The median annual salary for a paralegal is $66,510, according to the latest figures from the Bureau of Labor Statistics. But depending on where you live, your area of expertise, and your level of experience, you could make upwards of $98,990 or more a year.
A career as a paralegal can be a fulfilling choice for those interested in the law. While the job can be demanding and the hours sometimes long, it can also provide professional satisfaction and a chance to help others in your community.
Key Points
• Median annual salary for paralegals is $66,510, with variations by experience, specialty, and location.
• Specialization in areas like courtroom presentation can boost salaries to $59,500 to $137,000 annually.
• Paralegal job outlook is flat, with no significant growth expected from 2024 to 2034.
• Benefits include excellent pay, diverse work, and the opportunity to help others.
• Pros are good salary and stable job outlook; cons include long hours, high stress, and limited autonomy.
What Are Paralegals?
A paralegal works under the supervision of a lawyer and performs supportive legal tasks. Administrative duties require a knowledge of the law, but you don’t have to have a law degree or a law license.
Paralegals are often responsible for the following tasks:
• Draft motions and pleadings for an attorney and file it with the court.
• Research cases. Paralegals research current and old legal cases to help discover relative precedents and understand past rulings.
• Interview clients and witnesses involved in a case.
• Communicate with clients throughout the phases of the legal process.
• Collect documents, client testimonials, and expert witnesses on behalf of the attorney.
• Draft reports and legal documents for cases.
• Factcheck legal filings and documents for accuracy.
• Gather supporting documents that a lawyer may use or file with the court.
• Coordinate cases, including their schedules and deadlines.
• Assist and support lawyers during trials.
Being a paralegal is not a job for antisocial people, as it typically involves being a liaison between clients, attorneys, investigators, witnesses, and court officials.
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How Much Do Starting Paralegals Make?
Whether they’re fresh out of school or have been working for several years, paralegals can be paid hourly or earn a yearly salary. A typical rate for a brand-new paralegal is $19.76 an hour or $46,150 a year, according to Indeed.
An entry-level salary or hourly rate for a paralegal varies by work environment. Smaller firms and nonprofits tend to pay less, while bigger corporate law firms may offer more competitive pay.
Paralegals can specialize in certain areas, including litigation, real estate, divorce, intellectual property, immigration, and bankruptcy. Honing your skills in a particular area of the law could help position you for higher-paying opportunities.
No matter the size of your salary, it helps to keep a close eye on your finances and the progress you’re making toward your financial goals. Online tools like a money tracker app can help you create a budget, monitor your credit score, and more.
Like most jobs, the amount of money you can earn as a paralegal is impacted by geography. As the chart below shows, salaries in this field can fluctuate from state to state.
The Median Salary by State for a Paralegal in 2024
State
Median Salary
Alabama
$49,800
Alaska
$66,560
Arizona
$66,150
Arkansas
$62,540
California
$76,920
Colorado
$76,570
Connecticut
$67,230
Delaware
$66,460
District of Columbia
$96,200
Florida
$61,150
Georgia
$62,400
Hawaii
$64,210
Idaho
$54,380
Illinois
$68,960
Indiana
$60,220
Iowa
$56,060
Kansas
$54,310
Kentucky
$54,460
Louisiana
$52,380
Maine
$58,450
Maryland
$69,520
Massachusetts
$78,450
Michigan
$65,430
Minnesota
$71,560
Mississippi
$46,310
Missouri
$60,260
Montana
$56,870
Nebraska
$62,850
Nevada
$59,740
New Hampshire
$63,910
New Jersey
$69,010
New Mexico
$58,620
New York
$74,580
North Carolina
$56,810
North Dakota
$59,800
Ohio
$61,000
Oklahoma
$54,950
Oregon
$70,210
Pennsylvania
$65,920
Rhode Island
$57,330
South Carolina
$51,550
South Dakota
$59,790
Tennessee
$57,360
Texas
$62,650
Utah
$60,240
Vermont
$62,360
Virginia
$66,570
Washington
$83,930
West Virginia
$56,540
Wisconsin
$60,450
Wyoming
$54,320
Source: Bureau of Labor Statistics
Paralegal Job Considerations for Pay and Benefits
Thinking about becoming a paralegal? Consider the following:
• Areas of interest. Paralegals can work in any number of specialties: corporate law, patent law, health care, and more. Thinking about which field best suits your interest can help guide your training and job search.
• Career goals. Is career advancement and an annual pay raise important to you? Is having a flexible schedule a priority? Discuss your options with a hiring manager before accepting a position.
• Benefits. Many full-time and part-time paralegals are eligible for benefits, including, health, vision, and dental insurance, a 401(k), tuition assistance, and paid time off.
• Time and energy commitment. Some areas of law, like litigation, are more stressful than others and may require longer working hours.
• Impact of AI. While AI won’t replace paralegals, it may automate many tasks. (This may partly explain why the job growth outlook is flat.)
Ultimately, deciding if becoming a paralegal is a good fit depends on your interests, skills, and goals. Like any profession, working as a paralegal has its positives and negatives:
Pros:
• Salary. Paralegals stand to earn excellent pay, especially if they train for specific roles. A courtroom presentation specialist, for instance, may earn between $59,500 and $137,000 a year, per ZipRecruiter.
• Job outlook. Demand for paralegals is flat. According to the Bureau of Labor Statistics, jobs in the field aren’t projected to grow significantly from 2024 to 2034.
• Variety of work. On any given day, a paralegal may juggle a number of cases and assorted tasks — from paperwork to writing motions to speaking with witnesses.
• Stimulating work. Creative problem-solving skills and analytical reasoning are put to use every day as a paralegal. The job also requires staying up-to-date on new and changing laws.
• No law school. Becoming a paralegal requires much less education than is demanded of lawyers. A bachelor’s degree in any field and completing an accredited paralegal program are often all that’s needed.
