Wednesday, November 23, 2011
Law Student Debt Grew $475 Million in 2008-2010
American Lawyer, Law School Debt Bubble: Aggregate Law School Grad Debt Grew $475 Million Between 2008 and 2010:
Year | Ave. Law Grad Debt | Ave. Law School Debt-Revenue | Mean Deviation | Total Law School Debt-Revenue |
---|---|---|---|---|
2008 | $87,761 | $16.1m |
$8.3m |
$3,147.1m |
2009 | $91,606 | $17.2m |
$8.8m |
$3,371.4m |
2010 | $97,310 | $18.5m |
$9.5m |
$3,620.8m |
Growth Rate | +10.9% (+$9,549) | +14.9% (+$2.4m) | N/A | +15.1% (+$473.7m) |
# | Public School | 2010 Grad Debt-Revenue | Z-Score |
---|---|---|---|
1 | UC-Hastings | 35.6m |
4.02 |
2 | Michigan | 35.4m |
3.99 |
3 | Virginia | 34.6m |
3.84 |
4 | Indiana-Indianapolis | 31.5m |
3.32 |
5 | UCLA | 28.2m |
2.75 |
6 | Baltimore | 26.3m |
2.43 |
7 | Texas | 24.0m |
2.04 |
8 | UC-Berkeley | 22.8m |
1.83 |
9 | Temple | 20.9m |
1.50 |
10 | Indiana-Bloomington | 20.7m |
1.47 |
11 | Minnesota | 20.5m |
1.43 |
12 | Penn State | 19.6m |
1.29 |
13 | Maryland | 19.0m |
1.19 |
14 | George Mason | 18.8m |
1.16 |
15 | Florida | 18.8m |
1.15 |
16 | Rutgers-Newark | 17.5m |
0.92 |
17 | Wisconsin | 16.7m |
0.79 |
18 | Oregon | 15.5m |
0.59 |
19 | N. Carolina Central | 15.4m |
0.58 |
20 | Houston | 15.3m |
0.56 |
# | Private School | 2010 Grad Debt-Revenue | Z-Score |
---|---|---|---|
1 | Cooley | 87.6m |
6.33 |
2 | Georgetown | 67.9m |
4.41 |
3 | Harvard | 58.2m |
3.46 |
4 | American | 53.5m |
3.00 |
5 | New York University | 49.6m |
2.62 |
6 | New York Law School | 48.6m |
2.52 |
7 | Florida Coastal | 47.4m |
2.41 |
8 | Suffolk | 47.0m |
2.36 |
9 | George Washington | 44.9m |
2.16 |
10 | Loyola-L.A. | 43.8m |
2.05 |
11 | Fordham | 43.7m |
2.04 |
12 | Columbia | 42.2m |
1.90 |
13 | Brooklyn | 38.0m |
1.48 |
14 | McGeorge | 36.6m |
1.35 |
15 | Stetson | 36.2m |
1.30 |
16 | Miami | 35.9m |
1.27 |
17 | John Marshall | 35.8m |
1.27 |
18 | South Texas | 35.7m |
1.26 |
19 | Catholic | 34.6m |
1.15 |
20 | Cardozo | 34.4m |
1.13 |
https://taxprof.typepad.com/taxprof_blog/2011/11/law-student.html
It's an excellent idea to start focusing on how much of a law-school's income is generated by the loan-taking of its own students.
Law schools themselves are bubbles blown up bigger and bigger by student debt--which they encourage the students to take on. Without the student debt, the law schools just go 'pop!' I think the administrations of some of these schools themselves have not been clear on what they were doing. That should change.
Posted by: lowellguy | Nov 24, 2011 5:21:16 AM