RE: how can one have any demonstrated analytical skills when they cannot even determine they are borrowing so much money to attend school they can never pay it back or if they do, they will have no life for the foreseeable future?
I believe the problem is one of unrealistic expectations. There perhaps was a time not too long ago when jobs for lawyers (with good compensation to boot ) were widely available. That was the cause of the unrealistic expectations and the risky dive into taking on expensive college loans.
The good times were real in the past.... they are not anymore and won’t be back for at least 4 years.
BTW, this isn’t only a lesson for law school students, it is applicable for many other college students (Yes, even those studying to be doctors ).
I agree, this is a lesson for all aspiring college applicants, not just lawyers albeit that was the center of the article.
For quite a few years, college was not so expensive to be unattainable for almost anyone who wanted to go and wished to work for it. As is usually the case, when the government got involved in the student loan business, circa 1965, that all changed and continued to change for the worse with every attempt to “reform” the system. Costs go up as money available for a product increases because the money increases demand unsustainably. Centers of higher learning became consumer product dispensors with their own marketing arms. Sadly, education suffered by dilution of excellence due to broader based admissions standards and stretching of available professorship talent. Lay over all this the government regulations which come with the taking of government funding and you get what we got now.
All IMHO of course.