WASHINGTON, Dec. 19 /PRNewswire-USNewswire/ -- Law school debt,
according to a nationwide survey released today by Equal Justice Works, is
harming the legal profession and our justice system. Public service is a
calling for many law school graduates, but research on employment trends
finds an alarming shortage of public sector and social justice jobs that
provide a reasonable standard of living for those with educational debt,
which now stands between many law school graduates and their desire to
pursue public service careers.
The mortgage-sized debt burdens of law school graduates have
far-reaching effects according to "Financing the Future: Responses to the
Rising Debt of Law Students." It is issued by Equal Justice Works, the
leading national group organizing, training and supporting public service
minded law students and creating summer and postgraduate public-interest
jobs.
"A recent public law school graduate with average law debt earning an
average public interest salary will have about $1,500 monthly to pay for
rent, groceries and all the other expenses of living after making a
standard monthly payment on their law loans," says Heather Wells Jarvis,
author of the study and program manager for law school advocacy and
outreach at Equal Justice Works. High debt and low salaries affect
recruitment and retention in the government and nonprofit workforce and
threaten to strike a debilitating blow to the future of full-time public
service, says Jarvis.
The main problem, Jarvis says, is that scores of low-income people lose
access to justice when high debt prevents lawyers from serving in
government and nonprofit organizations. Public service jobs include those
dealing with disaster relief, immigrant, disability and civil rights
issues, among others.
Jarvis noted positive developments, however. The report finds that many
law schools, states and philanthropists are responding to the crisis by
establishing and improving financial programs for lawyers entering public
interest and public service fields.
More than 80 percent of law school grads borrow to pay for their law
degree. On average, the amount borrowed was close to $80,000 at a private
school and a little more than $50,000 at a public school. The median entry-
level salary for an attorney in a public-interest organization was $40,000.
As student debt grows, more law schools are establishing Loan Repayment
Assistant Programs, or LRAPs. The report notes that in 2000, 47 law schools
reported having LRAPs; by 2004, 81 law schools had LRAPs. This year, 100
law schools (about half of the nation's law schools) have these programs.
Fifty- five law schools have public interest scholarships and 22 schools
report funding postgraduate public interest fellowships.
Unfortunately, Jarvis found, "many financial assistance programs
provide relatively modest benefits to graduates, considering the vast
burden of educational debt."
"Financing the Future" provides detailed information on available debt
relief programs, including public interest scholarships, loan repayment
assistant programs (LRAPs) and postgraduate public interest fellowship
programs. It is available at http://www.equaljusticeworks.org.
Equal Justice Works, a nonprofit, nonpartisan 501(c)(3) organization,
was founded in 1986 by law students dedicated to working for equal justice
on behalf of underserved communities and causes. Today, Equal Justice Works
is the national leader in creating summer and postgraduate public interest
opportunities for law students and lawyers as well as in urging more public
interest programming at law schools. For more information about Equal
Justice Works, visit http://www.equaljusticeworks.org.
SOURCE Equal Justice Works
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CONTACT: Dottie Li, Director of Communications of Equal Justice Works, +1-202-466-3686 ext. 102, or dli(At)equaljusticeworks.org ; Web: http://www.equaljusticeworks.org
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