May 24, 2011
What’s worse than walking around with a bunch of college debt and no job?
"Walking around with college debt and law school debt, when you are three years older and you still can’t find work," writes ATL's Elie Mystal. Quoting from So This Is Why People Keep Applying To Law School:
I know we’re dealing with 22-year-olds — or maybe even teenagers — I know kids have some problems acting with foresight. But having just spent four years for a degree that didn’t help you get a job, why would you throw away another three years? Doesn’t loading up on ever more expensive degrees without really examining the job market sound suspiciously like making the same mistake twice?
And that doesn’t even get us into the three years of lost opportunity cost. You could mow lawns for three and be in a better financial position than where most people are when they graduate from law school.
I’m not saying being a professional day laborer is better than being a lawyer (that’s a debate for another time), I’m just saying that you can do a lot of things for three years that don’t require you to borrow money.
Here's a Suggestion. Reject your law school acceptance offer and go to Hollywood to make your fame and fortune. There's plenty of entertainment industry types hiring personal assistants. [JH]