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[MYK]

Law school is expensive anywhere you go.  If you are at a place with 30k in tuition, then you are going to rack up 100k with interest in tuition only.  Then there is $300-$400 worth of books each semester times 6 semesters.  Then housing, food, etc.

Tuition is more like $35K to $40K now at most schools, I think.  The recession really drove demand way up (students didn't want to find a job and have to start paying off their undergrad loans).  Also, you're forgetting the $3K per semester in various "fees" (slogan: "it's not tuition!") that schools like to tack on for access to the health clinic, recreational facilities, and so on.  Mine even charged a pittance to put into a pool for the purpose of giving some students a stipend when studying abroad.

[bleedingpen]

At some point the law school bubble will burst.

[OMG IP]

Probably when the government starts defaulting on "guaranteed" student loans.

[bleedingpen]

Probably when the government starts defaulting on "guaranteed" student loans.

That's the problem- the access to guaranteed funding on these loans.  Really 23 year old kids aren't smart enough to be determining whether a 150k in loans and three years of their life is worth the likely payoff after law school.  So long as the feds are guaranteeing loans, there will likely be takers.