Law Schools, Law Students, Student Loans

Stats Of The Week: Law Student Debt Compared To Other Graduate Programs

How does law student borrowing compare to that of medical students, MBAs, or other graduate programs?

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The staggering debt burden taken on by law students to finance their degrees is hardly a secret. ATL features a seemingly endless parade of stories about law grads who are struggling to get out from under the loan obligations for a degree that, in many cases, they aren’t even using. But taking a step back, how does law student borrowing compare with that of medical students, MBAs, or other graduate programs? (Spoiler: Not well.)

NPR recently pulled some comparative data from the National Postsecondary Student Aid Study. Only 16% of law students graduate debt-free, a figure that looks even worse compared to the 45% of unencumbered MBAs and 69% of debt-free PhDs. In fact, according to this data, the median debt for PhDs is zero.

Check out the NPR/NPSAS findings:

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