Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.
You may have to find a new way to make mom proud.
A new report from the New American Foundation shows problematic debt levels for graduate students — an 8 percent annual rise for the last four years. Law school in particular is known for its hefty tuition bills — the average debt load for law students in 2012 was just over $140,000.
And applications have plummeted in the past few years.
At the same time, John Cashman, vice president for law firm recruiting at Major, Lindsey & Africa says the state of the job market right now for lawyers is “dicey.”
“I think the value of a law degree is basically the same,” Cashman adds. “What’s changed, is the calculation of risk and return is much more important.”
*CORRECTION: An earlier version of this story misstated the spelling of the name of the law firm Major, Lindsey & Africa. The text has been corrected.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.