Getting to a better place financially is a common New Year’s resolution. So the ABA Young Lawyers Division is going to get your 2016 off to a good start on that front with a webinar later this month.
“Best Practices for Paying Down Your Law School Debt” takes place Jan. 25 from 1 to 2 p.m. EST. Presented by DRB Student Loan, the webinar will dig into the pros and cons of the repayment plans available and the best practices for paying down your law school debt.
And that debt, on average, is about $100,000 for a law grad. With most interest rates in the 7 percent range, that means thousands of dollars in interest over the life of their loans.
Fortunately, an array of repayment options are available to lawyers upon graduation. In addition to federal income-based repayment programs, attorneys can now save thousands of dollars in interest payments by refinancing their student loans to much lower interest rates.
The questions the webinar will address include:
- How can I lower my interest rate?
- How will the proposed legislative changes to federal repayment programs affect me?
- How much money do I stand to save by refinancing?
- Will refinancing have any effect on my credit or ability to purchase a home?
Space is limited in this webinar, so sign up today!