Law Student Debt: Changes from 2008 to 2012 and Implications for the Future

29 Pages Posted: 16 Jan 2018

See all articles by Karen Webber

Karen Webber

University of Georgia

Rachel Burns

University of Georgia - Institute of Higher Education

Multiple version iconThere are 2 versions of this paper

Date Written: August 31, 2017

Abstract

In 2012, graduate students borrowed more than $35 billion in loans to finance their education. Like some other fields of study, tuition and fees for Law school has increased precipitously in the past few decades. Using data from the National Study of Postsecondary Student Aid (NPSAS) this study examined changes in education debt for Law students from 2008 to 2012, with Law graduates reporting a mean cumulative debt of almost $122,000 in 2012. Increasing education debt may discourage students from even considering enrollment and/or may motivate degree completers to seek more lucrative jobs after graduation simply to pay off loans. Additional implications are discussed.

Keywords: graduate education, graduate debt, law education

JEL Classification: 123

Suggested Citation

Webber, Karen and Burns, Rachel, Law Student Debt: Changes from 2008 to 2012 and Implications for the Future (August 31, 2017). AccessLex Institute Research Paper No. 18-10. Available at SSRN: https://ssrn.com/abstract=3099917 or http://dx.doi.org/10.2139/ssrn.3099917

Karen Webber (Contact Author)

University of Georgia ( email )

Athens, GA 30602-6254
United States

HOME PAGE: http://ihe.uga.edu/people/karen-webber/

Rachel Burns

University of Georgia - Institute of Higher Education

GA
United States

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