1. No initiative on his part....he has a New Mexico bar license and he has not figured out how to sell pre-paid cell phones, pull a car-crash scam, or how to become a friend of the cartel.

  2. The critical entry point thing about law I always thought was scary. I know people that went to good law schools but didn’t land their on campus interviews, and ten years later are completely fucked. Two other lawyers that went to crappy law schools, but did well in their on-campus interviews and are now doing fine

  3. Ya he's pretty much done if he took and passed the bar in his state his school was in and used schools recruiting upon graduation he would've had a better chance. He was prob a mediocre student at a low tier law school, with no connections...also since like 2009 there have been several articles about law schools not being the ticket to success they used to be, there was this website shitlaw, and in 2012 dozens of students sued their law school...he didn't do much research

  4. I was in his boat, 200k+ debt, bottom 2% of my class. I got creative after 1L and went after non practice jobs in biotech. Ended up with a non law job offer before graduation. Took it and worked my way back into law after some good work experience. Own real estate rentals now hence why I’m here.

  5. Lawyering=success lmao! I have a few buddies from law school that are saying the same shit! I left the law right after I graduated and realized most starting legal jobs in my area were paying less than 50k/year. Started a pet sitting/home sitting company and just hit my 125k goal in less than 4 years! Much happier working for myself and managing my own company versus billable hours!!!

  6. I’m a payroll manager for a law firm. The law firm I work for can’t find enough attorneys to hire. Competition is so intense that we’ve had to hike salaries substantially. I don’t doubt his story, but it definitely doesn’t align with the reality I’m living in…

  7. What size law firm? Pretty Big difference between big law and small regional firms. I work in accounting and it’s fairly similar to law where there’s a “shortage” of CPAs and everyone can’t find them and it’s like yeah because where you work is shit. And all the good people are taken and then people don’t want to pay people who don’t already have experience and you end up with the paradox of it both being competitive and a shortage but tons of people without jobs because they have no relevant experience.

  8. its crazy that the law school debt and law school is on par to medical school and medical school debt. But lawyers dont have a cartel that restricts supply like doctors do. Doctors have a cartel that keeps prices high for doctors. Lawyers have no supply. Similar to real estate agents. Anyone can pass the bar and become one technically.

  9. Law degrees is one of those scams ran by low-grade universities. If you don't have a law degree from an Ivy League, it ain't worth it. I have a friend who works at the state bar in California, and the amount of people with law degrees from universities you never heard of is just staggering, like this guy in the article. These schools charge a lot of money, but then their degree ends up worthless. So the graduates ended up working minimum wage doing paralegal stuff with $300K in debt.

  10. A friend of mine is a dentist with 600-800k in student loans. Despite making 150-200k per year, he's never going to pay them off. They just keep getting bigger and bigger. They are already several times more than he originally borrowed... And he's paid back an amount equal to the original balance already.

  11. There are people that will take on substantial amounts of student debt “because that’s what people do,” who are going to learn a very valuable lesson.

  12. Yea I worked for a lawyer that was still paying off student loans from lq school well into her 60’s. Blew my mind

  13. he likely doesn’t have the hustle mentality like you do. I’ve got a friend who doesn’t want to put in the work and just expects peak pay. That’s not how ish works

  14. I have a similar story and went through law school. You need to have a plan and know your area. We were advised to get any legal internships we can in 1L. Everything law related helps. I wasn't able to find any paid internships nor had any connections. But, by the time I passed the BAR exam, I had about 1 year of law related experience. It was practically everything I could find. It was between my on campus law clinic, unpaid internships at the public defenders between summer breaks, and working as a law clerk waiting for results. During the semester I got a paid job at the library that allowed me to study like 70% to 80% of the time. That helped with my expenses that paid for my gas, food, bar prep, bar exam, moral character exam, etc. After I passed the BAR, I spoke to someone at a booth that gave a speech at my swearing in ceremony and was informed that they were hiring. I applied and got the job.

  15. I worked 3100-3400 hours a year in the number one job to cause depression and mental breakdowns in the USA. A bus driver don’t tell me about high stress jobs. 12 hour shifts every holiday and spit on, hot coffee thrown on, socked, had two guns pulled on me, called racial names at least twice a week, and other things. You got to pay your dues when you start any job. How many times were you assaulted and spit on for doing your job?

  16. You need to live like a college kid: 600 bucks/mo rent with roommates, and turbo pay your loans. Assuming after tax you bring home 100,000, your rent is around 7k, 500 bucks mo for food and other necessaries, gets you to about 15k/yr living costs. Let’s be generous and give you another 5k for some luxuries, so that your living costs are 20k/yr. You pay 80k year to your debt, and are done with it in 3years. Very easy to do imo. All about how you look at it.

  17. Honest question, if you make six figure salary (~8000 a month gross), how is it hard to pay 25% of that to payback your loan?

  18. Thank you you responded to me and I noticed a word misspelled. So I died it and it remove your reply. Didn’t know it would do that. Sadly it is the norm for drivers of most major city buses TWU and Teamsters have been trying to pass a law that it’s 5 years in prison for assaulting a transit operator because it’s so common.

  19. I’m so sorry, this sounds incredibly stressful. I don’t want to come off as flippant but have you thought about government or non-profit work (legal or non-legal) and public service loan forgiveness? No tax bomb after forgiveness in 10 years, and IDR required.

  20. This guy is a moron. Unless you go to a law school which is definitely in the top 25, your life will suck if you're a lawyer.with student loan debt. It's like he did ZERO research on prospects for lawyers. Then the whole bit about "getting left behind" is a joke. No one told him to borrow huge amounts of money then make no payments so that the accrued interest gobbles him whole.

