As an unidentified first-year law student comes to grips with the reality of his situation–a likely $150,000 in debt by the time he graduates, with no guarantee of a legal job that will make it easy for him to repay this money–he is thinking about dropping out now.
Owing only $21,000 in law school debt at this point, he tells Above the Law, he would probably be better off to call it quits now. That way, he will not only be better off financially, with far less to repay, but happier, since he won’t have to work as hard.
About four out of five responders to an ATL reader survey seeking input about what the 1L should do agree that dropping out is the best option.
But his focus on finances in analyzing the situation shows exactly what the problem is, says Brian Tannebaum in a response to the ATL post on his My Law License blog: