beepboopbeep wrote:0Ls: please do note that these threads happen a lot on TLS and it is always graduates / working lawyers holding up the warning signs, and then a bunch of 0Ls going "yea, i mean, you have real experience with this, but i just know it'll be different for me because [i'm frugal / i know how to network / etc]"
QFT. Law schools make you think that the normal path is taking out 6-figures in debt and getting a job making $180k when you graduate. If you take a step back and look at the reality of the situation, you begin to see the insanity of it all. I'm paying more on my student loans than on my mortgage right now, and I had a 50% scholly to a T25-T50 private school. Granted, there was a heck of a lot of poor financial decision making in my household for 3 years. Based on a few assumptions I made at the start of law school, I thought I had a legitimate chance at cash flowing all 3 years. Turns out that my law school experience took a very different track than expected, and $175k (including interest) later, here I am. Thankfully, I have a big enough shovel to dig out of this mess in 3 years.
People always underestimate the risk they face. I certainly did. People also don't realize how much their life will change in 3 years. I certainly didn't. Through what feels like pure luck, I ended up in my dream job, so I'll be okay. Some of my classmates who had less financial assistance and significantly worse job outcomes are thoroughly screwed.
If I were to do it again, I'd set a hard cap of $50k debt. I'd go to the best school that showed me a legitimate path to graduating under that cap.