University of Virginia
The Rotunda at U.Va.
2005-2006
GRADUATE RECORD
School of Law
General Information  |  Admission Information  |  Financial Aid Information  |  Academic Regulations  |  Activities and Awards  |  Annual Law School Awards and Honors  |  Degree Programs  |  Course Descriptions  |  Faculty
Budgets  |  Standard Forms of Financial Aid  |  Employment Opportunities  |  Career Services

Financial Aid Information

Title IV Institutional Code = 003745
College Name = University of Virginia

The University of Virginia School of Law assists its students in financing their legal education through a variety of resources, including scholarship assistance; Title IV federally sponsored programs such as Stafford Student Loans, Perkins Loans, and College Work-Study funding; and private sector educational loans. Most scholarship assistance is awarded on a combined basis of academic merit and financial need. Some scholarships are awarded solely on merit. Scholarships are awarded to first year students and are typically renewed for the second and third years of law school, so long as the student's academic progress is satisfactory. International students are eligible for scholarship and private loan assistance only.

How To Apply for Financial Aid All admitted first-year students are automatically considered for merit-based scholarship assistance and a separate application is not required. Applicants who wish to be considered for need-based scholarships and federal loans must file the Free Application for Federal Student Aid (FAFSA) and complete the School of Law Institutional Application for Financial Aid. The recommended deadline for filing these forms is February 15. Rising second- and third- year students must submit a FAFSA and Institutional Application for Financial Aid to continue receiving need-based financial assistance. The recommended deadline for current students is April 15.

The FAFSA is available at financial aid offices at undergraduate schools, the School of Law Financial Aid Office, and online at www.fafsa.ed.gov. The School of Law Institutional Application for Financial Aid is available on the Law School website at http://www.law.virginia.edu/home2002/pdf/0405finaid.pdf.


Budgets

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Students budgets are determined by the University Financial Aid Committee and are standardized for all graduate and professional schools at the University. Modifications are made to reflect the actual costs incurred by law students in general. The Law School Financial Aid Office works individually with students to develop realistic budgets that meet the costs of obtaining a legal education and to identify sources of financial support that will enable students to achieve their educational and professional goals.

Budgets for the 2005-2006 academic year are estimated as follows:

 

VA Resident

Non-Resident

Tuition & Fees

$26,100

$31,100

Room, Board, Misc.

13,726

13,726

Books

800

800

Loan Origination Fees

574

574

Total

$41,200

$46,200

The Law School's Financial Aid Office is authorized to increase a student's budget up to $2,500 toward the cost of any notebook computer upon request from the student and submission of supporting documentation (i.e., sales receipt or PC vendor's price quote). Adjustments to a student's cost of attendance may also be made to accommodate some non-discretionary expenses such as child care and medical expenses not covered by insurance.


Standard Forms of Financial Aid

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Scholarships Scholarship assistance is provided through the generosity of alumni and friends of the School of Law and from general funds allocated by the School of Law. Most scholarship assistance is awarded on a combined basis of academic merit and need. Some scholarships will be awarded solely on merit. All admitted applicants will be considered for merit-based assistance, and no separate application is required. Scholarships are typically renewed for the second and third years of law school, so long as the student's academic progress is satisfactory.

Stafford Student Loan Program Stafford Loans are loans available to U.S. citizens and permanent residents in interest-subsidized and unsubsidized forms. The University participates in the Federal Family Educational Loan Program (FFELP) for Stafford Loans. To borrow subsidized Stafford Loan funds, students must demonstrate financial need under a standard needs analysis. Students may borrow up to $8,500 in subsidized Stafford Student Loans, with the federal government paying the interest on the loan while the borrower is in school and for a six-month grace period following graduation or withdrawal.

Students may borrow an annual maximum of $18,500 in combined subsidized and unsubsidized Stafford Loans. While interest begins accruing immediately on Unsubsidized Stafford Loans, students may defer payment while enrolled and for a six-month grace period following graduation. The maximum amount a student can borrow under the Stafford Loan program is $138,500.

The University has established Bank of America as its preferred lender for all Stafford Loans, but students may choose to use any lender.

Private-Sector Educational Loans Private-sector education loans are available to all students, regardless of need, to help meet any costs of education not covered by scholarship assistance or Stafford Student Loans. Private loans are available from a variety of lenders and are based on the applicant's credit history and ability to repay. An eligible cosigner may be required. As with FFELP loans, the University has established the Bank of America as its preferred lender. Bank of America offers Guaranteed Access to Education (GATE) loans in partnership with First Marblehead Bank to both domestic and international students. Law students may, however, choose to obtain a private-sector educational loan from any lender.