Cons:
• Long hours. Paralegals often work more than the traditional 40-hour week. As deadlines and court dates approach, you may find yourself working late nights and weekends.
• High stress. In addition to assisting lawyers with complex legal issues, paralegals may work closely with demanding clients.
• Lack of autonomy. When you’re a paralegal, you work directly under and are supervised by a licensed attorney. And since you are not certificated to practice law, you cannot advise your clients on legal matters or represent them in court.
The Takeaway
While the hours can be long and the environment sometimes stressful, being a paralegal can provide you with an opportunity to help others, stay intellectually stimulated, and earn a good salary. While the average paralegal salary is around $66,510 a year, you may be able to earn more depending on your experience, specialty, and location.
FAQ
What is the highest-paying paralegal job?
One of the highest-paying paralegal jobs is a courtroom presentation specialist, which typically pays between $59,500 and $137,000 a year, per ZipRecruiter.
Do Paralegals make 100K a year?
Depending on how much experience you have, your area of expertise, and your employer, you could make $100,000 or more a year as a paralegal.
How much do paralegals make starting out?
When they’re just starting out, a paralegal earns an average of $19.76 an hour or $46,150 a year, according to Indeed.
Navigating the cost of law school can be daunting, but scholarships offer a valuable way to reduce financial burdens and make your legal education more affordable. Whether you’re a prospective law student or currently enrolled, understanding the variety of scholarships available can help you secure funding for your studies.
Keep reading to learn the types of law school scholarships available, tips for finding law school scholarships, and strategies for crafting compelling applications to increase your chances of success.
• Law school is expensive, with average costs totaling $217,480, but scholarships can significantly reduce that burden.
• Scholarships come in many forms, including full-ride, general merit-based, diversity-based, law firm-sponsored, and scholarships specifically for women.
• Resources like LSAC, ABA, and Fastweb can help prospective law students find scholarships; many law schools and law firms also offer funding directly.
• Negotiating scholarship offers is possible at some schools; sharing competing offers can increase chances of receiving more aid.
• Federal student loans offer protections like income-driven repayment and PSLF, while private loans can fill funding gaps if federal aid and scholarships fall short.
The Average Cost of Law School
The average annual cost of tuition at a public, out-of-state law school in 2025 was $45,208 per year ($30,540 per year for in-state students). For private law schools, the average tuition in 2025 was $53,034 per year. And, according to Education Data Initiative, the average total cost of law school is $217,480.
Because students aren’t yet racking up those billable attorney hours, it can be helpful to research law school scholarship opportunities before applying to reduce the financial burden of law school.
Additional Costs Beyond Tuition (Books, Fees, Living Expenses)
As stated above, the average cost of law school is $217,480. This includes tuition, books, fees, and living expenses. Living expenses, including housing, transportation, and health insurance, will vary by location but often represent a large portion of a student’s total budget. Other expenses include:
• Books: $1,000-$2,250 per year
• Fees: $1,639-$1,790 per year
Together, these additional costs can make law school far more expensive than tuition alone suggests, so thorough financial planning is essential.
Per the numbers mentioned above, there might be a fair amount of sticker shock for those who haven’t yet applied for graduate school and are only thinking of someday going the lawyer route. Fortunately, there are a range of options for aspiring attorneys seeking to fund law school.
Full-Ride Tuition Law School Scholarships
Some colleges may offer full-ride tuition scholarships and need-based grants for college. Full-rides, of course, are not available at all law schools. If a law school doesn’t explicitly advertise or highlight information regarding full-ride opportunities, interested students can contact the school to ask.
Students deciding whether to apply to law school may want to familiarize themselves with the language universities adopt to explain these scholarships. In some cases, specific scholarships are designated for particular students. Full-ride law school scholarships can be highly competitive — with some schools offering as few as two to four per enrollment year. One potential tip for the search for scholarships is to target law schools with more tuition help.
General Law School Scholarships
There are many options for law school hopefuls to find potential scholarships. These scholarships are often awarded by the school based on academic merit, LSAT performance, leadership experience, or a demonstrated commitment to the field.
In addition to school-sponsored awards, numerous organizations, foundations, and legal associations offer general scholarships for law students. These external scholarships may emphasize academic achievement, professional potential, or community involvement and are often open to applicants from various backgrounds and career interests.
And finally, don’t overlook smaller or less-publicized awards, which may go as unclaimed scholarships. These opportunities can provide meaningful financial support, and dedicating time to research them can give you an advantage in reducing your overall law school costs.
Law School Scholarships from Law Firms
Some law firms offer scholarships to law school students. Applying is typically a straightforward process, with many firms requiring a short essay, transcripts, and sometimes references to be considered. One such law firm scholarship is offered by the Dominguez Firm, which offers $2,500 and $5,000 annually to selected student applicants.
On top of this, there’s the rising trend of law firms helping new hires to repay a portion of their student debt once onboarded.
Diversity Law School Scholarships
Some scholarships are awarded to students with diverse backgrounds. One example of this is the Legal Opportunity Scholarship Fund offered by the American Bar Association. This $15,000 scholarship is awarded to law students from a racial or ethnically diverse background.
The USLaw Network Foundation also offers a $5,000 scholarship for up to 10 diverse students.
Law School Scholarships for Women
Some scholarships are offered to women attending law school. One resource is the American Association of University Women (AAUW) Fellowships and Grants, which offers scholarships to women in graduate studies, including law.
A specific scholarship for women is the Pearce Law Firm Empowering Women in Law Scholarship. This is a $1,500 scholarship awarded to female law students (or those accepted into J.D. programs) across the U.S. Recipients must submit a 700–1,000‑word essay explaining why more women should pursue law, their motivation to become a lawyer, and how they plan to make an impact.
