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Editor: Paul L. Caron
Pepperdine University School of Law

Wednesday, January 25, 2017

2017 SoFi Return on Education Law School Rankings

SoFiSoFi, 2017 Law School Rankings: Return on Education:

By analyzing more than 60,000 student loan refinancing applications over a 3-year period from Janu-ary 2014 to December 2016, SoFi has updated its Return on Education (ROED) Law School Rankings grounded in verified income and debt — not just reported figures. This represents the most objective, factually accurate and defensible data that can't be found or replicated anywhere else.

Graduating from law school can have a positive impact on lifetime earnings, but given the high cost of tuition and steep interest rates on graduate student loans, the ROED can vary significantly by school. Through SoFi's analysis, find out how the top JD programs — and those with the worst payoff — stack up when it comes to average salary and student debt load for graduates who are 3 years out of school.

Quartz, Charted: The American Law Schools Most—And Least—Worth Your Money:

Quartz 3

http://taxprof.typepad.com/taxprof_blog/2017/01/2017-sofi-return-on-education-law-school-rankings.html

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Comments

On the comparing-apples-to-oranges front: Brigham Young University tuition is very low, but only for students whose families are tithing members of the LDS Church. Similar to state vs. out-of-state students at public schools.

Posted by: Old Ruster from the former JDJunkyard | Jan 25, 2017 6:26:36 AM

By its very definition, this is a self selected population that isn't representative of the graduating classes. That's why the average salaries don't show the chaerteristics of the bimodal distribution we normally see. People applying for sofi have to be credit worthy. Many department of Ed loans originate to people that aren't, and hence they don't appear here. Therefore bad outcomes are totally missing from the data. Sad!

Posted by: James Chapman | Jan 25, 2017 7:13:26 AM

Ruster, the BYU tuition for non-LDS students is much lower than most law schools including a fair number of instate tuition levels for public universities.

Posted by: PaulB | Jan 25, 2017 7:40:06 AM

Anyone else notice they write "60,000 student loan refinancing applications" and not "60,000 law school loan refinancing applications?" I'd be rather surprised - and dismayed - if 60,000 fledgling lawyers tried to refinance over a three year period, as refinancing permanently destroys one's ability to enroll in any income-based repayment plan in the future. Get laid off, have unexpected costs (elder care, illness, whatever) and can't make the monthly nut anymore? You're at the mercy of the bank and whatever investors have purchased the Student Loan Asset-Backed Security your loan is now a part of.

Posted by: Unemployed Northeastern | Jan 25, 2017 9:22:06 AM