The Financial Aid Program awards funds to students who demonstrate financial need according to the policies established by the federal and state governments and the School. New York Law School also administers a merit-based scholarship program. Budgets are tailored to include actual commuting costs and documented child care costs, where applicable. Details on COA components and allowable costs are contained in the New York Law School Financial Aid Handbook. Matriculated law students are also eligible to borrow through a variety of private credit-based student loan programs.
Loan funds up to the cost of attendance are available to eligible students.
Eligibility for private student loans is based on the borrower's credit history and students with adverse credit records will not be approved. Credit criteria vary by lender, as does the availability of a cosigner option. It is recommended that students contact the lender of their choice to inquire about the credit criteria and the impact of obtaining a credit-worthy cosigner. It should be noted that receiving a private loan for one academic year does not imply automatic approval for future years. Borrowers must continue to meet credit criteria in order to be approved for additional loans.