Web Excursions 2021-08-04
A reality check of the ROIs of US law schools; the interval between macOS 11.5 and 11.5.1 has been the shortest between releases since OS X.
Law School Loses Luster as Debts Mount and Salaries Stagnate
Recent graduates of the University of Miami School of Law who used federal loans borrowed a median of $163,000.
Two years later, half were earning $59,000 or less.
That’s the biggest gap between debt and earnings among the top 100 law schools as ranked by U.S. News & World Report
Graduates from a host of other well-regarded law schools routinely leave with six-figure student loans, then fail to find high-paying jobs as lawyers
Federal data suggest the value of a law degree from nonelite schools has diminished.
Salaries haven’t kept pace with inflation over the past 20 years.
Graduates who finished law school in 2019 earned a median $72,500 the following year,
That is about the same as graduates who finished school a decade earlier earned soon after graduating.
Meanwhile, tuitions have soared.
A three-year juris doctor program, including living expenses, now can cost more than $250,000 at private law schools.
Over the past decade, Miami has increased law-school tuition and fees by 43%, to $57,000 for the coming school year
That’s more than double the rate of inflation.
Between 1985 and 2019, the average annual tuition at private law schools nearly tripled to $49,000, adjusted for inflation
Law schools can charge higher and higher amounts knowing that students can tap the U.S. government’s Grad Plus loan program, which permits borrowing up to the cost of tuition, fees and living expenses.
Only a dozen of the nation’s law schools leave students earning annual salaries two years after graduation that exceed their debts,
Among them are Harvard University, Stanford University and the University of Pennsylvania.
Even at some of the most prestigious law schools—those in U.S. News’s top 30—students are borrowing far more than they will earn soon after graduation,
including at George Washington University and Emory University.
Starting lawyer salaries generally fall into two clusters:
$45,000 to $75,000 for public service and small-firm attorneys, and
around $190,000 for large firm jobs
More experienced associates at large law firms can earn upward of $250,000—far more than their peers at small firms or in the public sector.
But more than half of entry-level jobs at high-paying firms have gone to graduates of just top 20 ranked schools
Paying off a student loan over 10 years, once considered standard, is difficult for many law-school graduates with six-figure debt.
Roughly two in three recent law-school graduates hadn’t repaid a dime of their principal balance within two years
Many people borrow too much because they want to attend schools that are prestigious, and they think any debt taken out for higher education is worthwhile.
A full history of macOS (OS X) release dates and rates
[ The post is a constantly updated table showing all major releases of macOS (previously Mac OS X) from the public beta through the latest public version. ]
As of July 26th, 2021 (11.5.1's release date), it's been 7,621 days since the [very first OS X] Public Beta was released. So on average, we've seen some sort of update every 50.1 days.
The interval between the releases of 11.5 and 11.5.1 (5 days) is the shortest time period between any two releases
The longest time period is 165 days (10.4.8 and 10.4.9)