Law Students

Money Matters

By Ms. JD

Ed Note: This summer, Ms. JD solicited myths and truths from law students across the country. Many students discussed student loans, budgeting, tuition payments, and other ?money matters.? A common theme? Create a law school budget?and then stick to it.

Jennifer Paige Friend, Walter F. George School of Law, writes that student loans are awesome. Well, sort of.

Yes, student loans are awesome! I would not be in law school without them.  However, every dime you spend, you have to pay back and a lot more.  Resist the urge to go shoe shopping with those loans, even if the perfect pair of stilettos is calling your name.  Remember, you will be calling yourself something else later when your shoes are long gone and you are paying for them at 4 times the price.  As much as I love spending money, I have realized upon reflection that I probably did not do myself any favors by acting like loan money is free money.   I am not saying that you should never go shopping, eat out, or have fun.  In fact, you absolutely should do all of those things!  But, try to live modestly and minimize your debt.  You will thank yourself in the long run.  ?

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Full post as published by Ms. JD on August 11, 2008 (boomark / email).