Need-Based Law School Scholarships
Need-based law school scholarships are awarded to students whose financial circumstances make paying for law school particularly challenging. These scholarships consider factors such as family income, assets, employment history, and overall financial need rather than academic metrics alone. Many law schools use detailed financial aid applications to determine eligibility, while some external organizations also offer need-based awards to help reduce reliance on student loans.
Public Interest Law Scholarships
Public interest law scholarships support students committed to careers serving the public good, such as working in legal aid, nonprofit organizations, government agencies, or advocacy groups. These scholarships often emphasize a dedication to social justice and community impact, helping ease the financial burden of law school for those pursuing lower-paid but mission-driven legal roles.
One example is the Furman Public Policy Scholarship at NYU, which is a full-ride scholarship offered to someone with a commitment to public interest law.
Finding scholarships for law school starts with knowing where to look and which resources offer the most value. A strategic approach can help you uncover a mix of school-based, local, and national opportunities.
University Financial Aid Offices and Online Scholarship Databases
University financial aid offices and online scholarship databases are essential starting points for finding law school funding. Financial aid offices can guide you toward school-specific awards, FAFSA-related aid, and institutional grants, while reputable databases like LSAC, Fastweb, and AccessLex compile hundreds of external scholarships, making it easier to search by eligibility, interests, and financial need.
Local Bar Associations and Legal Organizations
Local bar associations, community foundations, and legal organizations frequently offer scholarships aimed at supporting aspiring attorneys within their region. These awards may prioritize students committed to public service, diversity in the legal field, or specific areas of law. Because they draw from smaller applicant pools, local scholarships can be more accessible.
Doing all this research and the math around law school scholarships could put applicants in a more informed position when evaluating which program to attend — and, potentially, help them to identify schools more likely to be interested in their application.
A reality of today’s admissions process for law school is negotiating scholarships. Some schools have a strict policy against negotiating, but others fully expect their initial offer to be countered. That’s why it can help to save acceptance letters and anything in writing from schools that offer admission.
Suggestions for Negotiating Law School Scholarship Offers
Offer letters could be shared with competing schools, asking if they’re able to match another university’s aid. It might be uncomfortable asking for more tuition assistance upfront, but a little discomfort now could help applicants shoulder less law school debt later on.
Doing research on law schools (and figuring out the likely cost of living expenses at each institution) could help applicants to determine which scores or grades to aim for in an effort to make law school more affordable for them. Tabulating expenses (and having records on hand) may also demonstrate to universities that the amounts being negotiated are based on well-documented expenses.
Timing Your Negotiation for Maximum Leverage
To maximize your chances of a successful negotiation, begin the conversation before the deposit deadline but early enough for financial aid offices to reassess your package. Reaching out during this window increases your chances of securing a higher scholarship while demonstrating professionalism and genuine interest in the school.
Students wanting to apply to law school should consider the differences between federal and private student loans. Federal loans come with certain benefits not guaranteed by private ones (such as forbearance or income-driven repayment), and should be used first before seeking private student loans.
Pros and Cons of Federal Student Loans for Law School
Federal student loans offer law students predictable interest rates, flexible repayment plans, and access to protections like income-driven repayment and Public Service Loan Forgiveness. While these benefits make them a reliable option, federal loans also come with borrowing limits, potentially higher interest rates than some private loans, and long-term costs that can add up over time.
Pros:
• Fixed interest rates
• Access to income-driven repayment plans
• Eligibility for Public Service Loan Forgiveness
• Deferment and forbearance options for financial hardship
Cons:
• Potentially higher interest rates than qualified private loans
• Borrowing limits may require supplemental financing
• Interest accrues while in school for most loans
• Longer repayment terms can increase total costs
When to Consider Private Student Loans
Private student loans may be worth considering when you’ve exhausted all federal financial aid options, including federal loans, grants, and work-study. They can help bridge funding gaps when federal loan limits fall short of covering the full cost of attendance, especially at higher-cost law programs.
Private lenders often offer competitive interest rates, which can make them appealing for students with strong credit or a creditworthy cosigner.
It’s important to note that private student loans don’t offer the same benefits and protections afforded to federal student loan borrowers, like Public Service Loan Forgiveness (PSLF). If a law school applicant is interested eventually in becoming a public defender or pursuing non-profit legal work, forgiveness and forbearance perks may play a role in their decision.
The Takeaway
Students looking to offset law school costs with scholarships can look to their law school, scholarship databases, local law firms, and other organizations for resources. Consider contacting the financial aid office at your law school if you are looking for scholarship resources. If students interested in law school find themselves coming up short on funds for the JD after scholarships and federal aid, additional options may be available.
If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.
Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.
FAQ
What LSAT score will get me a scholarship?
One general rule of thumb is that students who have an LSAT score (and sometimes GPA) above the median for a certain school could qualify for a scholarship. Chances of qualifying are even greater if your score falls in the 75th percentile for the school.
What is a good scholarship for law school?
Any scholarship for law school is a good scholarship. Scholarships typically don’t need to be repaid and can help reduce a student’s debt burden. Students looking for law school scholarships can apply for institutional aid and aid through other sources like nonprofit organizations.
Do top law schools give scholarships?
While some top law schools do not offer scholarships, many law schools do offer law school scholarships to students. For example, in the 2024-2025 class at Yale, 67% of students qualified for some form of financial aid and 62% qualified for an institutional law school scholarship. Check directly with the schools you are interested in to see if they offer scholarships to students.
Can you negotiate a better law school scholarship offer?
Yes, you can often negotiate a better law school scholarship offer. Many schools allow applicants to present competing offers from other institutions to request additional funding. Success depends on factors like your LSAT score, GPA, and the school’s enrollment goals, but respectful, well-documented negotiations can lead to increased aid.
Are law school scholarships renewable each year?
Many law school scholarships are renewable each year, but they often come with conditions. Students typically must maintain a minimum GPA or class ranking to keep their award. Renewal policies vary by school, so it’s important to review requirements carefully to avoid losing funding after the first year.
