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best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 1:26 pm
by Anonymous User
Feel free to make other suggestions as well.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 1:30 pm
by fornicator
I am OP--didn't mean to make this anonymous, just pressed the wrong button. apologies.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 1:31 pm
by General Tso
the most sensible option, one not listed here, is take some kind of PI or Gov't job that qualifies for your school's LRAP or IBR.

you can get litigation experience and public interest is generally seen as a good thing, everything in your half-serious list is a blight on your resume

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 1:34 pm
by erniesto
Where is the option "Spend majority of time trolling JDUnderground and writing pessimistic law school spin blogs rather than seeking employment."?

Though I suppose that could be the parents basement choice.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 1:35 pm
by fornicator
swheat wrote:the most sensible option, one not listed here, is take some kind of PI or Gov't job that qualifies for your school's LRAP or IBR.

you can get litigation experience and public interest is generally seen as a good thing, everything in your half-serious list is a blight on your resume


everyone acts like these are super-easy to come by. I've been turned down by every federal agency that I contacted, several state atty general offices, state DOT offices, state revenue service, even non-profit organizations. And my grades don't even suck.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 1:41 pm
by Anonymous User
You think you're in pain? Try having 400k in overall debt upon graduating, with only 275 under IBR (T5 undergrad business degree/T14 JD) + failed business due to recession in between undergrad and law school. Hope the economy picks up as I'm only a 1L.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 1:42 pm
by fornicator
Anonymous User wrote:You think you're in pain? Try having 420k in overall debt upon graduating, with only 275 under IBR (T5 undergrad business degree/T14 JD) + failed business due to recession in between undergrad and law school. Hope the economy picks up as I'm only a 1L.


Damn that sucks! What are your plans if the legal hiring market doesn't bounce back?

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 1:44 pm
by Stringer Bell
I would throw teaching middle school on here under the same principle as working as a mailman.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 1:46 pm
by Anonymous User
In all honesty, I'm hoping to use the IBR for the 275 and have someone (a connected professor/lawyer) intercede and arrange some type of deal with the banks for the 125. Everything's deferred until I graduate due to an agreement so hopefully there's some solution down the road. Good luck on your issues too.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 1:48 pm
by Z3RO
Anonymous User wrote:You think you're in pain? Try having 400k in overall debt upon graduating, with only 275 under IBR (T5 undergrad business degree/T14 JD) + failed business due to recession in between undergrad and law school. Hope the economy picks up as I'm only a 1L.

That's a fuckin' bummer, man. Good luck and godspeed.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 1:55 pm
by Anonymous User
Thanks. Education's so expensive in this country, particularly due to the interest. I went to the T5 on a half scholarship and am in law school on a sizable scholarship which I'm in line to maintain. Going to college is 200k now for the four years and 180-200 for some T14's. My professor told me he attended a T14 law school for 100/semester thirty years ago and went to undergrad for free.

Z3RO wrote:
Anonymous User wrote:You think you're in pain? Try having 400k in overall debt upon graduating, with only 275 under IBR (T5 undergrad business degree/T14 JD) + failed business due to recession in between undergrad and law school. Hope the economy picks up as I'm only a 1L.

That's a fuckin' bummer, man. Good luck and godspeed.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 1:59 pm
by Sclerenchyma
Obvious choice.

French Foreign Legion

Image

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 2:56 pm
by swester
Anonymous User wrote:You think you're in pain? Try having 400k in overall debt upon graduating, with only 275 under IBR (T5 undergrad business degree/T14 JD) + failed business due to recession in between undergrad and law school. Hope the economy picks up as I'm only a 1L.


Just goes to show that the ability to score well on exams does not correlate to financial intelligence. Too bad you didn't get a subprime mortgage to go along with your other debt - at least you could have walked away from that.

What a fine country we live in.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 3:08 pm
by fornicator
swester wrote:Just goes to show that the ability to score well on exams does not correlate to financial intelligence. Too bad you didn't get a subprime mortgage to go along with your other debt - at least you could have walked away from that.

What a fine country we live in.


Yeah, fuck you. If you said that in person, even if I weren't the addressee, I'd have to restrain myself to not punch you full force in the face. All reliable sources available at the time that most of us enrolled indicated that a good law school was a good investment.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 3:14 pm
by Z3RO
swester wrote:
Anonymous User wrote:You think you're in pain? Try having 400k in overall debt upon graduating, with only 275 under IBR (T5 undergrad business degree/T14 JD) + failed business due to recession in between undergrad and law school. Hope the economy picks up as I'm only a 1L.


Just goes to show that the ability to score well on exams does not correlate to financial intelligence. Too bad you didn't get a subprime mortgage to go along with your other debt - at least you could have walked away from that.

What a fine country we live in.

While I agree that it was a poor decision to spend >50k on any undergrad, you're a fucking asshole.

This person isn't saying that they want to default on their loans; they're just expressing how difficult it is to pay them back. They're not alone, either.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 3:16 pm
by logicianwannabe
fornicator wrote:
swester wrote:Just goes to show that the ability to score well on exams does not correlate to financial intelligence. Too bad you didn't get a subprime mortgage to go along with your other debt - at least you could have walked away from that.

What a fine country we live in.


"If it were not assize-time, I would not take such language from you."

