Questioning the Value of Law School

April 27, 2010

Legal scholars and bloggers are increasingly debating whether law school is a worthwhile investment to make, the Chicago Tribune reported. Many are discussing the idea of a "bubble" similar to the one that devastated the subprime mortgage market. Here's how the article summarized the theory, as suggested by Christine Hurt, a University of Illinois law professor: "Double-digit tuition increases in the last 25 years have priced law schools out of reach for many. Yet the promise of a career at a big law firm with its six-figure paychecks kept boosting enrollment. Easy credit allowed more students to finance their law degrees. All of a sudden law firms lay off droves of attorneys and limit the number of new hires, leaving graduates out of work with more than $100,000 in loans to repay."

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