Subscribe to The Beantown Bloggery
Subscribe to The Beantown Bloggery
Subscribe to The Beantown Bloggery by email
Someone is going to have to explain the math to me because it doesn't really make any sense - but I'll get to that later. Harvard Law School announced yesterday that they will now waive your last year of tuition if you promise to commit to work in public service for five years.

One year of tuition runs around 41K. For arguments sake, let's say that's equal to about 60K in pre-tax dollars. Spread out over the five years, that's 12K per year. Now let's look at what the Globe says average salaries are:

"First-year salaries at firms with more than 500 lawyers rose last year to $145,000"
"The current entry level salary for prosecutors in Massachusetts is $37,500"

Assuming the corporate lawyer gets no pay raises over the first five years that he/she works (highly unlikely). That's still over $500K more in salary that would be earned at the corporate job vs the 60K in free tuition he/she got from Harvard.

This program will NOT persuade anyone to work in the public sector. What it will do is make life a little easier on the folks that were already planning to do this type of work.

Click (here) to read the Globe article.



Know of Any Interesting Boston News or Events That You'd Like to Share?
Email me at beantownblog@gmail.com
You can leave a response, or trackback from your own site.

0 Response to "Harvard Law Waives Tuition for Public Sector"

Advertise with IZEA Media

Comments

Blog Archive