  21. As an aside, I wonder if they were swept up in what my high school did. They tested us in 10th grade, SOI and some other aptitude tests and told us what we likely would be good at and then funneled us into “if you dream it, it can happen” and many of those folks needed to go into trades.

  22. I’d caveat there that you don’t need to go to a top 25/14, but if you don’t you really better work hard. Because ranking is huge.

  23. Don’t forget that most college students are kids. If you’re ok with a multibillion dollar industry fucking kids you should consider revisiting your morals.

  24. the path to becoming a doctor is the only justifiable path that makes sense to pay 300k in debt. since if you dont have the blessing of the AMA and practice medicine you are committing a crime. Lawyers have no limitation on supply, as long as you pass the bar you can practice law. Medical is much more restricted and regulated

  25. Unemployed and underemployed attorneys have been a problem in the field for decades. Law schools increase admissions as jobs shrink. It’s a dirty secret of the industry.

  26. I went to a mid tier school. Never did an internship or even applied to jobs or clerkships during school. Never did moot court or journal. Still found a job paying almost 70k. It sounds low but it’s not bad since it’s amazing non profit work I always dreamed of doing. Oh yeah and I failed the bar the first time by 2 points. You don’t need to follow the mold to find a job. But the way you go about looking for a job matters. Spent 6 months getting no responses from linked in ads. I broke out of a mental funk and decided to be more deliberate. Started emailing firms and partners directly. Asking everyone I know for contacts. And putting my heart into those damn bullshit cover letters. I also paid for a month on one of those websites to help me make my resume look better. Almost immediately I started getting interviews and offers one after the other.

  27. I mean, say the average depth when someone gets stuck in a well is 30 feet. Should everyone get 30 feet of rescue rope? How would you feel looking up at the 30 foot of rope, knowing people in a 20 f foot well had rope laying on the ground?

  28. The stepkid became an MD with much less debt than that...state schools, VA benefits, and working off and on as an LVN.

  29. They think they should go to school for 6 years with a loan paying for their living expenses then wonder why they have to pay back so much. Also, most student loans have extremely high interest rates and target kids that don’t understand what they are looking at.

  30. Look - I feel horrible for the situation he's in and get frustrated that we have a system that allows for this nonsense. At some point you need to get past the "BuT tHeY bOrRoWeD tHe MoNeY" and need to realize that we are giving public funds to these schools to award degrees that will never produce economic value. $300k for Seattle University? Seriously? The government is committing public funds to a hopeless waste there.

  31. This article doesn’t make total sense. 1) It seems like he’s missing out on a ton of opportunities to network/make inroads in the legal profession and 2) the article states his loans are currently accruing interest. But they’ve been paused for what, two years, now?

  32. My god. He should have looked at finance or software engineering. Better income potential than a law degree out of SU for sure and way less student debt.

  33. How nice. Gee I wonder how this my affect his home purchase ability? Could someone figure out this great question for me. I don't understand how it is related. TIA!

  34. The Forgotten Liars: a documentary about one man’s fight for attention during the Great Crash of 2024. - coming soon

  35. Why is this in this sub? Staggeringly stupid student loan decisions are not relevant to real estate prices.

  36. No, it's very beneficial to have a law degree in any field. But just like other things, you need more than one topic of knowledge for it to work for you.

  37. He has a Bar, in New Mexico meaning he could work at any business in America as a corporate console, a quick indeed search shows over a thousand work from home corporate console jobs, he can’t get any of these? homie needs to chill, the degree is earning potential not earning 125k right out of college. Here’s what you do. Go to an online community college, take one class, that will pause student loan payments, then save up money and keep it safe. Then also be working and in 2 years when he gets more mediation and trial experience they may promote him.

  38. These guys are so smart but make dumb decisions. If they decided to invest in real estate like the rest of us, we’d be toast. Let’s hope they continue to not listen to our advice on investing!

  39. The continued accrual of interest while on an income based repayment plan is just unnecessarily cruel. Literally no chance of ever paying that off

  40. I'm honestly not sure what his strategy is, but with $347k in debt, you're not paying that back. My recommendation is he gets a local or state government job in New Mexico (in any position he can find), use IBR and then stay there for a decade and apply for PSLF.

  41. Loans aren't the problem, it's their predatory nature .... I started paying one 13 years ago, original amount:16k ..... paid off amount:18k .... amount remaining: 17k....

  42. I don’t want to rip him apart, as I do feel his pain. I understand that he is a little naive but his situation was impacted by the fiancés medical needs and the pandemic. I hope for his sake he is able to prioritize his career, move to a new city for a new job. There is a lot of people saying there’s an influx of lawyers but I find that if you built yourself up for a career, you go where the job takes you, whether that be the middle of freaking Louisiana you do it do to grow your resume.

  43. Bankruptcy discharge may be an option for him down the road. Also, if he stays in an IDR plan, it may be forgiven in the future if he isn’t able to get his income up.

  44. Yea this sad, but very true. I was accepted into a bigger law school, but chose a tier 3 law school when I realized how much tuition was and I was paying for it myself. Just because you get your license doesn’t mean you’ll make good money. Most lawyers I know worked for free a good year or two just to get a job, starting salary under 75k/year with no benefits, and working 70+ hours a week. Glad I left that profession, honestly. Way too much stress and such little pay/life balance

  45. Since he has a law degree he's on his way to political prostitution (member of congress) where he can make a fortune by enriching himself by timing the stock market better than Warren Buffet!

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