Specifically, he discusses a new study that was put out by professors Michael Simkovic (of Seton Hall and Harvard) and Frank McIntyre of Rutgers which argues that there is a one million dollar premium for law school grads when compared to their BA-holding counterparts. The study, in its original form, can be found here.
I've said that the largest issue with law school in its current state is simply the cost of attendance. UCLA, for example, currently has a tuition of approximately $45,000 per year not including living expenses. Such staggering numbers are what make law school a risky bet for the thousands of students that matriculate each year. Interestingly, as far as I can tell, this study does not address the debt levels of law school graduates. Therefore, while law school grads may hold a premium in income, I sincerely am wondering what such a premium actually means in the face of six-figure debt levels. Elie Mystal of ATL (link) puts it this way:
Put another way, I could say: “Manhattan offers the best home buying opportunities in the entire world, IF YOU DON’T LOOK AT HOW MUCH IT COSTS OR TAXES!!!!!Indeed.
