Choosing a career as a paralegal is great for those interested in law but not wanting to be lawyers. Paralegal certificate programs teach you to help lawyers with tasks like research and document drafting. But, the cost can worry many students. Luckily, there are financial aid options to help pay for it. Here’s a guide on the financial aid available for paralegal students and how to get it.
What Kind of Financial Aid is Available for Paralegal Students?
Financial aid is key in making paralegal training affordable. Whether you’re getting a degree or certificate, you’ll likely need financial help. Below is a detailed guide to the financial aid resources you might find.
Federal and State Financial Aid Options
Students in paralegal programs at approved schools have several federal and state aid options. These can help lower your tuition:
- Federal Pell Grants: These grants are for those who need them and don’t have to be paid back. The amount you get depends on your financial need and how much you’re paying for school.
- Direct Subsidized Loans: These loans are for students who show they need financial help. The government pays the interest while you’re in school, during grace periods, and deferments.
- Direct Unsubsidized Loans: These loans don’t rely on financial need and start accruing interest right away. They’re good for extra money to cover school costs.
- Parent PLUS Loans: Dependent students can apply for these loans, which cover any remaining education costs not covered by other aid.
To get federal aid, you must fill out the Free Application for Federal Student Aid (FAFSA) online. This application is the first step to federal grants, loans, and work-study programs. It’s important to submit it before the deadline to get the most aid. The FAFSA results in a Student Aid Report (SAR) that shows your eligibility and aid amount.
University Financial Aid for Paralegal Degree Programs
Financial aid options vary by school. Many universities offer their own aid packages, including grants, scholarships, and payment plans. Larger universities with four-year programs usually have more aid options than smaller schools.
University aid is for students in academic degree programs and enrolled part-time (at least six credits per semester). To explore these options, visit your school’s financial aid office and talk to an advisor. They can help with the application, deadlines, and what you qualify for.
Scholarships and Grants for Paralegal Studies
Scholarships and grants are the best financial aid because they don’t need to be repaid. Scholarships are based on merit, while grants are based on need. Here are some examples of scholarships and grants for paralegal students:
- American Association for Paralegal Education (AAfPE): AAfPE gives up to five $500 scholarships each year. These are for paralegal students in schools with a Lambda Epsilon Chi (LEX) chapter. It’s perfect for students who do well in school and are involved in their paralegal program.
- National Federation of Paralegal Associations (NFPA): The NFPA offers several scholarships yearly. They are for students who want to get PACE certified. These scholarships can help pay for tuition and make getting a paralegal degree easier.
- Private Scholarships: Law firms, legal groups, and private groups offer paralegal scholarships. Fastweb and Scholarships.com are great places to find scholarships that fit your needs.
Employer Tuition Assistance
If you work, you might get help with tuition from your employer. Many companies help with education costs as part of their employee benefits. Check with your HR to see if this is something you can get.
Veteran’s Benefits
Veterans or active-duty military can get education benefits through the GI Bill. These benefits can cover the cost of paralegal studies. They can be a big help in starting a new career after the military.
Important Considerations When Applying for Financial Aid
