"The burnout factor is real," Catherine Fink of Longmont, Colorado, says of teaching. She's starting her first year of law school.
Some law schools are expanding entrance exam options as a way to try and encourage more diverse students to apply.
As enrollment declines and the job market for lawyers stagnates, some law schools are struggling to keep the lights on.
Non-J.D. enrollment at law schools is growing
The Wall Street Journal reports that newly minted lawyers have only about a 50 percent chance of being employed as lawyers nine months out from graduation.
My wife and I have taught in Alabama public schools for the past 2 years and have made (forced) contributions to the state retirement system in that time frame. Together, we've got around $8,000 invested in the state retirement system. Realizing the limited income prospects for career teachers, we both applied and were accepted to a top 25 law school on full-tuition scholarship. My question to you is this: For my retirement account, I have the option of either a) taking a lump-sum payment of the $8,000, minus 20 percent in federal income tax, or b) rolling it over into a 401(k), IRA, or similar long-term savings plan. Should I take the money and run, or should I start building a retirement nest egg while I'm financing the rest of my life with borrowed money? Alex, Montgomery, AL