Law School Hurts Pocketbook Forever said on Feb. 25, 2013 at 5:33 p.m. Don't ruin your life by going to law school! Over $200K in nondischargeable loans and a dismal legal labor market for new grads. Even if you get a job, it probably won't pay well. Law school applications are way, way down for a reason. The word is out that law school is a losing proposition. Don't do it!!!!!!!! There are much better things you could do with the money and time!