Student Loan Debt

An ABA article reports that law student debt for student loans has gone up 50% over the last decade.  It’s attributed to rises in tuition.  In round numbers, the average debt is $69,000 for public schools and $106,000 for private schools.  Remember, those are just averages: some are graduating with less, some are graduating with potentially much, much more.  I’m assuming the ABA’s numbers do not include undergraduate debt.  The rule of thumb I’ve often seen and heard repeated is that a graduate should not take on more debt than they expect their new job to pay annually.  I don’t know that the math is going to work out for everyone.

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