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Scholarships are free money to help cover the cost of going to college, and they don’t need to be paid back like student loans. There are many scholarships and other forms of financial assistance that can help students with disabilities pay for college.
Below, we’ve outlined a list of disability scholarships, including their eligibility requirements and tips for applying.
Key Points
• Disability scholarships are tailored specifically for students with documented disabilities and can cover tuition, support services, housing, and other school-related expenses.
• These awards come from nonprofit organizations, foundations, private companies, and disability-advocacy groups, expanding funding beyond traditional merit- or need-based aid.
• Some scholarships are open to all students with disabilities, while others target particular conditions (e.g. learning disabilities, visual impairment, etc.), allowing many students to find a suitable match.
• Because disability scholarships may also cover support services (like accommodations, assistive technology, or therapy), they help address unique needs that standard financial aid might not cover.
• If scholarships aren’t enough to cover the cost of college, students with disabilities can rely on grants, federal student loans, and private student loans.
What Is a Disability Scholarship?
A disability scholarship is a form of financial aid that’s intended specifically for students with a disability. Scholarships for students with disabilities may be used to cover the cost of support services in addition to tuition and room and board.
Scholarships and grants for college are a type of financial aid that you don’t need to pay back, making them a helpful resource to pay for college and school-related expenses.
Eligibility Requirements for Disability Scholarships
It’s important to review the eligibility requirements before applying for a scholarship or grant. Some scholarships may be open to all students with a documented disability, while others are reserved for applicants with certain types of physical, learning, or emotional disabilities.
Types of Disabilities Covered by Scholarships
Types of scholarships for students with disabilities cover a wide range of conditions, helping ensure that financial support is accessible to many learners with diverse needs. While some programs are broad and open to any documented disability, others are tailored to specific physical, cognitive, or sensory conditions.
American Association on Health and Disability Scholarship
One notable scholarship for students with disabilities is the Frederick J. Krause Scholarship, which is funded by the American Association on Health and Disability. It provides multiple awards of $1,000 to students with a disability who are pursuing an undergraduate or graduate degree in a field related to disability and health.
To be eligible to apply, students must have completed at least one full year of college or be enrolled in a graduate degree program.
10 Scholarships for Students With Disabilities
In addition to the scholarship mentioned above, there are many other scholarships for students with disabilities to continue their education.
Scholarships can come from a variety of sources, including charitable foundations, nonprofit organizations, and private companies. Awards can be based on financial need, academic merit, or both.
There may be additional eligibility requirements, such as location or field of study. For instance, scholarships may be open to all levels of higher education or specific to students enrolled in undergraduate, graduate, or vocational programs.
Below is a list of 10 scholarships that are available exclusively to students with disabilities.
1. Microsoft Disability Scholarship
Scholarship amount: $5,000 in previous years; new amounts announced January 2026
Application deadline: October 1 in previous years; new deadlines announced January 2026
The Microsoft Disability Scholarship is awarded to current high school seniors with disabilities who plan to enroll in an accredited two- or four-year college or vocational/technical school in the U.S. Applicants must demonstrate leadership experience and a passion for technology, as well as be planning to pursue a degree in engineering, computer science, computer information systems, law, business, or a related field.
Scholarship amount: $10,000 ($2,500/year over four years)
Application deadline: April 20
The Anne Ford Scholarship, by the National Center for Learning Disabilities, gives a $10,000 award to a graduating high school senior with a documented learning disability. To be eligible, students must be planning to enroll in a full-time bachelor’s degree program.
3. Allegra Ford Thomas Scholarship
Scholarship amount: $5,000 ($2,500/year over two years)
Application deadline: April 21
The Allegra Ford Thomas Scholarship, also offered by the National Center for Learning Disabilities, awards one scholarship to a graduating high school senior who will enroll in a two-year community college, a vocational or technical training program, or a specialized program for students with disabilities. To apply, students must have a documented learning disability.
4. John Lepping Memorial Scholarship
Scholarship amount: Up to $5,000
Application deadline: May 1
The John Lepping Memorial Scholarship provides awards to support disabled youth in New York, New Jersey, and Pennsylvania in attending college. Recipients must be able to provide proof of a physical or psychological disability with a letter of confirmation by a physician.
5. Musicians With Disabilities Scholarship
Scholarship amount: $1,500
Application deadline: March 13
Sigma Alpha Iota offers the Musicians With Disabilities Scholarship of $1,500 to a member of the international music fraternity with a qualifying disability. Applicants must be enrolled in an undergraduate or graduate degree program in music, or studying to become a teacher or therapist in this field.
6. American Council of the Blind’s Scholarship Program
Scholarship amount: Up to $7,500
Application deadline: February 14
The American Council of the Blind’s Scholarship Program provides educational scholarships between $2,000 and $7,500 for incoming freshman, undergraduate students, graduate students, and students attending technical college. To be eligible, applicants must be legally blind, maintain a 3.0 GPA or higher, and either study full-time or be a part-time student who works at least 32 hours per week.
7. Wells Fargo Stacey Milbern Scholarship
Scholarship amount: $1,250-$2,500
Application deadline: Not yet released
The Wells Fargo Stacey Milbern Scholarship provides awards to help students with disabilities pursue education at a two- or four-year college on a full-time or part-time basis. Scholarships are renewable, and full-time students are eligible for a $2,500 annual award, while part-time students are eligible for a $1,250 annual award.
The Marion Huber Learning Through Listening® Award grants multiple scholarships to high school seniors with a learning disability who are planning to study at a two- or four-year college or vocational school. Applicants must be an active Learning Ally member and graduating from a high school in the U.S. to be eligible.
