What If The Gainful Employment Rule Were Applied to All Law Schools?

[UPDATE 2015-07-17: Because this post received so much traffic since I first ran it, I’ve updated the Gainful Employment Rule table to only show the total incomes law schools’ graduates would need to earn for their schools to pass (or not pass) under the rule. It occurred to me that even if the discretionary income result is lower than the total income number, the results the formulas produce are still equivalent. This means I can show you like-by-like comparisons, which are more informative. I’m not editing the rest of the text, so consider this update mutatis mutandis.]

The first draft of my latest article on The American Lawyer about the gainful employment rule asked that question, but I realized that reporting on the for-profits alone was more important. The broader question is much more appropriate for a blog post, and since another federal court upheld the rule, it appears it’ll stick around. So, here you go.

To recap, the Department of Education’s gainful employment rule applies two debt-to-earnings tests to a college’s debtors: one based on their total annual incomes and the other their annual discretionary incomes. The tests create three results: passing, falling “in the zone,” or failing. Passing either test gives the school an overall passing grade for that year, not passing either test but not failing puts them “in the zone,” but failing is failing. Sorry if there’s some equivocation among these terms; I blame the rule.

Failing in a given year won’t kill a school’s access to federal loans, but certainly four years of failing or being in the zone will do the trick.

So:

  • Passing either debt-to-earnings test means debt payments are less than or equal to
    • 8 percent of total annual income, or
    • 20 percent of annual discretionary income.
  • The “zone” means debt payments are greater than
    • 8 percent of total annual income but less than or equal to 12 percent of annual income, or
    • 20 percent of annual discretionary income but less than or equal to 30 percent of discretionary income.
  • Failing occurs when debt payments are greater than
    • 12 percent of total annual income, or
    • 30 percent of annual discretionary income.

Got it? Good. If not, reread the article. I hate explaining this rule.

Rather than giving the numbers for both tests, I’m going to display the class of 2014’s mean debt (weighted with non-debtors (because I’m fair)), the minimum income (discretionary or total) needed to pass either test or at least stay in the zone, and the unemployment rate (“seeking” and “not seeking” employment, but excluding “deferred start dates”). The numbers will differ slightly from what I published in the article last week.

As for which test you’re seeing, since it’s somewhat important, the annual income test is the lesser test until about $43,000. After that, you are seeing the minimum discretionary income graduates need to be earning for the school to pass the test. That means they need to be earning even more money than what’s stated.

