Legal education can be timely and costly, and particularly with the rise in tuition fees it is important to consider the costs of pursuing a legal career. However the costs should not be a deterrent as there are many sources of funding that can help you throughout your legal studies.
So how can I fund my legal education?
- Work part time
- Use personal savings
Funding for the Bar:
- Inns of Courts Scholarships
- The Inns offer around £4.5million in scholarships to support BPTC students and pupils. Each of the Inns provides extensive information on their requirements for the scholarship. Deadlines are the first Friday in November the year prior to studying the BPTC and you must be in the final year of your legal degree. Please consult the Inns to find the scholarship that best suits you.
- Many of the BPTC providers provide loans, bursaries and scholarships for their students in order to help them pay for the course.
- HSBC / Banks – HSBC provides a specialist law loan for BPTC providers which can be found at the HSBC in Fleet Street.
- If you are one of the lucky ones who has secured pupillage, then it may be possible to draw on your pupillage award during the BPTC, but do check with the chamber.
Funding the LPC:
- Many of the LPC providers provide loans, bursaries and scholarships for their students in order to help them pay for the course.
- Training Contract
Many of the law firms do fund the LPC and therefore if you have secured a training contract you will not have to pay for the LPC. Target jobs provides a list of the firms that fully fund the LPC (http://targetjobs.co.uk/career-sectors/law-solicitors/305519-which-law-firms-will-fund-your-lpc-and-gdl-course-fees-and-pay-maintenance-costs).