We're Number 2!
U.S. News & World Report's 2016 best law schools ranking is out, and again Yale, Harvard, and Stanford take the top three spots. Delece Smith-Barrow's "Infographic: 2016 Best Law Schools Check out which schools award the highest grants to students and cost the most to attend" contains some key metrics:
- Law schools now cost up to $60,000 per year. Ouch.
- Only 36 law schools have grads with median starting salaries over $100,000. The median starting salary for most schools is between $50,000 and $75,000.
The key lesson: before you spend $180,000 on a law degree, be sure it makes economic sense. If you're counting on a $100,000 job as a first year associate to help pay off your student debt, then you'll need to graduate from one of the few schools where that's a reasonable expectation.