Loyola University Maryland

Pre-Law Program

Financing Timeline

This broad outline will keep you on track in attaining the funds you need to pay for law school. This timeline begins in the summer a year prior to law school matriculation.

June–August

  • Obtain your credit report.
  • Address any errors or omissions in your report with the credit bureau(s).
  • Compile a list of all your current debts and estimate your monthly payments.
  • Begin your search for grants and scholarships.

September–December

  • Obtain current financial aid budgets for each school to which you will apply.
  • Research grant and scholarship opportunities.
  • Check law school deadlines for submission of financial aid information.
  • Determine whether additional scholarship applications or letters of recommendation will be necessary for any of your chosen law schools.

January

  • Prepare your federal income taxes as soon as you have complete documentation (W-2s, 1099s, etc.).
  • Complete the Free Application for Federal Student Aid (FAFSA).
  • Complete your law school financial aid applications.

February–April

  • Comply quickly with any requests from law schools for additional financial aid information, such as 1040s, W-2s, or institutional information sheets.
  • Receive financial aid offers. If you have special concerns or situations, discuss these with the law school financial aid office.
  • Examine the net costs and benefits of attending schools where you have been admitted.
  • Discuss actual housing costs with law students at individual schools.
  • Pay your first law school deposit.

March–July

  • Once you have selected your law school, submit your loan application(s) and finalize your housing arrangements.
  • Pay your second law school deposit.