It is no secret that the cost of law degree is significantly high which makes many people to wonder if such an investment is really worth making.

In the top rated law institutions, the annual cost of a law degree ranges from $34,827-$79,612 which has made so many law graduates to end up with thousands of dollars’ worth of student loan debt.

Only a few of law graduates get a job that can pay enough to enable them afford enough money to make the outrageous monthly payments.

So what makes a law degree in universities and colleges so expensive and what can a student do to reduce the cost?

Factors that go into a law degree cost

So many factors go into the total cost of a law degree but only a few have a huge impact.

• Public or a private institutions

The annual tuition in most private universities and colleges is over $50,000 and even higher in some institutions.

This does not mean that the institutions are elite but the private universities and colleges are way more expensive because they do not receive subsidies from the state government.

The government supports public colleges and universities using the taxpayers’ dollar which explains why their tuition is lower.

However, the sluggish economy in most states has made most of them to reduce the subsidies in the public universities and colleges but their tuition fee is still lower compared to private schools.

Other factors that affect the cost of a law degree includes living arrangements health insurance books among others.

To reduce the accommodation cost, a law student can live with his or her parents if they live close to the school instead or renting an apartment or house or getting a dorm.

Consider taking part time attendance

Part time law students work as they study which means that they get a pay check as they attend their classes.

However this option is not always the best and most of the part time students switch to full time program after some time due to the high demand in law school making it had to maintain a job as you study.

The fact still remains, a degree in law is one of the most expensive courses that one can take whether you choose to attend a private or public school.

If its high cost concerns you will look for ways to reduce it as much as possible and the above area will make the biggest difference.