9. Yellow Ribbon Scholarship
Scholarship amount: $5,000
Application deadline: April 30
The American Bus Association offers a Tony Orlando Yellow Ribbon Scholarship to undergraduate, graduate, and training school students who have a declared major or course of study relevant to transportation, travel, or tourism. Students with a physical or sensory disability, veterans, and children of a wounded military veteran are eligible to apply. Applicants must also have a cumulative GPA of 3.0 or higher.
10. Simmons and Fletcher, P.C., Students With Disabilities Scholarship
Scholarship amount: $500-$1,000
Application deadline: December 1
The Simmons and Fletcher, P.C., Students With Disabilities Scholarship is awarded to two students with disabilities based on an essay competition, with the winner receiving a $1,000 award and second place receiving a $500 award. To apply, students must be completing their first semester of college and continuing their studies.
Bonus Scholarship: SoFi’s Scholarship Sweepstakes
For a chance to win SoFi’s monthly $2,500 Scholarship Sweepstakes, simply let us know your name, email address, and school.
How to Apply for Disability Scholarships
Application requirements vary by scholarship opportunity, so it’s recommended to plan ahead. Taking note of submission deadlines can help prioritize which scholarships to apply for and ensure you stay on track for preparing and submitting materials.
Often, students have to write a personal statement or submit an essay as part of the application. It’s important to pay attention to the instructions, including prompts, word limits, and other criteria used to select scholarship recipients.
Submitting school transcripts and a letter of recommendation are two other common requirements. Think about who can best attest to your strengths and achievements when selecting a reference.
Keep in mind that some scholarships require that recipients submit documentation of their disability to accept the award.
Can I Apply for Scholarships for Disabled Students if I Have a Learning Disability?
Yes, if you have a learning disability, you can apply for scholarships for disabled students. Many scholarships are geared toward students with one or more disabilities, including physical and learning disabilities. For some scholarships, having a learning disability is an eligibility requirement.
There are many scholarships that are specifically designated for students with disabilities. Scholarships and grants are a useful way for students with disabilities to pay for college and reduce student loan debt.
Many students use multiple funding sources, including federal student loans and private student loans, to help cover the cost of college.
If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.
Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.
FAQ
What types of scholarships are available for students with disabilities?
There are many scholarships for students with disabilities, including those based on specific disabilities, academic achievements, or financial need. Some scholarships are offered by disability advocacy organizations, while others are provided by colleges, nonprofits, or government programs to support educational success and accessibility for disabled students.
How can students with disabilities find scholarships?
Students with disabilities can find scholarships by researching online databases, consulting with school counselors, or reaching out to disability advocacy organizations. Websites like Disability.gov or the National Center for Learning Disabilities also offer scholarship listings tailored to specific needs.
What qualifies as a disability for scholarships?
A disability for scholarship purposes generally includes any documented physical, sensory, cognitive, mental health, or learning condition that substantially limits one or more major life activities. Eligibility typically requires medical or psychological documentation, and programs may define additional criteria depending on whether they target broad disabilities or specific conditions.
Do students with disabilities need to provide documentation when applying for scholarships?
Yes, most scholarships for students with disabilities require documentation of the disability. This might include a letter from a medical professional or educational accommodations documentation. Additionally, other materials like transcripts, essays, and recommendations may be required, depending on the scholarship’s criteria.
Can I apply for multiple disability scholarships at once?
Yes, you can apply for multiple disability scholarships at the same time, and doing so can increase your chances of receiving funding. Each scholarship has its own eligibility rules and application requirements, so be sure to review deadlines, prepare documentation, and tailor your materials to meet each program’s expectations.
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A capital market is an exchange or platform where individuals, institutions, governments, and other entities come together to buy and sell securities. Well-known capital markets typically include the stock, bond, and commodities markets.
Capital markets generally facilitate the trading of longer-term securities vs. money markets, where investors can buy short-term debt. Capital markets today may or may not have specific geographical locations, as most capital markets conduct business electronically.
Key Points
• Capital markets refers to platforms that enable entities to sell securities to raise funds for various purposes, and where investors can buy those instruments.
• Examples of well-known capital markets include the stock market, bond market, commodities market, forex market, and more.
• Capital markets can have physical locations in financial capitals such as Tokyo, London, or New York, but most securities trading is done electronically.
• Capital markets are a critical part of the global economy, as they make it possible for money to change hands with relative ease.
• Primary markets are where securities are issued for the first time, and secondary markets are where they’re traded subsequently.
What Are Capital Markets?
Capital markets perform a key economic role. They bring together those who need to sell securities and those who wish to buy them, thereby facilitating the movement of capital around the world. Capital markets include a wide range of securities markets where funds can be traded between companies, governments, institutions, and individuals for myriad reasons (like investing online).
Established capital markets include stock and bond markets, and commodities. Capital markets and money markets are distinct, though: money markets are where short-term debt is traded. Most capital markets are located in the world’s financial centers, such as London, New York, Singapore, and Hong Kong.
What Is the Main Purpose of Capital Markets?
As noted, the main purpose of capital markets is to bring buyers and sellers together, specifically, for those who want to transact in securities markets. This means that they’re a meeting place for organizations or entities (governments, companies, etc.) that need money to get it from those who are willing to lend it or buy equity (investors).
Capital markets are important to the functioning of the broader economy.
What Are the Types of Capital Markets?
There are different types of capital markets, including broad markets: primary and secondary markets.
Primary vs Secondary Market
Capital markets are commonly divided into primary and secondary markets. The primary markets are where issuers sell “new” securities, and where investors buy them.
The other side of the capital markets are the secondary markets. This is where investors buy and sell the securities that have already been issued, often through a self-directed investing account.
Stock Market vs Bond Market
Stock markets are probably the most well-known of the capital markets. They are where companies go to acquire the capital they need to grow, and where investors go to buy stocks, and find opportunities for their capital to grow.
