In 1980, a student could graduate debt-free from law school. While the student might not have had any scholarships, the student could pay tuition and living expenses by working part-time. No debt meant that she could take the risk of starting a solo practice, taking a lower-paying job as a public defender, and serving the community in other ways.
Today, it is not possible to do this. The high cost of everything from tuition to books to rent threatens access for students who have the ability and passion to study and succeed in the law.
The Drive to Help Students
For this reason, scholarships are a top fund-raising priority with a goal of significantly increasing the number of students receiving privately funded scholarships. It’s an ambitious goal, but a great opportunity for changing students’ lives and ensuring good lawyers in our community.
Mitchell Hamline’s tuition of about $48,180 for a full-time student is lower than the national average. However, nearly every Mitchell Hamline student has financial need. Students work part time and full time to finance their education, and a significant number must borrow money to pay for tuition and books.
Investing in Students
A scholarship endowment can be created with a one-time gift, a multi-year pledge, an estate gift, or a living endowment (a combination of a multi-year pledge and an estate gift). Endowments are invested, growing, and benefiting students in perpetuity. The minimum level for an endowment is $25,000, and each year up to 5 percent is paid out for the scholarship award.
A scholarship endowment is a legacy. It will make a difference for students year after year.
Contact Mitchell Hamline’s Advancement office at 651-290-6375.