Wednesday, May 2, 2012
National Law Journal, Think Law School's Expensive? You Don't Know the Half of It, by Karen Sloan:
U.S. News & World Report caused a minor stir in March when it reported that graduates of ABA-accredited law schools leave with $100,433 in educational loan debt.
But that figure doesn't reflect the true cost of financing a law degree — a statistic that prospective law students ought to understand, according to Law School Transparency Executive Director Kyle McEntee.
As part of the comprehensive database of law school employment statistics it launched this week, the organization has projected the total cost of law school loans for students who will graduate in 2015 and 2016 — that is, the ones who will start law school this year or next. The former will owe an average of $195,265 and the latter will owe an average $200,595. "My jaw dropped when I ran the numbers," McEntee said. ...
The City University of New York School of Law features the lowest projected debt for the class of 2015, at $96,242. The University of California, Berkeley School of Law had the highest, at $273,667.