Bond markets operate differently. For one thing, the bond market doesn’t have a central exchange. Instead, they sell over the counter (OTC). And most of the people who trade in this OTC market are professional traders, such as pension funds, investment banks, hedge funds, and asset managers.
A bond is similar to an IOU, in that investors agree to lend capital to a government, company, or other bond issuer in exchange for regular interest payments over time, and a guarantee their principal will be repaid when the bond matures.
Stock and bond markets are one way to divide up the capital markets. But there are other securities such as convertible bonds, convertible preference shares and other alternative securities that companies sell to raise capital.
Capital Markets vs. Financial Markets vs. Money Markets
Financial markets are a broader category that include both capital markets and money markets. People sometimes use all three terms interchangeably, but there are some distinctions.
Financial Markets
Financial markets, generally, are any venue in which individuals and institutions trade any financial asset, including stocks, bonds, currencies, derivatives, commodities, and alternative investments.
Capital Markets
Capital markets specifically refer to the places where companies and other entities go to raise capital. Some distinguish capital markets as the segment where investors can invest in longer-term securities, versus the short-term instruments available through money markets.
Money Markets
Capital markets are also distinct from money markets in that the money market is where investors trade short-term debt, generally less than one year. Money markets support entities that need the return from short-term debt instruments.
The key distinction between money markets and capital markets are the types of securities traded, their risk level, and duration.
Money market instruments are generally fixed-income securities, and as such can be considered lower risk than other securities traded in the capital markets.
Real-world Examples of Capital Markets
Here are a few examples of capital markets at work in the real world.
Example 1: A Company Goes Public (IPO)
Many companies will choose to conduct an initial public offering, or IPO, in an effort to raise capital in quantities that simply aren’t available through private investors. The public capital market creates the opportunity for millions of investors to buy stakes in the company.
A company will usually consider an IPO when it has grown in size and matured as an organization. From a size perspective, one common time to consider an IPO is when a unicorn company has reached a valuation of $1 billion, though many companies go public before this point.
For many companies, the day of its IPO represents the beginning of a new stage of growth. In addition to the funds raised in an IPO, the credibility and transparency of being a publicly traded company can make it easier and less expensive to borrow money in the future.
Example 2: A City Issues Bonds for a New School
To access public funding through a bond issue, a company or another entity will start by discussing its need for capital with an investment bank or banks, which will act as the underwriter. In some cases, an entity may issue bonds directly, without using an underwriter.
If the bond issuer doesn’t have a rating from a bond-rating agency, the bank will help the borrower get in touch with the right rating agencies.
Once the terms of the bond are agreed upon, and the rating assigned to it, the bank sets up meetings with institutional investors. If they respond positively, then the bonds go to the investors who agreed to buy it over the course of the meetings leading up to the issuance date.
Example 3: Capital Markets in Real Estate
There are several ways that capital markets can serve or operate within the real estate sector. For instance, if a real estate developer needed to raise capital to fund a project, they could securitize it and sell shares, such shares of a real estate investment trust (REIT). Or, if a city needed to fund a project, they could sell shares of municipal bonds to raise the money to do it.
Further, there are financial instruments that are backed by real estate, such as mortgage-backed securities.
The Takeaway
The term capital markets encompasses the in-person and electronic exchanges where companies, governments, institutions, and other entities go to obtain capital from investors.
While the term financial markets is often used to indicate the means by which all types of securities and investment are traded, capital markets tends to refer to the platforms that facilitate the trading of equities and longer-term debt instruments.
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FAQ
What are capital markets in simple terms?
Capital markets bring together companies and other entities that need capital for various purposes, and investors who are willing to buy the securities they offer.
What is the capital market vs the stock market?
The stock market is an important subset of capital markets. It’s where companies that issue shares of their stock can find willing investors.
What is a primary market vs a secondary market?
A primary market is where securities or certain assets are issued for public sale for the first time, and a secondary market is where those securities or assets are subsequently traded or transacted.
Who are the main participants in capital markets?
Broadly, the main participants in capital markets are issuers, or those looking to sell equity or debt for funding, and investors, who are those looking to spend or lend capital in exchange for equity. Intermediaries could also be included, and those include market makers who connect issuers and investors.
Is the foreign exchange (forex) market a capital market?
Yes, the forex market could be considered a type of capital market.
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Scholarships are free money that can help fund an undergraduate or graduate degree. There are plenty of scholarships for women, including some with a purpose to encourage more females to pursue careers where they’re considered underrepresented, as well as scholarships to help them attend college.
Spending some time researching and applying for scholarships you may be eligible to receive could help you pay for college tuition. Keep reading to learn more on 12 top scholarships for women to help pay for college.
• Scholarships for women can be need-based or merit-based, with some targeting underrepresented fields like STEM, business, and aerospace.
• Examples include AAUW Selected Professions Fellowships ($20,000) and Women in Aerospace Foundation ($5,000).
• Specialized opportunities exist for groups such as Native American students (AIS Scholarship: $500-$2,000), Chicana/Latina students ($1,500), and nursing students (ANNA scholarships: $1,000–$3,000).
• Many scholarships also support women pursuing graduate degrees or career mobility, including accounting and statistics-focused awards.
• Deadlines and eligibility vary widely — early research and preparation are key, as many opportunities go unclaimed due to lack of applications.
What Types of Scholarships Are There for Women?
There are plenty of scholarships available for women, including scholarships for undergraduate students and scholarships for graduate students.
Scholarships may be need-based or merit-based awards. Each one will have specific qualifying and application requirements. Scholarships, essentially, can be like finding free money for college.
Some scholarships may also be location-based, such as those for residents of certain states or for specific schools. There are even some unclaimed scholarships you may be eligible for.
You can use SoFi’s scholarship finder to find and apply for scholarships you qualify for.
💡 Quick Tip: Fund your education with a competitive-rate, no-fees-required SoFi private student loan that covers up to 100% of school-certified costs.
