Law Schools That You Should Avoid Enrolling In
As you think about your goal of becoming a good lawyer and earning a decent wage, there is one vital decision that you have to make: choosing a law school. It does cost quite a penny, and the good news is that loans are readily available to students in need of financial support. However, we must learn to differentiate the ones that seem like a fair bargain and the ones that will straight-up end you in deep debt.
Knowing one from the other is not that easy, but it is very important that you make an informed decision because it is not only money that will be put to waste, but time and effort that you could have spent on a better place.
The Department of Education presented a report on the indebtedness of law school graduates, and they have identified several schools that might not sound like a good idea. But there is one thing they were definitely sure about: Florida Coastal is a bad school.
Four other schools have made it to the shortlist: Whittier, Charlotte, Southwestern, and Thomas Jefferson School of Law. But with the first two already closed down, and the last one recently losing its accreditation, it certainly brings down the danger of students being stuck in the wrong school.
The average debt of students in Florida Coastal is a massive $198,655. And with the average annual salary of graduates in the school at $35,300, it definitely seems like these students are being set up for failure.
Compared to Columbia that leaves students with an average loan of $198,655, but with graduates having an average of $180,300 salary every year, the latter doesn’t seem so bad. It might not leave you with much, but at least it won’t lead you to almost a lifetime of debt.
It might seem like a pretty good deal when a school offers a loan that covers almost all of your expenses. But that will only work if you manage to land a good job in the future and you’re able to pay it off. However, if you fail to accomplish that, you will end up investing all your time and effort in a career that didn’t take off and left you a massive debt.
It’s not wrong to chase after your dreams, especially if being a lawyer is something you are really passionate about. But it’s best to make wiser decisions early on so you don’t find yourself knee-deep in problems before you even started your career. Your foundation is very important, so carefully assess your options on what school to go because it will have an impact on your future.
More in Debt
Let The Property Brothers Give You the Best House-Buying Tips Ever
HGTV’s infotainment reality show The Property Brothers, which is hosted by twins Jonathan and Drew Scott, offer expertise on buying new houses,...January 13, 2021
Kim Kardashian Fans Reveal the One Inspiring Quality that Made Them Admire Her Despite Her Past
Kim Kardashian has earned her fair share of haters and critics over the years. Fortunately, they’re balanced out by the many...January 12, 2021
Outrageously Expensive and ‘Extra’ Gifts Celebs Have Given Their Kids
Kids rarely remember the mountain of gifts introducing them to Santa, or when we tried to get them to blow out...January 11, 2021
Chrissy Teigen Talks about How She Teaches Her Kids to ‘Give Back’
Chrissy Teigen is very active on social media, which makes her an easy target for detractors, especially the ones who question her parenting...January 8, 2021
Super-Rich People Spend Money In Ways That Us Plebs Cannot Comprehend – II
The super-rich and their silly spends, never fail to amaze us: Submarine sports car to avoid traffic cops underwater If bored...January 7, 2021
Six Tell-Tale Signs that You’re Spending More Money than You Can Afford
The secret to growing wealth over time is living below your means. This simply means that you need your spending to...January 6, 2021
These Historical Tours Broke All Records and Made Millions
The lives of musicians today are vastly different from before, due to the proliferation of streaming platforms and social media access....January 5, 2021
Super-Rich People Spend Money In Ways That Us Plebs Cannot Comprehend – I
We know the Lannisters pay their debts and Uncle Scrooge enjoys diving into his ocean of money. But how do super-...January 4, 2021
All Those Paris Hilton Scandals Make Her Family Reconsider Her Inheritence
The media personality’s antics, that Paris Hilton was up to ages ago to come into the limelight, have had a huge...January 1, 2021