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Read the Fine Print for Merit Aid
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Read the Fine Print for Merit Aid
As we have documented in previous blog posts, candidates for bachelor's degrees are leaving college with an average of $24,000 in educational debt and increasing numbers of college students struggle to repay their student loans.
For those who pursue advanced and professional degrees, the situation is also dire. For example, the American Bar Association's Legal Education Statistics for the 2008-2009 academic year indicate that the average amount borrowed by law school graduates attending public school was $66,045. Private law school graduates had borrowed $100,003.U.S. News & World Report
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