Paul L. Caron

Monday, January 4, 2021

Muller: Law Schools With The Best And Worst Debt-To-Income Ratios Among Recent Graduates

Following upon my previous posts (links below):  Derek Muller (Iowa), Which Law Schools Have the Best and Worst Debt-to-Income Ratios Among Recent Graduates?:

Last year, a treasure trove of data from the Department of Education offered incredible insights into debt and earnings of law school graduates. A recent update for 2018-2019 has been made available, and we can look at the data again.

One intriguing figure is the “debt-to-income” ratio (last year, plenty of people hated this term, but I’m still using it), or how much student debt recent graduates have compared to their earnings. ... A good rule of thumb might be that “manageable” debt loads are those where debt is about equal to expected income at graduation—i.e., a ratio of 1.00 or lower. Only 22 schools meet that definition among median debt and earnings. ...


In contrast,  17 law schools have debt-to-income ratios greater than 3.0.

Prior TaxProf Blog coverage:

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