Published: October 1, 2020

If create a free account, you can enhance your experience on the LST Reports. With a little effort, you can learn more about what will prove to be among your most important financial commitments.

This guide has twp parts: My Schools and Financial Worksheets.

My Schools

On your account page, you can add an ABA-approved law school to your list of schools, either by clicking school's name or the "Add" button. To find a school you can cycle through the table by clicking "Next" or "Previous," or search for the school in the filter box.

Add New School

Your list of schools will be available on the "My Schools" section of your account page and on the "Edit Financial Worksheets" page.

To remove a school from your list, simply click the green bell icon on the account page list. You can re-add the school again later and your data will be restored for that school.

Financial Worksheets

About 4 in 5 law school graduates borrow to attend law school, and many do so without a full understanding of how much they will borrow and how much they will owe after interest accumulates on their loans during law school. Informed financial planning is a must from day one. We want to help you to plan your law school investment down to the dollar.

On the "Edit Financial Worksheets" page, you can add a financial worksheet for every law school. You control all of the loan assumptions and personal budget inputs. We produce a handy table that tells you type of loans your projections translate to, how much total debt you will have when you have to make your first payment, and how much that payment will be.

Once you fill out the worksheet, it will be available on the school's profile.

Assumptions

Federal loans begin accruing interest immediately upon disbursement. The interest rates change annually based on the 10-year Treasury yield. As such, to project your actual cost of attendance and monthly payment, you must forecast the 10-year Treasury yields for each of your three years in law school.

Treasury Yields

Slide the circle or directly input the projected treasury rate for your first, second, and third year of law school. As you change the 10-year yields, you'll notice the Stafford Loan and Grad PLUS Loan rates changing. All of your personalized loan calculations will use these rates to calculate your projected debt at repayment for each school with a financial worksheet. Note that these assumptions do not affect debt projections for schools without financial worksheets.

Projected ContributionsIn addition to setting federal student loan rates, you can set assumptions for cash you have access to that will offset the loans you would otherwise need to pay for law school. Consider cash you have saved and intend to spend on tuition and/or living expenses, as well as cash from family or private scholarships.

Just include cash that can be used for any law school; if you receive a private scholarship for just a single school, or your parents will only pay if you go to a certain school, you may tailor your cost estimation on the "Schools" tab on this page.

Schools

On this page, select the school for which you want to create or edit a financial worksheet. You can edit this as many times as you need. Note that the page will not autosave your entry, so you must click save each time you wish to save your budget.

You may not be able to borrow to cover all of your estimated expenses. Borrowing limits are set by each law school. The left-most column on the worksheet includes the maximum borrowing limit for the latest available cost data as a guide; the table will not limit your inputs.

Financial Worksheet

When you enter budget line items, your cost of attendance estimate will auto-sum, and it will include the student loan origination fees based on your estimates (as opposed to your estimates less the fees). We do it this way because the purpose is to plan a realistic budget.

To make input easier, you can just fill estimates for the first year. Simply click the autofill option and enter the rate of change (+/-) you expect. To help you make your tuition projections, we provide the last five years of tuition, the average annual rate of change, and other relevant information as applicable.

Projection Help