In The Future, Law School Tuition Will Be Absolutely Terrifying
If most law school grads are shouting “Jobs, jobs, jobs,” you can bet they’re thinking “Debt, debt, debt.”
And it’ll only get worse in the coming years.
That’s the conclusion of Matt Leichter at Law School Tuition Bubble, a website devoted to reforming student debt. A licensed attorney who earned his law degree from Marquette University, Leichter recently projected law school tuition increases for 2017 and 2022. And it wasn’t pretty. Based on Leichter’s model, here are the schools with the ten highest annual tuitions by the 2022-2023 school year:
In the schools below, tuition grows between 27 and 29 percent over ten years, adding another $20,000 or more to student debt load annually. As Above The Law points out, Leichter’s forecast only reflects tuition. It does not include rent, insurance, transportation, books, clothing, and food, which could raise total annual cost up to $100,000. Talk about a Halloween scare for those 8th graders who’ll be entering law school in 2022!
|#||SCHOOL||TUITION: 2012-2013||TUITION: 2017-2018||TUITION: 2022-2023|
|1.||Cornell Law School (NY)||55,301||66,744||78,188|
|2.||Columbia University (NY)||55,488||65,840||76,191|
|3.||Yale Law School (CT)||53,600||63,850||74,100|
|4.||Northwestern University (IL)||53,468||63,706||73,943|
|5.||University of Pennsylvania (PA)||53,138||63,164||73,190|
|6.||University of Southern California (CA)||52,598||62,616||72,633|
|7.||Baylor University (TX)||46,420||59,295||72,169|
|8.||Duke University (NC)||51,662||61,492||71,323|
|9.||Harvard Law School (MA)||50,880||60,560||70,241|
|10.||Yeshiva University (NY)||50,046||59,984||69,923|
To learn about Leichter’s methodology and see his projections for 117 law schools, click on the Law School Tuition Bubble link below.