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Started By
Message
re: “I took $200k in loans for law school but never passed the bar. Now I'm stuck with debt”
Posted on 12/18/22 at 2:44 pm to SPEEDY
Posted on 12/18/22 at 2:44 pm to SPEEDY
quote:
In the 10 years since I graduated from law school, I've failed the bar twice because of mental-health issues. My debt has ballooned to more than $332,000, including interest.
If I tried to take the bar again, the cost for a class and the test itself could be up to $3,000, which I just can't afford — so I'm stuck with the debt of law school without the prestige of bar membership.
This thinking and borrowing more than you needed is exactly what the new world has taught people. No responsibility taken by him at all.
Its really sad to watch it all crumble down like this. In 10 years, young people will have no idea what to do or how to create a future for themselves other than hope their Tik Tok goes viral
Posted on 12/18/22 at 2:54 pm to SPEEDY
quote:
To cover my tuition and help offset living costs, I took out a loan of $200,000
LOL
quote:
In the 10 years since I graduated from law school, I've failed the bar twice because of mental-health issues
A great way to get people to stop caring about mental health issues is to let every loser claim they are in that number. This guy should take out a fat life insurance policy and then go grab thugs' asses on Bourbon St. until he can actually contribute to his family's well-being for once in his life.
Posted on 12/18/22 at 2:58 pm to Koach K
quote:
Even if this schmuck passes…then what? Like the ambulance chasing sector isn’t already replete with warm bodies.
He could become a professional document review attorney.
Posted on 12/18/22 at 3:03 pm to SPEEDY
People actually fail the bar exam?
Posted on 12/18/22 at 3:10 pm to SPEEDY
Seems stupid to take out six figure loans for a career that might not even pay six figures for a long time. Shoulda went to med school
Posted on 12/18/22 at 3:14 pm to NIH
quote:
It amazes me that places like Southern can still operate. Pay six figures for a degree and there’s a 50% chance you don’t get to use it per past graduating classes.
I’m not sure what it costs now but I got a degree from SULC in the mid 00s for somewhere short of $25k. No scholarships. SULC maybe shouldn’t be operating for other issues (or if they just raise their incoming standards) but costs wise it’s a decent value.
This post was edited on 12/18/22 at 3:18 pm
Posted on 12/18/22 at 3:17 pm to LSUFanHouston
quote:
People actually fail the bar exam?
Didn't JFK Jr fail it like 4 times?
Posted on 12/18/22 at 4:03 pm to cable
quote:
Didn't JFK Jr fail it like 4 times?
Vincent Gambini failed 5 times, but passed on the 6th
Posted on 12/18/22 at 4:06 pm to NewIberiaHaircut
quote:
Learn to code
Most people throw this as a fallback but depending on what your learning to code that could be harder than passing the bar
Posted on 12/18/22 at 4:14 pm to SPEEDY
Who held a gun to his head and made him take out the loan?
Posted on 12/18/22 at 4:32 pm to NIH
quote:Instate annual tuition & fees for Southern’s “Law” School is around $19k per year.
It amazes me that places like Southern can still operate. Pay six figures for a degree and there’s a 50% chance you don’t get to use it per past graduating classes.
Law School Transparency Website Link
Posted on 12/18/22 at 4:36 pm to soccerfüt
$19k for three years plus living expenses for three years plus bar prep and not working = six figures
Posted on 12/18/22 at 4:48 pm to SPEEDY
"mental health issues" = im too lazy and stupid to pass the bar. now pity me.
Posted on 12/18/22 at 4:49 pm to caro81
I could not pass the bar and now have $200k in debt to pay back without the reward = mental stress
Cause = Effect
This = Life
Cause = Effect
This = Life
Posted on 12/18/22 at 4:50 pm to SPEEDY
He could easily erase that debt with a 5 year stint in the oilfield
Posted on 12/18/22 at 4:51 pm to SPEEDY
quote:
My debt has ballooned to more than $332,000, including interest.
This didn't happen overnight, nor was he a victim. You chose to take out 200k in loans, which is daunting by itself, but then you apparently blew off making any payments for years and nearly doubled your debt. Don't feel sorry for ya bro. Prolly expected daddy Biden to forgive it all.
Passing the bar is tough, and lots of people fail multiple times. It happens. But as other posters said, only taking it twice in 10 years, letting your debt balloon, and then just moping around feeling sorry for yourself is pathetic. You wouldn't need the expensive bar prep courses if you weren't 10 fricking years removed from law school and still not licensed. It's a sunk cost to keep bitching about it a decade later. Move on, choose a different career path and pay your damn debt.
Posted on 12/18/22 at 4:54 pm to caro81
No sympathy from me. Stupid decisions and being bad at math have consequences. Hopefully his kids learn the lesson he didn't from his bad example.
Posted on 12/18/22 at 4:59 pm to Bjorn Cyborg
quote:And I suppose you don't have to be a green unicorn to say you're a green unicorn--but to be a lawyer, you have to be admitted to a bar (in some jurisdiction), and to be admitted to a bar, with rare exceptions you have to pass the corresponding bar exam.
You don’t have to pass the bar to say you are a lawyer.
Posted on 12/18/22 at 5:01 pm to bird35
quote:Or to know the difference between "perspective" and "prospective"?
A big part of the problems is the law schools who accept perspective students who are not smart enough to pass the bar.
Posted on 12/18/22 at 5:49 pm to SPEEDY
quote:
In the 10 years since I graduated from law school, I've failed the bar twice because of mental-health issues. My debt has ballooned to more than $332,000, including interest.
If I tried to take the bar again, the cost for a class and the test itself could be up to $3,000, which I just can't afford — so I'm stuck with the debt of law school without the prestige of bar membership.
Easy. Our government put a solution for this in place about 11 years ago.
1) Consolidate into a federally qualified repayment program. Make minimum payments for 25 years. The rest is taxably forgiven
Or
1) work for 501c3 or other qualified employee
2) consolidate as above into an income-based repayment plan
3) make 10 years of minimum payments which are capped at some amount of discretionary income
4) get the loan forgiven tax free.
alternatively, they could just do what they agreed to do, but they’re allowing their debt to balloon and cannot afford $3,000 (which are somehow going to fix the mental illness barrier?), it seems they are unlikely to do that.
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