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
Want a Celebrity Endorsor to Boost Your Brand’s Value? Here are Things You Need to Consider First
To get a new company off the ground, the idea of getting a celebrity endorsement for your product or service can...June 23, 2020
The Fascinating World of Celebrity Money Handlers
Oprah has not been inside a bank in 29 years. Ellen DeGeneres doesn’t know her ATM pin. Serena Williams tried to...June 22, 2020
How to Be Financially Prepared Amid the Coronavirus Pandemic
The spreading of the coronavirus grows by the day, and not only does this pose a threat to people’s health, but...June 21, 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...June 19, 2020
These are the Best Asian Cities to Nurture Startups
Asia is now home to very innovative and valuable technology start-ups as several investors pour capital into Asian cities with entrepreneurs...June 17, 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...June 16, 2020
This is What Americans are Stocking Up for the Lock Down
Food, toilet paper, beer, baked beans, healthcare, and wine have snapped up by Americans for lock down purposes. Consumer spending, which...June 15, 2020
Inside Hyper-Organized Celeb Pantries That Fuels Our OCD
From kitchens to pantries to bathrooms and refrigerators, systematic make-overs are bringing in order into chaotic life-styles. Hope exists for the...June 12, 2020
We Can’t Believe Tom Cruise Said ‘No’ to These Movies!
Tom Cruise is easily a great actor and talents in Hollywood from the number of films he had starred in. From...June 11, 2020