Opie wrote:Yeah, that doesn't actually sound all that bad. I come from a really poor background. I'm not sure why everyone is freaking out about possibly being unemployed. I'm just trying to have a road to middle class in the next ten years or so.
My experience with UG student loans is that if you can't pay them you just tell them that and they defer them. I'm not sure if grad loans work the same way, but it doesn't seem as scary as people make it out to be.
Also, I keep hearing that a JD makes you overqualified for other work, but I don't recall any rule anywhere that says you have to disclose all of your degrees to potential employers.
You are very wrong about this. You will run out of deferments. You need to understand every bit of not paying back law school loans. A guy named areyouinsane posted here for a bit about how his phone rings incessantly with bill collectors.
Not to be rude, but you don't seem to have any idea what you are getting into. You are unlikely to get a job making $40,000. You are unlikely to get any job practicing law.
For you to go to law school in the financial situation you have, with your family, is completely irresponsible. You must do more research. You must lose the idea that a JD is a ticket out of poverty. It isn't. The job market is terrible. If you think being underwater on your house is bad, think how terrible it would be if you could never just walk away from the mortgage you owe. Think if that debt followed you for the rest of your life. That is what student loan debt is like.
I can't emphasize enough that you should not go unless you do a ton more research. (I don't think you should go at all, but you seem unlikely to just take my advice.) Read some blogs. Read the employment forums here. Read Law School Transparency.