Re: if you have no lates does outstandin
[ Edited ]
g student debt lower your score a lot?
05-28-2012 11:59 AM - edited 05-28-2012 12:01 PM
I am halfway done with my MBA and only about 33k in debt with student loans. A few scholarships, a few grants and a few loans... I have kept my borrowing to a minimum.
The only way I could justify being in debt 225k is if I was able to get into a top 20 law school (which is not likely) and even then being an older student it would be hard for me to nail one of those six figure jobs that are associated with top 20 schools.
From my research most private schools are last on my list of choices. Many of the ones that send me scholarship information are tier 3 or 4 schools with poor potential earnings. I would more seriously consider a tier 3 or 4 public school and pay half the tutition. I am doing serious research before I start a law school app spree First choice is my local public law school. If I do not qualify there, then when I am done with my MBA I will do some serious prep for LSAT and take it again to try to improve my score. Then do my app spree in 2014.
Very vague info, just do not want to hijack the thread with too many details.
That sounds like a good plan. Keeping borrowing to a minimum is always a good idea, where possible. I did go to a top tier private law school for both rounds, and footed the bill myself for undergrad, so there was no way I was getting out with less then $150K of loans.
Just as an FYI - I wouldn't write off the notion of getting the six-figure job just because you're an older student. I was an older student, myself, and was in school with quite a few older students. I chose to go into government to preserve my work-life balance as much as possible, but many of my older classmates went on to get the first-year associate big law positions.
I only really know about the legal profession, so this may be different or it may be the same in others. I would say it's a very good idea to decide where you most likely want to practice and in what area of the law, and let those two factors drive your decision about where to apply. In the legal profession, there tends to be a considerable amount of geographic and school-based preference shown by employers.
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