Business Insider posted an article recently titled “I Consider Law School a Waste of My Life and an Extraordinary Waste of Money.” While this represents just one person’s experience, the narrative paints a startling picture of the realities some people face in this microcosm of higher education.
The article is a Q&A with an anonymous 28-year-old lawyer who says he incurred a “life-destroying” amount of debt by going to law school, with nothing to show for it now.
“Never in my worst nightmares did I think I’d find myself with $200,000 in debt, making less than $50,000, struggling to find job openings and to move on in my career,” he writes. “I live with my parents. I don’t have a car. I don’t go out to socialize. I don’t date. I don’t buy new clothes. I don’t buy electronics. I don’t buy much of anything.”
After he graduated from law school, he moved around small law firms for two years, even working for free as an intern at one point. Then, he worked for a $12,000 annual salary; after three months he got a raise to $24,000. Now, he works for a $45,000 salary with 15% of it going to his law school loans on an income-based repayment plan.
“There is an enormous oversupply of JDs in the United States. Low-paying jobs routinely receive hundreds of resumes from desperate law school grads,” he concludes. “I think getting a computer science undergrad or even community college degree leads to a more positive economic outcome than law school the vast majority of the time.”
Though Indiana needs more bachelor’s degree graduates too (in certain degree tracks), IndianaSkills.com was created to help meet employer and employee needs in a very specific area. The greatest job demand in Indiana is in the middle skills, meaning Indiana’s economy needs many more workers with sub-baccalaureate skills and credentials (associate’s degrees, certifications, certificates). Not all degrees and credentials are created equal – we encourage all students and job seekers to understand Indiana’s labor market demand when making choices about further education. IndianaSkills.com is one resource to find that information.