Is Loyola University Chicago School of Law Worth It?
A comprehensive ROI analysis of Loyola Chicago Law, including cost of attendance, salary outcomes, employment rates, and career placement data.
Key Financial Metrics
Total Cost
$191,383
Median Starting Salary
$84,847
Payback Period
12-15 years
Employment Outcomes
85%
Employment Rate
19%
BigLaw Rate
9%
Public Interest
8%
Clerkship Rate
Full ROI Analysis
Loyola University Chicago School of Law provides a mixed return on investment that depends significantly on individual circumstances. With a median starting salary of $84,847 and an employment rate of 85%, graduates can build successful careers, though the path to recouping educational costs takes longer than at higher-ranked institutions.
The BigLaw placement rate of 19% means that top students can access high-paying positions, but the majority of graduates enter mid-size firms, government, and public interest roles. Loyola Chicago Law's strength lies in its Chicago connections and Illinois legal community, where alumni loyalty and local reputation carry meaningful weight.
At $191,383 total cost, the ROI equation improves considerably with scholarship funding. Prospective students should carefully evaluate their scholarship offers and consider the school's bar passage rates and employment statistics before committing. Students with ties to Illinois and a clear practice area in mind will get the most value from a Loyola Chicago Law degree.
Best For
- Chicago-area legal practice
- Illinois government roles
- Small to mid-size firm practice
- Public interest and legal aid
Key Considerations
- Total cost of $191,383 with moderate salary expectations
- BigLaw access limited to top of class
- Career outcomes strongest in Chicago and Illinois
- Scholarship negotiation critical for favorable ROI