Recently, a friend of mine announced she would be quitting her job to go to law school. She is a single mom and already holds a bachelor’s degree, but she felt that a law degree would lead to a better paying position and more financial freedom. I have toyed with the idea of a law degree myself because I love the challenge of solving legal questions. Cases are like puzzles, searching for those missing pieces that make the ‘big picture’ come into focus. And, as my mother always reminded me, I love to argue. However, after doing some research, I think the true cost of a law degree might just outweigh the benefits, at least for me.
Cost – If you plan to attend a top tier law school, expect the price tag to be about $150,000. This does not include the cost of your bachelor’s degree, room and board, or other essentials; it’s strictly the tuition for three years. Even an average law school can run you about $40,000 a year. Read the rest of this entry »
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