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College and University Discussion
Reply to "Taking on Debt for Law School"
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[quote=Anonymous][quote=Anonymous]I did it (85k 25 yrs ago), T14, it was fine. Middle-of-the-pack GPA. Starting salary back then was around 75k and increased from there annually, at boutique spinoff from BigLaw. Paid it off in just a few yrs. Naturally, it requires some financial discipline; good to get in that habit early - some lawyers spend too much, in my opinion. Caveat, I'm not aware the latest trends in the BigLaw job market. For big borrowing, I'd plan on at least 5 yrs in a BigLaw-type of job, get it paid off before moving to any lesser-paying type of position. Pay down the loans aggressively. And I would not borrow big outside of the T14, as there would be greater risk in not securing a high-paying job off the bat.[/quote] For god sake’s you graduated law school in one of the best times to graduate law school in history. Are you completely ignorant of the changes in the economy in the industry since then? It’s a completely different ballgame. I graduated from a top 14 and I would not recommend six figured that and less you can get into a top-five. What state do you live in?[/quote]
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