Fleeing the Country Due to Student Loan Debt: Egypt

Welcome to the first post in a new series in which I discuss some places you could go if you are looking to leave the country due to your high student loan debt.  Of course, I do not recommend this practice, as IBR should be able to save you.  However, if you are smart, you will still, without hesitation, pay your loans through IBR while possibly living in a cheaper locale, where the dollar goes a lot further.  With that said, I plan on paying my entire student loan balance, realizing that IBR is a fallback in case I do not find the high paying job of my dreams.  I also am considering a possible jaunt overseas if my income does not stretch far enough to pay for a very frugal life in the United States.

EGYPT

I have been to many countries now, and as I post this I am in Cairo Egypt.  I have just visited the Egyptian Museum and I must say, I am going to miss it here.  Last night was what may be the start of the second revolution and the streets were packed.  Many people have left, but I must say I did not feel the need to.  Sadly, my plane ticket was purchased a few months back, and it was the morning of July 2nd that I chose to depart on.  So, with that said, the question becomes: would I live in Egypt?

It takes a while to get used to Egypt.  At least, it did for me.  At first it's a place that is very unlike the United States.  It is dry, hot, and full of dust.  Cairo has more pollution than many people in the United States are used to.  The housing in Cairo and other cities is very old and rarely fancy.  There is virtually zero rain.  No humidity.  There are a lot of touts.  English, however, is spoken widely and it's not hard to find the things that you may need.  The cost of living is also much, much lower than in the United States.

Cost of Living in Egypt

In fact, eating local street food, such as falafel, fuul, or koshery would set you back only a few dollars a day total. Water has to be purchased, but is cheap and will clock in at about a dollar fiddy a day.  Did I say fiddy?  I meant fifty.  Room and board comes in at a VERY small amount.  An apartment can be rented in Cairo for a couple hundred a month.  For a little more you can live like a Sultan.  Transportation costs are very cheap, even transportation to the other side of the country.  All the creature comforts of home, such as internet, cellular phones, television, and World of Warcraft are all available here.  Skype is free, which will allow you to call your mother back home and tell her that you love her and miss her home cookin' and basement life.

Finding Employment in Egypt as an Expat

I am not sure about finding a job here, but I do know that there are jobs in teaching English as a second langauge, as well as jobs in coastal resort areas such as Dahab and Sharm el Sheikh as diving instructors.  A diving course in order to become certified as a dive master will set you back around $800-$1000.  Pay for divers is not that great, however.

If you are entrepreneurially-minded, you may be able to make an income in Egypt by writing books (such as Derailed at My Law School: The Story of a Terror-Stricken Third Year Law Student)  or import and resell cheaper local items, such as blankets, scarves, bags, perfumes, and other handicrafts, into the United States.

Finding Legal Employment in Egypt

There are lawyers in Egypt, but I am not sure how hard it is to get into the legal profession here.  I would consider e-mailing some and asking if they need help.  Many international lawyers may be interested in English speaking attorneys, especially in the resort areas.  There are lawyers who advertise in Dahab and Sharm el Sheikh who help with real estate matters and international transactions.

If you want to pursue an LLM, graduate programs abound that allow you to study online.  Yes, you can study while in Egypt and enjoy the lower cost of living that Egypt entails.  

Quality of Life in Egypt

In Egypt, you will enjoy a high quality of life for less money than you are used to in the United States.  You will have a variety of locales in which you can visit while still making a living.  Most areas of the country can be reached in less than a day from Cairo.  You can lay in a hammock in Dahab and swim in the cool waters of the Red Sea for under $10 a night at places such as Sindbad Camp.  You can camp in the desert in Sinai and explore the wilderness there for about the same price.  Activities such as windsurfing, sandboarding, and sailing can be done for a smaller sum than found in the US.  Cheap flights to Europe are plentiful.

Cons to Living in Egypt

Diarrhea comes to mind, but is easily cured.  It takes time to get used to the different foods here, and your body will need to adjust to the water.  Travel back to the United States to visit family is expensive, and an air ticket will set you back $800-1200, round trip, depending on the time of year.  There are few Americans compared to Europeans and Russians in Egypt, and this may bother some.  Also, the heat can be unbearable, the same with the dryness.  If you are used to living in your parents basement, living so far from the comforts of home may be tough.  Arabic may be hard to learn for many.  Also, there is visible poverty in many areas and people will sometimes ask you for a little financial help -- then again, this is not so different than most places in the world.  The political situation is also somewhat unstable at the moment, but not as much as you may have been lead to believe by the media.

