Legal Business as Usual | Guest: Jerry Organ

When:  Oct 21, 2021 from 07:30 to 09:00 (CT)

Legal Business as Usual with UST's Jerry Organ - Impact of Law School Debt

Business as Usual is MSBA's bi-weekly legal news webcast. We log in early - 7:30 am! We spend the first 30 minutes chatting about what we're reading in the legal news before starting our 'formal' interview at the top of the hour.

The ABA's Young Lawyers Division just released selected  findings from its Student Loan Survey. Here are a few: 

  • Most young lawyers who borrowed for their education report their debt has caused them to delay or forego pursuit of traditional life milestones that were commonplace in the past, such as purchasing a home, marriage, and starting a family.
  • Black borrowers reported higher J.D. debt balances than any other racial/
    ethnic group and were most likely to report their current debt balance is higher now than at graduation.
  • More than half of respondents reported feeling financially insecure, either some or all the time.

We'll discuss these findings and other reports with a nationally-recognized expert in law school affordability, Jerry Organ, of the University of St. Thomas. Having served for four years as Associate Dean of Academic Affairs, Organ has recently taken on responsibilities as the Co-director of the Holloran Center for Ethical Leadership in the Professions. His current research is directed toward transparency in financial aspects of the decision to attend law school – addressing both scholarship programs for students and employment and salary data of graduates.  In addition, he is working on obtaining funding for a survey of law students to assess the extent to which alcohol consumption, drug use and mental health issues are prevalent among law students.  He also is working with the Holloran Center on developing assessment tools to document the development of professional identity among law students.

Our co-hosts are Landon Ascheman, Jess Birken, Rep. Athena Hollins, and Mike Carlson.

Program Manager: Mike Carlson, mcarlson@mnbars.org | 612-278-6336