scholarly journals Educational Debt Burden and Career Choice: Evidence from a Financial Aid Experiment at NYU Law School

2006 ◽  
Author(s):  
Erica Field
Keyword(s):  
Career Choice ◽  
Financial Aid ◽  
Law School ◽  
Debt Burden ◽  
Educational Debt

scholarly journals Educational Debt Burden and Career Choice: Evidence from a Financial Aid Experiment at NYU Law School

2009 ◽  
Vol 1 (1) ◽  
pp. 1-21 ◽  
Author(s):  
Erica Field
Keyword(s):  
Career Choice ◽  
Financial Aid ◽  
Public Interest ◽  
Law School ◽  
The Other ◽  
Psychological Responses ◽  
Public Interest Law ◽  
Debt Burden ◽  
Monetary Value ◽  
Educational Debt

This paper examines the influence of psychological responses to debt on career choices from an experiment in which alternative financial aid packages were assigned by lottery to a set of law school admits. The packages had equivalent monetary value, but one required the student to take on a loan that would be paid for by the school if he worked in public interest law, while the other covered tuition as long as the student worked in public interest law. If he did not, the student would be required to reimburse the school. Tuition assistance recipients have a 36 to 45 percent higher public interest placement rate and, when lottery results were announced before enrollment, were twice as likely to enroll. (JEL I21, I22, J44, D14)

Educational Debt and Law Student Failure to Enter Public Service Careers: Bringing Empirical Data to Bear

2006 ◽  
Vol 31 (03) ◽  
pp. 677-708 ◽  
Author(s):  
Christa McGill
Keyword(s):  
Public Service ◽  
Law School ◽  
Law Students ◽  
Short Supply ◽  
Individual Level ◽  
Debt Burden ◽  
Student Failure ◽  
Level Data ◽  
Law School Graduates ◽  
Law Student

It is frequently suggested that law school debt is preventing new law school graduates from entering public service careers. The basis for this contention is largely anecdotal, however. This study puts the presumption to empirical scrutiny. Aggregate data from law schools and individual-level data from law students both point to the same conclusion: law students may indeed be competing in a money chase, but it is not because of their indebtedness. Private firms with prestige and high salaries are appealing to many students regardless of their debt burden. And government and public interest jobs may be in too short supply to meet the demand of non-elite students who are essentially closed out of the high-paying jobs in larger firms. The biggest barrier between these students and public service jobs may be the lack of supply of these jobs, not the lack of demand for them.

The Debt Burden of Entry-Level Physical Therapists

2019 ◽  
Vol 100 (4) ◽  
pp. 591-599 ◽  
Author(s):  
Steven B Ambler
Keyword(s):  
Clinical Practice ◽  
Physical Therapy ◽  
Physical Therapists ◽  
Small Sample Size ◽  
Small Sample ◽  
Student Debt ◽  
Practice Setting ◽  
Entry Level ◽  
Debt Burden ◽  
Educational Debt

Abstract Background The growing student debt of physical therapists entering the workforce, coupled with the growth in projected need, raises concerns about where and how entry-level physical therapists will practice and if these choices will be affected by their debt burden. Objective The purpose of this study was to identify the debt profile of entry-level physical therapists and explore relationships between student debt and clinical practice setting choices. Methods This study utilized a cross-sectional survey design to identify debt profiles and explore relationships between student debt and the clinical practice choices of entry-level physical therapists. Results The mean debt-to-income ratio based on the total reported educational debt was 197% (93%). The most frequently reported debt range for doctor of physical therapy (DPT) debt and total educational debt was $100,000 to $124,999. Despite the setting itself being rated as the most important factor (83%), 28% of participants reported debt as a barrier to their desired practice setting. In addition, when considering job choice overall, 57% of the participants reported that their student debt has had an effect on their decision. Limitations This study is limited by its small sample size, originating from 1 state, and being taken by convenience from a special interest group. Data were collected via an anonymous survey, which increases the risk of selection bias. In addition, there are further personal, family, and institutional characteristics that were not collected in this study, which may influence the interaction between student debt and clinical practice choices. Conclusion The results of this study suggest that practice setting choice may be affected by physical therapist student debt, and student debt may be a barrier overall to practice and career choices in physical therapy.

