Support Thread for the 6-figure debt plunge Forum
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Re: Support Thread for the 6-figure debt plunge
Hate to rain on your parade, but anyone who takes on six figures of debt (let alone $200k) in this economy is nuts! Can you say, "albatross around your neck?"
- MTal
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Re: Support Thread for the 6-figure debt plunge
blp, check out this linkformerbiglawpartner wrote:Hate to rain on your parade, but anyone who takes on six figures of debt (let alone $200k) in this economy is nuts! Can you say, "albatross around your neck?"
http://www.collegehumor.com/video:1944515
- fatduck
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Re: Support Thread for the 6-figure debt plunge
It was topical, and funny, the first time. Are you really just going to post it everywhere?MTal wrote:blp, check out this linkformerbiglawpartner wrote:Hate to rain on your parade, but anyone who takes on six figures of debt (let alone $200k) in this economy is nuts! Can you say, "albatross around your neck?"
http://www.collegehumor.com/video:1944515
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Re: Support Thread for the 6-figure debt plunge
Actually, I just watched it and thought it was hysterical and, sadly, true. I sent it to my spouse (also an attorney who thinks six figures of debt for law school is ludicrous.)
- kwais
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Re: Support Thread for the 6-figure debt plunge
For all of you doubting the wisdom of paying sticker at a T14. Your advice comes with a responsibility. You can NEVER, EVER say anything like the following: "Its unfair that that firm hired that median NYU kid over me. I know that I am super qualified and have better grades at my T25 or T50" You have made your bed and we are about to make ours. We run the risk of debt, you run the risk of reduced employment prospects. If you want to teach, do high-profile government work or land a V100 firm job, you very well might. But...if you don't, kindly come back on here and post picture of foot in mouth.
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Re: Support Thread for the 6-figure debt plunge
+1formerbiglawpartner wrote:Hate to rain on your parade, but anyone who takes on six figures of debt (let alone $200k) in this economy is nuts! Can you say, "albatross around your neck?"
- fatduck
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Re: Support Thread for the 6-figure debt plunge
I'm only taking $99,999 of debt, so I guess I'm good to go.
- MTal
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Re: Support Thread for the 6-figure debt plunge
hittin a sore spot for ya, eh?fatduck wrote:It was topical, and funny, the first time. Are you really just going to post it everywhere?MTal wrote:blp, check out this linkformerbiglawpartner wrote:Hate to rain on your parade, but anyone who takes on six figures of debt (let alone $200k) in this economy is nuts! Can you say, "albatross around your neck?"
http://www.collegehumor.com/video:1944515
- fatduck
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Re: Support Thread for the 6-figure debt plunge
how imaginative i'm all for trolling (see: my entire post history), but at least put some effort into it.MTal wrote:hittin a sore spot for ya, eh?fatduck wrote:It was topical, and funny, the first time. Are you really just going to post it everywhere?MTal wrote:blp, check out this linkformerbiglawpartner wrote:Hate to rain on your parade, but anyone who takes on six figures of debt (let alone $200k) in this economy is nuts! Can you say, "albatross around your neck?"
http://www.collegehumor.com/video:1944515
- kwais
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Re: Support Thread for the 6-figure debt plunge
Is it true you dropped out of law school?MTal wrote:hittin a sore spot for ya, eh?fatduck wrote:It was topical, and funny, the first time. Are you really just going to post it everywhere?MTal wrote:blp, check out this linkformerbiglawpartner wrote:Hate to rain on your parade, but anyone who takes on six figures of debt (let alone $200k) in this economy is nuts! Can you say, "albatross around your neck?"
http://www.collegehumor.com/video:1944515
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Re: Support Thread for the 6-figure debt plunge
If you are positive you want to practice in New York, then, yes, the median of the NYU or Columbia class would have an edge over, say, law review at Texas or UCLA. However, somebody has to be at the bottom half of the class at NYU and Columbia, and at that point, you are quite likely hosed. (Look at the NLJ250 Survey recently published unless facts get in the way of your delusions. Remember, that's the NLJ250 they are talking about, too--not the Vault top 10 talked about often on TLS!) Think about where you want to practice and live. If you are getting money from the top regional school there, you should go for it by all means. I'm afraid most of the posters here have been living off mommy and daddy all their lives and have absolutely no idea how much debt (non-dischargeable, remember) six figures is and how it will impact every life decision going forward.
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Re: Support Thread for the 6-figure debt plunge
Yes of course.kwais wrote:
Is it true you dropped out of law school?
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Re: Support Thread for the 6-figure debt plunge
"formerbiglawpartner"? really? lol
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Re: Support Thread for the 6-figure debt plunge
I fail to understand why people even create these threads, as it is attracts as many (if not more) individuals with an inflated self worth looking to criticizing your life choice.
Unless you can predict the future (which I assure you, you cannot), the claim that it is foolish for "anyone" to attend law school at 200k of debt is intellectually dishonest. It might be a degree of risk that you are uncomfortable with, but that doesn't mean it is wrong for everyone.
Unless you can predict the future (which I assure you, you cannot), the claim that it is foolish for "anyone" to attend law school at 200k of debt is intellectually dishonest. It might be a degree of risk that you are uncomfortable with, but that doesn't mean it is wrong for everyone.
