Chris Danzig here. If you read Above the Law, well, ever, you know that we are deeply concerned about the burden of law school loan debt facing many young lawyers. The general consensus at ATL — vocalized most frequently by Elie and Staci, who each have firsthand experience with six-figure loan debt — is to avoid law school entirely, or at least know what you’re getting yourself into (and STFU when bill collectors come calling).
Occasionally, we hear about unusual approaches to dealing with debt that are undertaken by entrepreneurial — or outrageously bold, depending on your perspective — lawyers or law students. Crowdsourcing seems to be one of the new strategies.
Today, we heard from a 30-year-old graduate of an elite law school who is still living with his parents. He has turned to the internet for help paying off his loans.
I think he may be onto something, but my colleague Staci doesn’t exactly agree….