https://law.yale.edu/admissions/cost-financial-aid/cost-attendance
Tuition and Fees: As you can see, full-time law students at Yale Univer$ity will face a tuition bill of $59,920, for the 2017-2018 academic year. What did you expect from the ultimate blueblood in$titution of “higher learning” in America? Furthermore, the University Administrative and Activities Fee will amount to an additional $2,250.
That brings the direct cost of admission to $62,170 – for one single, solitary year of law school. Such prohibitive charges clearly send the following message: “If you are not from established family wealth, then you are not welcome here.” How many of the young men and women enrolled at this law school went to elite, i.e. expensive, boarding schools at an early age – and then earned their undergraduate degree from Ivy League colleges?
Total Cost of Attendance: Based on this same page, the school estimates that room, board, and personal expenses will reach $17,000. Apparently, New Haven is a dump of a town. However, that line item appears to be ridiculously low. I suppose if you live in broken down tenement housing and subsist on Ramen noodles and tuna sandwiches, then this might seem somewhat realistic.
Books are listed at $1,100, and Univer$ity Ho$pitalization Coverage is $2,332. Their total listed budget is $82,602. I guess they think that everyone has cars that are paid in full, and that will not break down or require much in maintenance. And I’m sure that is the case for a certain segment of their entering classes.
Seeing that actual law students will require costs for the full calendar year – and not just during the “magical” nine month portion when they are in classes – we will prorate the following items: room, board, and personal expenses. Doing so, we reach the following, more accurate total COA figure of $88,269. Keep in mind that this appears to be a conservative assessment of total expenses. Of course, it doesn’t matter to the scions of the rich if the annual budget is $89K or $100K.
https://www.usnews.com/best-graduate-schools/top-law-schools/law-rankings
Rankings: At those prices, this better be the best damn law school in the country. In that case, those enrolled here are lucky. Yale Law $chool is rated as the overall greatest, out of the more than 200 ABA-accredited mills, by US “News” & World Report. By the way, it is sickening when low-ranked cesspits charge $45K in annual tuition – in exchange for anemic job prospects for their graduates.
https://law.yale.edu/student-life/career-development/employment-data/class-2016-employment
Published Employment Placement Statistics: Let’s review the chart labeled Employment Statistics for 2016. You will see that there were 203 members of this graduating class. Of that amount, 189 reported being in full-time, long-term positions within 10 months of earning their JDs. That is an effective placement rate of 93.1 percent. From the best law school in the country. If you include the four grads working in full-time, short-term jobs, that climbs all the way up to 95.1%, which is just short of incredible! To be generous, we will go with that latter number. Remember when TTTs were simply claiming employment placement rates of 98 percent, on their recruitment materials?
By the way, when you take a closer look, you will realize that the picture is not quite that rosy. For example, a total of 19 members of this cohort were employed in posts that were funded by the univer$ity or law $chool! Let’s put this into perspective: without those 19 created/manufactured jobs, the full-time employment rate would be 85.7%, at the top law school in the United States. If that doesn’t make you rethink your decision to attend any ABA-accredited diploma factory, then you are a lost cause. You are the type of person who needs those warning labels on the side of a paint can.
Under Employment Type, you will notice that 83 members of this class were working in private law firms, including six in firms of 251-500 lawyers and 65 landing employment in offices of more than 500 attorneys. Another 72 reported being employed in judicial clerkships, with 69 of them in article III posts. Plus, five JDs from this cohort landed full-time jobs in “education,” which is a great racket.
https://www.usnews.com/best-graduate-schools/top-law-schools/grad-debt-rankings/page+3
Average Law Student Indebtedness:US “News” lists the average law student indebtedness - for those members of the Yale Law Class of 2016 who incurred debt for law school - as $121,815. Of note, only 68% of this school’s 2016 graduating class took on such noxious debt. Don’t forget that this amount doesn’t include debt from undergrad studies, and it also does not take accrued interest into account, while you are enrolled in school.
Bargain alert: while Yale Law $chool is ranked number one in terms of overall quality, it only has the 70th highest amount of average law student debt. That is a hell of deal for the pupil! Go out and purchase a new Porsche with the savings. Plus, fully 32 percent of the class that did not take out a nickel in student loans for a Yale law degree. It’s safe to say that those wealthy young men and women will have no trouble landing the juiciest jobs available. But have fun “competing” against them – and their rich father and his connected friends – for those positions.
Conclusion: Yale Law $chool is considered the most elite in$titution of “legal education” in the entire nation. Most of their recent grads landed Biglaw or federal clerkships, and a handful were hired by academia. The tuition is high, but what do you expect? Just keep in mind that you can just as easily be canned from Biglaw within 3-5 years, if you do not make partner before that time frame ends. If you can’t bring in major new business, the greedy partners and managers will not care that you graduated from Yale Law. By the way, when you are working 80-90 hours per week as an associate, see what that does for your health and well-being. And if you’re in it for the money, just consider this for a moment: at those rates, you are basically making $40-$45 an hour as an associate. Programmers can make more per hour, for a fraction of the stress.