Post Academic


Lawyers, Grad Students, and Money

Image Source,Photobucket Uploader Firefox ExtensionIn the past, law students could shoulder massive amounts of debt because they could be fairly confident of getting a job. Now they are facing a situation that should be eerily familiar to Post Academic readers: Firms aren’t hiring the way they used to, and that student loan debt isn’t going anywhere.

Above the Law sums up the anger at the situation: “But do you know what the real bitch of it is? If it turns out you made a terrible investment by going to law school, it’s impossible for you to get out from under your mistakes. You can’t discharge law school debt through bankruptcy absent a showing of undue hardship.”

You sure can’t. But, chin up, o lawyer friends. Post Academic can help you look on the bright side! You still have it better than grad students! Here’s how:

Going to a big-name school can still help you. In academia, there are so few jobs that an Ivy League PhD can only get you so far. In fact, it might not get you far at all. A JD from an Ivy or otherwise big-time school still means you’re hot stuff, however, or at least you’re well-connected.* Even if you don’t have a JD from a top-tier school, you have a better shot at a job than your peers in the humanities.

More reasons for lawyers to feel a little better after the jump! Image of The Illustrated London News – Tichborne Case (1874) from Wikimedia Commons, public domain.
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