CLASS OF 2014 GAINFUL EMPLOYMENT INCOME RULE REQUIREMENTS
SCHOOL WTD AVG DEBT MIN PASS MIN ZONE TOT UNEMP
Howard $23,060 $20,178 $13,452 12.4%
Brigham Young $39,026 $34,148 $22,765 7.2%
Hawaii $39,949 $34,955 $23,304 15.5%
Alabama $45,830 $40,102 $26,734 3.5%
Lewis and Clark $47,014 $41,137 $27,425 15.4%
Arkansas (Fayetteville) $48,927 $42,811 $28,540 7.0%
Nebraska $49,758 $43,538 $29,026 6.0%
North Carolina Central $49,932 $43,691 $29,127 14.1%
District of Columbia $51,954 $45,460 $30,307 25.2%
Tennessee $52,961 $46,341 $30,894 14.6%
Wyoming $52,999 $46,374 $30,916 23.9%
North Dakota $55,743 $48,776 $32,517 13.2%
Connecticut $56,813 $49,711 $33,141 9.1%
Arkansas (Little Rock) $58,407 $51,106 $34,071 12.8%
Missouri (Columbia) $58,541 $51,224 $34,149 8.9%
Georgia State $58,650 $51,319 $34,213 5.6%
Mississippi $59,132 $51,741 $34,494 12.3%
Kentucky $60,629 $53,051 $35,367 5.6%
Wisconsin $61,117 $53,478 $35,652 7.6%
Kansas $61,410 $53,734 $35,822 8.4%
SUNY Buffalo $61,568 $53,872 $35,915 9.9%
New Mexico $61,795 $54,071 $36,047 3.6%
Liberty $63,917 $55,927 $37,285 25.0%
Georgia $63,954 $55,960 $37,307 13.6%
Texas Tech $64,047 $56,041 $37,361 18.8%
Northern Illinois $64,061 $56,053 $37,369 9.1%
Montana $64,094 $56,083 $37,388 11.3%
City University $64,284 $56,248 $37,499 20.7%
Oklahoma $64,613 $56,537 $37,691 7.7%
Florida $65,104 $56,966 $37,977 9.4%
Memphis $66,326 $58,035 $38,690 18.3%
Akron $66,681 $58,346 $38,897 8.7%
Cincinnati $66,697 $58,360 $38,906 10.4%
South Carolina $66,826 $58,473 $38,982 7.4%
Northern Kentucky $67,221 $58,818 $39,212 9.6%
Arizona State $67,227 $58,824 $39,216 1.5%
Florida State $68,319 $59,779 $39,853 6.0%
Wayne State $68,698 $60,110 $40,074 11.2%
Michigan State $69,711 $60,997 $40,665 1.2%
Houston $70,931 $62,065 $41,377 7.4%
South Dakota $71,067 $62,183 $41,456 6.2%
Boston University $71,181 $62,283 $41,522 6.5%
California-Davis $71,993 $62,994 $41,996 10.1%
Temple $72,019 $63,017 $42,011 9.1%
Washburn $72,555 $63,485 $42,323 8.9%
Indiana (Bloomington) $72,726 $63,635 $42,423 6.8%
Southern University $73,214 $64,062 $42,708 23.0%
Louisiana State $73,366 $64,195 $42,797 3.1%
Texas A&M [Wesleyan] $73,485 $64,299 $42,866 18.5%
West Virginia $73,712 $64,498 $42,999 8.5%
Utah $74,002 $64,751 $43,168 8.1%
Duquesne $74,172 $64,901 $43,267 13.5%
Arizona $74,516 $65,201 $43,468 4.9%
Texas $74,642 $65,312 $43,541 6.8%
Boston College $74,695 $65,358 $43,572 6.6%
North Carolina $74,905 $65,542 $43,694 11.9%
Maryland $75,615 $66,163 $44,109 8.8%
Illinois $76,374 $66,827 $44,552 5.9%
Campbell $76,555 $66,986 $44,657 13.6%
Iowa $76,670 $67,086 $44,724 2.3%
