dakatz wrote:Crazy4lawzzz wrote:I mean if you want to be a lawyer and this is the best school you got into...why shouldn't he/she go? I think YES you will suffer for years to come after law school if you are not at the very top of your class and will be bringing in a starting salary of 40k if you're lucky. But if you really want to do it...it's not like you're going to be homeless...you're just going to have to maybe bartend or live at home until you can find a real legal job...it will eventually happen. So yes, it is burdensome and definitely not a wise financial decision, but at the same time, if you want to be a lawyer...that's what it takes. Really have to look at what your goals are and why you want to go to law school.
And how exactly is said student supposed to pay back his loans while bartending and living at home while looking for a real job? And how is said student supposed to pay back 200K of loans + interest once he actually does get a legal job that pays 40K a year?
I think that's a great question. I have full loans and I am looking at approx. $1200/month in loan payments, I think. Though, I think banks will negotiate a more reasonable rate if you reallly can't pay the amount you owe, in lieu of going into deferral or default. THat's what it takes though...I mean you go for a high status profession, you might have to pay for that until the economy gets better. Also it's not like the economy is really any better in other professions...I mean again if you want to be a lawyer...just do it...and figure out how to find the right connections and get it done. NO ONE will spoon-feed you a job or security.