Law Schools, Student Loans

Law Schools May Be Forced To Give A Damn About Student Loans

Will law schools ever provide students with more information on how to pay off their educational debts?

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The task force put a lot of work into this. It was rewarding to find such overwhelming support. There will be more intensive sharing of information on loans and what students will have to pay back. Hopefully, students will act responsibly and with good judgment.

— Dennis Archer, chairman of the ABA’s Task Force on the Financing of Legal Education, commenting on a recently adopted resolution that urges law schools to provide students with better information on how to repay their educational debts. The resolution is, of course, nonbinding on law schools.

(According to the Task Force’s June 2015 report, average debt for private law school grads increased to $127,000 in 2013, while average debt for public law school grads increased to $88,000.)

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