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 law student and prepare for life
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.
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.
A law school student loan debt survey report demonstrates the growing crisis of lawyer debt. Here's how that impacts law students.
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
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
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
This article, written by Joshua Cohen, originally appeared in the May/June 2020 issue of GPSolo magazine, volume 37, number 3, published by the American Bar Association Solo, Small Firm and General Practice Division. All rights reserved. This information or any portion thereof may not be copied or disseminated in
The national student debt is now at $1.6 trillion. Students loans are currently the second largest slice of household debt after mortgages. In 2019, about one in eight Americans had student loan obligations. Many financial models predict that 40 percent of all federally backed
Even though this new “abnormal” won’t last forever, the effects of the COVID-19 pandemic will be far reaching. Though we’ve all been hit in different ways, there are financial lessons you can take from current events to help protect you against financial insecurity in the future.
There’s no dancing around it: debt and loans are an anchor on law students and young lawyers. To put a visual to the daunting numbers that we all know in checking our own loan servicing accounts, one place we can look is the
In response to the global COVID-19 pandemic, Congress has come together in a bipartisan way to offer financial support to millions of student loan borrowers trying to navigate these difficult times. The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a number of
Here’s a three-step guide to setting your course for student loan repayment, with a few cautionary tips along the way.
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
Getting that first student loan bill can be terrifying. For many borrowers, it is the precise moment the monopoly money of student loans becomes real debt. For young lawyers, it can lead to an epic panic. I owe how much? This can’t be right, who
There is a great debate in the legal and financial aid community. Is it a good idea to borrow money for law school? How much is too much? When is law school a mistake? To be clear, this analysis is critical and should be considered by any perspective law
Debt and Credit Strategist Jen Lee and Creative Joy Director Samorn Selim, both lawyers, share their expertise on how law students and lawyers can navigate the waters of debt and careers in this webinar, "Key Strategies for Managing Student Loans and Other Debt."
As a law student there are many things you can be doing to “vaccinate” yourself from future misery. A few small steps will leave you much better off in the future.
Most of us will incur some type of student loan debt by the time we graduate from law school. Depending on the professional path we choose, it may take more than a decade to be debt free. Today, student debt in the United States amounts to more
Last month this column admonished law students not to rely on the public service student loan forgiveness (PSLF) program. The many variables of life make it a dangerous six figure bet. Shortly after publication of this advice, news broke that 99 percent of borrowers who applied for PSLF were rejected. At the risk of sending mixed messages, however, I would tell law students and young lawyers not to give up on PSLF either.
Student loans are scary and sometimes downright mystifying. Do as much research as possible and ask questions, even the ones you’re afraid to ask.
Don’t bank on student loan forgiveness. Don’t borrow money that you don’t absolutely need. Have a Plan B and keep an open mind to the future.
By your mid-thirties, you are far enough along in life to understand that staying out of debt is a key to your longterm financial health. But have you ever sat down and thought about what, specifically, you need to do to stay debt-free? Here are eight simple steps that will help you.
The House of Representatives released its Higher Education Act (HEA) reauthorization bill this past Friday, and it proposes to modify or eliminate several federal financial aid programs – changes which would directly and negatively affect law students. These proposals include: Lowering the cap on Grad PLUS Loans Eliminating
How much student debt are you going to have after law school? The typical answer for a JD is "lots." Learn about the current landscape of paying for your education in "The World of Student Loan Debt: Understanding Options for You, Clients, and Employees." It's free to members of the