Tag Archives: law school
- Recent Law School Grad Struggling to Pay The Bills. – Lisa
“Dear Steve, -Recent law school grad, haven’t passed the bar yet so not working as an attorney -Low paid job as a law clerk -Don’t make enough to cover all expenses, which include, but are not limited to, 3 credit card payments (12k total,) 3 student loan payments, (total owed $250k) -No health insurance and [...]
- I Could Not Afford Law School But Have Loans. What Now? – Ron
“Dear Steve, Well here it goes…I went to an expensive undergrad school and took out a good amount of student loans. My parents told me it was fine and was actually a good thing to help my credit after I got out. The plan was that they were going to pay for most of the [...]
- I’m Going to Law School And Will Graduate With a Lot of Debt. – Anthony
“Dear Steve, I currently have $39,000 of under-graduate Stanford federal student loans. I will be attending law school next year and will most likely with living expenses rack up $67,000 a year for three years a total of $239,000. I have two questions, will I be able to borrow the additional $200,000 needed for law [...]
- I’m in Law School But Considering Bankruptcy. – Jenni
“Dear Mitch, I am 40 years old and work as a land development consultant. I don’t have to explain what has happened to land development in recent years. I used to make 63k/year with a 15-17k bonus every year. I now make $40k/year with no bonus. My husband’s small business has struggled and drained all [...]
- Want to Incur High Student Loans and Have Grim Job Prospects? Go to Law School.
The New York Times published “Is Law School a Losing Game?” and raised some excellent points that I’ve certainly observed from people visiting this site. In the NYT article, lawyers that have graduated with high student loan debt discuss the grim job prospects and reality of becoming a lawyer in the current economy. In reality, [...]
- Alex Went to Law School, Business School and is Now Buried in Student Loans
“Dear Steve, I went to both law school and business school. I dropped out of law school after a year and a half but borrowed a lot of money for that time since law school is quite expensive, especially for a private school. This pretty much set me back. Business school wasn’t as expensive. I [...]
- I Went to Law School and Now I’m Broke. – Jasper
“Dear Steve, Well, I have two credit cards that I received in college and I was very responsible to make sure to pay them off each month. When I went to law school, I was not allowed to work for the first year, and my parents provided financial support until the economy began to worsen. [...]
- My Goal is to Go to Law School But I Have Bad Credit. – Ella
“Dear Steve, My goal is to go to law school within the next two years. However, I have really bad credit. I have about 5 or 6 charged-off accounts on my credit report, and right now I’m working on paying off these accounts. Now, the reason I’m asking this question is because I don’t have [...]
- I’m a Lawyer With a Law Degree From a Top Law School and I Can’t Find a Job. Michael
Michael “Dear Steve, I’m almost 30 years old, have a law degree from one of the top law schools in the country, and was laid off in December after working only a few months. In any other economy, I’d be easily employable. Sadly, the world is not looking for junior lawyers with little experience right [...]
- Debt Settlement or Debt Negotiation, What’s the Difference? – Carrie
“Dear Steve, Hi. My husband and I just got married in October 2009. Our financial life together has been anything but a fairytale. I graduated from law school in May but have not yet passed the bar exam and have not been able to find employment in the legal field. I just started working at [...]
- I’m $211,000 in Student Loan Debt to Become a Lawyer. I Don’t Want to Be an Attorney Anymore. – Jacob
Jacob “Dear Steve, I’m a 26 year old male who is a third year law student. I have a significant amount of debt. I have 26K in personal unsecured debt, and $211K in student loan debt. The student loan debt was amassed from attending a private university for five years and three years of law [...]
- I Cosigned for My Daughters Law Degree Loans Which She Refuses to Pay Back. – Pam
“Dear Steve, I cosigned on private student loans for my daughter’s grad school years (these are not federal loans.) I’ve since then, been diagnosed with a brain lesion which required treatment, have subsequent seizures, spinal problems and multiple other medical problems. I had to sell my home and move in with my mom and step [...]
- I’m in My Second Year of Law School and Want to Drop Out. But What About My Loans? – Brad
“Hi Steve – I’m currently in my second year of law school and am really thinking about getting out. I’m worried about the roughly $100k in student loans I’ll have to start paying back though, not to mention living expenses and almost $9k in credit card debt I accrued as an undergrad. If I do [...]
- Alex is Buried in Student Loan Payments
“Dear Steve, I have Federal Student loans dating back to ’94/95. My situation was unusual. I first attended MBA school and left after a semester because I also got accepted to Law School at a different university. I went to Law School for a year and a half only to realize it wasn’t what I [...]
- Do You Think You Are A Failure When You Break Your Budget?
I’m always sad when someone says to me that they feel like a failure when they break their budget. Just by it’s very nature, a budget is a self-defeating document that will most likely lead to failure. You see most budgets are not based in truth, they are based in wishes. Here is how I [...]