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Law school graduates owe an average of approximately $130,000 in educational debt upon graduating. 90% of students take out loans to pay for law degree or prior education.
According to U.S. News & World Report, the average indebtedness of 2018 graduates who incurred law school debt was $196,607 (not including undergraduate debt), and 92% of 2018 graduates took on debt. The average indebtedness of graduates who incurred law school debt is second-highest among US law schools. [19]
Since 2003, student loan debt has increased by 430%. Learn More: You Can Get These 3 Debts Canceled Forever Try This: $10K or More in Debt? See If You Could Become Debt-Free (for Less Than You Owe)...
One explanation posits that tuition increases simply reflect the increasing costs of producing higher education due to its high dependence upon skilled labor.According to the theory of the Baumol effect, a general economic trend is that productivity in service industries has lagged that in goods-producing industries, and the increase in higher education costs is simply a reflection of this ...
Law schools in this list are categorized by whether they are currently active or closed; within each section they are listed in alphabetical order by state, then name. Most of these law schools grant the Juris Doctor degree, commonly abbreviated JD, which is the typical first professional degree in law in the United States.
Big Law and the associated income can be a quick way of offsetting law school student debt. Working between your law school semesters can be one way of earning an income while you study ...
The cost of tuition and fees at the NIU College of Law for the 2020–2021 academic year is $22,082 for all U.S. residents, whether in-state or out-of-state. [8] Law School Transparency estimated debt-financed cost of attendance for three years for students starting in 2019 is $154,146. [9]
Law School Transparency has estimated debt-financed cost of attendance for three years is $166,060 for residents and $261,639 for non-residents in 2017. [21] In July 2016, Richardson was ranked #1 by U.S. News & World Report among American law schools whose alumni have the least debt, at an average of $54,988 for the Class of 2015. [22]