The 1L Learning Path
An introduction to MAX by AccessLex, including information on navigating the site, profile creation, and the incentive program.
1L - Fall
Focus: Financial information to help first-year law students develop sound financial habits that will enable them to stay on budget, keep to their financial plan and live within their means
- Understanding Your Financial Personality
Learning Objective: Understand the influences of emotions, external factors, demographics, lifestyle, past experiences and life milestones of financial choices.
- Setting Your Financial Goals
Learning Objective: Create, prioritize, and evaluate short-, medium-, and long-term financial goals.
- Developing a Personal Spending Plan
Learning Objective: Apply a systematic approach to financial decision making to develop a personal spending plan consistent with financial goals.
(Includes Bar Exam Savings Challenge)
- Understanding the Power of Interest
Learning Objective: Understand how compound interest can help you build wealth - or amass debt.
(Includes 120-day Student Loan Return Challenge)
1L - Spring
Focus: Financial information that helps second-semester law students understand credit and the importance of credit in their law school and professional journeys, along with support to 'stay on track' and modify financial plans and personal goals
- Keeping Your Budget on Track
Learning Objective: Incorporate tactics for keeping to a spending plan.
- Monitoring Your Credit
Learning Objective: Assess creditworthiness, and identify how it can impact financial goals and well-being.
(Includes Credit Score Improvement Challenge)
- Using Credit
Learning Objectives: Analyze the costs and benefits of various credit options, and apply credit-building strategies to a financial plan.
- Reworking Your Spending Plan
Learning Objectives: Evaluate true spending and compare with a spending plan. Make adjustments based on actual data and prepare for the summer ahead.
1L to 2L - Summer
Focus: Financial information to prepare law students for their second year. Students review and finalize financial plans and personal goals for year two, including identifying income opportunities. Students will also review the foundational information from the 1L Learning Path in the context of the financial needs of a 1L - 2L summer law student
- The Sunk Cost Fallacy
Learning Objective: Understand the concept of sunk costs (whether financial, time or relationship) and the danger of the sunk cost fallacy.
- Financial Accounts and Services
Learning Objective: Identify needed financial accounts and services.
- Account Management Best Practices
Learning Objective: Evaluate current account management practices and how to implement best practice procedures for a successful financial life.
- Resources from MAX by AccessLex
Learning Objective: Examine AccessLex MAX resources that can assist with financial goals for the 2L year.