Comments on: High Cost of Law School Loans

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Mon, 24 Aug 2009 16:09:37 +0000

[...] High Cost of Law School Loans: This blog can show you some of the ramifications of law school debt. [...]

By: Bill Tilley

Bill Tilley — Wed, 15 Jul 2009 03:07:18 +0000

I do realize it is a problem but a quality education should cost. There are a lot of lower cost schools available but you do have to pay a tidy sum to attend a premier law school.

By: Gary

Gary — Mon, 02 Feb 2009 19:03:16 +0000

I graduated from UMiami law five years ago and have friends swimming in over 200k debt w/ no chance of paying it off. They are praying that the bankruptcy laws change so that they can wipe out the debt like many attorneys did before 98 i believe it was. The private loans w/ the high interest rates are the worst ones. And the jobs most people end up w/, at least here in south florida, don’t pay squat and the competition for those jobs is fierce w/ four law schools in the Miami area. What a nightmare! If you are from overseas and can pay cash for your education and speak 4 languages, no problem. But if you are taking out loans to finance your education and come out of school in the middle of the pack, do something else.

By: Jon

Jon — Mon, 26 Jan 2009 19:07:16 +0000

Law school debt is a major problem facing many if not most attorneys leaving law school. With tuition costs rising much more quickly than inflation and starting salaries, and with Congress’s failure to give graduates any meaningful tax assistance (a single filer has to make no more than $50k/year to get about $625 in tax savings, which is less than a month’s interest on a recent graduate’s loans), it’s no wonder that LSAT registration is flat and many people looking at graduate programs are foregoing legal careers. The system of law school financing is completely broken and is in need of a major overhaul. It’s too bad most law school deans have higher priorities.