Washington University $76,828 $67,225 $44,816 1.2%
Drexel $77,209 $67,558 $45,038 11.3%
William and Mary $77,805 $68,079 $45,386 8.4%
Indiana (Indianapolis) $78,287 $68,501 $45,668 7.9%
Florida International $79,037 $69,158 $46,105 6.5%
Villanova $79,097 $69,209 $46,140 9.5%
Nevada $79,742 $69,775 $46,516 10.1%
Ohio State $80,527 $70,462 $46,974 1.4%
Pittsburgh $80,700 $70,612 $47,075 12.7%
Cleveland State $80,891 $70,780 $47,186 13.9%
Rutgers-Newark $81,451 $71,270 $47,513 8.4%
Idaho $81,604 $71,404 $47,602 8.1%
Louisville $82,077 $71,818 $47,879 7.1%
Baylor $82,833 $72,479 $48,319 11.8%
California-Irvine $83,342 $72,924 $48,616 10.8%
Tulsa $83,416 $72,989 $48,659 5.1%
Washington $83,732 $73,266 $48,844 14.0%
Maine $84,452 $73,895 $49,263 14.7%
Minnesota $84,834 $74,230 $49,486 6.9%
Cardozo, Yeshiva $85,151 $74,507 $49,671 15.3%
Toledo $87,232 $76,328 $50,885 17.9%
St. Thomas (MN) $87,349 $76,430 $50,954 8.4%
Washington and Lee $87,538 $76,595 $51,064 12.6%
Richmond $88,304 $77,266 $51,511 7.4%
Detroit Mercy $88,604 $77,529 $51,686 16.9%
St. John’s $89,567 $78,371 $52,248 8.9%
Yale $90,162 $78,891 $52,594 3.9%
Brooklyn $90,813 $79,461 $52,974 9.9%
Notre Dame $91,274 $79,865 $53,243 3.9%
Oregon $92,133 $80,616 $53,744 14.1%
Chicago-Kent, IIT $92,311 $80,772 $53,848 8.9%
Vanderbilt $92,969 $81,347 $54,232 2.6%
California-Los Angeles $93,221 $81,568 $54,379 6.3%
Emory $93,473 $81,789 $54,526 2.6%
Massachusetts — Dartmouth $93,819 $82,092 $54,728 16.0%
Fordham $94,187 $82,413 $54,942 9.8%
Baltimore $95,222 $83,319 $55,546 11.5%
Wake Forest $95,703 $83,741 $55,827 7.0%
St. Mary’s $95,761 $83,791 $55,861 17.9%
Southern Methodist $95,955 $83,961 $55,974 6.7%
Seton Hall $96,075 $84,066 $56,044 6.3%
Case Western Reserve $96,159 $84,139 $56,092 9.5%
Pennsylvania $96,201 $84,176 $56,118 0.4%
South Texas $96,686 $84,600 $56,400 9.2%
Dayton $97,598 $85,398 $56,932 11.4%
Colorado $97,675 $85,466 $56,977 4.2%
Quinnipiac $99,563 $87,118 $58,079 14.2%
Stanford $99,947 $87,454 $58,302 2.7%
Duke $100,325 $87,784 $58,523 2.8%
Samford $100,526 $87,960 $58,640 13.2%
Oklahoma City $100,825 $88,222 $58,815 5.6%
Mississippi College $101,946 $89,203 $59,469 21.1%
Syracuse $102,107 $89,343 $59,562 11.4%
Drake $102,326 $89,535 $59,690 9.2%
Suffolk $102,844 $89,989 $59,992 14.4%
Southern California $102,872 $90,013 $60,009 5.1%
William Mitchell $102,986 $90,113 $60,075 7.3%
Virginia $103,102 $90,214 $60,143 2.3%
Ohio Northern $104,531 $91,465 $60,976 18.1%
Loyola (LA) $104,924 $91,808 $61,206 19.3%
Pace $105,075 $91,940 $61,294 14.3%
San Diego $105,351 $92,182 $61,455 18.3%
