Howard University School of Law JD Loan & Budget Planner
A complete planning tool for Howard University School of Law full-time JD students. Build a 3-year cost overview, calculate your monthly student loan refund, see your monthly budget breakdown, and estimate Federal RAP repayment scenarios after graduation.
Howard's published full-time JD figures for 2026-2027 are pre-filled. Adjust any field to model your own situation.
Prefer a spreadsheet? Open the Google Sheets version
Howard Law School Costs
Howard's standard published costs have been pre-filled for you. Review details to determine if moving costs, health insurance, start up costs, etc. fit your situation.
| One Time / Yearly Expenses | Amount | Multiplier | Total (3 Yrs) |
|---|---|---|---|
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$
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Basic Monthly Expense Overview (36 months)
Your school provides an estimated cost of living. Adjust to fit your situation. The savings goal auto-fills from your one-time costs unless overridden.
Students can only borrow for the semesters they are enrolled, so loan eligibility typically covers 9 months of living expenses per academic year, not 12.
| Monthly Expense | Monthly Amount | Months | Total (3 Yrs) |
|---|---|---|---|
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$
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| Total Program Expense Estimate | |||
Auto-calc: (Moving + Bar Study Living - Savings Contribution) / 36 months. Bar study prep is excluded because Howard's mandatory fees already cover it. Edit to override.
Financial Resources
Income and savings you'll apply toward the program. Tax adjustments are auto-applied to wages.
| Income / Resource | Amount | Multiplier | Total (3 Yrs) |
|---|---|---|---|
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$
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| Total Financial Resources | |||
Estimated Funding Gap / Loan Need
This is what you'll need to borrow to cover the 3-year program.
- Per Academic Year
- Estimated COA (Per Academic Year)
- $80,594
Tuition $39,780 + fees $1,632 + housing $20,157 + food $6,888 + transportation $3,355 + personal/misc $4,066 + books $1,900 + loan fees $2,816.
You may only borrow up to your school's published cost of attendance less scholarships each year. If the loan amount per academic year above exceeds Howard's COA minus scholarship, you will need to cut costs or find resources that do not count towards your COA such as work opportunities after your 1L year.
Your plan needs per academic year against a COA less scholarships of .
That is more than you can borrow for the year.
Source: Howard University Student Financial Services, 2026-2027 estimated cost of attendance (Doctor of Law)
Loan Estimates
Federal loans are typically preferred for law students. The federal term auto-adjusts to balance. Set the federal cap to $0 to model private loans only.
| Loan Term (Yrs) | Est. Interest Rate | Loan Amount | |
|---|---|---|---|
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Federal Loan Eligibility
The current federal limit is $50K per academic year, so $150K over 3 years. Term tiers up with balance. |
%
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$
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Private Loan Need
Rate & term depend on credit. Common terms: 10 or 15 years. |
%
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Federal Pmt (Std)
per month
Private Pmt
per month
Total Monthly
per month
Post-Graduation Debt-to-Income
Based on the median legal starting salary reported by NALP. DTI here is loan payments only; mortgages, car payments, and other debt compound this for future lending. Lenders typically prefer DTI < 36%.
Monthly Gross Pay
Projected DTI Ratio
%
Student Loan Refund Inputs
After your school applies your aid to tuition and fees, the leftover is refunded to you for living expenses. This estimates the monthly refund.
Scholarships, grants, and planned student loan borrowing.
Typically tuition, fees, and health insurance if applicable.
Howard publishes a $532 Direct Stafford loan fee for 2026-2027.
Typically needed at the start of each semester.
Divide by 12 if you're not working during breaks. Otherwise, use the months covered by your academic year (typically 9).
Refund Breakdown
Standard Monthly Refund
Half of book/supply estimate is auto-added to August and January in the Monthly Budget tab.
Monthly Budget
Income comes from your Student Loan Refund (auto-calculated for each month, with book/supply additions in August and January). Edit any cell to override. Surplus/Deficit shows how much room is left each month. Export downloads a CSV that opens in Excel or Google Sheets.
| Category | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Student Loan Refund | ||||||||||||
| Other Income/Savings | ||||||||||||
| Total Income | ||||||||||||
| Planned Expenses (pulled from 4-Year Overview) | ||||||||||||
| Books/Supplies | ||||||||||||
| Total Expenses | ||||||||||||
| Surplus / Deficit | ||||||||||||
Annual Income
Annual Expenses
Annual Surplus / Deficit
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Monthly Spending Tracker
Log your real expenses as they happen and see how you're tracking against your planned budget. Saved locally to your browser.
| Expense | Planned | Spent | Remaining |
|---|---|---|---|
| Books/Supplies | |||
| Totals |
Expense Log
Track expenses below to see how your budget is evolving this month. ( / entries)
| Date | Expense Type | Amount | Notes | |
|---|---|---|---|---|
| No entries yet. Click "Add Entry" to log your first expense. | ||||
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$
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Income-Driven Repayment Estimates
Models the Repayment Assistance Plan (RAP) for federal loans during and after a clerkship. Wage growth is auto-applied.
Excluding yourself and spouse.
Visit studentaid.gov/pslf for details.
Typically earnings from Spring of 2L year, summer, and Fall of 3L year.
Typical clerkship pay; if not clerking, enter your expected first-year salary.
Federal loans borrowed plus accrued interest during 3 years of law school.
Recent federal direct rates; changes each academic year.
Prepopulates the post-clerkship/graduation salary from published NALP data for recent law grads.
Auto-Calculated
Spouse Details
Used because joint payments are based on your combined household income, then split by each person's share of total loans.
Leave at 0 if your spouse has no federal student loans.
Federal Loan Payment Estimates (RAP Plan)
Monthly Payment Range — In Training
Payments use prior-year tax returns, so year 1 still reflects law school income.
First Year Post Training
Often lower since tax data is still mixed between residency and full salary.
Range After Training
Excludes any private loan payments.
Federal Loan Pay Off / Forgiveness
Forgiveness Amount
Total Paid Toward Federal Loan
Year-by-Year Schedule
| Year | Income Used | Monthly Payment | Annual Paid | Balance End |
|---|---|---|---|---|