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To: SeekAndFind

From the article:

* The average interest rate on federal loans for graduate students is 8%, which starts to accrue while the student is still in school.

* The typical law graduate often holds debt in excess of $150,000 by the time repayment begins.

* Salaries have plummeted, with the mean private-practice compensation today, $78,653, falling 16% from where it was in 2009 ($93,454), and 8% from 2002 ($85,518)

* Law-school tuition has increased 434.8% at private schools since 1985

Author then gets personal. He says:

“In my case, although I found employment, my finances are precarious. With $169,000 in law-school debt and an annual salary of $55,000 (which is within the average range for a small firm), I cannot start paying off my debt in a responsible and timely manner, much less afford to have a wedding, start a family, buy a home, etc.”


2 posted on 01/06/2013 7:45:42 AM PST by SeekAndFind
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To: SeekAndFind

Can’t lawyers just hang out their own shingle?


3 posted on 01/06/2013 7:51:08 AM PST by The Duke
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To: SeekAndFind
These new grads aren't looking in the right place. The Dept. of JustUs is looking for aspiring lawyers with certain discriminating qualifications*.

*unmentionable (that's racist)

4 posted on 01/06/2013 7:56:04 AM PST by shove_it (the 0bama regime are the people Huxley, Orwell and Rand warned us about)
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To: SeekAndFind
If I see or hear of an other asshat graduate pointing out they are under employed for the amount of student debt they have and adding to that they will not be able to buy a home or car or some other commodity, I am going to scream. Supposedly, in this case of attorneys, completing college shows a person has certain analytical talents and an ability to use those talents in a profession. Now then, 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?

Then again, I was raised in an practical era during which there were few financing avenues available to tempt those with no idea of what the world outside of academia held for them. Time to grow up is at hand for them now. For the writer of the article he learned to late. Hopefully those who read it will heed the advice within.

7 posted on 01/06/2013 8:09:17 AM PST by Mouton (108th MI Group.....68-71)
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To: SeekAndFind

I saw the writting on the wall with regard to college costs years ago and encouraged my wife to become a college professor so that our children could someday get a free college education (one of the common benefits of being a professor) making college’s spiralling costs meaningless to us.

I estimate that one benefits will be worth a couple of million by the time our 4 children are college age. And the best part is... it’s basically tax free income


8 posted on 01/06/2013 8:11:48 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: SeekAndFind

In some places every job is taken by lawyers. Desk jobs, all minor government jobs...all lawyers. They get hired because you can get them for about 22,900 and get the law degree for free.


32 posted on 01/06/2013 2:13:23 PM PST by Chickensoup (Leftist Totalitarian Fascism coming to a country like yours.)
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