Harvard $105,951 $92,707 $61,805 2.4%
Michigan $105,978 $92,731 $61,821 2.6%
Mercer $106,506 $93,193 $62,128 13.3%
Capital $106,628 $93,299 $62,200 31.3%
Tulane $107,133 $93,742 $62,494 9.7%
Hamline $107,514 $94,075 $62,717 8.7%
George Mason $107,715 $94,250 $62,833 2.7%
Gonzaga $107,940 $94,448 $62,965 16.0%
Chicago $108,521 $94,956 $63,304 1.9%
Penn State (Dickinson) $108,981 $95,358 $63,572 14.8%
New Hampshire $109,322 $95,657 $63,771 10.3%
New York University $109,331 $95,664 $63,776 1.3%
Western State $109,519 $95,829 $63,886 11.6%
DePaul $109,529 $95,838 $63,892 18.9%
George Washington $110,250 $96,469 $64,312 5.3%
Roger Williams $110,547 $96,729 $64,486 17.9%
Pepperdine $110,599 $96,774 $64,516 18.2%
Albany $110,656 $96,824 $64,550 14.2%
St. Louis $110,737 $96,895 $64,597 10.1%
Miami $110,761 $96,916 $64,610 7.7%
California-Berkeley $111,966 $97,970 $65,313 2.4%
Cornell $112,050 $98,044 $65,363 1.0%
Loyola (IL) $113,373 $99,201 $66,134 8.0%
Santa Clara $113,702 $99,489 $66,326 33.0%
Elon $113,902 $99,664 $66,443 27.9%
Denver $114,912 $100,548 $67,032 8.3%
Hofstra $114,917 $100,552 $67,035 7.9%
Ave Maria $115,045 $100,665 $67,110 33.6%
California-Hastings $116,260 $101,728 $67,818 22.1%
Regent $116,397 $101,847 $67,898 12.3%
Creighton $116,459 $101,902 $67,934 9.0%
Columbia $117,098 $102,461 $68,307 2.1%
Chapman $117,259 $102,602 $68,401 19.6%
Nova Southeastern $117,347 $102,679 $68,452 11.1%
Northeastern $117,379 $102,706 $68,471 14.4%
Marquette $118,389 $103,590 $69,060 9.8%
Georgetown $118,918 $104,053 $69,369 5.0%
Western New England $119,714 $104,750 $69,833 20.4%
John Marshall (Chicago) $121,990 $106,742 $71,161 8.8%
Valparaiso $122,769 $107,423 $71,615 20.9%
Catholic $123,026 $107,648 $71,765 13.4%
Stetson $123,167 $107,771 $71,847 7.2%
Widener $123,914 $108,425 $72,283 8.1%
Charleston $124,976 $109,354 $72,903 24.0%
Pacific, McGeorge $125,060 $109,428 $72,952 22.5%
Loyola (CA) $125,546 $109,853 $73,235 17.9%
Seattle $126,157 $110,388 $73,592 18.0%
Willamette $126,572 $110,751 $73,834 13.9%
St. Thomas (FL) $128,135 $112,118 $74,746 17.6%
Golden Gate $128,733 $112,642 $75,095 33.3%
Northwestern $130,452 $114,146 $76,097 7.2%
Touro $131,627 $115,173 $76,782 19.9%
Vermont $131,639 $115,184 $76,789 16.9%
American $132,232 $115,703 $77,135 15.2%
San Francisco $135,802 $118,827 $79,218 32.5%
California Western $137,589 $120,391 $80,260 23.7%
Whittier $137,958 $120,713 $80,475 24.2%
New York Law School $138,296 $121,009 $80,673 13.3%
Barry $141,716 $124,002 $82,668 17.7%
Florida Coastal $151,390 $132,466 $88,311 14.9%
Thomas Jefferson $156,925 $137,309 $91,540 29.0%

