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<p>Okay. So you know that at least 0.79*0.86 = 67% of JD grads are employed. It could be as high as 81%, but non-response bias suggests it’s in the low end of that range. So it looks like 30% of Mississippi grads could not find legal jobs. Fortunately, the average indebtedness is sort of low, although $40K is pretty terrifying for the 30% who are unemployed and in any case you have to remember that it’s an average, not a ceiling.</p>
<p>Now understand that there are lots of students who pay much, much more than that to go to worse law schools. </p>
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<p>Well, the idea is to encourage students not to go to law school if they don’t have a concrete, realistic plan to deal with the debt.</p>