The 3L Learning Path

3L – Fall

Focus: As third-year law students begin to prepare for financial life after law school, they’ll learn how to assess their personal risk (and why that’s important). MAX will demystify investing, exploring why it is important, how it works, different investment options, and the process to do it successfully.

Learning Modules:

  • Personal Risk Assessment
    Learning Objective: Identify your tolerance for assuming risk and how it impacts your investment strategies.
  • An Introduction to Investment Goals
    Learning Objective: Discover why investing is important, what influences investing, and how SMART goals can be used in the investing process.
  • Evaluating Investment Options
    Learning Objective: Compare various investment options and determine which options meet your financial goals.
  • The Investment Process
    Learning Objective: Understand the nuts and bolts of investing, including how to build a portfolio and the importance of rebalancing.

 

3L – Spring

Focus: Learning about insurance, retirement and estate planning will enable students to make effective and informed decisions about these topics as they enter the next phase of their lives. These lessons provide foundational knowledge for students to plan ahead and set successful financial strategies after they graduate.

Learning Modules:

  • Covering Risk with Insurance
    Learning Objective: Assess your personal insurance needs, and identify appropriate insurance products to mitigate your risk.
  • Retirement and Estate Planning
    Learning Objective: Analyze and plan for retirement needs.
  • Student Loan Repayment
    Learning Objective: Understand how to manage federal and private student loan debt; this includes a review of all available repayment, deferment, forbearance, and forgiveness options.
  • Financial Planning for Graduation and Beyond
    Learning Objective: Explore how the financial skills learned so far come together in an overall financial plan for your future – and how that plan will shift over time. Understand the roles of financial experts (AFCs, CPAs, financial planners, etc.) when you may want to employ them, and how to select professionals that will best meet your goals.