b****z
发帖数: 4485 | 1 Approximately half of the 45,000 people who will graduate this year from ABA
-accredited law schools will never find jobs as lawyers. (The Bureau of
Labor Statistics estimates that over the next decade 21,000 new jobs for
lawyers will become available each year, via growth and outflow from the
profession.)
Most of those who do find jobs will be making between $30,000 and $60,000
per year.
People currently in law school are going to graduate with an average of $150
,000 of educational debt. This debt will have an average interest rate of 7.
5%, meaning the typical graduate will be accruing nearly $1,000 per month in
interest upon graduation. Unlike almost every other form of debt, these
loans cannot be discharged in bankruptcy.
In short, one out of every two law graduates will not have a legal career,
and most of the rest will never make enough money to pay back their
educational loans. This means they will either have to rely on other sources
of income (spouses, extended family) to service their debts, or they will
have to go into the federal government’s new Income-Based Repayment program
. This program will keep people in debt servitude for 25 (soon to be reduced
to 20) years, during which time the balance on their loans will grow,
making it almost impossible for them to qualify for mortgages and many other
forms of consumer debt. Finally, the debt – which for many law graduates
will have grown to more than $1 million – will be discharged, meaning, of
course, that taxpayers will be left to pick up the tab.
http://www.salon.com/2012/05/15/debt_not_just_for_undergrads/ | D******D
发帖数: 1022 | 2 Thanks for sharing, both sides are realizing this. Less people are
applying
and schools are cutting back enrollment. |
|
