Law School Tuition (Part II)

There’s an interesting article in the New York Times today, “Burdened With Debt, Law School Graduates Struggle in the Job Market.”

The article is pretty standard for a law school debt article: law students who graduated in 2010 had — and are still having — a lot of trouble finding jobs that will allow them to pay off their loans.  The average debt burden, according to the article, is $77,364 for 2010 graduates of public law schools and $112,007 for their counterparts who graduated from private ones.

One paragraph really caught my eye:

Many have received financial hardship deferments or, like Mr. Shirkey, who accumulated $328,000 in student debt, including some undergraduate loans, received credits for public interest work.

That is a lot of debt.  A lot.  The gentleman interviewed graduated from Ohio State’s law school.  I am all for personal responsibility, but at the same time, I don’t understand how that happened – what the heck was the law school (and his undergrad?) charging that he started out his life more than $300,000 in the red?!?

4 thoughts on “Law School Tuition (Part II)

  1. Judi

    Woah! 300k would drive me mad! We have friends that started off with 450k because they both went to law school, took out loans for undergrad and loans for masters degrees but 300k for a single person is insane! It makes me upset that most of the expanding cost for universities comes from the expansion of administrative salaries and administrative hires. this means the money that is paid into the system isn’t going to the talented professors but is instead going toward people who are trying to run schools like businesses. Sorry, that was a bit of a rant…

  2. Brian

    I graduated law school with a personal debt load of about $315k in 2009. It’s not hard to do if you’re from a family with an upper middle class income but no savings.

    Will make it back to zero on Friday. 🙂

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