Graduation, whether you’ve just earned your bachelors degree or masters degree, is definitely a major accomplishment. While pursuing higher education can bring some great benefits, it can be a huge financial investment and at times a burden. For this reason, students should really think about how they plan on paying for college or graduate school. Trying to find financial aid for school can often turn into a full time job; as more and more grants and scholarships see their funding reduced, students are forced to look into more accessible forms of financial aid like student loans. More advanced degrees such as a J.D. tend to cost even more. In 2023, the average law school student graduated about $165,000 in debt. Although the costs of education can be high, it’s still a worthy investment, as statistically college graduates earn significantly more than those without degrees and the higher your degree, the more you earn.
Paying for school can seem intimidating and challenging, but with smart saving and budgeting skills, finding funds for a degree can become the least of your worries. Student loans can be a time-saving way to find financial aid, but students should always compare and research different loans to find the ones that have the best interest rate and payment plans. To get a sense of just how much grads can end up paying for law school, and to learn some money saving tips that can help you get rid of student debt quickly, check out this infographic on law school costs.
