Which Law School in NY Provides the Best Debt-to-Earnings Ratio for Grads? Take a Look
Among the 15 American Bar Association-accredited law schools in New York, only two on average sent graduates on to first-year jobs that pay more than the amount of student loans they took out.
December 04, 2019 at 02:53 PM
2 minute read
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. For those interested in the Empire State, we've got the debt-to-earnings ratios for the 15 law schools in New York accredited by the American Bar Association. The numbers 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 all but two campuses, graduates on average made less right out of law school than they borrowed to finance their legal educations. (The figures don't include any undergraduate debt.) At the remaining 13, graduates borrowed more than they made initially. That's generally on par with legal education as a whole, where median debt exceeded first-year earnings at 94% of law schools. At four schools in the state, median debt loads were two times or more than average starting salaries. Click through to find out more about the debt-to-earnings ratios at these New York schools, as we work up to the campus that offers the biggest bang for the buck.
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