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Law school debt estimates exceed $200,000 for class of 2015

Non-profit group reports corrections after underestimating figures

Last week, Law School Transparency, a non-profit group that provides law education information to prospective law students, released data estimating that students in the class of 2015 will rack up an average of $195,265 in law school debt.

Now, the group says its estimate was about $15,000 too low.

According to the Wall Street Journal, Law School Transparency has recalculated its law school debt estimates after correcting data for schools that underreported cost-of-living expenses and the group’s own errors in analyzing data from U.S. News & World Report.

Law School Transparency now estimates that the class of 2015 will owe an average of $210,796. As for the class of 2016, the group estimates that students will accrue an average of $216,406 in debt, an increase from its estimate of $200,595 last week.

In a comment responding to criticism of Law School Transparency’s error, executive editor Kyle McEntee apologized for the oversight, saying the group was “deeply embarrassed.”

See Law School Transparency’s revised data here.

For more law school-related news, read:

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Contributing Author

Ashley Post

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