Law School Student Loans & Consolidation Loans Weigh Heavy
According the WSJ article many lawyers are working jobs reviewing documents for as little as $20 an hour without benefits, hardly enough to pay off student loans ranging from $100,000 to $160,000. The law industry is suffering from a supply-and-demand crisis.
This is just another example of how important it is to weight the risk vs. return when deciding your profession and considering student loans and student loan consolidation programs. It is becoming more and more apparent that rising cost of education is negating the entire goal of the educational process. In many cases you find degreed professionals with $100,000+ in student loan debt making the same amount as their high school graduate peers in professions such as plumbing or construction.
