More on the High Cost of a Law Degree

The average debt of law graduates tops $100,000, and most new lawyers do not earn salaries sufficient to make the monthly payments on this debt. More than one-third of law graduates in recent years have failed to obtain lawyer jobs. Thousands of new law graduates will enter a government-sponsored debt relief program, and many will never fully pay off their law school debt.

– Washington University Law professor Brian Tamanaha, author of Failing Law Schools (affiliate link), painting a rosy picture of what life is like for recent law school graduates.

http://abovethelaw.com/2012/06/quote-of-the-day-the-broken-economics-of-legal-education/