Conclusion

I would say that Egypt is a country that you should consider if you are looking for a place that offers quite a bit of bang for your buck.  It is an exotic place that offers something for everyone.  The Egyptian people are very nice and welcoming, and you will probably make a ton of friends here if you give it time.  There is so much to see and do here that this may just be the place you want to flee to.

Truckin' my way through law school.

To learn some CB lingo, head on over to: http://www.thetruckersreport.com/trucker-slang-and-cb-radio-lingo/

Breaker Breaker, this is Law Rig, anyone else out there?
10-4 Law Rig, this is Mack Daddy.  What's your 20?
Just finishing up this law school run.

Many people wonder why I am still in law school, given that I don't know that I want to practice law.  It is a question I am asked regularly enough that I thought I would let the world know exactly why I am still truckin' my way through law school.

First, I would like to say that when I entered my first year of law school I was a starry eyed 1L who thought law school was the most amazing thing in the world.  I honestly loved briefing cases, learning the 'black letter law' as they called it, and immersing myself in my studies.  I did very well in my first year of law school, as a result.  However, I did not make law review, which was one thing that upset me, and it was part of the reason I grew somewhat complacent during my first semester of being a 2L.  However, even at that time I had no aspirations of quitting law school.  And I knew I was in deep.



I continued to trudge my way through law school, and in the middle of that same semester, I started making this blog.  At first I thought it would be a fun way in which to express my distaste for certain parts of law school.  Some things had begun to annoy me greatly (as is the case with many things in life).  Further, I started to notice other similar blogs about law school.  Some were from kids with rosy glasses and others were from people like Nando, who I stumbled upon.  I read most of his blog entries about different law schools and began thinking about law school a bit differently.  Further, I noticed that my law grades had plummeted.  I began to ask myself some hard questions such as "do I want to do this?"  Further, I did not find my legal internships as enjoyable as I once imagined.  They were nothing like what I saw in the show "Perry Mason" (although I knew they would be different).  I was merely a slave boy working for free.  It was all rather depressing.  However, I figured I would continue through my second year, as I had a lease on an apartment and to quit law school would mean I would be evicted, and that I would not only have dropped out of school, but have an eviction on my record. 


In my second semester of the 2L year I did much better than I did in the first semester.  My grades were somewhat respectable.  That made me feel better, even if it was somewhat meaningless.  It at least showed me that it wasn't me as a person who was a dolt.  And although my grades will not land me a job, I realize that they can at least help my self-esteem, which is worth perhaps more than money.

Now I am about to enter my third year.  A "rising 3L".  I could quit now.  However, I would have to find a job immediately, as I am still paying a small fortune for rent here in New York.  Either that or I can finish the game.  One more year.  I will have the JD, the option to take the bar, the option to do something as far as legal work.  Further, my debt right now is very large.  One more year isn't going to be much of a change as far as it being 'manageable'.  As it stands now, I will have to do IBR (Income Based Repayment) whether or not it's $150k or $200k.  On top of that, I don't mind leaving the US after law school.  I have spent some time in Asia and Europe, as well as Central America, and I know that I could be happy in any of those places.  I have planned on retiring outside of the US for a very long time now.  If I had to leave sooner, I would not bemoan the fact.  Further, I have considered leaving to teach English outside of the US after law school.  Although it's not a glamorous job, it's something I would not mind doing.   In fact, the prospect excites me.

Having weighed all the options for myself, I think the best course of action is to finish.  If I was a 1L still I would have probably dropped out and at least did something else.  However, I am too far in for that now.  So, I shall finish the game, down the boss, and maybe get a little bit of loot, even if it's merely a piece of paper.

Spring 2012 Grades

Well, I got my grades back, and I must say I have shown an improvement.  Perhaps there is hope for me yet.

I want to take the time to share my grades with my readers, in case they are curious.

Corporate Finance: C+
Law and Economics: A+
Copyright Law: A
EU Law: B+

Other than the Corporate Finance, the grades are not too bad.  In fact, I think that gives me around a 3.4 GPA.  The average at my institution is a B+, so the C+ was quite rotten, but after last semester, I don't feel too bad.  I didn't really try this semester, and it shows that I may still have a chance at getting some good grades.  However, that being said, I still feel law school grades are somewhat arbitrary and have done tests in the past in which I felt like I did amazing on, only to find out that I did quite bad.

