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
Celebrity Parents Are at Their Wits End as They Home-school their Kids
Celebrity parents are home-schooling and hitting the books during the coronavirus pandemic. Eva Amurri, actress taught daughter, Marlowe, 5 before giving...December 22, 2020
Sheer Hard Work and Talent Got These Top YouTubers International Fame
Till 2005 we were blissfully ignorant about its existence but Youtube has now taken over our minds. It’s our “go-to” website...December 21, 2020
Black Credit Cards are a Sign That You’ve Made It Big. Here’s Why You Need to Be Careful with It
Flaunting their Chanel handbags, Prada wardrobes and brand new Porsches, celebrities roll out in style. Every celebrity shows off the prestigious...December 18, 2020
These Amazing Hollywood Actors got Paid Peanuts for Their Best Roles Yet
The salaries that Hollywood actors take home are usually lucrative and are estimated in multiple millions of dollars for just one...December 17, 2020
Heading to NYC? Why Not Stay at The Best of the Best?
We know that you’re just itching for that next vacation or staycation at the earliest possible date. If you’re heading to...December 16, 2020
Shocking and Unexpected Celebrity Weddings that Were Kept Secret!
Some celebrity couples share details about the wedding before the big day and after tying the knot while others keep news...December 15, 2020
$9 Million is What Justin Bieber and Hailey Baldwin are asking for Their Beverly Hills Mansion as They Move to a More Expensive Home
The pair appears to be keen on selling their home after spending $26 million on another massive home. After having sized...December 14, 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...December 11, 2020
Miss your Pet When Traveling? Book These Hotels if You Want a Furry or Feathered Friend Welcoming You at the Lobby
Do you miss your pet, having left him/her behind when traveling? At some hotels, you get your “I-really-miss-my-pet” fix, all thanks...December 9, 2020