It’s no secret that law school can be heartbreakingly expensive. Read on to find out the typical breakdown of law school costs and what you can do to reduce those costs.
Law School Cost: Tuition and Fees
The most obvious components of law school cost are the tuition and fees that you have to pay to your law school. Lucky for us, the American Bar Association keeps great statistics on the current tuition at all ABA-accredited law schools. Most full-time law school programs last three years and the average annual private law school tuition is $41,985, so tuition and fees will cost you (on average) nearly $130,000. (However, top law schools such as Harvard, Stanford, and Yale will cost you nearly $160,000). Public schools will cost you substantially less. Average annual public law school tuition for residents is $23,879 and $36,859 for non-residents.
Law School Cost: Books and Living Expenses
Unfortunately, tuition is not the only thing you will have to pay for in law school. You will also need books to study and a place to live. The ABA estimates that the average books and living expenses for a single student living on campus is just above $15,000 per year. Of course, you also have to eat and entertain yourself during your non-studying hours.
Law School Cost: How to Reduce it
However you choose to pay for law school, just make sure you go in with your eyes wide open. Make sure you look at the entire financial package for any law school you are considering so you aren’t surprised when you get your bill or see your student loan payment requirements after graduation.