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Welcome to Akron Law!
Transcript of Welcome to Akron Law!
($20,500 limit) Direct PLUS Alternative An example... ? "These are tough times, and while law school might be a great place to hide out for three years, those three years will end. If you're inclined to take some time to think about where you want to go, this is the time to explore your options: practicing law can be fun, rewarding, and potentially lucrative, but only if your heart is totally in it."
-Asha Rangappa, Associate Dean, Yale Law Ohio Bar Exam Total budget available: $39,304 Scholarship: $5,000 Stafford Subsidized: $8,000 Direct PLUS: $8,000 Alternative: $5,804 What does the budget include? Tuition and fees:
Room and board:
Books and supplies:
Annual total $23,170
$39,304 Stafford: $20,500 Now, let's look at this over three years... Year 1 Scholarship: $5,000
Loans: $34,304 Year 2 Scholarship: $5,000
Loans: $36,662 Year 3 Scholarship: $5,000
Loans: $39,162 Total borrowing over 3 years: $110,128 Monthly loan payment (10 years, 7%): $1,279 "I'm not worried about debt. Lawyers make tons of money." Stats: Class of 2010 Avg. Starting Salary: $55,223 No. Salaries Reported: 57 (out of 134 graduates) No. Six-Figure Starting Salaries: 3 No. Salaries Above Avg.: 20 (35%) No. Salaries Below $40K: 13 (23%) Avg. Law School Borrowing: $60,150 No. Borrowing At Least $60K: 59 (44%) No. Borrowing At Least $90K: 14 (10%) No. Borrowing Nothing: 23 (17%) Nine-Month Placement Rate: 91.8%