Advantage - College of Law - The University of Tennessee, Knoxville

Financing Your Legal EducationTuition and FeesThe value of your legal education at the University of Tennessee College of Law compares very favorablywith that available at other state-supported and private institutions.University tuition and fees are determined by the Board of Trustees and are subject to change eachyear. The costs for the 2012–2013 academic year (fall and spring semesters) are as follows:For Tennessee Resident Students ........ $17,678For Out-of-State Students .............. $36,422Total ExpensesThe estimated Financial Aid budgets for the 2012–2013academic year for a student living on or off campus areoutlined here to give you an idea of the total cost of attendingthe University of Tennessee College of Law.Candidates for admission can estimate the cost of attendancefor the three-year period by anticipating an 8 to 10percent increase for the second and third years of law school.Please refer to the College of Law website for currentinformation on tuition, fees, and expenses.Estimated Expenses: 2012–2013Academic Year(Independent law student living on or off campus)In-StateOut-of-StateTuition and Fees 17,678 36,422Room and Board 11,522 11,522Books 1,902 1,902Transportation 1,638 1,638Miscellaneous 4,256 4,256TOTAL $36,996 $55,740Seat Deposits and Intent to EnrollAll applicants admitted to the College of Law who plan to enroll in the fall must pay two nonrefundableseat deposits to reserve a place in the entering class. The total amount of the deposits will be creditedto semester fees. Payment of the second seat deposit signals your intent to enroll as a first-year student.Return on InvestmentThe historic recession of the late 2000s has prompted many to re-examine the “return on investment”of law school. While this can really only be accomplished with a lifetime of earnings to evaluate and inthe context of career satisfaction, there are signals you can consider to evaluate the proposition of lawschool attendance. Law schools should provide information about the average amount borrowed byrecent law graduates, as reported to the American Bar Association, so you can consider this informationin the context of typical salaries of the legal positions that interest you and the cost of law schoolattendance at that school.Return on Investment of Law SchoolAverage Borrowed for Legal EducationClass of 2010-11 Class of 2009-10 Class of 2008-09UT $71,919 $65,082 $53,751PublicLaw Schools $75,728 $69,687 $58,59123