Why Building Wealth Starts Now
Let me tell you the number one key to building wealth: managing your money intentionally and directing it to where you want it to go. It’s a skill you want to start honing in law school.
Category: Student Loans 101
How to Finance Law School
Getting into law school is a great accomplishment for any student. You should be proud of yourself! After studying to get in, you can finally get the degree you need to become a full-fledged attorney. Your legal education is an excellent investment for your future. With this great
Personal Finance Basics for Soon-to-Be and New Lawyers
Unfortunately, it is quite common for law students to graduate with insufficient personal finance knowledge and financial literacy, a concerning situation after having invested substantial amounts of time and money in academia. Financial literacy is one of several basic skills that is key to success after graduation but
What Law Students Need to Know About Filing Taxes in 2022 (with AccessLex)
Have you filed your taxes yet? Non-profit AccessLex Institute's Mary Bechler, MBA, talks about what law students should know ahead of the April 2022 filing deadline. The Virtual Office Hours series connects you with
Learn how to create your law school financial plan with help from an expert
Join Derek Brainard, MBA, AFC®, CRPC® from nonprofit AccessLex Institute as he outlines how to create a financial plan that works for you during law school. You can also download the
Get advice on choosing a student loan repayment plan
Join LeAndra Ross from AccessLex Institute as she breaks down the sometimes-complicated world of student loan repayment. Learn how to choose a repayment plan that works for you!
Plan for your financial life after law school with AccessLex
Join Jennifer DiSanza, JD, AFC® from nonprofit AccessLex Institute as she discusses the financial actions you can take as you prepare for and transition to life after law school. The Virtual Office Hours series connects you with experts to help you thrive as a law student and prepare
Develop your financial resiliency with this installment of Virtual Office Hours
Jacquie Carroll, Ed.D., AFC® from nonprofit AccessLex Institute walks through how to develop financial resiliency – an important skill for navigating uncertain times. The Virtual Office Hours series connects you with experts to help you thrive as a law student and prepare for
Is change on the horizon for student loans?
Your loan debt probably already feels crushing. Discussions are underway to ease your burden, but their success is uncertain.
Get your law school summer financial plan in order with Virtual Office Hours
How does your true spending compare with your spending plan? Will you have a paid internship? Summer associate position? Taking the bar exam? Get tips to "stay on track" and prepare for the summer ahead. This Virtual Office Hour Session is with Jennifer DiSanza.
Worried about filing taxes while in law school? This advice is on the money
Filing taxes as a student comes with a unique set of challenges. We’re here to help! This Virtual Office Hours session is with Ashley Norwood-Struppa, AFC®. Ashley is a Regional Manager of the Northeast at the AccessLex Center for Education and Financial Capability.
Law student debt: Our profession’s compounding crisis
A law school student loan debt survey report demonstrates the growing crisis of lawyer debt. Here's how that impacts law students.
How to create your financial plan for the New Year (with a little help from the experts)
Managing real-life expenses and trying to save for your long-term financial goals are difficult tasks for most people, not just law students. The ABA and AcceessLex are here to help! Get for tips on creating a financial plan that will get you
Get tips on how to responsibly manage your credit and debit
Do you know that potential landlords, employers and even utilities companies routinely access credit scores as part of their application process? Learning how to manage student loans, credit cards and other debt is essential. Establishing financial skills early on and working to build a good
Learn about investment essentials from a financial expert
When it comes to investments, there is a lot to think about—especially, while managing the stressors and workload of law school. Having a good understanding of investment funds and approaches is essential to investing with confidence and planning for life beyond law school. The Law
Student loan strategies: Life after law school
Here’s a three-step guide to setting your course for student loan repayment, with a few cautionary tips along the way.
PSLF and LRAPs: The facts on loan forgiveness
It’s never too early or too late to start thinking about paying off law school loans. In some cases, if you go to the right school, make the right amount of money, and follow confusing steps that may go horribly awry at any point, you
Avoiding an expensive bar study loan
Editor's note: This post has been updated to clarify a passage in the original version (5/16/19, 10:44 a.m. CDT). As the spring semester comes to a close, many 3Ls are investigating their bar study loan options. Borrowing one last loan to pay
Sticking to a budget: One small step for a law student
Want to get your student loans paid off faster? Would you like to retire a bit earlier? What if I told you there was an easy step you could take right now that would help you accomplish those goals? These questions may sound like the beginning
Graduating from law school debt-free
“Law school” and “debt-free” may seem like an oxymoron these days. Mainstream media and law school admissions blogs alike are filled with stories of newly-minted lawyers who are hundreds of thousands of dollars in debt and without an income adequate to pay off that debt. But I am here to tell you that it is not only possible—but entirely attainable—to graduate law school without any (or with only minimal) student loan debt.
Show Me the Money: Selecting a Loan Repayment Assistance Program
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 TO FIND SOURCES OF LOAN REPAYMENT ASSISTANCE Look
Heads Up 1Ls: How to Finance Your Legal Education the Smart Way
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
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
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
Avoid These Student Loan Mistakes
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
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