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Author: Heather Jarvis

Heather Jarvis Heather Jarvis is an attorney providing educational resources and training for student loan borrowers and is the founder of askheatherjarvis.com.

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Author posts



Show Me the Money: Selecting a Loan Repayment Assistance Program

April 01, 2015

Loan repayment assistance programs (LRAPs) help hundreds of law graduates make their required student loan payments. These programs typically provide assistance to law graduates choosing low-paying public-service employment in spite of student debt. WHERE

Public Service Loan Forgiveness 101

February 01, 2015

Interested in a public service career? Afraid you won’t be able to afford your student loan payments? Law graduates can afford to pursue lower-paying public interest positions in spite of student loan debt thanks to federal Public Service Loan Forgiveness and a variety of loan repayment assistance programs. If you

PSLF

Proceed with Caution: Evaluating Financial Planning Services

December 01, 2014

When it comes to money, today’s law students have a lot to think about. You’ll soon face a wide variety of financial concerns—including saving, investments, insurance, taxes, retirement, and estate planning. A qualified financial planning professional can assess every aspect of your financial life and help you develop a detailed

Heads Up 1Ls: How to Finance Your Legal Education the Smart Way

October 20, 2014

American Bar Association data show that in 2012, out-of-state tuition at public law schools averaged $36,202 per year and private law school tuition averaged $40,634. Factoring in “indirect costs” such as books, housing, board, and health insurance (which can cost between $12,500 and $25,000 per academic year), the

For Love or Money - How Marital Status Affects Student Loans

April 01, 2014

Married couples with student loans should also consider how marriage, family size, and tax filing status affect student loan payments. Here’s how you can begin talking about how student loan debt fits into your life and your plans. “Joint” or “Separate” Student Loans?

Four Things Every Student Loan Borrower Must Do

April 01, 2014

If you borrowed student loans to finance your legal education, you’ll need to make some decisions about your student loans soon after graduating. Follow these four steps to keep your payments affordable, protect your credit rating, and avoid paying too much. Give your loan servicers your new contact information. A loan

Keep the Wolve$ at Bay: Avoid These Student Loan Mistakes

March 01, 2014

Misunderstanding the key differences between student loans. Not all loans are created equal. Most law students have several different kinds of student loans. The cost of borrowing and options for loan repayment and forgiveness depend upon which loans you have. Today’s law students typically borrow some or all of the following kinds

What Student Loan Borrowers Need to Know About Mortgages

February 01, 2014

This article provides tips for student loan borrowers considering mortgages. Begin by making sure that everything on your credit report is accurate because it takes time to correct any mistakes. Three months should be sufficient time to detect and correct mistakes. Save for a Down Payment Different mortgage loan programs require different

How Student Loans Affect Your Credit

December 01, 2013

Information about your student loans is reflected on your credit report and will influence your credit score. A high credit score based on a positive credit history helps you qualify for favorable terms on mortgages and other loans. A low credit score can make it hard to get good interest

Three Keys to Managing Student Loans

October 01, 2013

Although law school is expensive and most law students graduate with significant student loan debt, reducing the costs that are within your control, choosing federal over private loans, and understanding your repayment options will go a long way toward successfully managing your debt. Ideally, your total debt would be less than

Career Expectations Help Guide You to a Successful Student Loan Strategy

May 01, 2013

Part Four of Four in a Series by Heather Jarvis In the final installment of her series, student debt expert Heather Jarvis discusses which student loan repayment strategies best fit your existing financial circumstances and your employment expectations. Law graduates work in a variety of positions earning a range of salaries, and

Student Loan Timeline for Graduating Students

March 03, 2013

Graduating law students have a lot to think about. You’ll need to pay attention to your student loans while you are studying for the bar examination and conducting your employment search. An organized approach can keep your payments affordable, protect your credit rating, and help you avoid fees

Taxes, Student Loans, and the Bottom Line

January 01, 2013

Many people take care in preparing a tax return so that they do not pay more tax than is required. Not only can careful tax preparation minimize the amount of tax you pay, but it can also influence your monthly student loan payments. What specific tax considerations do student loan

Getting a Grip on Your Student Debt

November 01, 2012

A legal education represents a major investment of time and money. Increasing costs and declining salaries mean the “return on investment” of a law degree is not what it was. You can’t change the fact that law school is expensive, but the steps that follow will help you lessen your