Archive for the ‘law’ tag
Law School Debt Trap
Is this really a law school trap?
Ive been dreaming of going to law school since I was a child, Judge Judy, I suppose. I went to the Law Magnet High School and graduated in Political Science with a minor in philosophy. It took a few years to work and now intends to apply for 2009. But I have read and heard that its waste, 100k of debt and if I do not work my first year I'm done. If I did not graduate more than 10% of a T-15 school has also im screwed. All this is true. I never expected not to 160K in a large company, but never dreamed of being unemployed with a JD. If this concern, or should I stop worrying and begin signing documents for a student loan?
I am a graduate of a Canadian law school (my last exam is tomorrow and I leave the final phase of my studies), and there are some differences between Canadian and U.S. experience (even if for some reason Schools Canada are increasingly switching to the appointment of JD, so …), but I'll tell you what I saw here anyway, because there are parallels likely. I heard about the competitive nature of law school. I see people focusing on it. I saw people panic before exams. As you can tell, I am not one of those people, because I know you hear all the numbers flying around the difficulties of his account of the legal education are just fiction. Each year, the rumors flying start on how they are not more than 50% of graduates internship positions (internship is basically our first year's work, which is technically not called to the bar later). Freak Out graduates find work as soon as possible. First and second year students Freak Out on grades, because they want to be competitive. However, when when they finish the school year, 95 +% of graduates found employment, and most others have found alternative profit (often people do not find work were those who had planned to graduate from school early). I once heard a theory particular lawyer: "A" students become law professors, "B", students will be the judges, and "C" students to do a lot of money. If you do not intend to make a huge sum of money to a leader, good for you as many options available to you, and a lot of tension. Be sure to keep this mentality, because many of their peers will be conducted – and took him to the edge, in some cases – for ambition, and became almost a cultural attitude (we call it "Bay Street or Bust," here, because all the major companies are in Toronto Bay Street), but that's another fiction. Long story: Do not take these rumors as gospel. In fact, call the school and ask what the law placement rate of graduates have been – trying to speak directly to career services, and not for admission, if you want to be sure not to be covered sugar.
Understanding the Financial Crisis