21–24 of 24 posts
Maybe he should get a refund. Because if part of a law school education is being able to construct a convincing argument based on the evidence you present, then I think he has been shortchanged.
1) Do not get into law right now. It is experiencing an outsourcing much like tech did in the early 2000s.
2) ONLY, and seriously ONLY, go if you truly love to study law. You will NOT find a job, and most likely you will have to do crap work for awhile.
What made me decide to hold off law school was the fact that I would accumulate too much debt and not be able to pay it off in a timely matter.
A LOT of law students that I spoke to had his grandiose dream and vision of a top job making hundreds of thousands.
One friend told me up front, he chose not to listen, he thought that everyone was just being pessimistic telling him not to get into law, he like most young students, didnt realize how bad it was, no matter how many warnings they got.
NYTimes links
Is Law School a Losing Game?: http://www.nytimes.com/2011/01/09/business/09law.html?_r=1
I Want My Money Back (On Everything): http://www.nytimes.com/2011/01/09/business/09law.html
My thoughts: http://jaynesyourway.blogspot.com/2011/01/hear-one-about-law...
I have sympathy for this guy but look nobody promised you a job when you took on those loans. It is basic risk reward. You took on a lot of loans to get a law degree because lawyers get paid well. You took on risk and it did not work out. Happens. Often too entrepreneurs.
So it's quite different than what happens to entrepreneurs, they can fail and comeback several times, tabula rasa. Someone saddled with student debt is forced to live with that choice until they pay it off or they die.