Note: Howard almost certainly published its graduates’ annual debt and not their total debts as it was asked, and this table excludes law schools that reported debt levels but not the percent of their graduates with debt.

I reckon that any law school whose graduates would need make $50,000 in discretionary annual income would probably fail the gainful employment rule in short order unless they were elite law schools with low unemployment rates. That’s about $100,000 in mean weighted debt, coincidentally—before interest. That’s at least 50 schools.

Kicking these law schools out of the federal loan program would be in keeping with the Department of Education’s stated goals for crafting the rule—accountability for student outcomes—but Congress won’t let it, which is why I found the comments to the department so galling. Some people claimed that graduate programs should be excluded from the rule because they didn’t face the same “employment challenges and return-on-investment considerations” compared to lower levels of higher education.

Looking at the above table … Right.

APPENDIX – OLD TABLE

**********

CLASS OF 2014 ON GAINFUL EMPLOYMENT
SCHOOL WTD AVG DEBT MIN PASS MIN ZONE TOT UNEMP
Howard $23,060 $20,178 $13,452 12.4%
Brigham Young $39,026 $34,148 $22,765 7.2%
Hawaii $39,949 $34,955 $23,304 15.5%
Alabama $45,830 $40,102 $26,734 3.5%
Lewis and Clark $47,014 $41,137 $27,425 15.4%
Arkansas (Fayetteville) $48,927 $42,811 $28,540 7.0%
Nebraska $49,758 $43,538 $29,026 6.0%
North Carolina Central $49,932 $43,691 $29,127 14.1%
District of Columbia $51,954 $44,434 $30,307 25.2%
Tennessee $52,961 $44,786 $30,894 14.6%
Wyoming $52,999 $44,800 $30,916 23.9%
North Dakota $55,743 $45,760 $32,517 13.2%
Connecticut $56,813 $46,134 $33,141 9.1%
Arkansas (Little Rock) $58,407 $46,692 $34,071 12.8%
Missouri (Columbia) $58,541 $46,740 $34,149 8.9%
Georgia State $58,650 $46,778 $34,213 5.6%
Mississippi $59,132 $46,946 $34,494 12.3%
Kentucky $60,629 $47,470 $35,367 5.6%
Wisconsin $61,117 $47,641 $35,652 7.6%
Kansas $61,410 $47,743 $35,822 8.4%
SUNY Buffalo $61,568 $47,799 $35,915 9.9%
New Mexico $61,795 $47,878 $36,047 3.6%
Liberty $63,917 $48,621 $37,285 25.0%
Georgia $63,954 $48,634 $37,307 13.6%
Texas Tech $64,047 $48,666 $37,361 18.8%
Northern Illinois $64,061 $48,671 $37,369 9.1%
Montana $64,094 $48,683 $37,388 11.3%
City University $64,284 $48,749 $37,499 20.7%
Oklahoma $64,613 $48,865 $37,691 7.7%
Florida $65,104 $49,036 $37,977 9.4%
Memphis $66,326 $49,464 $38,690 18.3%
Akron $66,681 $49,588 $38,897 8.7%
Cincinnati $66,697 $49,594 $38,906 10.4%
South Carolina $66,826 $49,639 $38,982 7.4%
Northern Kentucky $67,221 $49,777 $39,212 9.6%
Arizona State $67,227 $49,780 $39,216 1.5%
Florida State $68,319 $50,162 $39,853 6.0%
Wayne State $68,698 $50,294 $40,074 11.2%
Michigan State $69,711 $50,649 $40,665 1.2%
Houston $70,931 $51,076 $41,377 7.4%
South Dakota $71,067 $51,123 $41,456 6.2%
Boston University $71,181 $51,163 $41,522 6.5%
California-Davis $71,993 $51,448 $41,996 10.1%
Temple $72,019 $51,457 $42,011 9.1%
Washburn $72,555 $51,644 $42,323 8.9%
Indiana (Bloomington) $72,726 $51,704 $42,423 6.8%
Southern University $73,214 $51,875 $42,708 23.0%
