Bloomberg Law
July 17, 2015, 1:21 PM UTC

ABA Mulls Law School Debt Counseling

Juliette Fairley

To cover three years of tuition and books at St. John’s University School of Law on Long Island, Stephen Preziosi took on $75,000 in student loans and lived at home with his parents.

“There were no other options at the time,” Preziosi told Big Law Business. “Scholarships were limited.”

He graduated in 1999, and is now an appellate lawyer in Manhattan, but is still paying back his loans — which look small compared to what most graduates now face: The cost of law school has ballooned and today, the average graduate leaves with $122,158 in debt for a private school education and $84,000 for graduates of public schools, ...

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