A law school grant is a sum of money that is paid by some organization to a student to help pay for their law school related expenses. Grants are different that scholarships in a few different ways. The main difference between a grant and a scholarship is that grants do not require any performance from a student after they receive the money.
A loan is money you borrow and must pay back with interest. You borrow money to attend law school when you receive a student loan. If you apply for financial aid, you may be offered loans as part of the school’s financial aid offer. You must repay the loan as well as the interest that accrues. It is essential to understand your repayment options so you can successfully repay your loan.
Scholarships are typically based on merit. These awards are based off your undergraduate or graduate GPA and your score on the Law School Admission Test (LSAT). These differ from need-based scholarships because they only take your achievements into account rather than your financial situation.
Federal Work-Study (FWS) is a federally funded campus-based program. FWS allows students to earn money on campus or at a public or private nonprofit organization. The funds are to help pay for your educational expenses. In addition, this federal program can help students gain valuable work experience.