AreJay711 wrote:I could happily live off 30K post-tax post-loan. Most law school grads can swing that.
I like you AreJay and I don't mean to sound like I'm coming at you, but this argument gets really old after hearing it about a hundred times. Every time the issue of debt and expenses comes up, someone feels the need to beat their chest and talk about how thrifty and simple they are capable of living. I come from a very middle-American, middle-class family too. I know what it means to live within my means and still be able to get by just fine. But I can tell you right now that if my hard work and debt incurred to get this degree (which isn't even that high) leave me with only 30k a year after servicing my debts and taxes, this whole thing will have been a big mistake.
The question isn't, "Could I get by after law school?" The question is, "Was law school the right call?" I imagine 3-5 years from now I'll be thinking about marriage, starting a family, building financial security, buying a home, etc. If my seven years of higher education and ~100k in debt leave me unable to buy a home, support kids, etc., then it wasn't worth it. Might as well have just skipped the law school thing and done something else. And that's the point the author of the article is trying to make.