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?!?