Many law students face significant debt burdens but mistakenly believe they'll earn enough to repay quickly due to high starting salaries in some firms. However, only a small percentage of graduates secure these high-paying positions, leaving many struggling with debt. To manage this issue, prospective students should choose a law school that offers a favorable salary-to-debt ratio. Some schools provide high median starting salaries relative to their average debt, making them financially advantageous choices for graduates.
Southern Methodist University’s Dedman School of Law has a salary-to-debt ratio of 2.92-to-1 with a starting median private salary of $150,000 and average debt of $51,451.
Brigham Young University’s J. Reuben Clark Law School offers a 2.56-to-1 salary-to-debt ratio. Graduates earn a starting median salary of $140,000 with an average debt of $54,678.
The University of Alabama School of Law has a salary-to-debt ratio of 2.37-to-1, with graduates earning a starting median salary of $150,000 and an average debt of $63,225.
Wayne State University Law School presents a high salary-to-debt ratio. Is the law school you wish to attend listed among those with favorable financial outcomes?
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