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Reply to "Law school-is it worth it?"
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[quote=Anonymous]Please stop your brother from making a huge mistake that will affect the rest of his life. I was 22 and starry-eyed when I went to law school. My husband was 28 when he started law school but had no idea what he was signing up for (in terms of the debt). Add both our law degrees and his ill-advised masters degree together and you have over $300k of debt ... that is just sitting there for the time being because we can only afford to pay the interest. That will change in the next couple of years, but we are 35 and will be paying down these loans for a good long while. We chose to go ahead with our lives and buy a home and have a family because we didn't want the debt to keep us from living our lives ... but we will always have financial consequences from that decision. Maybe we could have put our kids through college if we hadn't had the debt or made different choices in our 20s. We certainly would have a bigger house and wouldn't be just now starting to get to the point where we don't live paycheck to paycheck. As others have noted, debt is a huge drag on quality of life, and it can limit your career choices and otherwise make you f-ing miserable. I have a very happy life, but it would be happier without the debt. He needs to think about his future priorities. Does he want to own a home, have a family, save for retirement, etc. These are the things that will be more difficult or impossible with massive debt.[/quote]
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