As most students utilize loans to assist them in meeting the cost of education it is important that all applicants try to manage their costs to the best of their ability to minimize the amount that may have to be borrowed.

2014/2015 First-Year Student Estimated Expense Budget

Tuition 45,000
Student Activity Fee 26
Campus Recreation Fee 92
Books and Supplies 1,500
Living Allowance 17,100
Loan Origination Fees 99
Transportation 900
Total $64,717

2014/2015 Upper-Level Student Estimated Expense Budget

Tuition 45,000
Student Activity Fee 18
Campus Recreation Fee 92
Books and Supplies 1,500
Living Allowance 22,800
Loan Origination Fees 99
Transportation 1,200
Total $70,709

Items Not Covered

Federal regulations mandate that the student expense budget include only education-related expenses. The Living Allowance and Transportation is set at $2,000 per month. Budgets cannot be increased for students whose personal living and transportation expenses are more than $2,000. Students living at home with their parents receive a monthly budget of $685 for personal living and transportation expenses. There are many items that students incorrectly assume are included in the student expense budget.

Items not covered:

  • Consumer Debt: The budget does not allow for consumer debt such as monthly credit card payments.
  • Automobile Expenses: The budget does not include allowances for car payments, insurance and monthly parking. Students should examine their need for an automobile while attending law school.
  • Moving Expenses: Students moving into the Boston area from outlying areas may incur moving expenses. These can not be built into the student expense budget.
  • Bar Expenses: While expenses related to taking the bar exam are not allowed to be added into the student expense budget, there are lenders that do provide loans to assist in meeting these costs. As students prepare to graduate, additional information on these programs is available in the Office of Financial Aid.

Budget Increases

Health Insurance

Health insurance is an additional cost that will automatically appear on your fall bill. You may opt out of the university's plan by completing a health insurance waiver on the myNEU portal. After the waiver is successfully processed, the fee will deducted from the fall bill.

Direct Costs of Obtaining a First Professional License (third year only)

This allowance may be provided one time per student to pay for both the Multistate Professional Responsibility Exam (MPRE) and the bar examination fees. These fees must be paid during a period of enrollment and not after, even if the exam is after the end of the period of enrollment. You must provide documentation of paid fees. This does not include fees paid for any bar preparation course.  Students must bring documented receipts to the Office of Financial Aid during their enrollment period in order to obtain a budget increase.

Computer Purchase

Budgets can be increased one time during a student’s tenure for a computer purchase. Students must provide documentation of payment for the computer to the Office of Financial Aid. The maximum allowed for a computer purchase budget increase is $2,000.

Childcare Expenses

Budgets may be increased for certain dependent childcare/daycare expenses. Documentation of expenses must be submitted to the Office of Financial Aid. Students should contact the office directly to discuss which specific childcare expenses warrant a budget increase.