Substantial debt from T20 Forum

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fallingwater

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Substantial debt from T20

Post by fallingwater » Thu Jul 03, 2014 6:24 am

I really wanted to hear what current students and graduates generally have to say about this.

I'm considering taking on $130-150k in debt by attending UCLA. My goal is to land a big firm job in SoCal (or wherever takes me).

What might paying this debt off look like with a big law salary? Any other comments or criticism about this decision in general are welcome.

A few details:
I took the LSAT three times so retake is not an option.
Alternative is UCI with a $105,000 scholarship.

BigZuck

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Re: Substantial debt from T20

Post by BigZuck » Thu Jul 03, 2014 9:08 am

I wouldn't go if you don't want to retake. Going to UCLA for big law is dicey- if you attend it needs to be for a lower cost so that the risk of striking out is mitigated. I wouldn't pay more than about 100K to attend a school like UCLA.

FWIW I go to UT (so basically the same employment stats), will only have about 70K debt, and want big law and the debt still makes me nervous.

I would either retake/reapply, readjust employment expectations and attend a significantly cheaper school, go to a T14, or forget about law school altogether.

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