[quote=squat300]no. it would be worth it to wait 3 years to discharge law school debt today.
tuition exceeds 50k, plus living expenses and ins chool interest, that’s 225,000 law school debt alone.
divided by 3, that’s $77,000 in benefit, tax free income.
i think many would take a 3 year hiatus for that!
5 years, a little tougher, but might still be worth it. dependng on the job market[/quote]
You assume that a lender would still let a prospective law student borrow $225K when they could default and declare bankruptcy. That’s the key right there. You need to find a balance between the risk of strategic default and what you’re willing to let someone borrow. Of course I’m sure that will be seen as evil and mean behavior by the banks. How can you possibly deny a kids dream.