Outside Scholarships Students who receive scholarships from sources other than the University of Virginia must inform the Financial Aid Office in writing. Outside scholarships will not reduce the amount of any scholarship assistance from the School of Law, but may reduce students' borrowing eligibility.

Emergency Loans Emergency Loans can be obtained to cover unforeseen, educationally-related expenses that may arise during the academic year. The Law School offers emergency loans in amounts not to exceed $400. Students must provide a written request to the director of financial aid indicating the nature of the expense and the amount needed. These loans are interest free and are limited to one per academic year.

Bar Examination Loans These loans are available through participating lenders during the final year of study and are based upon the student's credit worthiness, Repayment begins nine months after graduation.


Employment Opportunities

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Students may apply for part-time work through either the Law School or the University’s Office of Student Financial Services. However, first-year students are discouraged from part-time work because of the extensive requirements of the first-year curriculum. In no event may any student engage in more than 20 hours of employment per week.

Students are employed in the Law School as research assistants to law professors and assistants in the law library. Only second- and third-year students are eligible for work-study employment within the University and Law School community.


Career Services

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Over the years, students in the School of Law have consistently been able to obtain outstanding permanent and summer jobs. Most of these jobs are the result of contacts made during interviews with employers conducted at the Law School; the remainder are obtained by students on their own, often with the assistance of the Law School's Career Services Office or Public Service Center. They are among the very busiest offices in the country in terms of the number of employers contacting them annually with job opportunities. In the fall of 2004, for example, nearly 900 public- and private-sector law offices from 41 states and the District of Columbia conducted more than 7,400 interviews at the Law School from mid-September to late October. An additional 450 employers solicited résumés from Virginia students without visiting the Law School.

This volume of recruiting activity is a measure of the esteem in which Virginia students are held by legal employers. It has, moreover, resulted in a geographical pattern of job placement that is as diverse as that of any law school in the country. Within a few months of graduation in 2004, 330 out of 352 graduates had informed the Career Services Office that they had obtained jobs: 247 with law firms, 50 as judicial clerks; 18 with federal, city or state government agencies or public interest groups; 1 with corporations; 10 in graduate study and 4 with the military.

The Career Services Office and the Public Service Center offer a wide range of services to students seeking permanent and summer employment. They maintain contact with students and employers through the CASE system, which links the offices with students and employers via the Internet. In addition to attending to the logistical demands of the fall interviewing season, both the Career Services Office and the Public Service Center provide individual counseling on subjects ranging from interviewing techniques to strategies for obtaining specific types of jobs to letter and résumé writing. The offices also help students looking for jobs outside the formal interviewing process by corresponding with, and forwarding student résumés to, non-visiting employers posted on the CASE system and by assisting students in locating still other employers, often making use of the Internet and the comprehensive employer listings in the Career Services and Public Service Center libraries.

The Career Services Office and the Public Service Center have developed and maintain an extensive Law School Alumni Network, made up of nearly 2,000 of its graduates who have volunteered to provide advice and assistance to students and graduates in the job market. The network is accessible to students and graduates via the CASE system.

Other projects conducted by the Career Services Office and the Public Service Center include panel discussions on various kinds of legal opportunities, especially those not generally represented among visiting employers; online job listings for alumni in the job market; regional job fairs; an annual public interest job fair; symposia on job search techniques and strategies; a mock interview program for first-year students; and projects designed to promote careers in public service, such as Student Funded Fellowships, which provide stipends to students in summer public-service jobs, and the University of Virginia Public Service Loan Assistance Program, which provides loan assistance to graduates in public service positions.

The most popular locales for graduates of the classes of 2001 - 2003 include Washington, DC (299 graduates), New York City (210), Atlanta (66), Richmond (54), Boston, (48) Los Angeles (42), Chicago (36), San Francisco Bay Area (33), Houston (29), Philadelphia (25), McLean (20), Baltimore (19), San Diego and Dallas (17 each).

The members of the Class of 2004 accepted positions in 31 states and the District of Columbia. Starting salaries varied considerably with location and type of work. For example, large New York firms offered 2004 graduates $125,000 per year, while similar jobs in large urban areas were generally more than $100,000, and in smaller urban areas they were typically around $65,000. Jobs with the federal government were, in most cases, at the $40,000 salary level. Although precise figures are not available, the average starting salary for graduates in the private sector was estimated by the Career Services Office to be more than $110,000.


 
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