Louisiana State $73,366 $51,928 $42,797 3.1%
Texas A&M [Wesleyan] $73,485 $51,970 $42,866 18.5%
West Virginia $73,712 $52,049 $42,999 8.5%
Utah $74,002 $52,151 $43,168 8.1%
Duquesne $74,172 $52,210 $43,267 13.5%
Arizona $74,516 $52,331 $43,468 4.9%
Texas $74,642 $52,375 $43,541 6.8%
Boston College $74,695 $52,393 $43,572 6.6%
North Carolina $74,905 $52,467 $43,694 11.9%
Maryland $75,615 $52,715 $43,894 8.8%
Illinois $76,374 $52,981 $44,071 5.9%
Campbell $76,555 $53,044 $44,113 13.6%
Iowa $76,670 $53,084 $44,140 2.3%
Washington University $76,828 $53,140 $44,177 1.2%
Drexel $77,209 $53,273 $44,265 11.3%
William and Mary $77,805 $53,482 $44,404 8.4%
Indiana (Indianapolis) $78,287 $53,651 $44,517 7.9%
Florida International $79,037 $53,913 $44,692 6.5%
Villanova $79,097 $53,934 $44,706 9.5%
Nevada $79,742 $54,160 $44,857 10.1%
Ohio State $80,527 $54,435 $45,040 1.4%
Pittsburgh $80,700 $54,495 $45,080 12.7%
Cleveland State $80,891 $54,562 $45,125 13.9%
Rutgers-Newark $81,451 $54,758 $45,255 8.4%
Idaho $81,604 $54,811 $45,291 8.1%
Louisville $82,077 $54,977 $45,401 7.1%
Baylor $82,833 $55,242 $45,578 11.8%
California-Irvine $83,342 $55,420 $45,696 10.8%
Tulsa $83,416 $55,446 $45,714 5.1%
Washington $83,732 $55,556 $45,787 14.0%
Maine $84,452 $55,808 $45,955 14.7%
Minnesota $84,834 $55,942 $46,045 6.9%
Cardozo, Yeshiva $85,151 $56,053 $46,119 15.3%
Toledo $87,232 $56,781 $46,604 17.9%
St. Thomas (MN) $87,349 $56,822 $46,631 8.4%
Washington and Lee $87,538 $56,888 $46,675 12.6%
Richmond $88,304 $57,156 $46,854 7.4%
Detroit Mercy $88,604 $57,261 $46,924 16.9%
St. John’s $89,567 $57,599 $47,149 8.9%
Yale $90,162 $57,807 $47,288 3.9%
Brooklyn $90,813 $58,035 $47,440 9.9%
Notre Dame $91,274 $58,196 $47,547 3.9%
Oregon $92,133 $58,497 $47,748 14.1%
Chicago-Kent, IIT $92,311 $58,559 $47,789 8.9%
Vanderbilt $92,969 $58,789 $47,943 2.6%
California-Los Angeles $93,221 $58,877 $48,002 6.3%
Emory $93,473 $58,966 $48,060 2.6%
Massachusetts — Dartmouth $93,819 $59,087 $48,141 16.0%
Fordham $94,187 $59,215 $48,227 9.8%
Baltimore $95,222 $59,578 $48,468 11.5%
Wake Forest $95,703 $59,746 $48,581 7.0%
St. Mary’s $95,761 $59,766 $48,594 17.9%
Southern Methodist $95,955 $59,834 $48,640 6.7%
Seton Hall $96,075 $59,876 $48,668 6.3%
Case Western Reserve $96,159 $59,905 $48,687 9.5%
Pennsylvania $96,201 $59,921 $48,697 0.4%
South Texas $96,686 $60,090 $48,810 9.2%
Dayton $97,598 $60,409 $49,023 11.4%
Colorado $97,675 $60,436 $49,041 4.2%
Quinnipiac $99,563 $61,097 $49,481 14.2%
Stanford $99,947 $61,231 $49,571 2.7%
Duke $100,325 $61,364 $49,659 2.8%
Samford $100,526 $61,434 $49,706 13.2%
Oklahoma City $100,825 $61,539 $49,776 5.6%
Mississippi College $101,946 $61,931 $50,037 21.1%
Syracuse $102,107 $61,987 $50,075 11.4%
Drake $102,326 $62,064 $50,126 9.2%
Suffolk $102,844 $62,245 $50,247 14.4%
Southern California $102,872 $62,255 $50,254 5.1%
William Mitchell $102,986 $62,295 $50,280 7.3%
Virginia $103,102 $62,336 $50,307 2.3%
Ohio Northern $104,531 $62,836 $50,641 18.1%
Loyola (LA) $104,924 $62,973 $50,732 19.3%
Pace $105,075 $63,026 $50,767 14.3%
San Diego $105,351 $63,123 $50,832 18.3%
Harvard $105,951 $63,333 $50,972 2.4%
Michigan $105,978 $63,342 $50,978 2.6%
