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College and University Discussion
Reply to "Taking on Debt for Law School"
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[quote=Anonymous][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] Lol this is completely irrelevant. 25 years ago?!?[/quote] Agree even 10yrs ago is irrelevant, the outlook is so different.[/quote]
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