vanwinkle wrote:Let me clear about something: You "can" get a decent job with below-median grades, even from lower-ranked schools, even in this market. It's not, strictly speaking, impossible. You will find success stories, even today, from people who made it through and are happy now.
The real question isn't whether it's possible, it's how likely it is. For each success story, how many people with similar stats struck out? How many from similar schools and with similar backgrounds? If a guy from a T2 can do below-median and land a great job anyway, but are there 10 unemployed people for each success like him? 20? 50? It varies by market and background and grades, but the truth is the odds of success are damningly low at most law schools right now, especially considering how much debt you graduate with.
That's why there's a HYS/T6/T14 or bust type of mindset here these days. It's not that you can't find work otherwise, it's that the odds of success typically can't justify full tuition+COA anywhere else.
I am wondering at what point a person can justify continuing school if they are below median? This is a serious question.
I just think that maybe people should give school a shot, but if they end up below median, they should get out before utter financial ruin. The problem is that most people think they can be in the top of their class; but obviously most of them can't. So perhaps instead of not going at all, people can go to school and see how they do. It's just an idea I have - go; but drop out as soon as it is apparent you won't get a job to repay the loans you've already taken out. .
I agree it is all about the equation of debt and potential income. I wonder how many below median people get jobs with a high enough income to repay their loans? (And, at many schools, it is more like below top 10-15% and you may not get a job to repay your loans.)
If you can't get a job that repays the cost of education, then you should get out as soon as you can.