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Reply to "Confused about law school merit scholarships"
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[quote=Anonymous]DS is applying to law schools. We paid for his undergrad but he has always understood that he'll have to pay for grad school. Same deal for our other son. We're retiring the year after he enters (husband age 73 and me age 61). We look house rich because we'll almost have paid off our $1.9M home. But total retirement savings will only be around $1.8M. We don't want to sell our house or take $300K from our retirement to put him through law school. But he also is unlikely to qualify for financial aid, right? Don't they count the parents' assets? (That seems so wrong to me, given that law school students are adults and not dependents.) So, when I look at lsd.law where there's self-reporting from law school applicants, I see a lot of "scholarship" money offered. Is that financial aid? With the right GPA, LSAT, recs, and internships, can a young man like my son receive a merit scholarship if his parents have a house and $1.8M in savings? [/quote]
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