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Stats Of The Week: Law Schools With The Best Salary-To-Debt Ratios

The top 5 performing law schools according to "salary-to-debt" data.

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stat imageComing very soon: the 2016 ATL Top 50 Law School Rankings. Our rankings focus exclusively on the only thing that really matters: outcomes.

This year, we’ve added a new wrinkle to our methodology: a “salary-to-debt” ratio, courtesy of our friends at SoFi, who have mined their enormous database of loan refinancing applicants to give us a useful measure of which law schools graduate people “underwater.” SoFi has calculated the ratio between individual graduates’ average salaries versus their loan burden.

Supposedly, the “general rule of thumb” for student loan borrowing is that the total amount of student debt should not exceed the borrower’s anticipated annual salary for the first year out of school. Obviously, for most recent law school graduates, such a scenario is an utter pipedream. The average salary-to-debt ratio for all law school graduates was 0.94 (i.e., the grads’ annual salary is 94% of what they owe). And that’s with an average of six years since graduation.

But some schools do perform relatively well. Here are the top 5 performing law schools according to the SoFi salary-to-debt data:

1. Brigham Young (1.71)
2. Texas (1.38)
3. Georgia (1.37)
4. Yale (1.34)
5. Harvard (1.29)

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