RedBirds2011 wrote:vanwinkle wrote:RedBirds2011 wrote:They are going to be lower paying initially for smaller firms and lower paying for government positions as well. But with a total yearly nondiscounted COA of around $35,000, the salary isnt as important. LSU grads dont need biglaw to pay off loans for the most part.
1) I originally responded to claims that $50K/yr was attainable from lower-ranking lower schools. You responded with data ambiguous to that claim. Now you're claiming that "salary isn't important", when salary is what I was originally addressing.
2) That's yearly COA of $35K. You do realize that's still causing people to graduate six figures in debt, right? 35,000 x 3 = over 100K in debt. You do need a significant salary to repay that much debt, and since you conceded you can't say these grads are making over $50K (the originally claimed significant salary) it seems you should agree yourself that LSU is a potentially terrible investment.RedBirds2011 wrote:Also, louisiana doesnt really have full time PD gigs outside of Orleans Parish. The public defense system is a travesty there. Its gotten better since katrina though. If someone wants to be a PD, I would recommend a state that actually has a solid PD system for work.
The PD system there is a travesty. I've worked there. That's exactly why I can say with authority that those jobs pay less than $50K and that job market is shrinking. My point wasn't that I wanted to be a PD, though. It was giving one valid example of how full-time jobs in LA won't be $50K or higher. I'm not going to research an exhaustive list, but my original and valid point was that LSU grads, emerging with over $100K debt in many cases, aren't assured a salary high enough to service that debt and live comfortably even if they find legal employment in the state.
Yes, I do realize that. However, the average total debt load is lower. I think last i looked it was $65,000 or something on average. Some get scholarships, some dont. Ill look that up and link it later. Also, public gigs at least have Public service loan forgiveness (and no tax bomb). And I still dont get why people constantly assume that if you start at 40-50,000 or less a year, you will stay at that income for the rest of your life. Its not like things are so static.
Edit: i looked up total COA for a LSU resident. Its right at 100,000. So thats right at six figures not over six figures. Also, not everyone will be paying sticker. Again, the last average i saw was 65,000 but dont remember exactly. And yes, if you really do want to practice law, its not easy, but under 100,000 to me IS manageable. It depends on what goals that person has in life (wanting a family, travel, etc). Obviously it wont be acceptable for others. And for me, that much debt is irrelevant anyway.
So is it better to have a total COA of $250k and hoping to get a job that pays $160k, or is it better to have a total COA of $100k and hoping to get a job that pays $50k?