Friday, July 12, 2019
NerdWallet, Average Student Loan Debt for Law School Graduates:
Law school graduates finish school with an average student loan debt of $145,500, according to the most recent data from the National Center for Education Statistics. That total includes student loans that law students took out for their undergraduate degrees.
A student loan balance of $145,500 would cost $198,700 if repaid over the standard 10-year plan, assuming current interest rates. The average law school loan payment for that amount of debt would be $1,656 a month. ...
Seventy-five percent of 2018 law school graduates took student loans, according to Law School Transparency, a nonprofit organization.
On average, these students borrowed $115,481 to pay for their JD alone — $130,900 for graduates of private law schools and $89,962 for those who attended public law schools.