Vaccine delays will hold back Thai tourism revival

2021 ◽  
Keyword(s):  
Financial Aid ◽  
Small Businesses ◽  
Content Type ◽  
Travel And Tourism ◽  
Debt Burden ◽  
The Government ◽  
To Receive ◽  
Visitor Numbers ◽  
Roll Out

Significance In 2019, travel and tourism contributed nearly 20% of GDP, directly and indirectly, but visitor numbers in 2020 fell by more than 80%. The authorities are trying to control a fresh coronavirus outbreak while finalising arrangements for a vaccine roll-out, which was meant to start on February 14 but has been delayed. Impacts The government will continue to extend financial aid to ease the debt burden of small businesses and households. Officials may prioritise vaccination of tourism workers to prepare the industry to receive foreign visitors. Thailand will likely procure more COVID-19 vaccines from China, India and Russia.

In the Beginning: Creation Stories

2020 ◽  
pp. 49-80
Author(s):  
Amanda Hollis-Brusky ◽  
Joshua C. Wilson
Keyword(s):  
Financial Aid ◽  
Training Programs ◽  
Law School ◽  
Law Schools ◽  
Support Structure ◽  
In The Beginning ◽  
Creation Stories ◽  
And Training

This chapter outlines the visions for the intentionally transformative missions—or “Christian Worldviews”—of newly created Christian conservative law schools and training programs. It gives detailed institutional histories of Regent Law School, Liberty Law School, Ave Maria School of Law, and Alliance Defending Freedom’s Blackstone Legal Fellowship. The chapter also previews some of the constraints and challenges these institutions faced initially (and continue to face) in attempting to realize their transformative missions. Principally, these constraints relate to finances and patronage, accreditation, financial aid, and licensing requirements for attorneys. The chapter then relates these constraints back to the Support Structure Pyramid.

Predicting Law School Enrollment: The Strategic Use of Financial Aid to Craft a Class

2017 ◽  
Author(s):  
Heeyun Kim ◽  
Meghan Oster ◽  
Natsumi Ueda ◽  
Stephen DesJardins
Keyword(s):  
Financial Aid ◽  
School Enrollment ◽  
Law School

Combining the Professions of Pharmacy and Law

1989 ◽  
Vol 2 (2) ◽  
pp. 63-69
Author(s):  
Frederick H. Branding
Keyword(s):  
United States ◽  
United Nations ◽  
Career Choice ◽  
The United States ◽  
Law School ◽  
Pharmacy Education ◽  
Drug Control ◽  
Drug Law ◽  
The United Nations ◽  
Food And Drug Law

A practicing pharmacist and lawyer describes his decision to go to law school after completing pharmacy school and where that career choice has led him. He has been able to utilize his pharmacy education to help put himself through law school, to prosecute and defend cases on behalf of the United States, to assist with international drug control by the United Nations, and to teach food and drug law at a law school. The combination of professions has proven to be exciting, challenging, and rewarding.

The Effect on Lawyers Income of Gender Information Contained in First Names

2016 ◽  
Vol 0 (0) ◽  
Author(s):  
Bentley Coffey ◽  
Patrick A. McLaughlin
Keyword(s):  
Confounding Factor ◽  
Legal Profession ◽  
Law School ◽  
Primary Data ◽  
Common Cause ◽  
Educational Debt ◽  
Gender Information ◽  
Robust Evidence

AbstractWe test the Portia Hypothesis – that a more masculine name improves a woman’s legal career – using primary data that we collected so that we can control for an arguably important, but previously omitted, confounding factor: the woman’s parents. In theory, a correlation between nominal masculinity and success may be due to a common cause: parents’ ability to advance their children’s career prospects and the more able parents having an irrelevant preference for masculine names. We control for the family’s wealth by using their child’s educational debt at the time of graduating from law school and for the family’s reputation, within the legal profession, by using the probability of being a lawyer conditional upon their last name. We find robust evidence that a more masculine name improves a woman’s earnings as a lawyer, even when we control for her parents’ wealth and reputation.

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