Here's a Look at Debt-to-Earnings Ratios for Grads From Top Law Schools
New data from the U.S. Department of Education offers a better understanding of law graduates' debt-to-earnings ratios, that is, how much they borrow versus how much they make right after graduation.
December 03, 2019 at 02:14 PM
2 minute read
Which law schools send graduates on to the highest-paying jobs with the lowest amount of debt? New data from the U.S. Department of Education offers a comprehensive look at law graduate debt levels and first-year earnings—a new tool that can help aspiring lawyers get an idea of the costs of law school and their probable earning potential upon leaving campus. Today, we're looking at the so-called T-14—that is, the top 14 schools in the country as ranked by U.S. News & World Report. We've crunched the numbers on their debt-to-earnings ratios, which are based on the median amount of money their graduates took out in federal loans in 2015 and 2016, as well as their median earnings in their first year of repayment. At nine of these schools, graduates on average made more right out of law school than they borrowed to finance their legal educations. (The figures don't include any undergraduate debt.) At the remaining five, graduates borrowed more than they made initially. That's a significantly better track record than legal education as a whole, where median debt exceeded first-year earnings at 94% of law schools. Click through to find out more about the debt-to-earnings ratios at these top schools, as we work up to the campus that offers the biggest bang for the buck.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All'Everything From A to Z': University GCs Tested by Legal, Financial, Societal Challenges
6 minute read'A Horrible Reputation for Bad Verdicts': Plaintiffs Attorney Breaks Down $129M Wrongful-Death Verdict From Conservative Venue
How Uncertainty in College Athletics Compensation Could Drive Lawsuits in 2025
'Basic Arithmetic': Court Rules in Favor of LA Charter School Denied Funding by California Education Department
Trending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250