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1991

University of Michigan Law School

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Debts, Job Choices, And Financial Burden: Educational Debts At Nine American Law Schools, David L. Chambers Jan 1991

Debts, Job Choices, And Financial Burden: Educational Debts At Nine American Law Schools, David L. Chambers

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American law students are borrowing large sums of money. For graduates at many schools, cumulative debts of $35,000 from college and law school have become the norm and debts of $40,000, $50,000 and even more are common. The sums students are borrowing are much larger today than they were ten years ago, even after adjusting for increases in the cost of living. They have risen at a vastly faster pace than the initial salaries at small law firms and government agencies. They have even risen at a faster pace than the initial salaries in many large firms ...