1L Survival Guide: So you wanted to go to law school to get rich, huh? Now that it’s almost 3/4th the way through your first year, and just about on the far side of OCI, you’re probably starting sense that the $160K/yr jobs don’t exactly flow like honey. Shit, even at $160K/yr, after Uncle Sam takes his chunk, and then you figure in your $2K/month loan payments, you’re not exactly the collar-popping tycoon you envisioned yourself to be. You won’t be poor; but you wont be worry-free, either.
On the other hand, maybe you came to law school to do some good in the world. If you haven’t already figure out how f’cked YOU are, my public service friend, it’s time to pull out your calculator and shove it inside your eye socket.
So, while the debt is inescapable, at least you learn to handle the debt collectors. This link will get you a starting point.
One last piece of advice not covered in the article: remember, you can always avoid paying back your debt by permanently moving to some heart of darkness deep in a foreign jungle. If you’re in to being rich, you’ll be the richest guy/gal in the village. And if you’re in to helping people, there’s no better place than the 3rd world. Ex-Pat repayment plan go.
