Tuition at private law schools has climbed to $40,000 a year (not counting living expenses), and it's getting harder and harder to find a well-paying lawyer job these days.

But one law school is taking great pains to let prospective and current students know exactly how poor they could be if they pursue their attorney dreams, the National Law Journal's Karen Sloan reports.

The University of Michigan's Law School's "Debt Wizard" program lays out 11,000 different financial scenarios you could find yourself in after law school.

Prospective or current students plug in the type of work they're going to pursue – from academia to public interest to business to private practice – and where they'll live.