One of the biggest issues facing students today is student loan debt. A lot of students are going into a career field that they believe will lead to high pay and great benefits. However, a lot of these industries are not growing at all. There are many people who are struggling financially because of this.
At one time, becoming a lawyer was one of the best things that any young person could do. However, a lot of people today are finding that the legal industry is saturated with people who have already graduated from law school. It is vital for students to understand these trends before they spend all of that time and money trying to get a job in this field.
Cost of School
Any additional degree program is going to cost a lot of money. The biggest problem with law school is that it is long and costs a lot of money. Just because a student graduates from law school, this does not mean that they will pass the BAR exam. Not only that, but passing the exam does not guarantee a job in the field.
Over time, students have to look at the cost versus the benefits of getting what they want. There are many people who are excited about the changes that are going on in the industry today, but these changes are not necessarily great for new graduates.
There are a lot of students who are graduating from law school with high levels of student loan debt. This becomes a major financial issue for them later on in life. Not only that, but many graduates end up joining a different field where the pay is not as high. For many graduates, they are stuck with student loan payments without having a high salary. This is not a good place to be in, especially when it comes to buying a home or raising a family.
In the coming years, many people are hoping that the overall cost of college will go down. However, few people actually think that this will be the case. Many students are tired of paying high fees just to get a law degree without having better job prospects.
There are many people who believe that the legal field is going to have a shortage of graduates in the years ahead. It will be interesting to see how the industry responds.