Debt Slavery And Student Loans On Our Mind

It seems that debt slavery is on the minds of many right now.  My recent article on Bankruptcy Law Network was picked up by another legal commentator, Chuck Newton, in his article Is Debt Enslaving You?  Chuck, a lawyer himself, has a daughter in law school.  He talks about the high cost of a legal education and relates this to his own daughter’s legal education.  By the way, Chuck Newton is also married to a lawyer.  It seems that even a two lawyer family has its financial limitations.

The cost of a legal education is no joke.   According to a 2006 National Law Journal article on the cost of a legal education, as quoted on the law.com website, 80% of law students need to borrow to complete their legal education.  The average private law school graduate owes $76,763 and public law school graduates owe $48,910 when they graduate.