0LNewbie wrote:rose711 wrote:0LNewbie wrote:rose711 wrote:I don't understand what this is saying. Can you explain it another way?
There's like an 80% chance you won't be able to pay your loans after graduation.
I actually don't have any loans and I graduated several years ago. I can't even tell if this reply is being sarcastic or not.
Sorry, I don't understand the statistical discussions, but I want to. I have several friends and relatives interested in applying to law schools and in the current law market and they are asking me for help. I will not be in a position to offer them jobs when they graduate. I don't think they should take on major debt to go to law school and I am trying to back up that position. I am conservative so major to me is anything more than $50,000.
So can you try explaining it again?
For those with 6 figures of debt, it's unlikely that debt will be serviceable with a salary between 40 and 60K (it would give pauper a new meaning). There's a better chance that one could do that making, say, 80K, but those jobs are few. The next viable option is biglaw. The chances of obtaining a biglaw job vary widely depending on where one attends, but outside of T6 or so, your chances are no better than 1 in 3.
STOP MESSING WITH FORCES YOU CAN'T POSSIBLY UNDERSTAND 0L