Lots of debt and no biglaw?

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dr123
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Re: Lots of debt and no biglaw?

Postby dr123 » Sun Apr 10, 2011 12:33 am

Join the army

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Cara
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Re: Lots of debt and no biglaw?

Postby Cara » Sun Apr 10, 2011 12:39 am

LRAP, IBR or emigrate

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Always Credited
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Re: Lots of debt and no biglaw?

Postby Always Credited » Sun Apr 10, 2011 12:45 am

aliarrow wrote:Being a public school teacher probably wouldnt too bad of a fallback actually. I think the starting pay for a JD is at least in the mid-50s, debt payments would be low and forgiven with IBR, and it still counts even though you only work 8-9 months a year.

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ResolutePear
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Re: Lots of debt and no biglaw?

Postby ResolutePear » Sun Apr 10, 2011 12:46 am

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aliarrow
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Re: Lots of debt and no biglaw?

Postby aliarrow » Sun Apr 10, 2011 1:11 am

Always Credited wrote:
aliarrow wrote:Being a public school teacher probably wouldnt too bad of a fallback actually. I think the starting pay for a JD is at least in the mid-50s, debt payments would be low and forgiven with IBR, and it still counts even though you only work 8-9 months a year.


And even if you are the overly ambitious type (hence law school), 'JD -> public teacher -> administrator -> school board' seems to be a very common/viable route into local or even state politics.

firemed
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Re: Lots of debt and no biglaw?

Postby firemed » Sun Apr 10, 2011 1:13 am

Don't forget LRAP at most schools these days.

rose711
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Re: Lots of debt and no biglaw?

Postby rose711 » Sun Apr 10, 2011 1:23 am

About teaching public school - 1st the teachers in New York are facing layoffs/cutback/attacks on the union; 2nd a friend just mentioned to me that his partner is a teacher who had to go back and get a specific teaching degree to teach in NY state, but NYC has different rules.

It would be insane to go to law school and then have to go back to undergrad to get a teaching degree to teach so you can pay off your law school loans. Though different locations/districts have different rules - so maybe you wouldn't need another degree where you live.

I am not a teacher, but before assuming teaching is a viable survival mode option, please make sure you find out what the requirements are for being a teacher as well as the likely job market.

And nothing about law school prepares you to teach, so I wonder how successful a person taking the teaching path would be...I know I would have no idea how to manage a classroom.
Last edited by rose711 on Sun Apr 10, 2011 1:27 am, edited 1 time in total.

aliarrow
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Re: Lots of debt and no biglaw?

Postby aliarrow » Sun Apr 10, 2011 1:27 am

rose711 wrote:About teaching public school - 1st the teachers in New York are facing layoffs/cutback/attacks on the union; 2nd a friend just mentioned to me that his partner is a teacher who had to go back and get a specific teaching degree to teach in NY state, but NY city has different rules.

It would be insane to go to law school and then have to go back to undergrad to get a teaching degree to teach so you can pay off your law school loans. Thouh differenet locations have different rules.

I am not a teacher, but before assuming teaching is a viable survival mode option, please make sure you find out what the requirements are for being a teacher as well as the likely job market.


The requirements vary vastly by state since its a state job. Most states (or at least my state) seem to have loose education requirements (here you just need a Bachelors in whatever, and if you want to teach something other than your major you need to pass a subject test). And there still seems to be a shortage of actual qualified teachers in many districts.

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Veyron
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Re: Lots of debt and no biglaw?

Postby Veyron » Sun Apr 10, 2011 1:28 am

rose711 wrote:About teaching public school - 1st the teachers in New York are facing layoffs/cutback/attacks on the union; 2nd a friend just mentioned to me that his partner is a teacher who had to go back and get a specific teaching degree to teach in NY state, but NY city has different rules.

It would be insane to go to law school and then have to go back to undergrad to get a teaching degree to teach so you can pay off your law school loans. Thouh differenet locations have different rules.

I am not a teacher, but before assuming teaching is a viable survival mode option, please make sure you find out what the requirements are for being a teacher as well as the likely job market.

And nothing about law school prepares you to teach, so I wonder how successful a person taking the teaching path would be...I know I would have no idea how to manage a classroom.


TBF, neither does an Education degree.

kublaikahn
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Re: Lots of debt and no biglaw?

Postby kublaikahn » Sun Apr 10, 2011 1:43 am

.
Last edited by kublaikahn on Tue May 17, 2011 2:42 pm, edited 1 time in total.

paulinaporizkova
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Re: Lots of debt and no biglaw?

Postby paulinaporizkova » Sun Apr 10, 2011 1:45 am

can we rename this thread "lots of debts and no biglaws?" i just think it would be cooler that way

firemed
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Re: Lots of debt and no biglaw?

Postby firemed » Sun Apr 10, 2011 1:47 am

kublaikahn wrote:

I see these guys on my on ramp all the time but everytime I ask them to sue someone for me that want a retainer of like $4.25 (that's what a bottle of Boones Farm costs) and some bus tokens. They don't really want to work.



Best thing I ever saw was two dudes on a corner holding signs saying "Family killed by Ninjas. Need money for Kung Fu lessons."


I gave them a fiver.

ETA: If I didn't think it would result in an addendum, I would finance LS with the above sign.

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Kohinoor
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Re: Lots of debt and no biglaw?

Postby Kohinoor » Sun Apr 10, 2011 12:53 pm

ResolutePear wrote:http://www.lmtlstfy.co.cc/?q=the+poor+house

flawless

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niederbomb
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Re: Lots of debt and no biglaw?

Postby niederbomb » Wed Apr 13, 2011 10:25 am

ku1185 wrote:How would one manage their debt in such a situation?


For girls, the answer is obvious. Looks aren't even a job requirement.

Dudes, however, may have to settle for teaching English in Thailand.


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Alex-Trof
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Re: Lots of debt and no biglaw?

Postby Alex-Trof » Wed Apr 13, 2011 1:07 pm

aliarrow wrote:
Always Credited wrote:
aliarrow wrote:Being a public school teacher probably wouldnt too bad of a fallback actually. I think the starting pay for a JD is at least in the mid-50s, debt payments would be low and forgiven with IBR, and it still counts even though you only work 8-9 months a year.


And even if you are the overly ambitious type (hence law school), 'JD -> public teacher -> administrator -> school board' seems to be a very common/viable route into local or even state politics.

I worked as a high school teacher. Most people who had short teaching commitments and were dead set on being a lawyer, in my experience, were horrible teachers. Not to mention that they hated their own existence and counted days until they were done with teaching. If you don't have any passion for teaching and see it as fall-back option, you will be a miserable teacher. Keep in mind, Big Law salaries might keep you motivated, teacher's salary will not. Plus, if you wanna do the administrator's track, JD is useless.




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