Before jumping into our law school investment calculator,
we want to make sure you are aware that this tool has some limitations and
should just be one of many tools you utilize in your law school investment
decision. Here are a few key pointers to consider when utilizing our
Does the discount rate differ from your
student loan rate?
If it does, how quickly or slowly you pay off the principle of
your loan will affect your net present value (NPV).
Don't expect your salary to grow at a
nice, even rate every year.
To keep our return on investment calculator somewhat simple, we
had to make this assumption.
Don't expect the amount of student
loan principle you pay down every year to be steady either.
Things will come up. You may get married. You may buy a house.
Again, we had to make some assumptions to keep our investment calculator from
getting too complex and cumbersome.
You may not work for 30 more years.
If you make partner at a big law firm, you could very easily be
financially independent and enjoying the "good life" in fewer than 30 years
after completing your law school studies. Conversely, you may love what you are
doing so much, you may not want to ever retire.
Some jobs have great benefits that
can't be easily quantified.
Obviously, our return on investment calculator will not
automatically determine the difference between various health plan options,
retirement savings accounts, etc. You will have to alter your inputs to take any
of these considerations into account.