Last semester my GPA was around a 2.6, and right now I believe I have a 2.9.  I hope to graduate with a 3.2, but I know that is going to be tough.  I have 2 more semesters, and to graduate with such a GPA will mean I will have to work hard.  Further, I still plan on leaving the US to teach English after law school, so I wonder what the point of this all is.

Some may call me crazy for giving up law before even trying.  Truth is, I think of it as crazy sometimes.  However, I feel that I am not cut out for the profession, nor do I want to sell my soul.  Yes, I should have researched this in advance more, and the scam bloggers who say that the current students deserve some of the blame are in many ways right.  As law students, we should research, and we must be held somewhat accountable.  Not accountable for deceptive business practices and the state of the law school educational machine, but for not being savvy enough to realize how messed up it is.

There are many blogs on here that do a great job of exposing that system, and I can't devote the kind of time or energy in uncovering the system as they do, so I will not try.  Instead, I am here to show the kind of fear that is pretty commonplace today.  Even though the kiddies on Top-Law-Schools act smug, the truth is, they are scared to death and, in reality, look quite pathetic.  

We are being made to be the bottom feeders in society and paying dearly for the privilege.  We should sometimes feel pathetic.  Especially those who have over 1000 posts on TLS.  

Recontacted the mentor, but I ask: Why?

At least one of my readers told me to get back in contact with my mentor.  So I did.  I figured there is no harm in at least writing her a letter.  Further, I was honest.  I have not talked to her since this has occurred, and to be honest, part of me wonders what the point is.  Before, I bother with that though, I shall let you read the letter:

TO THE MENTOR
Hello,

I am writing you as I have been bad with keeping in touch with you.  For that I am sorry.  I had a very rough semester, and to be honest, I was somewhat afraid to get back in touch with you due to not having much going for me.  Due to moving and financial aid issues my grades were quite bad.  I did not fail any classes, but I was quite upset to see that I did poorly in a couple of my classes.  Further, I was forced to leave my position in (city) due to trying to find a place to live and being asked to skip class, which I could not do.  I have felt like a failure, and honestly wonder if law school is worth it for me to continue.  I did quite well during my first year, mostly due to hard work.  I know that grades are very important to employers, and have been slowly looking for summer work.  I have also considered focusing on just getting a job instead of trying to be picky about finding something in my field.  Further, I have applied for a couple of clinics and other positions for the fall.  I keep hearing how awful the economy is now and how that even the top performers are not able to find work.  I guess the thing is, it's very disheartening at times.

Anyway, I wrote you as I wanted to update you on things and let you know that I am sorry for not keeping in touch better.

Talk to you soon,

THE REPLY

Dear Terrified Law Student, Let's get together real soon and schedule a call even sooner. Can I meet you or call you some time today? Believe me, I know that life can be tough. But I've found that it helps to talk. I'm here for you.

-Mentor

***


First, the more I study and the more I think about it, the more I realize I do not want to practice law.  I would rather work in a non-profit or, hell, even barely subsist than deal with that day in and day out.  Second, I am worn out from all this hassle.  Third, I am figuring that I'd rather teach English abroad in Asia (a place I have traveled to and enjoyed) or join the military (enlisted, not officer) than be a lawyer.  Fourth, I continue hearing from my family that "they are so proud of me."

I have not posted on this blog in a while.  I figured that I should focus on my studies.  I should read every page given to me.  I should attend every class.  I should outline myself.  I should focus on school.  Lucky for me I was not called on this semester, which was nice.  Instead, I was able to completely focus on my classes.  But in the end, I still think "what's the point?" 

A few months back I posted a letter my grandparents wrote to me about how I should not drop out.  I have not spoken to them since that letter and, honestly, am quite angry that they mentioned it.  Further, other members of my family have bombarded me with comments such as "you are going to do so great!"  "we are so proud of you!"  "Terran (a psychic who gave me a palm reading during my childhood) always said you would go far!" (More on this in another post, as I don't believe in psychics). 

The truth is, I am quite angry.  Next week (5 days actually), I am going back home for the first time in two years (since starting law school).  I am not ready for the bombardment of questions (the inquisition). 

Yes, I got back to the mentor, but we have not met again (nor have we talked on the phone).  Further, the more I think about it, the more I do not want to practice law, so what is the point of calling the mentor?  What is the point of meeting up with her?  I don't know. 

