I'm on the verge of graduating law school with no decent job prospect in sight. This despite the fact that I go to a top 6 school with a slightly above-average GPA. My summer associate firm no-offered me last year, killing my chance of getting that $160K starting salary.
Now at some point in the future I will find a job, and it probably won't be awful since I go to a good school, but it will be a much longer road to paying off the $200K+ with a 7.5% interest rate. Monthly payment will be at least $1000-$1500.
Here are my options as I see them:
1. Move back to my home state where family connections can probably get me a decent firm job.
Pros: Low cost of living, close to family.
Cons: Requires living in a 500K population, depressing, blue-collar, semi-redneck city.
2. Move to economically dynamic sunbelt state where I have more distant family connections.
Pros: Possible chance of getting a decent firm job. Nice weather. Prettier girls. Probably good gaming opportunities.
Cons: Still kind of redneck. Don't know a soul there other than distant family.
3. Hold out for decent government job in my large, northern city. Maybe not as a lawyer.
Pros: Job will happen at some point. Great gaming opportunities. Have a great main girlfriend, and seeing a couple of other girls right now too.
Cons: Higher cost of living. Uncertainty about when the job will come. No family connections, so lots of networking required.
4. Skip the country and find a way to support myself overseas. Maybe take the English teaching route, but I'm open to any possibility. Needs to be somewhere I have a shot with local women.
Pros: Never have to pay off debt. Realize dream of living/working overseas and traveling.
Cons: Can never have a job in the US again without paying off debt.
What do you guys think? Do you have any other ideas?
Now at some point in the future I will find a job, and it probably won't be awful since I go to a good school, but it will be a much longer road to paying off the $200K+ with a 7.5% interest rate. Monthly payment will be at least $1000-$1500.
Here are my options as I see them:
1. Move back to my home state where family connections can probably get me a decent firm job.
Pros: Low cost of living, close to family.
Cons: Requires living in a 500K population, depressing, blue-collar, semi-redneck city.
2. Move to economically dynamic sunbelt state where I have more distant family connections.
Pros: Possible chance of getting a decent firm job. Nice weather. Prettier girls. Probably good gaming opportunities.
Cons: Still kind of redneck. Don't know a soul there other than distant family.
3. Hold out for decent government job in my large, northern city. Maybe not as a lawyer.
Pros: Job will happen at some point. Great gaming opportunities. Have a great main girlfriend, and seeing a couple of other girls right now too.
Cons: Higher cost of living. Uncertainty about when the job will come. No family connections, so lots of networking required.
4. Skip the country and find a way to support myself overseas. Maybe take the English teaching route, but I'm open to any possibility. Needs to be somewhere I have a shot with local women.
Pros: Never have to pay off debt. Realize dream of living/working overseas and traveling.
Cons: Can never have a job in the US again without paying off debt.
What do you guys think? Do you have any other ideas?