Need-Based vs. Merit-Based Scholarships
Need-based scholarships for women are awarded primarily based on financial need. They’re designed to support applicants whose household income, life circumstances, or financial barriers make paying for education challenging. These scholarships often require documents like tax returns or FAFSA information to show that the applicant genuinely needs financial assistance to pursue her goals.
Merit-based scholarships, on the other hand, focus on achievements rather than financial background. They reward academic excellence, leadership, community involvement, or exceptional talent in areas such as STEM, arts, or athletics. Rather than evaluating income, these scholarships assess accomplishments, grades, or demonstrated potential, making them accessible to women who have excelled in their chosen paths.
Scholarships for Women Returning to School
Scholarships for women returning to school are a type of scholarship designed to help ease the financial burden many face when re-entering higher education after time away. These awards recognize that women often step out of school for reasons like caregiving, career shifts, or financial challenges, and they aim to make the transition back more accessible and affordable. Many of these scholarships consider factors such as financial need, life circumstances, or the desire to advance in a new career path.
Three examples of scholarships for women returning to school include P.E.O. Program for Continuing Education (PCE), Society of Women Engineers (SWE) Reentry Scholarships, and the Jeannette Rankin Foundation Scholarship.
Are There Scholarships for Women in STEM?
There are many scholarships for women who are pursuing careers in science, technology, engineering, and math (STEM). According to the U.S. Equal Employment Opportunity Commission, 29% of all STEM workers are women, with math, engineering, and computer-related jobs being the least represented.
Government organizations, industry associations, and even technology companies offer industry-specific scholarships (we’ll talk more about some of them below). For instance, companies like Google or associations such as the Society for Women Engineers (SWE) offer scholarships for women.
STEM scholarships commonly support fields that drive innovation and require strong technical skills, such as engineering, computer science, and the physical and biological sciences. Many programs also fund studies in mathematics, technology, and emerging areas like cybersecurity, data science, and renewable energy. These fields are often prioritized because they face workforce shortages and play a critical role in economic growth and scientific advancement.
Organizations That Support Women in STEM
Many organizations exist to support women pursuing careers in STEM by providing scholarships, mentorship, networking opportunities, and professional development. Five specific organizations include:
• Society of Women Engineers (SWE): Provides scholarships, networking, mentorship, and professional development to women in engineering and technology.
• AnitaB.org: Focuses on advancing women in computing through conferences (like the Grace Hopper Celebration), research, and organizational programs.
• Association for Women in Science (AWIS): Advocates for women across all STEM disciplines by offering mentorship, career resources, and policy engagement.
• National Center for Women & Information Technology (NCWIT): Works to increase women’s participation in computing through education programs, research, and community-building initiatives.
• Girls Who Code: Offers after-school clubs, summer programs, and resources to close the gender gap in technology by equipping young women with coding skills.
Below are 12 scholarships available to women that could help you avoid taking on too much student loan debt:
Pepperdine Legacy Partners (PLP) Helen Young Scholarship
Scholarship amount: $5,000
Application deadline: February 15
The Pepperdine Legacy Partners (PLP) Helen Young Scholarship is formerly known as the Associated Women for Pepperdine (AWP) Scholarship. It is one of the largest women’s groups awarding scholarships for female Christian students (though, men can receive this scholarship, too). There are several awards up for grabs, and scholarships can be renewed.
To qualify, applicants need to be students at Pepperdine University, current and active members of the Church of Christ, submit a letter of recommendation from a leader of the Church of Christ, and fill out the Free Application for Federal Student Aid (FAFSA®) application.
Gertrude M. Cox Scholarship
Scholarship amount: $1,000
Application deadline: March 1
The Cox Scholarship aims to encourage women to pursue professions related to the statistics field. There are two scholarships, one for a female early on in their graduate career, and the other for a woman at a more advanced level. Applicants need to be permanent residents or citizens in the U.S. or Canada and be admitted to a full-time graduate statistics program of the year the scholarship is awarded.
Jeannette Rankin Women’s Scholarship Fund
Scholarship amount: Up to $2,500
Application deadline: February 13
This scholarship is for women age 35 or older who are considered low-income and enrolling into a not-for-profit accredited educational institution. Women can pursue an associate’s or bachelor’s degree, or technical or vocational education. To apply, applicants need to demonstrate financial need and answer questions based on their academic and career goals.
American Association of University Women (AAUW) Selected Professions Fellowships
Scholarship amount: $20,000
Application deadline: October
The AAUW awards multiple scholarships, and the Selected Professions Fellowships is one of them.
Women may apply if they intend on pursuing full-time studies at an accredited U.S. institution in a field where women have had historically low enrollment. For instance, scholarships are awarded for women pursuing degrees in STEM and engineering.
Eligibility criteria include women who can prove they have shown promise of high academic excellence and distinction.
Application deadline: July 1 to November 1 (depending on when the applicant’s classes start)
The AIS Scholarship aims to help Native American students enrolling in an accredited institution pursue higher education. Awards are given on a quarterly basis, though you’ll only need to apply once per year.
Eligibility requirements include being at least one-quarter of an enrolled member, or descendant of an enrolled member of a U.S. Federally Recognized Native American Tribe, enrolled at least half-time, and completed the FAFSA. This award is currently only available to undergraduate students.
Educational Foundation for Women in Accounting Scholarships
Scholarship amount: $1,500-$5,000
Application deadline: Varies (most end April 30)
The Educational Foundation for Women in Accounting offers multiple scholarship opportunities for women pursuing undergraduate, graduate, or postgraduate degrees in accounting. Applicants may apply to more than one scholarship excluding the Women in Transition and Women in Need awards, of which students can only apply to one.
Eligibility criteria varies, though most will require applicants to provide transcripts, demonstrate financial need, and prove they’re committed to working in the accounting field.
