Innovative Legal Ed Finance Model
In furtherance of its comprehensive financial aid strategy, Stanford Law School will fund the third cohort of Flywheel Fellows, composed of 10 SLS students from the class of 2026. The Flywheel Fund for Career Choice is a nonprofit, pilot project created by alumni from Stanford Law School and Harvard Law School to encourage more graduates of leading law and professional schools to pursue public service careers by reducing the impact of law school debt on their career decisions.
This new approach to funding higher education involves upfront investments in students, through Income Share Loans (ISLs), up to $170,000 for tuition and expenses per student. The goal of the program is to link repayment to future income and recycle funds to finance the education of future cohorts.
SLS has collaborated with Flywheel since 2022, with Flywheel funding the first two cohorts of students in the program. Currently, 30 SLS students are enrolled in the program, spread across the ’24, ’25, and ’26 classes. This is the first year SLS is funding a cohort of fellows, given the increasing interest from students and the promise of the pilot. SL