I would hope that before you decide to take on an average of $88,000 – $127,000 in debt you would do your due diligence. You are, after all, about to enroll yourself or your child in law school. According to Steven J. Harper, in a recent New York Times Op Ed, Too Many Law Students, Too Few Legal Jobs:
Students now amass law school loans averaging $127,000 for private schools and $88,000 for public ones. Since 2006 alone, law student debt has surged at inflation-adjusted rates of 25 percent for private schools and 34 percent for public schools.
There are so many dirty little secrets that need to be exposed before anyone can make an informed decision as to whether or not they want to gamble with law school. And, yes, I am very deliberate to use the word gamble. And informed.