🚀 How much would I save by choosing a lower ranked law school with a scholarship over a prestigious one?
🎓 Law School Decision
Thinking of going to law school? Before you take on six figures in student loans, you have to treat this as an investment and run the numbers on your debt to salary ratio. This calculator helps you map out exactly how much you are borrowing versus your realistic early career salary. See exactly how much you could save by choosing a lower ranked school with a scholarship over a prestigious one.
🏛️ Tuition & Costs
As Stephanie puts it, the average private law school here in the us will cost you 60 dollars a year sixty thousand times three that is a hundred and eighty thousand dollars and this is just tuition this is not covering your room and board.
Your state schools are going to run you between 35 and 40 000 a year so although that is less it is not significantly less. However, ignoring a 75% scholarship for the sake of prestige can be a costly mistake.
⚖️ Career & Lifestyle
As Stephanie notes, the average attorney salary in the u.s is a hundred and twenty thousand dollars okay that sounds great but again that is the average that is skewing 20 year attorneys 40 year attorneys and then fresh out of law school.
Furthermore, you have to realize your hourly rate is going to be diluted. Most attorneys on average work between 50 to 60 hours a week and that is light. If you are on salary, there is no overtime.
🔗 See Also
Based on content by Stephanie on Allegedly Stephanie (YouTube).
Original: Is Law School Worth It?
📊 Results
Prestigious Debt
State School Debt
True Hourly Wage
Total Savings
The Verdict
Take Scholarship
Calculator updated by heyfinfam (v26.7.0) · View history
Privacy: None of your data is transmitted to the author of this view or any other third parties. Financial inputs are never used to identify you; they're only used to calculate results.
Disclaimer: This content and any calculations provided are for informational purposes only. The views, calculations, and methodologies expressed are those of the author and do not necessarily reflect those of this platform. Not financial advice. Users are solely responsible for any decisions made based on this information.
See more views
Based on "Is Optometry School Worth It???" by Goal Digger. Is a high-debt professional degree worth it?
How much could I save attending a private university instead of an in state public school after financial aid?
Based on "Public vs Private University: the TRUTH about tuition" by The Almost Astrophysicist. Public vs Private University
Compares prepaying federal student loans against investing the same money, factoring in your loan rate, expected market return, and whether you're on track for loan forgiveness.