- kwais
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Re: Support Thread for the 6-figure debt plunge
I am 27 and have not received a dollar from "mommy and daddy" for almost a decade. I worked to pay tuition, rent and everything else. I may not know what 200k debt feels like, but I know what it is like to be near-unemployable with my lib. arts degree. I also know what its like to get excited by risk, an attribute that is common with most people who achieve what they want in life. Let me translate your post for you: "I'm a cowardly douche, I enter threads that have nothing to do with me and make assumptions about people I don't know, but golly it makes me feel a little better about my life decisions" GTFOformerbiglawpartner wrote:If you are positive you want to practice in New York, then, yes, the median of the NYU or Columbia class would have an edge over, say, law review at Texas or UCLA. However, somebody has to be at the bottom half of the class at NYU and Columbia, and at that point, you are quite likely hosed. (Look at the NLJ250 Survey recently published unless facts get in the way of your delusions. Remember, that's the NLJ250 they are talking about, too--not the Vault top 10 talked about often on TLS!) Think about where you want to practice and live. If you are getting money from the top regional school there, you should go for it by all means. I'm afraid most of the posters here have been living off mommy and daddy all their lives and have absolutely no idea how much debt (non-dischargeable, remember) six figures is and how it will impact every life decision going forward.
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Re: Support Thread for the 6-figure debt plunge
Yes, absolutely true.
- kwais
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Re: Support Thread for the 6-figure debt plunge
If I trolled TLS after dropping out of law school I would literally end my life.MTal wrote:Yes of course.kwais wrote:
Is it true you dropped out of law school?
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- MTal
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Re: Support Thread for the 6-figure debt plunge
Ahh...now I see why you look up to me.kwais wrote:If I trolled TLS after dropping out of law school I would literally end my life.MTal wrote:Yes of course.kwais wrote:
Is it true you dropped out of law school?
- LLB2JD
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Re: Support Thread for the 6-figure debt plunge
\MTal wrote:Yes of course.kwais wrote:
Is it true you dropped out of law school?
Really? What school? If I may ask?
- kwais
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Re: Support Thread for the 6-figure debt plunge
I see what you did there. good one broMTal wrote:Ahh...now I see why you look up to me.kwais wrote:If I trolled TLS after dropping out of law school I would literally end my life.MTal wrote:Yes of course.kwais wrote:
Is it true you dropped out of law school?
- romothesavior
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Re: Support Thread for the 6-figure debt plunge
Taking out 180-200k+ for an elite school (what I mean by this is HYSCCN) is probably worth it.
It's the peeps who forgo big scholarships at regional to take out take out 180-200k in at the non-elite schools who are really making the biggest mistakes.
It's the peeps who forgo big scholarships at regional to take out take out 180-200k in at the non-elite schools who are really making the biggest mistakes.
Last edited by romothesavior on Sun Feb 27, 2011 8:10 pm, edited 1 time in total.
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Re: Support Thread for the 6-figure debt plunge
Obviously, I was replying to TheFactor in my last post. Since you have already made up your mind, good luck to you. Many on this site have not supported themselves and have absolutely no comprehension of what kind of debt they are getting into with law school at sticker. Since I've seen the amount of turnover there is in BigLaw at the 2 and 3 year mark, I am trying to help, frankly. 3 years of BigLaw doesn't come close to paying off $200K of debt. Again, good luck to you.
- MTal
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Re: Support Thread for the 6-figure debt plunge
Yes, except there is 1 small problem. Law school doesn't turn losers into winners. If you are an unemployed liberal arts loser working shit jobs for minimum wage, no decent paying law firm will hire you. If you couldn't figure out how to make it in the real world, you don't have a snowball's chance in law which is far FAR more cutthroat and competitive than other industries.kwais wrote:I am 27 and have not received a dollar from "mommy and daddy" for almost a decade. I worked to pay tuition, rent and everything else. I may not know what 200k debt feels like, but I know what it is like to be near-unemployable with my lib. arts degree. I also know what its like to get excited by risk, an attribute that is common with most people who achieve what they want in life. Let me translate your post for you: "I'm a cowardly douche, I enter threads that have nothing to do with me and make assumptions about people I don't know, but golly it makes me feel a little better about my life decisions" GTFOformerbiglawpartner wrote:If you are positive you want to practice in New York, then, yes, the median of the NYU or Columbia class would have an edge over, say, law review at Texas or UCLA. However, somebody has to be at the bottom half of the class at NYU and Columbia, and at that point, you are quite likely hosed. (Look at the NLJ250 Survey recently published unless facts get in the way of your delusions. Remember, that's the NLJ250 they are talking about, too--not the Vault top 10 talked about often on TLS!) Think about where you want to practice and live. If you are getting money from the top regional school there, you should go for it by all means. I'm afraid most of the posters here have been living off mommy and daddy all their lives and have absolutely no idea how much debt (non-dischargeable, remember) six figures is and how it will impact every life decision going forward.
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Re: Support Thread for the 6-figure debt plunge
So, you're telling me an unemployed liberal arts major who graduates #1 in his class from H/Y/S doesn't have a snowballs chance in hell in the legal field?MTal wrote:Yes, except there is 1 small problem. Law school doesn't turn losers into winners. If you are an unemployed liberal arts loser working shit jobs for minimum wage, no decent paying law firm will hire you. If you couldn't figure out how to make it in the real world, you don't have a snowball's chance in law which is far FAR more cutthroat and competitive than other industries.
- romothesavior
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Re: Support Thread for the 6-figure debt plunge
Don't feed the troll. He is without any doubt the worst poster on TLS.TheOcho wrote:So, you're telling me an unemployed liberal arts major who graduates #1 in his class from H/Y/S doesn't have a snowballs chance in hell in the legal field?MTal wrote:Yes, except there is 1 small problem. Law school doesn't turn losers into winners. If you are an unemployed liberal arts loser working shit jobs for minimum wage, no decent paying law firm will hire you. If you couldn't figure out how to make it in the real world, you don't have a snowball's chance in law which is far FAR more cutthroat and competitive than other industries.
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