Regret Attending Law School?

ariesathena
Fri, 21 Dec 2012 13:12:27 +0000

NYULawyer, the median household income in America is about $50k a year. Household. Median. Look, very, very, very few people who aren’t engineers, finance people, or accountants make that money straight out of college. (Give it a few years, and things will be different, hence my advice to work.)

Back to my original point: this study applies to college, not law school or graduate school, but illustrates the way in which college (or law school) doesn’t necessarily add as much value as you think it would. Highly intelligent, hard-working people are often going to be successful anyway, and spending $200,000 on the process isn’t going to change things quite as much as one would think: [High-profile studies overrate going to college and picking the right major - Economics - AEI](http://www.aei.org/article/economics/high-profile-studies-overrate-going-to-college-and-picking-the-right-major/)

Final thought: a linear increase in student loan debt takes an exponentially longer time to pay off. (Debt that increases exponentially may never be paid off.)