Reply to Taking on Debt for Law School

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[quote=Anonymous]My DH and I did it many years ago now.  Financed all of attending top 10 law school then went to big law.  Paid off loans within a few years by living on a fraction of what we were earning.  Loans all gone before we had first kid and incomes have been high even after leaving big law.  For the young lawyers I work with today, the same scenario is basically true if you can get the big law job.  Our associates start at $155k or so and get pretty big raises and bonuses those first few years.  Some of the bonuses are over $50k, so if you have one of those for a couple of years you can really pay down the loans fast.  As I advise people who are thinking about law school, I always ask what you want to do with your degree.  If you want big law firm, you need to go to the best possible school and work hard because you need to have good grades and ranking.  You will not get hired in big law from a lesser school unless you are absolutely the top of the class and even then it is iffy.  On the other hand, if you want to do government or something else, you should go wherever you can go for free or nearly free that is near where you want to practice.  (If you can't get a mid-tier school to let you go for free or nearly free then you should reconsider law school).  In this area, that means if you want big law, go to Georgetown or (in some fields) GW.  If you want to go to the DAs office, go to George Mason, American, UMd (again, only if cheap for you).  If you want public service, Catholic.  
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