Zionman wrote:If you go to Fordham (or any other peer school...not trying to piss off any closet Fordham adcomms on this thread) and are targeting a midlaw firm (which are, by the way, scarce), you will have a near zero percent chance of paying back 100K in loans plus 6.8-9% interest within any decent period of time (say 12 years) on a midlaw salary of 40-60K pre taxes. Translation: you are ruined financially. On the plus side, if your target is biglaw then you have about a 30-35% chance of not being financially ruined. All figures approximate.
What exactly is your definition of midlaw, and where does that salary information come from?
Not to sow misinformation, but, as a quick example, many of the Jersey firms don't qualify as "biglaw" but still pay over 6 figures to incoming associates
Zionman wrote:Going to a tier 2 school while entailing less debt isnt a good option, either.
Depends on the Tier 2, the end goal and the scholarship amount. It doesn't have to be a bad option either