Dear all, I have the following problem: I want to make an LLM in USA but I don't have (all) the money to pay for it. I think that with all my efforts I could pay the tution or my living expenses (one thing or the other).
Also, I can't take a loan because in my country (in South America) the US Dollar values 3 times what my currency values; so, unless I could find a Job in a US law firm, it is impossible for me to pay the loan with the salary of my country.
People: do you know what universities give good scholarships?
Thks all
P.S. of course if you know other thing that could help me, I'll be gratefull for your advise.
USA University Scholarships
Posted Jan 08, 2007 15:02
Also, I can't take a loan because in my country (in South America) the US Dollar values 3 times what my currency values; so, unless I could find a Job in a US law firm, it is impossible for me to pay the loan with the salary of my country.
People: do you know what universities give good scholarships?
Thks all
P.S. of course if you know other thing that could help me, I'll be gratefull for your advise.
Posted Jan 09, 2007 02:44
Hi, you concern is probably the common issue among the applicants. Many students cannot fully afford the increasing tuition and living expenses of law school. The LLM is designed primarily for international students, so very limited scholarships are available. I know some top law schools provide full tuition grant, such as Harvard, NYU, Michigan, Cornell, but don't know much about the number of receipants each year. Some lower ranked schools provide certain amount of financial help, but I rarely heard of full tuition funding, mostly 5k-20k$. It will be hard for you if you simply apply without considering the financial issue. I suggest you find out scholarship opportunities in your home country first. If you can secure these kind of fellowship, you can definitely pay off the expenses of law school. As for scholarships from law school, you may give it a try but never cherish much hope since a lot of applicants are fighting over the small portion of cake.
In terms of loans, I think it is a personal financial arrangement. If you are confident to find a job in US, then it is not a big deal. If you have to return home, it also depends on what kind of job you will find and what is the payment. I am from China whose currency is only one eighth of the Dollar. But if I return to work in a large law firm in China, I can still pay off the loan in about 2 years time. So, I guess the issue is whether you need the degree badly. If you do and have a good reason for it, then funding should not be the most important issue. If not, you have to consider whether it is worthwhile to invest so much money.
In terms of loans, I think it is a personal financial arrangement. If you are confident to find a job in US, then it is not a big deal. If you have to return home, it also depends on what kind of job you will find and what is the payment. I am from China whose currency is only one eighth of the Dollar. But if I return to work in a large law firm in China, I can still pay off the loan in about 2 years time. So, I guess the issue is whether you need the degree badly. If you do and have a good reason for it, then funding should not be the most important issue. If not, you have to consider whether it is worthwhile to invest so much money.
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