Law School Loses Luster; Debts Mount, Salaries Stagnate

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Law school was once considered a surefire ticket to a comfortable life. Years of tuition increases have made it a fast way to get buried in debt.

Recent graduates of the University of Miami School of Law who used federal loans borrowed a median of $163,000. Two years later, half were earning $59,000 or less. That’s the biggest gap between debt and earnings among the top 100 law schools as ranked by U.S. News & World Report, a Wall Street Journal analysis of federal data found.

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Graduates from a host of other well-regarded law schools routinely leave with six-figure student loans, then fail to find high-paying jobs as lawyers, according to the Journal’s analysis of the latest federal data on earnings, for students who graduated in 2015 and 2016.

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When Miami students asked for financial assistance, some graduates told the Journal, school officials often offered this solution: Take more loans.

www.wsj.com/articles/law-school-student-debt-low-salaries-university-miami-11627991855

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