Mercer $106,506 $63,527 $51,101 13.3%
Capital $106,628 $63,570 $51,130 31.3%
Tulane $107,133 $63,747 $51,248 9.7%
Hamline $107,514 $63,880 $51,337 8.7%
George Mason $107,715 $63,950 $51,383 2.7%
Gonzaga $107,940 $64,029 $51,436 16.0%
Chicago $108,521 $64,232 $51,572 1.9%
Penn State (Dickinson) $108,981 $64,393 $51,679 14.8%
New Hampshire $109,322 $64,513 $51,758 10.3%
New York University $109,331 $64,516 $51,760 1.3%
Western State $109,519 $64,581 $51,804 11.6%
DePaul $109,529 $64,585 $51,807 18.9%
George Washington $110,250 $64,837 $51,975 5.3%
Roger Williams $110,547 $64,941 $52,044 17.9%
Pepperdine $110,599 $64,960 $52,056 18.2%
Albany $110,656 $64,980 $52,070 14.2%
St. Louis $110,737 $65,008 $52,089 10.1%
Miami $110,761 $65,016 $52,094 7.7%
California-Berkeley $111,966 $65,438 $52,375 2.4%
Cornell $112,050 $65,468 $52,395 1.0%
Loyola (IL) $113,373 $65,931 $52,704 8.0%
Santa Clara $113,702 $66,046 $52,780 33.0%
Elon $113,902 $66,116 $52,827 27.9%
Denver $114,912 $66,469 $53,063 8.3%
Hofstra $114,917 $66,471 $53,064 7.9%
Ave Maria $115,045 $66,516 $53,094 33.6%
California-Hastings $116,260 $66,941 $53,377 22.1%
Regent $116,397 $66,989 $53,409 12.3%
Creighton $116,459 $67,011 $53,424 9.0%
Columbia $117,098 $67,234 $53,573 2.1%
Chapman $117,259 $67,291 $53,610 19.6%
Nova Southeastern $117,347 $67,321 $53,631 11.1%
Northeastern $117,379 $67,333 $53,638 14.4%
Marquette $118,389 $67,686 $53,874 9.8%
Georgetown $118,918 $67,871 $53,998 5.0%
Western New England $119,714 $68,150 $54,183 20.4%
John Marshall (Chicago) $121,990 $68,947 $54,714 8.8%
Valparaiso $122,769 $69,219 $54,896 20.9%
Catholic $123,026 $69,309 $54,956 13.4%
Stetson $123,167 $69,358 $54,989 7.2%
Widener $123,914 $69,620 $55,163 8.1%
Charleston $124,976 $69,992 $55,411 24.0%
Pacific, McGeorge $125,060 $70,021 $55,431 22.5%
Loyola (CA) $125,546 $70,191 $55,544 17.9%
Seattle $126,157 $70,405 $55,687 18.0%
Willamette $126,572 $70,550 $55,783 13.9%
St. Thomas (FL) $128,135 $71,097 $56,148 17.6%
Golden Gate $128,733 $71,307 $56,288 33.3%
Northwestern $130,452 $71,908 $56,689 7.2%
Touro $131,627 $72,319 $56,963 19.9%
Vermont $131,639 $72,324 $56,966 16.9%
American $132,232 $72,531 $57,104 15.2%
San Francisco $135,802 $73,781 $57,937 32.5%
California Western $137,589 $74,406 $58,354 23.7%
Whittier $137,958 $74,535 $58,440 24.2%
New York Law School $138,296 $74,654 $58,519 13.3%
Barry $141,716 $75,851 $59,317 17.7%
Florida Coastal $151,390 $79,237 $61,574 14.9%
Thomas Jefferson $156,925 $81,174 $62,866 29.0%

5 comments

  1. These numbers seems quite conservative to me–I believe that the reported debt numbers represent the amounts borrowed, rather than the amount owed at repayment (since interest begins accruing quickly, and builds up over three years of law school, debt at repayment would be significantly higher than the amount originally borrowed). I suspect the failure rate would be even worse if measured against debt at repayment, which makes your bottom-line conclusion even more troubling.

  2. The author of this blog says: “Got it? Good. If not, reread the article. I hate explaining this rule.”

    Thanks for the clarification.

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