Law school, a ticket to economic security? Better run the numbers

, The National Law Journal

   | 2 Comments

You've graduated from law school. You've landed a job as an attorney. Now you want to buy a house and cement your status in the professional class. But can you afford it? Probably not — unless you can count on earning three times your annual tuition.

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What's being said

  • I went to law school 1980-1985 at night at University of Houston when/where the total tuition and books per semester was $350 at the start, and about $625 at the end. So, it was free to a young CPA who would have spent that on beer and entertainment if not attending night law school. Student loans and universities have inflated the cost more than 10X since, which is about 3X background inflation. This is no accident.. %0AWhen I graduated and passed the bar, my first year legal fees were 100X annual tuition. The picture has changed.

  • Nancy Glazer

    Dean Chen,%0AThank you for researching and writing this piece. Law students must know the field before they jump in the game!%0AOther practitioners in other industries know exactly what they will be making post schooling and what their loans will be in real dollars. We need to have some serious conversations in the legal industry about what school-to-work paradigms we want to follow so that our recent grads can live stress-free.%0AThank you for your efforts.

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