Tag Archives: law school debt

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The Lowdown on LRAP: Magical Law School Debt Reliever?

Loan repayment assistance programs (LRAPs) are magic wands that make debt disappear for students who are good-hearted enough to enter public service. Sure, you’re earning a quarter of what your classmates are making, but you’re making the world a better place, and karma repays you for that. With your loan repayment, you get a unicorn to ride to work and a lifetime’s supply of free candy canes. Oh, and you officially get to celebrate your half-birthday, which means more presents!

There are many students who enter law school every year with dreams of entering public service after they graduate. The salaries aren’t nearly as high as those in the private sector; your loans, however, will be. So how do most students expect to cover the gap?
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May 8, 2013 - 6:54 pm - By Matt Shinners
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Logical Reasonings / 4.22.13

A) These days, LSAT prep and law school admissions can be tough to juggle. Law Admissions Lowdown. B) If you’re worried about law school debt, just make sure you get hired by this law firm that’ll cover it. Business Insider. … Read Entire Article…

Apr 22, 2013 - 4:17 pm - By Hank
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Logical Reasonings / 3.29.13

A) Among the steps to prepare for law school debt: Don’t bank on loan forgiveness. US News and World Report. B) Not everyone’s a fan of law schools hiring their own graduates, but it’s not such a bad thing. Above … Read Entire Article…

Mar 29, 2013 - 4:09 pm - By Hank
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Survey II: Pre-Law Students Ready to Foot the Law School Bill

As many of you know, Blueprint LSAT Prep recently surveyed a large number of potential law students about their views on legal education and expectations of their futures. We first wrote on the application process and how recent trends match up with student’s views.

This week, we’re going to look at how much it actually costs to go to law school, and what that means long-term during a legal career/life of a student loan.
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Sep 11, 2012 - 6:29 pm - By Matt Shinners
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Logical Reasonings / 8.30.12

A) Before President Obama broke Reddit yesterday, he answered a question about law school debt. Business Insider. B) She went from homeless to law school to a tax attorney for the Philadelphia Law Department. Huffington Post. C) An American journalist … Read Entire Article…

Aug 30, 2012 - 3:06 pm - By Hank
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Ways to Pay Off Law School Debt (Other than a 6-Figure Job)

Everyone knows that unless you have a big scholarship or very generous (rich) parents, you’re more or less bound to end up with some serious debt after law school. This sad truth pushes many idealistic law students, who would perhaps otherwise work in the public sector or in public interest, into high-paying corporate jobs.

While this may be upsetting to the bleeding hearts among us, it is actually a fairly positive outcome: We should be happy for those young idealists who, despite losing their values, actually get good jobs. For everybody also knows that job prospects for law school graduates are downright abysmal these days, and many students are ending up underemployed or without a job entirely.

I’ve listed a few ways for graduates to help pay off their law school debt, aside from landing a six-figure Big Law job.
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Aug 15, 2012 - 6:18 pm - By Ben DeGolia
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Logical Reasonings / 8.8.12

A) Hmm. Some law schools want to change their tuition figures for US News & World Report. Wall Street Journal. B) This New York University law student has resorted to post signs to help pay off his law school debt. … Read Entire Article…

Aug 8, 2012 - 2:46 pm - By Hank
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Logical Reasonings / 5.4.12

A) Law School Transparency screwed up its recent findings about law school debt. It’s actually much worse. National Law Journal. B) NYU Law School has invited blind Chinese dissident Chen Guangcheng to be a visiting scholar. DNAinfo. C) Why bust … Read Entire Article…

May 4, 2012 - 4:10 pm - By Hank
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Logical Reasonings / 4.18.12

A) LSAC has raised LSAT testing fees 15 percent, in case you haven’t frowned yet today. National Law Journal. B) Is it okay to put down deposits at multiple law schools? Good question. Anna Ivey. C) Putting things into perspective … Read Entire Article…

Apr 18, 2012 - 4:24 pm - By Hank
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Handling Law School Debt II: A Conversation

Last week, I gave you some of my own advice about taking on large amounts of debt for law school.

This week, I interviewed some acquaintances who are currently working full time as lawyers at Big Law firms to see how the amount of debt they assumed to attend law school is affecting their lives, post-graduation. You should treat each of these stories as a best-case scenario; they were all employed at graduation in a large market, at firms that paid at the top of the salary band.

You should also view the responses through a lens of the selection bias finding these lawyers entailed – I posted a query on Facebook, so the responses I received were most likely from those who had strong feelings about the student loan situation.
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Apr 11, 2012 - 6:40 pm - By Matt Shinners
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