Law school grads take risks on debt

A law school debt calculator produced by the Washington Post is suggests that many students will be taking a risk by following this career path.

alejandro dans neergaard

Someone who goes to New York University (NYU) would need to earn US$214,361 a year for a decade to be able to afford to repay the $171,087 of debts they would have, according to the calculator. In BigLaw firms, associates could expect to arrive at that payment level (including bonuses). Another candidate who chose to go to a cheaper school, would have a debt of $88,917 if they had opted for state tuition in Ohio state. But employment options are rated at just 59.1% at Ohio, compared to 93.7% at NYU. Above the Law concludes that ‘law school is rarely justified…’ based on the cold light of day seen through the calculator. Sources: Above the law and Washington Post

Email your news and story ideas to: news@globallegalpost.com

Top