Why would you say you can't live without loans? For me, the simple idea of having to give money back is giving me the shivers.
You have to forgive me for my ignorance because I haven't gotten into the school loan game yet.Won't your loans still be accruing interest if you go back to school? So you'll end up owing substantially more (in interest alone) if you continue to put them off, correct? Have you done the math on your monthly payments if you start now vs. one or two years from now?
Plus (in theory) the extra degree will give an edge (somehow).
Quote from: lawschoolsux on October 02, 2012, 12:22:27 PMPlus (in theory) the extra degree will give an edge (somehow). No, it probably won't. Unless your goal is to teach college, a Ph.D will only give you more debt. The starting salary for an assistant professor is less than that of a junior associate, and you'll max out at far, far less than an attorney. Most legal employers won't care a bit about a Ph.D (or M.A.), so outside of academia it will not give you an edge. Even if you do want to teach, you better get into a very well-regarded doctoral program. The job market for academics is even worse than the job market for lawyers. I would advise taking any kind of legal work you can get, just get some experience. If you have to, move in with family or relocate to a cheaper part of the country. Believe me, I recently graduated and I know how crappy the market is. The first couple of years out of school might be awful, but if you can get some experience it will get better. Handling DUIs and insurance subrogation cases for $40,000 a year is still better than accruing an additional $100,000 debt for a degree that will not increase your earning potential.
How are you to the point of enrolling in law school without any student loans? You on GI Bill, or just have parents pay for it?
Quote from: lawschoolsux on October 02, 2012, 12:22:27 PMHow are you to the point of enrolling in law school without any student loans? You on GI Bill, or just have parents pay for it?Sorry, no trust fund or rich parents here. It was all scholarships from the state and my school, along with working a full time job at night.I'm not at all looking down on student loans, I was genuinely asking how the interest works if you stay in school.