The American Bar Association requires that all accredited law schools publish specific consumer information online regarding job placement and detailed employment statistics of graduates. According to data published by Charleston School of Law about the job placement of its 2014 graduating class, less than half of those graduates have found full-time and long-term employment in law firms. The school reports that only seventy-four (74) of those two hundred and one (201) graduates from the Charleston School of Law Class of 2014 currently have full-time and long-term employment in law firms. Similarly, the University of South Carolina’s law school reports that only seventy-six (76) of its two hundred and two (202) graduates from the Class of 2014 currently have full-time and long-term employment in law firms.
There is much speculation among these graduates and the legal community about why the numbers of employment are so low. After the recession of 2008, many law schools saw soaring numbers of enrollment. As a result of the declining economy and poor job market, many college graduates decided to pursue higher degrees by attending graduate programs or law schools. Now, the job market is saturated with candidates who hold juris doctorates. A surplus of young attorneys results in fewer jobs available and lower salaries.
Unfortunately, many students who chose to pursue a law degree financed their education. Upon applying for student loans, these borrowers believed that obtaining a law degree would result in higher starting salaries. These borrowers are now facing the harsh reality of the job market and are struggling to repay their six figure student loan debt. Student Loan Law Group recognizes the hefty burden that law school student loan debt places on borrowers. Student Loan Law Group consists of licensed attorneys who are well-versed in the ins and outs of student loan consolidation, income-driven repayment plans, preventing and curing defaults and ending wage, tax and Social Security garnishment.
Borrowers are encouraged to contact Student Loan Law Group immediately to determine their options and to learn how to manage their student loan debt effectively. Student Loan Law Group offers affordable consultations with attorneys who have painstakingly studied the niche area of law relating to student loans and debtors’ rights. Call 888-843-1706 or visit the Student Loan Law Group website today to learn more!