One year left.  It's going to be interesting.

Someone Has to be the Guinea Pig...

I am proud to say that I am the very first in my family not only to go to college, but also to go to law school.  That being said, my family has no clue what law school is like or what the legal profession is really like.  Recently I talked to a family member who said that I was probably going to be "set for life."  I did not know what to say to this, as I expect utter hell ahead of me to find a job - and I have little to no hope of success.  I have also considered joining the military, teaching English outside of the US, or leaving the US upon graduating for other work as other options.  I fully expect to have to settle for one of these options.  After all, who am I, a bottom of the class law student in a lower tier law school, with very little work experience and no connections, to expect something better?  I have also prepared myself for work at Starbucks or in Fast Food, as I at least have experience with that sort of thing, and while I hated it, one has to do what one has to do to survive.  I have resigned myself to the idea that I will never own my own home or partake in any such large purchase using credit.

Being the first in my family to go to college and law school, I have realized that I am the guinea pig.  When I started my undergraduate 'career' I took out much loan money.  I did not live at home, nor did I consider that a viable option at the time due to issues that were taking place at home during that time in my life.  As such, I incurred much extra debt to cover rent.  At the time I lived in Seattle, WA shortly after the wake of the 9/11 attacks.  The airline industry, which is huge in Seattle, was severely hurt due to the attacks.  Boeing and other large companies had laid off many workers, making the unemployment in Seattle and Washington state skyrocket.  Finding a job at that time was quite hard, so I did school instead of finding a job.  Sometimes I sit back, and think, to the sounds of NIN or Rancid blasting loudly on speakers behind me, what would have life been like if I had went to work instead of school?

I moved out of state and transferred schools to finish my undergraduate degree.  After that I moved to the east coast for law school as I was not accepted to any of the west coast schools I applied at.  I am sure this is quite common, as I know of a lot of TTTT and TTT students on the east coast from places such as California, Washington, Oregon, etc.

As I have gone through college and know the reality of the college 'experience' and the 'real job market' that exists after college, I could help my own children with the whole college experience.  Problem, I do not plan on having children (never felt the want to) and I don't think I would have any with such debt even if I wanted some (which, again, I don't).  Therefore, even though I have served as the Guinea pig, I will not have any children of my own to tell about the results of this experiment.  Therefore, I am a wasted experiment in many ways.

Yesterday I was told a niece of mine is gearing up to go to college.  She lives on the west coast and I don't talk to her, except when visiting (once every couple years, maybe).  She is from a lower income family and her mother has done a couple years of college, but never finished.  Like me at one optimistic time, my niece probably imagines that college will lead to wealth.  Her boyfriend comes from a family that is, according to her mother, 'well off'.  Of course, the boyfriend's parents are boomers who succeeded partly due to college.  Surely these boomers paid little for their educations and are reaping the rewards.  If my niece goes to college, surely she will end up 'well off' just like them, right?

I imagine she will one day have children of her own, and one day can be the Guinea pig of her family, telling them about her college experience and the results of it.  Who knows, maybe my niece will find success.  Maybe she will win the college lottery.  I hope she does.  Since her mother has some college experience, I am sure she can benefit from learning about not taking out loans and living at home.  After all, I was informed that she does not want to talk out loans at the outset.  That's great.  I wish I knew not to back then.

I will graduate law school with around $200,000 in loans.  I do not share this tid bit often as it's somewhat disheartening to think about.  However, at the same time, I know my situation, and I know that even if I make $100,000 I will not be able to buy a house for a few years.  I know, however, that I will not make this kind of money out of law school.  People at my school who think they can make this much, and who are not in the top 1-2% of the class or who are not well connected are fools.  There is no nice way to put it.  It's the honest truth.

However, that being said, they too, in a way, are Guinea pigs.  They will eventually realize the absolute hell that is before them.  They will have the sleepless nights, the fear of the reoccurring nightmares of law school, and the unending lament of having went to law school in the first place.  Many will break.  Some will kill themselves (oh yes, they will).  Others may end up in prison, which, may not be a bad alternative, as there is no debt and job search in there to worry about (sore rears, that's another story).  Others will flee the country, feeling the shame of not being able to have paid back their debt.  Having left the US on a few occasions, the idea of leaving the country does not bother me.  However, what does bother me is not having a choice.  What bothers me is having WASTED years on getting a worthless education.  I have learned a lot through college, but I could have learned it all on my own without paying $200,000.

What a waste...