Means of funding the Accelerated LLB?
University course discussion for law.
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Re: Means of funding the Accelerated LLB?The Natwest scheme seems to have shut from the link you've provided.(Original post by Zedd)
Besides Barclays, Coop, or NatWest, are there any means of funding the accelerated/senior status LLB?
The problem with the above is that upon finishing the LLB I'd still have the diploma in professional legal practice to complete before I would begin the paid traineeship. Any thoughts?
Personally I kind of question whether the Accelerated LL.B is really worth it. (Consider a cost - including opportunity cost - of possibly approaching £100,000)
The Scottish firms - to my knowledge - don't really fund people to do the accelerated course. -
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Re: Means of funding the Accelerated LLB?If you're converting in Scotland then you don't have much choice as that's really the only way to convert to law from another disciple.
As far as funding is concerned, I'm aware only of the career development loan as a possible source of funding, and you can only take that out once. -
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Re: Means of funding the Accelerated LLB?Where on earth do you get the £100,000 figure from?!(Original post by Norton1)
Personally I kind of question whether the Accelerated LL.B is really worth it. (Consider a cost - including opportunity cost - of possibly approaching £100,000) -
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Re: Means of funding the Accelerated LLB?You're doing the Accelerated LL.B and hence you have a degree. With a good degree I think it likely you can get a job earning - say - £22,000. So you're in Uni for 3 years doing the LL.B plus diploma. So you've lost out on 3 years of earnings amounting to £66,000.(Original post by Murphyen)
Where on earth do you get the £100,000 figure from?!
In each year of that you're also paying fees. OP is in Aberdeen so taking their accelerated LL.B as an example that's £9,500 fees a year. Plus around £6500 for the diploma. Another £25,000 or so. Remember also the interest payments you'll be making on any loans you take out.
You do the traineeship, good traineeship salaries in Scotland are probably around £18,000 (if someone is getting significantly more do let me know) So that's two years where it costs you 4 grand if you'd just taken that job paying £22,000.
SURE it's possible that you make all this money back over your career (which by the way you've stalled for three years doing all this; and if you have already had a career for a few years you're straight back to the bottom of the heap) but I tend to think people should be aware that it does have a big cost attached. -
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Re: Means of funding the Accelerated LLB?I'm at Aberdeen for my undergrad but that doesn't constrain me to Aberdeen for the LLB. However, if I were to do the accelerated LLB at the University of Aberdeen then I would be paying a minimum of £22k for the degree itself. Personally though my preference is for the University of Edinburgh.(Original post by Norton1)
You're doing the Accelerated LL.B and hence you have a degree. With a good degree I think it likely you can get a job earning - say - £22,000. So you're in Uni for 3 years doing the LL.B plus diploma. So you've lost out on 3 years of earnings amounting to £66,000.
In each year of that you're also paying fees. OP is in Aberdeen so taking their accelerated LL.B as an example that's £9,500 fees a year. Plus around £6500 for the diploma. Another £25,000 or so. Remember also the interest payments you'll be making on any loans you take out.
You do the traineeship, good traineeship salaries in Scotland are probably around £18,000 (if someone is getting significantly more do let me know) So that's two years where it costs you 4 grand if you'd just taken that job paying £22,000.
SURE it's possible that you make all this money back over your career (which by the way you've stalled for three years doing all this; and if you have already had a career for a few years you're straight back to the bottom of the heap) but I tend to think people should be aware that it does have a big cost attached.
Your point stands but it ignores long term goals. Assuming I had ten years to live then going into graduate work wouldn't be a bad idea but I've longer term aspirations. Moreover, many people I know (law students amongst them) believe that I'd enjoy it and as sad as it might sound I'm inclined to agree with them.
What I'm really concerned with is damage limitation in regard to having so much debt with a bank but it seems like there's not much out there in the way of options. -
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Re: Means of funding the Accelerated LLB?I think Edinburgh University's accelerated LL.B is even more ruinously expensive. I didn't know your age so yes the point is a little less relevant.(Original post by Zedd)
I'm at Aberdeen for my undergrad but that doesn't constrain me to Aberdeen for the LLB. However, if I were to do the accelerated LLB at the University of Aberdeen then I would be paying a minimum of £22k for the degree itself. Personally though my preference is for the University of Edinburgh.
Your point stands but it ignores long term goals. Assuming I had ten years to live then going into graduate work wouldn't be a bad idea but I've longer term aspirations. Moreover, many people I know (law students amongst them) believe that I'd enjoy it and as sad as it might sound I'm inclined to agree with them.
What I'm really concerned with is damage limitation in regard to having so much debt with a bank but it seems like there's not much out there in the way of options. -
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Re: Means of funding the Accelerated LLB?Ruinously! Haha, well let's hope not in the long shot! I'm 26, I came late to the education game. I had always planned on going on to study medicine but since I made the switch from the sciences to the arts it's become increasingly obvious that medicine isn't the best route for me. Of course, being late to the law game might be a problem. . .(Original post by Norton1)
I think Edinburgh University's accelerated LL.B is even more ruinously expensive. I didn't know your age so yes the point is a little less relevant.
Regarding the tuition fees, I think that from 2013 the fees are going to jump up from ~£9,000 to £11,000 per academic year at most of the institutes on the east coast of Scotland. Just to give a little perspective, Aberdeen, Dundee, and Edinburgh were all charging in the area of £9,000 per academic year this year so it's not really any more expensive to go to Edinburgh over Dundee or Aberdeen. With that said, it seems that studying the accelerated LLB is quite a bit cheaper at the west coast but I'm personally not keen on going there. -
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Re: Means of funding the Accelerated LLB?You're not particularly late to law, your accelerated brethren will be 22 or older. There's also a sizable contingent of career changers who are coming into the law in their 30's or even older. I suspect that it's actually fairly helpful to do the accelerated LL.B in terms of getting a traineeship, you have a lot more to write on summer placement forms etc.(Original post by Zedd)
Ruinously! Haha, well let's hope not in the long shot! I'm 26, I came late to the education game. I had always planned on going on to study medicine but since I made the switch from the sciences to the arts it's become increasingly obvious that medicine isn't the best route for me. Of course, being late to the law game might be a problem. . .
Regarding the tuition fees, I think that from 2013 the fees are going to jump up from ~£9,000 to £11,000 per academic year at most of the institutes on the east coast of Scotland. Just to give a little perspective, Aberdeen, Dundee, and Edinburgh were all charging in the area of £9,000 per academic year this year so it's not really any more expensive to go to Edinburgh over Dundee or Aberdeen. With that said, it seems that studying the accelerated LLB is quite a bit cheaper at the west coast but I'm personally not keen on going there. -
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Re: Means of funding the Accelerated LLB?Good points. From what I've heard the graduates from the accelerated LL.B have no issues in being picked up by law firms as long as their grades are good enough so I suppose age isn't really as big a factor as I thought.(Original post by Norton1)
You're not particularly late to law, your accelerated brethren will be 22 or older. There's also a sizable contingent of career changers who are coming into the law in their 30's or even older. I suspect that it's actually fairly helpful to do the accelerated LL.B in terms of getting a traineeship, you have a lot more to write on summer placement forms etc.Last edited by Zedd; 13-06-2012 at 11:30.
