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Navigating Law School Debt Crisis: Realistic Salary Expectations & Potential Solutions

Explore the impact of law school debt on salary expectations, job prospects, and possible fixes in legal education to address the current crisis.

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Navigating Law School Debt Crisis: Realistic Salary Expectations & Potential Solutions

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  1. http://www.cnn.com/video/?/video/us/2010/08/27/college.grad.blues.cnnhttp://www.cnn.com/video/?/video/us/2010/08/27/college.grad.blues.cnn http://www.youtube.com/watch?v=g-_wDwmOQ1U&feature=player_embedded http://www.youtube.com/watch?v=nMvARy0lBLE&feature=youtu.be http://www.npr.org/2012/01/16/145179563/do-law-schools-cook-their-employment-numbers http://www.youtube.com/watch?v=hQsPC2n4T6Q http://www.youtube.com/watch?v=y05HnXomG88&feature=iv&src_vid=ShliKfsLQo0&annotation_id=annotation_566398 http://balkin.blogspot.com/2010/11/my-deans-vision-speech.html http://www.nytimes.com/2012/11/29/opinion/law-school-is-worth-the-money.html?_r=0 Setting the scene

  2. Debt and the Pursuit of the Public Interest Among Lawyers and Law Students SVHE Conference 2013

  3. Job market

  4. Should students expect a higher than average salary (even accounting for student debt) simply because they decided to study for 3 years when their peers did not?

  5. Scamblogging • http://insidethelawschoolscam.blogspot.com/ (see in particular http://insidethelawschoolscam.blogspot.com/2011_08_01_archive.html) • http://thirdtierreality.blogspot.com/ • http://butidideverythingrightorsoithought.blogspot.com/ • http://subprimejd.blogspot.com/ • … and on and on …

  6. http://lsatblog.blogspot.com/2012/04/law-school-applicant-numbers.htmlhttp://lsatblog.blogspot.com/2012/04/law-school-applicant-numbers.html

  7. From http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2270175

  8. Debt http://www.nytimes.com/2011/07/17/business/law-school-economics-job-market-weakens-tuition-rises.html?ref=davidsegal

  9. http://www.nytimes.com/2011/05/01/business/law-school-grants.html?pagewanted=1&src=rechphttp://www.nytimes.com/2011/05/01/business/law-school-grants.html?pagewanted=1&src=rechp

  10. Earnings Premium for JDs compared to Bachelors Degree: $53,300 annually. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2270175 But see, response: http://abovethelaw.com/2013/07/another-garbage-study-offering-misleading-statistics-on-the-value-of-a-law-degree/ News coverage here: http://dealbook.nytimes.com/2013/07/18/debating-yet-again-the-worth-of-law-school/

  11. Teaching – Not Teaching? New York Times front page article: David Segal, What They Don’t Teach Law Students: Lawyering, Nov. 19, 2011

  12. Some Radical and Not-So-Radical Proposals • Move from 3 year program to 2 year program • Paying Students to Quit Law School (Akhil Reed Amar & Ian Ayres) • Work Co-ops Integrated Throughout (Northeastern Law School’s model) • Systematic Reductions in Class Size (common) • School-based Job Incubators • Reducing the Main Campus “Tax” or “Take”

  13. Carnegie Report: Emphasis on Practice and Experiential Education in 2L and 3L Years

  14. Traditional Law Student Model Abandon Public Interest Commitment Sometime During Law School After Taking On Considerable Debt

  15. Current Crisis Model Take Whatever Job is Available After Taking On Considerable Debt

  16. Realistic Salary Expectations and Loan Assistance Possible Fixes Law School – Employer Relations Focus on Practice Reduce / Inform Applicants Assume Tremendous Debt?

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