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
Medicare Part B Premiums Are Seen To Rise As Social Security Inflation Shrinks
This year, there is a huge hike in the cost of Medicare premiums. Centers for Medicare and Medicaid Services (CMS) disclosed...March 6, 2020
If You’re Planning to Retire Abroad, You Should Remember THESE Things
Over 10,000 Americans retire daily, and as baby boomers age, this trend is expected to continue for a long time. However,...March 6, 2020
Kathy Griffin Followed a Few Smart Moves to Become a Self-made Millionaire
Kathleen Mary Griffin, an A-listed actress and comedian has entertained generations of TV audiences, for decades. Her humorous acting has generated...March 5, 2020
‘Seinfeld’ Ended 17 Years Ago, but the Popular TV Show is Still Raking in Money
Seinfeld, the American sitcom, which Larry David and Jerry Seinfeld co-wrote and produced, was about ‘nothing’, with Jerry playing himself in a...March 4, 2020
This Victorian-Style Home in the Bay Area Cost Julia Roberts $8.3 Million
Pretty Woman star Julia Roberts is no stranger to the real estate scene in California. Aside from the two properties in...March 3, 2020
Tiffany Haddish’s Enduring Battle for Survival is all the Motivation We Needed
Most fans are so engrossed in the tangled glamorous lives of their favourite celebrities that they forget that some of them...March 3, 2020
After Nasty Legal Battle, Justin Theroux’s Neighbor and Lawyer Call Him a “Mob Leader”
Justin Theroux’s lawsuit (earlier involving ex-wife Friends actress Jennifer Aniston), against a neighbor in his co-op building in Greenwich Village has evolved as...March 2, 2020
Air Drake – The 767 Plane Drake Converted into a Flying Oasis Worth $185 Million!
Millionaire musicians aren’t supposed to just fly commercial and looks like Canadian singer and Rapper Drake takes this to heart, because...February 28, 2020
Ready to Buy Your First Luxury Car? Here are a Few Things You Must Keep in Mind before You Do
A luxury car does a lot for you, instantly makes you look better, boosts your self-confidence, and turns you into a...February 27, 2020