Financing Graduate School

justinmeche
Wed, 08 Dec 2004 17:57:24 +0000

I’m in my 4th year of undergrad and will graduate when I am finished with my 5th year. I definitely want to go to law school and a family friend who is an attorney advised that I go right after undergrad instead of waiting a few years or so. My brother plans on working for a few years before getting his MBA but law school is different. The attorney told me it is best to go now while I am used to not having money rather than working a few years and having to give up a good engineering salary. I see his point because I don’t really like school and I definitely don’t like the idea of giving up money for three years to do so.

I was worried about the debt that I will incur since I will have over $30,000 in loan debt before even going to law school. My parents provide nothing in terms of help with tuition and books. They have enough trouble paying off their own bills and debt. Since I never wanted to work a full-time job during the semester (I’ve had summer internships) the only way to pay for school is loans. So my choice is school, loans, and a good job in the future or no loans, no school, and no good job. I just hope engineering and law degrees will result in a well-paying job that will allow me to pay off the loans without much trouble.