On Jan. 25, the ABA Young Lawyers Division presented “Best Practices for Paying Down Your Law School Debt,” a webinar co-sponsored by DRB Student Loan. If you missed it, now you can catch the recap and PowerPoint slides on YouTube.
The average attorney graduates with $100,000 in student loan debt. With most interest rates in the 7 percent range, many will accrue 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 (1.90 percent variable, 3.50 percent fixed).
This webinar digs into the pros and cons of the repayment plans available and the best practices for paying down your law school debt. The topics 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?
ABA Webinar viewers receive an exclusive $200 bonus upon closing their loan with DRB. Apply using this unique link for viewers.