{"id":10803,"date":"2023-08-10T14:08:46","date_gmt":"2023-08-10T14:08:46","guid":{"rendered":"https:\/\/isafespend.com\/news\/an-ivy-league-law-degree-can-earn-you-over-200000-a-year-grads-from-this-school-make-the-most\/"},"modified":"2023-08-10T14:08:47","modified_gmt":"2023-08-10T14:08:47","slug":"an-ivy-league-law-degree-can-earn-you-over-200000-a-year-grads-from-this-school-make-the-most","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=10803","title":{"rendered":"An Ivy League law degree can earn you over $200,000 a year\u2014grads from this school make the most"},"content":{"rendered":"<div id=\"MakeItRegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-1\" data-analytics=\"MakeItRegularArticle-articleBody-5-1\"><span class=\"HighlightShare-styles-makeit-hidden--MFwCR\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"group\">\n<p>Ivy League law schools like Harvard and Yale have produced presidents, Supreme Court justices, senators and more.<\/p>\n<p>But even if you&#8217;re not looking to go the political route, earning a graduate-level law degree from an Ivy can pay off big time.\u00a0<\/p>\n<p>The median annual earnings among graduates who were working and not enrolled four years after completion is over $200,000 at each of the five Ivy League schools offering advanced law degrees, according to data compiled by the Higher Education Advisory group.<\/p>\n<p>Those schools are Columbia University, Cornell University, Harvard University, the University of Pennsylvania and Yale University. Brown University, Dartmouth College and Princeton University do not have law schools.<\/p>\n<p>However, many students at these high-earning schools take on massive amounts of debt \u2014 a median of more than $100,000 at four of the five schools.<\/p>\n<p>But $100,000 or more in debt may not be that unreasonable for graduates who go on to earn $200,000 or more within a few years of graduating. The general rule of thumb for knowing how much to borrow: The total amount you take out in student loans shouldn&#8217;t exceed your anticipated starting salary, experts say.<\/p>\n<p>Here&#8217;s how much graduates from each Ivy League law school earn.<\/p>\n<\/div>\n<h2 class=\"ArticleBody-styles-makeit-subtitle--JP3GH\">1. Columbia Law School <\/h2>\n<div class=\"group\">\n<ul>\n<li><strong>Median earnings of graduates four years after graduation:<\/strong> $280,926<\/li>\n<li><strong>Median Stafford and Grad PLUS loan debt:<\/strong> $198,924<\/li>\n<li><strong>Median debt as a percentage of median annual earnings: <\/strong>71%<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"ArticleBody-styles-makeit-subtitle--JP3GH\">2. University of Pennsylvania Carey Law School<\/h2>\n<div class=\"group\">\n<ul>\n<li><strong>Median earnings of graduates four years after graduation: <\/strong>$261,434<\/li>\n<li><strong>Median Stafford and Grad PLUS loan debt: <\/strong>$171,488<\/li>\n<li><strong>Median debt as a percentage of median annual earnings:<\/strong> 66%<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"ArticleBody-styles-makeit-subtitle--JP3GH\">3. Cornell Law School<\/h2>\n<div class=\"group\">\n<ul>\n<li><strong>Median earnings of graduates four years after graduation: <\/strong>$249,283<\/li>\n<li><strong>Median Stafford and Grad PLUS loan debt: <\/strong>$162,160<\/li>\n<li><strong>Median debt as a percentage of median annual earnings: <\/strong>65%<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"ArticleBody-styles-makeit-subtitle--JP3GH\">4. Harvard Law School<\/h2>\n<div class=\"group\">\n<ul>\n<li><strong>Median earnings of graduates four years after graduation: <\/strong>$233,589<\/li>\n<li><strong>Median Stafford and Grad PLUS loan debt:<\/strong> $93,235<\/li>\n<li><strong>Median debt as a percentage of median annual earnings:<\/strong> 40%<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"ArticleBody-styles-makeit-subtitle--JP3GH\">5. Yale Law School<\/h2>\n<div class=\"group\">\n<ul>\n<li><strong>Median earnings of graduates four years after graduation:<\/strong> $204,668<\/li>\n<li><strong>Median Stafford and Grad PLUS loan debt: <\/strong>$140,977<\/li>\n<li><strong>Median debt as a percentage of median annual earnings: <\/strong>69%<\/li>\n<\/ul>\n<p>Though Columbia Law School graduates earn the most, many students make a hefty investment to go there. Tuition alone is $78,444 for the 2023-24 school year, which may help explain why Columbia law students also take on the most debt of all its peer schools.\u00a0<\/p>\n<p>And though Columbia&#8217;s New York City campus may add to the school&#8217;s allure, it can be a burden on students who want to live nearby. Median rent for a 1-bedroom apartment in New York is close to $4,000 a month as of August 2023, according to Zumper.<\/p>\n<p>The only Ivy League school where law students take on median debt of under $100,000 is Harvard, which could be due in part to a large share of its students paying full price. About 57% of Harvard Law students paid full tuition in the 2021-22 school year, the largest share of any Ivy League law school, according to the Law School Admissions Council.<\/p>\n<p>Here&#8217;s the percentage of law students who paid full tuition at the rest of the Ivy League schools during the 2021-22 school year:<\/p>\n<ul>\n<li><strong>Penn<\/strong>: 45%<\/li>\n<li><strong>Yale<\/strong>: 36%<\/li>\n<li><strong>Columbia<\/strong>: 35%<\/li>\n<li><strong>Cornell<\/strong>: 15%<\/li>\n<\/ul>\n<p><em><strong>DON&#8217;T MISS: Want to be smarter and more successful with your money, work &amp; life?\u00a0<\/strong><\/em><em><strong>Sign up for our new newsletter!<\/strong><\/em><\/p>\n<p><em>Get CNBC&#8217;s free\u00a0<\/em><em><strong>Warren Buffett Guide to Investing<\/strong><\/em><em>, which distills the billionaire&#8217;s No. 1 best piece of advice for regular investors, do&#8217;s and don&#8217;ts, and three key investing principles into a clear and simple guidebook.<\/em><\/p>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-107191983\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-107191983\" class=\"PlaceHolder-styles-makeit-wrapper--thzO_\" data-vilynx-id=\"7000285057\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-styles-makeit-videoEmbed--utFcj\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-styles-makeit-wrapper--wHgUB\">\n<div class=\"InlineVideo-styles-makeit-inlineThumbnailContainer--G6zAg\"><span class=\"InlineVideo-styles-makeit-videoButton--l7wPM\"><\/span><span class=\"InlineVideo-styles-makeit-playButton--CGx6m\"><span class=\"PlayButton-styles-makeit-playButton--cTuKx\" data-test=\"PlayButton\"><\/span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/08\/10\/ivy-league-law-schools-where-graduates-earn-the-most.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ivy League law schools like Harvard and Yale have produced presidents, Supreme Court justices, senators and more. But even if you&#8217;re not looking to go the political route, earning a graduate-level law degree from an Ivy can pay off big time.\u00a0 The median annual earnings among graduates who were working and not enrolled four years<\/p>\n","protected":false},"author":1,"featured_media":10804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-10803","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>An Ivy League law degree can earn you over $200,000 a year\u2014grads from this school make the most | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Ivy League law schools like Harvard and Yale have produced presidents, Supreme Court justices, senators and more.But even 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