtually any post-secondary education and training including graduate and professional schools. The credit is up to $2,000 thereafter. For more information, please call (800) 829-3676 or visit the Internal Revenue Service Web site.