That's why respected experts in personal finance such as "Rich Dad Poor Dad" author Robert T. Kiysaki are out there hammering this: There's a difference between bad debt and good debt. His most recent book "Rich Dad's Guide To Becoming Rich" aggressively presents the reality that builders, whether they are putting together a career or a production plant in the midwest, "invest" in debt. Of course, it's a risk (what isn't). But usually it is a carefully calculated one.
Student loan debt from attending law school does not necessarily constitute bad debt. Take the well-know case of lead writer for Abovethelaw.com Elie Mystal. His total student loan nut, from both graduating from Harvard undergraduate and Harvard Law School, totals about $150,000. He didn't cotton to practicing law in BigLaw so he left that high-paying field where one can repay the debt in several years. Instead he chose journalism.
For Mystal that risk has paid off. His presence as a voice of the downtrodden (we know law students, associates, and even now partners are often treated dreadfully) has not only created a brandname for him in the legal sector. Likely he can leverage that to employment in myriad other media properties.
In itself, students loans don't represent bad debt. Those first-year associates hired in 2013 at $185,000 at Dallas-based Bickel & Brewer probably don't think so.