Wednesday, March 23, 2016
Newly-released data by the Law School Survey of Student Engagement (LSSSE) analyzes law student debt trends during the 10-year period, 2006 to 2015. The report,How a Decade of Debt Changed the Law Student Experience, provides a compelling view of the rising nature of law student debt and how those trends affected various aspects of the student experience. The report also explores the nature and sources of law student stress. . . .
About three-quarters of respondents reported that concerns about academic performance and academic workload were sources of high stress and anxiety. More than half of respondents indicated that concerns about job prospects and finances (including student debt) were sources of high stress and anxiety.
Higher expected debt was associated with higher stress and anxiety. More than half of respondents who expected to owe more than $80,000 reported experiencing high levels of stress or anxiety during the school year, compared to 41% of those who expected no debt.
In 2015, 70% of respondents who expected to owe more than $120,000 reported high levels of stress relating to finances and student loans, compared to only 9% of respondents expecting no debt.
You can read more about the distressing report here.