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 3:25 pm
by pugalicious
My options (for myself):

1) Move to Mexico. Specifically San Felipe, Ensenada, or similar rundown beach town in Baja California. Change name. Work at Papas and Beer or similar for tips. Waste said tips on papas and beer.

2) Travel with a carnival or Renaissance Faire. Change name. Sell something on a cash-only basis, or perform for tips. Waste said tips on papas and beer.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 3:29 pm
by forza
This is why I'm amazed at people who fork over $200k for an UG education at some private liberal arts school.

Why not go to a large in-state public school for a fraction of the cost? Law schools don't give a shit if your GPA/LSAT are high enough.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 3:30 pm
by 09042014
forza wrote:This is why I'm amazed at people who fork over $200k for an UG education at some private liberal arts school.

Why not go to a large in-state public school for a fraction of the cost? Law schools don't give a shit if your GPA/LSAT are high enough.


Unless it's YHP they don't' give a shit period.

What is even crazier is the people who pay 200K for a small unknown, supposedly good, liberal arts college.

I don't care what anyone says but Belot to me is a shitstain town in Wi/IL not a college.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 3:31 pm
by logicianwannabe
forza wrote:This is why I'm amazed at people who fork over $200k for an UG education at some private liberal arts school.

Why not go to a large in-state public school for a fraction of the cost? Law schools don't give a shit if your GPA/LSAT are high enough.


to be fair, OP was about law school not undergrad, and until recently, ranking in law school mattered.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 3:34 pm
by swester
fornicator wrote:
swester wrote:Just goes to show that the ability to score well on exams does not correlate to financial intelligence. Too bad you didn't get a subprime mortgage to go along with your other debt - at least you could have walked away from that.

What a fine country we live in.


Yeah, fuck you. If you said that in person, even if I weren't the addressee, I'd have to restrain myself to not punch you full force in the face. All reliable sources available at the time that most of us enrolled indicated that a good law school was a good investment.


How adorable. Another guy screwed over by glossy brochures wants to take it out on others. Do some real due diligence before diving into an education costing you $180k and you might not have to comiserate about your mountains of debt.

And punching someone in the face, however noble it might seem to you, would probably end up just adding on more debt to the pile. And it's not like law school even trained you how to defend yourself in court.

Wait a minute - where's all of the TLS'ers with the "you're just making up the debt problems / the legal market is fine / I love law school" responses? I actually believe the OP is telling the truth, and I think the problem is far more endemic than most of the people around here would even admit.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 3:37 pm
by rayiner
forza wrote:This is why I'm amazed at people who fork over $200k for an UG education at some private liberal arts school.

Why not go to a large in-state public school for a fraction of the cost? Law schools don't give a shit if your GPA/LSAT are high enough.


Blows my mind. My UG cost $60k total (would've been under $50k if I had graduated in 4 years) and I could cover most of the cost from working over the summer. My brother's education is costing $200k+, but the 'rents are paying and he's going to Yale so I think maybe the opportunities are worth it.

I don't think it makes any sense to take on a shit-load of debt for UG unless you're pretty sure it will be your terminal degree and you're going into a field (IB, consulting) where it matters. Maybe if you're going to HYPSMC, because those schools give a ton of financial aid. Otherwise, nobody gives a shit if you went to Penn or whatever and end up at a T14. You'll be alongside UVA or UIUC grads who paid a fraction of the price for their education and will be on the exact same footing.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 3:39 pm
by Z3RO
swester wrote:
fornicator wrote:
swester wrote:Just goes to show that the ability to score well on exams does not correlate to financial intelligence. Too bad you didn't get a subprime mortgage to go along with your other debt - at least you could have walked away from that.

What a fine country we live in.


Yeah, fuck you. If you said that in person, even if I weren't the addressee, I'd have to restrain myself to not punch you full force in the face. All reliable sources available at the time that most of us enrolled indicated that a good law school was a good investment.


How adorable. Another guy screwed over by glossy brochures wants to take it out on others. Do some real due diligence before diving into an education costing you $180k and you might not have to comiserate about your mountains of debt.

And punching someone in the face, however noble it might seem to you, would probably end up just adding on more debt to the pile. And it's not like law school even trained you how to defend yourself in court.

Wait a minute - where's all of the TLS'ers with the "you're just making up the debt problems / the legal market is fine / I love law school" responses? I actually believe the OP is telling the truth, and I think the problem is far more endemic than most of the people around here would even admit.

Though we appreciate your holy crusade to save us all from law school, your post history shows that you're another purveyor of JD underground's flavor of self-righteousness and general dick behavior.

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 3:40 pm
by bk1
swester wrote:Wait a minute - where's all of the TLS'ers with the "you're just making up the debt problems / the legal market is fine / I love law school" responses? I actually believe the OP is telling the truth, and I think the problem is far more endemic than most of the people around here would even admit.


This really doesn't seem to be the consensus of TLS...

Re: best strategy for T14ers who graduate jobless w/ 200k+ debt?

Posted: Wed Apr 21, 2010 3:45 pm
by swester
bk1 wrote:
swester wrote:Wait a minute - where's all of the TLS'ers with the "you're just making up the debt problems / the legal market is fine / I love law school" responses? I actually believe the OP is telling the truth, and I think the problem is far more endemic than most of the people around here would even admit.


This really doesn't seem to be the consensus of TLS...


Then apparently you haven't visited any of the other sub-forums on this site. It's only here, on legal employment (or, more appropriately, unemployment), that more realistic reports surface.