While it is well-known that most law school graduates will earn a large paycheck, a new study explores whether the amount of debt accrued makes the degree worth it, ranking law schools based on the amount their graduates earn after subtracting the average amount spent on loan repayment.
For all law school graduates, median earnings four years after graduation are around $88,800, but after factoring in student debt, median earnings drop to $72,000, according to the report, released Tuesday by the Georgetown University Center on Education and the Workforce (CEW). On average, tuition and fees ranged from $38,100 to more than $70,000 from 2020 to 2021, with law school graduates accumulating $118,500 in debt at the median while obtaining their J.D., the report states.
