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

28 Pages Posted: 31 Oct 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: May 8, 2018

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 have for Law school has increased precipitously in the past few decades. Using the most recent data available from the National Post-secondary Student Aid Study (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: Law Student Financial Aid, Law Student Educational Debt

Suggested Citation

Webber, Karen and Burns, Rachel, Law Student Debt: Changes From 2008 to 2012 and Implications for the Future (May 8, 2018). Available at SSRN: https://ssrn.com/abstract=3262772 or http://dx.doi.org/10.2139/ssrn.3262772

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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