JeanMarie wrote:sanetruth wrote:I've noticed statistics saying that around 84% of students in the T30 take out loans to pay for law school. That leaves thousands of students who don't, and graduate without debt. So is it still a bad decision?
In other words, is law school a 'waste of money'? Or is it just dangerous to those who graduate with a significant amount of debt? I don't see a lot of caveats about people who are able to graduate debt free, meaning with money from family or even full rides from T14 (hey, it happens).
I'd be interested to hear opinions regarding this distinction.
With debt, it is a financial disaster.
Without debt, it is a career disaster.
Again, this applies to the majority, but not to all students. There are always exceptions.
Please take my opinion seriously. I just graduated from T14 and can't find a job. I have been insulted, trashed, and threatened with a ban here.
Are you representative of most T14ers?
As to MrAnon's question:
Just because you might be able to get a loan doesn't mean you will run a successful business, in as much the same way as getting into law school will mean you are a successful lawyer.
Introspection and serious analysis of your abilities and desires are more important for choosing your career path than being able to persuade an adcom or bank manager.