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Reply to "Is law school worth it nowadays?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm not sure if it is now. I graduated UVA back in '09 and tuition then was like $33K per year. It's up to $56K now and it will probably increase while one is enrolled. Say average tuition is $60K per year x 3 years = $180K plus living expenses of let's say $10K per year (rent, utilities, food, etc.) = $210K total cost of attendance. I took a quick look and NYU is similar ($59K / year) and UPenn is also $59K per year. That's a fuck ton of loans that will accrue interest during school at approximately 6%. [/quote] The estimated expenses inc tuition fees and room and Board is $92k per the upenn website. https://www.law.upenn.edu/admissions/grad/tuition-fees.php[/quote] PP here and my understanding is that the schools game the total cost of attendance numbers somewhat to increase the amount that students are allowed to borrow so I think it's better to start with tuition and then consider what your actual living expenses would look like. UPenn's budget, for example, seems to include an LLM summer program fee of $2,700 which most law students probably won't be paying. Either way, it's still ton of money these new lawyers will have to pay back.[/quote]
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