Texas Bar Journal (Feb. 2011), Texas Law Students Experiencing Buyer’s Remorse?:

Law students across the nation seem to be experiencing buyer’s remorse, and Texas is no exception. With job prospects grim and student loan debt at an all-time high, this generation of students faces unprecedented difficulty in finding their footing after graduation. “There is a definite sense of uncertainty and concern about employment among my classmates,” a University of Texas third-year said. “Everyone is worried about how they will pay back student loans, and it’s common to hear students expressing regret about their decision to go to law school.” … A recent graduate working a temporary legal job said, … “I am filled with despair and feel hopeless.” …

While law students are increasingly feeling the pinch, across the country, both tuition and the number of law school applicants are on the rise. According to the ABA, tuition for an in-state resident at a public law school climbed an average of 9.78% each year from 2000-2008.