Ranking Over Money

juillet
Sun, 31 Jan 2016 10:30:20 +0000

I’m positive that’s true and that’s not in question at all.

The question is whether someone should borrow $150,000 for those opportunities.

It’s not that I don’t think law schools in the 26 to 50 range are good to great - they are. I’m not even in law and I’ve heard that Boston College is excellent. Really, 32% of your graduates at medium to large law firms averaging $125-160K and a substantial portion in judicial clerkships is quite good!

But do you want to be burdened with $150,000 of debt when your likely salary is somewhere around $65,000 to $85,000 and may never actually get to the $125K level (or, if it does, will only get there after 10-15 years of work and after your loans are scheduled to be repaid already)? That’s for every person to decide for themselves, but my instinct is no.