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Law Schools That Won't Drown You in Debt Still Exist

If you're worried about law school debt, you should be. If you attend law school, you may or may not end up with your dream job, but you will certainly end up with a monstrous pile of debt. The good news is that there are still schools out there that are graduating JDs without drowning them in loans. A new list from US News reports features the law schools you may want to consider.

We should point out, however, that the grand majority of the schools on the list aren't exactly the top institutions. And in the highly status-conscious world of law, this may be a make-or-breaker for you.

BigLaw Firm Entices With Extra $100 Monthly Toward Student Loans

The firm of Orrick, Herrington and Sutcliffe announced last Friday something we're hoping will become more standard in the legal community: an extra $100 per month toward student debt.

Like anything, however, there's a catch -- the perk will continue for new associates until they become eligible for their first bonus. Still, who's gonna say no?

Quinn Emanuel Wants to Pay You $35K to Leave Your Summer Job

Do you dislike your summer firm? If you were to stumble upon a new job offer at the end of the summer, would you jump on it?

Fear not, Quinn Emanuel Urquhart & Sullivan is dangling a $35,000 sign-on bonus for lucky associates who join the QEUS team -- after a summer stint at another firm. Regardless of how other firms might feel about this, it could be a valuable opportunity to young lawyers who aren't in love with the firm they chose for their summer gig.

Some of the Richest Lawyers Are Criminals

Taking a look at Money Inc.'s list of the richest lawyers in the world, you may notice something quite interesting. Did you know that some of America's wealthiest lawyers were either indicted or convicted of some pretty hefty crimes?

Will Defrauded Law Grads Ever Be Able to Cancel Loans?

If you're a law graduate from Thomas Jefferson School of Law, chances are you're applauding the Education Department's proposed rule to modify the defense to repayment in favor of defrauded students. But if you're a taxpayer who didn't go to law school, you're probably a little less jubilant.

It's a touchy subject: student debt forgiveness. For years, the general taxpayer was up in arms about proposals of providing debt relief for overburdened undergrad students who couldn't find a job. But providing relief to more "sophisticated" law students is surely to raise controversy and costs to the American taxpayer.

BofA GC to BigLaw: '$180K Junior Pay Is on Your Dime, Not Ours'

BigLaw associates are still tipsy over recent news that many of the hallowed BigLaw firms (including Cravath, which has led the charge) bumped first year associate pay to $180,000. But in these uncertain economic times, it's understandable that some parties might have some misgivings about this development.

Take Bank of America's reaction, for example: "Don't expect us to fund your expensive new associates."

You find sunken treasure, literally piles and piles of gold (and a fair amount of human bones) at the bottom of the ocean. You're set for life, right? Not quite. As any fan of "The Treasure of the Sierra Madre" can tell you, finding gold is just the start of your troubles.

And so it goes with the S.S. Central America, a Gold Rush era steamship that deposited over 30,000 pounds of gold (worth about $50 million today) in Davey Jones' locker, just off the coast of South Carolina, more than 150 years ago. That sunken treasure was discovered in the late 80s, only to lead to legal battles that are still playing out today, most recently with attorney Richard Robol being sanctioned for $225,000 for failing to turn over documents regarding the gold.

You took out loans for law school knowing that they'd come due someday, but not anytime soon. Then you graduated, found a decent job, and suddenly your lenders came knocking. And if you maxed out on loans when studying the law, the amount you owe every month can be staggering, even if you're making a Cravath-level salary. For those of us making much less, even modest (by law school standards) student debt can seem completely insurmountable.

But there are ways to survive your student loans and even make payment tolerable. Here are our top tips for dealing with student debt, from the FindLaw archives.

Want to finish your JD without being crippled by six-figure student loan debt? You could try to land a full scholarship, but many of those don't cover living expenses. You could try to work full time, which isn't impossible but certainly isn't easy. You could have your parents pay, if you're lucky enough to have parents who can cover your tuition and expenses.

Or, you could try getting a sugar daddy. That's what one 2016 Villanova Law grad did. Candice Kashani recently spoke to the Associated Press about financing her law school education through a series of sugar-daddy relationships, in what the AP describes as a "modern twist on an age-old arrangement."

Parent Loans: New Sallie Mae Options for Funding Your Higher Ed

If you are a student considering a degree even higher than the undergraduate one you recently earned, you're most likely in that unenviable position of wondering how to finance that degree. Well, recently Sallie Mae became the latest lender to offer its own version of the new type of "parent loans" called "Smart Option Student Loan" intended to help well-meaning family members fund their children's education -- maybe yours.

It's nice to have additional options for funding, but as always -- read the fine print.