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8 posts • Page 1 of 1
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- Joined: Fri Mar 11, 2011 12:57 pm
polevaulter wrote:I have been thinking a lot lately about the decision to attend law school. I have also been reading A LOT of articles about student loan debt--especially all of the unemployed lawyers (and soon-to-be law grads) with zero job prospects. To be honest, this all makes me very, very nervous.
I will be a non-traditional student when I would start law school (at age 33) and I am already in student loan debt for $50K and credit card debt for another $10K. So I have a grand total of $60K of debt as I type this post. Right now, I am stuck working at non-profit (only job I can find) and making very little money. My LSAC GPA is 3.0 and my LSAT diagnostic was 165.
When I attend law school, I will be unable to work at all (unless its during the summer)--other than that, I will definitely have to borrow the maximum amount for living expenses--I already the looked at the living expenses at a few schools that I'm interested in. So even if I was given a full tuition scholarship at a T3 or T4 school, I would be borrowing around $50K for 3 years of living expenses.
So if I did manage to get a scholarship, I would still leave law school $100K in debt (including my previous $50K from my undergrad and masters degrees). And if I didn't get a scholarship at all, I would wind up paying around $50K/year for law school and $150K at graduation and a possible grand total of $200K (with all three degrees include).
I think the economy is really making me reconsider a lot things. Sorry for writing a book, but I need some outside opinions about this situation...I have already solicited advice from friends and family on the topic and I know they tend to be biased. Thank you again
some schools given stipends to the very top top applicants.