Debt

According to Alan Scher Zagier, writing for the Associated Press, "The days of top law school graduates having their pick of six-figure jobs at boutique firms — or at least being assured of putting their degrees to use — are over.  Post-graduate employment rates are at their lowest levels in 15 years."

The article continues, explaining that because the employment rates have declined, so have the law school application rates.  "New student enrollment at UCLA law school is down 16 percent, while the University of Michigan reports a 14 percent decrease in applicants."

"I don't need a big copier, I don't need a huge support staff to manage all my paperwork and I don't need an expensive phone system," Damon Chetson said in a recent interview."  Basically I just need a laptop and cell phone and I'm off and running."

Frugality is a Must

How many thousands of dollars will you owe your lender(s) by the time you obtain admission to the bar?  How many dollars per month will you be paying back for how many years?  These questions haunt many law students.  But not all.