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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
Posted by LanierSpots
Sarasota, Florida
Member since Sep 2010
71102 posts
Posted on 12/18/22 at 2:44 pm to
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 by GRTiger
On a roof eating alligator pie
Member since Dec 2008
71226 posts
Posted on 12/18/22 at 2:54 pm to
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 by MSTiger33
Member since Oct 2007
21664 posts
Posted on 12/18/22 at 2:58 pm to
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 by LSUFanHouston
NOLA
Member since Jul 2009
41086 posts
Posted on 12/18/22 at 3:03 pm to
People actually fail the bar exam?
Posted by jcaz
Laffy
Member since Aug 2014
19302 posts
Posted on 12/18/22 at 3:10 pm to
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 by rmc
Truth or Consequences
Member since Sep 2004
27371 posts
Posted on 12/18/22 at 3:14 pm to
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 by cable
Member since Oct 2018
9735 posts
Posted on 12/18/22 at 3:17 pm to
quote:

People actually fail the bar exam?


Didn't JFK Jr fail it like 4 times?
Posted by The Easter Bunny
Santa Barbara
Member since Jan 2005
45664 posts
Posted on 12/18/22 at 4:03 pm to
quote:

Didn't JFK Jr fail it like 4 times?


Vincent Gambini failed 5 times, but passed on the 6th
Posted by FLObserver
Jacksonville
Member since Nov 2005
16102 posts
Posted on 12/18/22 at 4:06 pm to
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 by Rebel
Graceland
Member since Jan 2005
143854 posts
Posted on 12/18/22 at 4:14 pm to
Who held a gun to his head and made him take out the loan?
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
74897 posts
Posted on 12/18/22 at 4:32 pm to
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.
Instate annual tuition & fees for Southern’s “Law” School is around $19k per year.

Law School Transparency Website Link
Posted by NIH
Member since Aug 2008
122921 posts
Posted on 12/18/22 at 4:36 pm to
$19k for three years plus living expenses for three years plus bar prep and not working = six figures
Posted by caro81
Member since Jul 2017
6358 posts
Posted on 12/18/22 at 4:48 pm to
"mental health issues" = im too lazy and stupid to pass the bar. now pity me.
Posted by Turf Taint
New Orleans
Member since Jun 2021
6010 posts
Posted on 12/18/22 at 4:49 pm to
I could not pass the bar and now have $200k in debt to pay back without the reward = mental stress

Cause = Effect

This = Life
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
66113 posts
Posted on 12/18/22 at 4:50 pm to
He could easily erase that debt with a 5 year stint in the oilfield
Posted by Neauxla_Tiger
Member since Feb 2015
2109 posts
Posted on 12/18/22 at 4:51 pm to
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 by calcotron
Member since Nov 2007
10747 posts
Posted on 12/18/22 at 4:54 pm to
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 by NOLATiger163
Insane State of NOLA
Member since Aug 2018
621 posts
Posted on 12/18/22 at 4:59 pm to
quote:

You don’t have to pass the bar to say you are a lawyer.
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.
Posted by NOLATiger163
Insane State of NOLA
Member since Aug 2018
621 posts
Posted on 12/18/22 at 5:01 pm to
quote:

A big part of the problems is the law schools who accept perspective students who are not smart enough to pass the bar.
Or to know the difference between "perspective" and "prospective"?
Posted by Hopeful Doc
Member since Sep 2010
15388 posts
Posted on 12/18/22 at 5:49 pm to
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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