Law School Debt: The Numbers For 2014 Graduates!

By | August 27, 2015

For those students who took on debt to attend law school, some of the dollar amounts that they accumulated is astounding!

The question ultimately then becomes whether many will be able to pay that debt back and therefore, whether the investment was a good one?

Some will of course get great paying jobs and have little problem, while for others the slog to pay the debt down may be a long and painful one.

Still others may decide not to pay them back at all, some may be counting on the Public Service Loan Forgiveness (PSLF)* Program while others may be praying for wholesale loan forgiveness from the federal government.

The Tale Of The Tape: Law School Debt

Here is a partial list of the top (?) schools courtesy of US News

School name Average indebtedness of 2014 graduates who incurred law school debt Percent of grads with debt
Thomas Jefferson School of Law

San Diego, CA

$172,445 91%
New York Law School

New York, NY

$166,622 83%
Northwestern University

Chicago, IL

$163,065 80%
Florida Coastal School of Law

Jacksonville, FL

$162,785 93%
American University (Washington)

Washington, DC

$159,316 83%
Vermont Law School

South Royalton, VT

$156,713 84%
Touro College (Fuchsberg)

Central Islip, NY

$154,855 85%
University of San Francisco

San Francisco, CA

$154,321 88%
Columbia University

New York, NY

$154,076 76%
Whittier College

Costa Mesa, CA

$151,602 91%
California Western School of Law

San Diego, CA

$151,197 91%
Georgetown University

Washington, DC

$150,529 79%
Barry University

Orlando, FL

$149,175 95%
Chapman University (Fowler)

Orange, CA

$148,429 79%
Stetson University

Gulfport, FL

$148,394 83%
New York University

New York, NY

$147,744 74%
Loyola Marymount University

Los Angeles, CA

$147,701 85%
Charleston School of Law

Charleston, SC

$147,031 85%
Golden Gate University

San Francisco, CA

$146,288 88%
Pepperdine University

Malibu, CA

$145,525 76%
The Catholic University of America

Washington, DC

$144,737 85%
University of Chicago

Chicago, IL

$144,695 75%
University of Miami

Coral Gables, FL

$143,845 77%
Hofstra University (Deane)

Hempstead, NY

$143,646 80%
University of California—​Berkeley

Berkeley, CA

$143,546 78%

* The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.

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Article by Michael Haltman, President of Hallmark Abstract Service in New York.

HAS is a provider of title insurance in New York State for residential and commercial real estate transactions.

Learn more about Hallmark Abstract by watching our whiteboard animation here.

H/T AboveTheLaw

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