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ATL: The Worst Law Schools If You Ever Want To Pay Off Your Student Loans

The Worst Law Schools If You Ever Want To Pay Off Your Stude aknas02/05/18
I don’t know about these stats it’s saying that the wors t3success02/05/18
That also struck me as odd. I suppose a STEM applicant woul aknas02/06/18
The second comment at the sofi blog took them to task for th inho2solo02/06/18
Yes, as bad as those figures are, the reality is much worse. 6figuremistake02/06/18
I know of a JD who chose to stay at Publix grocery stores. trijocker02/06/18
aknas (Feb 5, 2018 - 7:33 pm)

The Worst Law Schools If You Ever Want To Pay Off Your Student Loans


Beware: Pricey programs with little ROI

You’ll want to steer clear of the law school programs on our list with a 0.6 or lower salary-to-debt ratio. That means graduates of these programs are burdened with approximately 1.5 times more debt than their annual salary.

Florida Coastal School of Law, which ranks dead last on SoFi’s list, accepts 72% of its applicants, including those with some of the lowest LSAT scores Opens a New Window. —below 148. Despite very large class sizes and a high student-to-faculty ratio, the school charges $44,000 a year in tuition Opens a New Window. , which is comparable to costs at some of the top 20 law schools. Graduates of Florida Coastal School of Law carry an average of nearly $160,000 in student loan debt and typically earn under $85,000 annually.

In 2014, less than a quarter of graduates were employed upon graduation Opens a New Window. from Texas A&M University. Those who did find a job in the private sector earned just $60,000 a year, compared to the national average of $106,000 earned by lawyers working at private firms. The school ranks No. 111 in U.S. News and World Report’s Best Law Schools, and is at the bottom of our list of schools that offer a good value.

Small schools, such as the Appalachian School of Law in Virginia, which hasn’t been around as long as other law schools and is experiencing an ever-shrinking admitting class Opens a New Window. , is among the worst law school programs on our list. Graduates of Appalachian earn $84,000 on average, but shoulder nearly $145,000 in student loans.

Law school is a huge investment of both time and money. And because there’s a good chance that a large portion of your paycheck in the years immediately following graduation will go toward paying down student loans,


https://www.sofi.com/blog/sofi-2017-law-school-rankings/


In other words, to have a small fortune, you should have a large fortune and then go to law school......

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t3success (Feb 5, 2018 - 8:18 pm)

I don’t know about these stats it’s saying that the worst law schools have average salaries over 80-90k


No they don’t

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aknas (Feb 6, 2018 - 5:29 am)

That also struck me as odd. I suppose a STEM applicant would consider that the Sofi sample is not a scientifically extrapolated sample.

Law applicants just consider prestige and know that doctors and lawyers are rich.

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inho2solo (Feb 6, 2018 - 7:34 am)

The second comment at the sofi blog took them to task for that, said he was going to use their article as an example of selection bias for a class he teaches.

To me it looks like they just grabbed the median reported law firm salary for a school and pretended that was a good salary number for all graduates of that school.

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6figuremistake (Feb 6, 2018 - 8:05 am)

Yes, as bad as those figures are, the reality is much worse. Incomes are nowhere near that high - even at "better" schools and debt loads can be much higher. What SOFI condemns the bottom tier schools for is actually the reality at most schools. For those at Florida Coastal, etc. its more like six figures of debt and a job at Whole Foods.

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trijocker (Feb 6, 2018 - 8:56 am)

I know of a JD who chose to stay at Publix grocery stores.
He said he made more in grocery management than lawyering.
Perhaps we will see this as a trend, that a law degree becomes as hireable as an MFA in art.

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