Anyone take out loans that you didn't *really* need? Forum

[pkt63]

I am trying to be open-minded about my future career. I'd love to do public interest, although my career history reminds me that I can be downtrodden by the overwhelming bureaucracies and often-ineffectiveness. Yet, I am certainly no fan of giving up life balance for BigLaw. Hence, open-minded.

So, in case I might do PI, I am thinking about taking out loans, especially the subsidized ones - that seems like a no-brainer. I mean, if I paid cash for my education and then went into PI, it's almost as if I turned down a scholarship or grant!

I haven't done the math on the negative arbitrage. Certainly, I am not likely to earn enough on the cash I save to overcome the interest accumulated on the non-subsidized while in school, but just by eyeing it, it doesn't seem like enough to nix the idea.

Other considerations?

[Leira7905]

Don't take out a bunch of unnecessary loans expecting to get PI work. That's a terrible idea. You don't know what kind of job you're going to end up with.

[dr123]

That sounds absolutely retarded

[BeachandRun23]

Arent the subsidized loans interest free if you pay them back upon graduation? If so, I see no reason why the OP shouldnt take those out.

[dpk711]

I don't think you should go to law school.