An LLM programme is not just a commitment of your time but also of your money. How much will an LLM programme cost and what should you think about?
Click here to view details of the scholarships and bursaries on offer to LLM students at some of the law schools featured on this site.
Deciding to take an LLM course is based on answering many questions, including the following:
- is taking an LLM the right thing for me to do?
- how should I study it – full time or part time?
- where should I study it – locally or further away, perhaps even abroad?
- will it be necessary for me to work during the LLM programme?
All of these decisions are difficult to make absent good information about the costs (and ways of meeting them) as well as the benefits of doing an advanced degree. The complexity of the subject – different programmes charge radically different tuition fees; some students will qualify for substantial aid grants or subsidised loans, but others won’t; the cost of living varies according to where (and how) one lives; and so on – makes it important to do your homework early on.
Looking for funding for postgraduate studies? Check out the exclusive bursaries on offer from Postgrad Solutions.
Postgrad Solutions Ltd, the publisher of llmstudy.com, is offering two Global LLM Study Bursaries each to the value of £500. To apply for a Global LLM Study Bursary, you have to be a member of the free-of-charge Postgrad Solutions Student Service, and you have to be starting any LLM degree anywhere in the world in.
You may only apply for a bursary after you have accepted an offer of a place at your chosen institution.
Click here to find out more.
Any given LLM programme consists of its direct costs (those directly associated with your enrolment, such as tuition, student fees, books, a computer and other supplies) and indirect costs (those not directly associated, including housing, utilities, food, personal expenses, transportation, relocation costs and other basic living expenses). A significant indirect cost of full-time attendance at business school is the ‘opportunity cost’ or money forgone, meaning the amount of money you could have earned if you had continued working.
Part-time programmes are not such a heavy financial burden because you can continue to earn a salary. Furthermore, employers are often willing to cover some or all of the costs of a part-time programme.
An LLM programme can range in direct cost from under US$10,000 to over US$60,000. The fees for full-time programmes are by no means identical. A good rule of thumb is that the most expensive programmes also have the most substantial financial aid available. So don’t be discouraged by the ‘sticker price’ of a programme, even if it seems to place a given programme out of your reach. Instead, investigate whether you qualify for financial aid.
Look at our Sources of funding section and Scholarships and bursaries section for more helpful information.