Patsy Takemoto Mink Education Foundation Scholarship
Scholarship amount: $5,000
Application deadline: New information released May 2026
The Patsy Takemoto Mink Education Foundation Scholarship provides financial support to low-income women of color who are pursuing education or vocational training to improve their career prospects. Named after Congresswoman Patsy Takemoto Mink, the scholarship aims to help women overcome economic barriers and gain skills for long-term self-sufficiency.
Applicants must demonstrate financial need, academic potential, and a commitment to completing their educational or training programs, making it an important resource for women seeking to advance their careers and achieve personal and professional growth.
American Nephrology Nurses Association Career Mobility Scholarships
Scholarship amount: $1,000 to $3,000
Application deadline: November
The American Nephrology Nurses Association, or ANNA, offers Career Mobility Scholarships ranging from $1,000 to $3,000 designed to support qualifying members who are pursuing an advanced or BSN degree in nursing. Qualifying criteria includes being a current full ANNA member for at least one year, enrolled or accepted into a qualifying nursing program, and a 250-word essay outlining the potential impact of the scholarship.
Chicana Latina Foundation Scholarships
Scholarship amount: $1,500
Application deadline: Next application cycle will open on January 1
Self-identifying Chicana or Latina college students living in qualifying California counties can apply for a $1,500 scholarship. They need to be students attending an accredited community college, college, or university full-time and meet certain academic requirements. Plus, they’ll need to attend the Chicana Latina Foundation (CLF) Leadership Institute and CLF Annual Awards Dinner if selected for a scholarship.
To apply for this scholarship, applicants will be required to submit one letter of recommendation from a counselor/professor or community member.
Undergraduate students need to submit unofficial or official transcripts from their current degrees and one letter of recommendation. Graduate students will also need to submit a resume or CV in addition to providing a transcript and letter of recommendation.
💡 Quick Tip: Master’s degree or graduate certificate? Private or federal student loans can smooth the path to either goal.
The Women In Aerospace Foundation Scholarship
Scholarship amount: $5,000
Application deadline: June
The Women In Aerospace Foundation aims to promote careers in the aerospace field — this scholarship program is one of the ways it does so. The organization awards four $5,000 awards to women who are rising juniors and seniors working for a bachelor’s degree in engineering, math, or science.
To qualify, applicants need to be currently enrolled in an accredited U.S. college or university, plan to enroll the next academic year, and complete a minimum of 2.5 academic years of full-time college. Applicants also need to have a minimum of a 3.0 GPA.
P.E.O. Program for Continuing Education
Scholarship amount: Up to $4,000
Application deadline: 30 days from when a local P.E.O. chapter recommends you
The P.E.O. Program for Continuing Education (PCE) is a need-based grant up to $4,000 to support women in the U.S. and Canada whose education has been interrupted and who wish to return to school to complete a degree or certification that will improve their employability.
To be eligible, women must be recommended by a local P.E.O. chapter, be U.S. or Canadian citizens or permanent residents, have had at least 24 consecutive months as a non-student, and be enrolled in an accredited program that leads to employment or advancement. They must also be within 18 consecutive months of completing their program, and they cannot already hold a master’s degree or be enrolled in a doctoral program.
Application deadline: Emerging First Year Scholars – February 2, 2026; Collegiate/Graduate Scholars – March 31, 2026; India Scholars – March 31, 2026
The Society of Women Engineers (SWE) Scholarship program offers robust financial support to women pursuing undergraduate or graduate degrees in engineering, engineering technology, or computing at ABET-accredited schools. Award amounts typically range from $1,000 to $5,000, though some awards may be higher depending on donor funding.
To apply, candidates submit an application with their transcripts, a personal essay, and a letter of recommendation. One application allows you to apply for all scholarships you’re eligible for, including Emerging First Year Scholars, Collegiate/Graduate Scholars, and India Scholars.
The Takeaway
Applying for one of the many scholarships for women can be a smart tactic if you’re trying to figure out how to pay for your college education. In addition to the scholarships listed here, there are a variety of other opportunities — many scholarships go unclaimed because they don’t receive enough applications. It doesn’t hurt to submit an application since the worst they’ll say is “no,” and the benefits are well worth it.
There are other ways to help cover the cost of college as well, and you’ll likely want to explore your options to see what makes the most sense for your situation.
If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.
Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.
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FAQ
Are there scholarships specifically for women over 30?
Yes, there are scholarships specifically for women over 30. Organizations like the American Association of University Women (AAUW) and the Jeannette Rankin Foundation (JRF) offer financial aid to support women returning to education or pursuing career advancement. Check their websites for eligibility and application details.
Can women in trade schools apply for scholarships?
Yes. Women in trade schools can apply for many scholarships specifically created to support women pursuing skilled trades. These scholarships are offered by trade associations, nonprofits, unions, and private organizations to help cover tuition, tools, exams, and training costs, encouraging more women to enter high-demand technical fields.
Are there scholarships for women of color?
Yes, there are scholarships for women of color. Organizations like the United Negro College Fund, Hispanic Scholarship Fund, and Asian & Pacific Islander American Scholarship Fund offer financial aid to support diverse students. Additionally, many universities and professional groups have specific programs for women of color.
How competitive are scholarships for women in STEM fields?
Scholarships for women in STEM fields are highly competitive due to the growing emphasis on diversity and inclusion. Many organizations, such as the Society of Women Engineers and the National Science Foundation, offer these scholarships, but the number of applicants often exceeds the available awards. Strong academic performance, relevant experience, and compelling essays are crucial.
What documents are typically required to apply for women’s scholarships?
Most women’s scholarship applications require proof of identity, transcripts, letters of recommendation, and a personal essay. Many also ask for financial information, a resume, and documentation showing eligibility, such as enrollment verification, income details, or proof of belonging to a specific group, field, or demographic the scholarship supports.
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Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).
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SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
Third Party Trademarks: Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®
