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Category: Student Loans



How to create your financial plan for the New Year (with a little help from the experts)

December 04, 2020

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

How to manage your debt and credit

Get tips on how to responsibly manage your credit and debit

November 12, 2020

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

Investment Advice

Learn about investment essentials from a financial expert

November 06, 2020

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 Crisis

The student loan debt crisis

October 19, 2020

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

Budgeting

Student loan obligations: A societal issue

September 29, 2020

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

Safe Banking

The financial lessons of the pandemic

September 01, 2020

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.

Student Loan

PSLF and LRAPs: The facts on loan forgiveness

November 01, 2019

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

Decisions

Don’t overlook retirement when paying down student debt

March 12, 2019

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

Loan Types

Are Graduate PLUS Loans the best way to borrow for law school?

February 13, 2019

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

PSLF

Rumors of the demise of Public Service Loan Forgiveness have been greatly exaggerated

November 05, 2018

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.

Money Smart

What you need to know about student loans

November 01, 2018

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.

Sarah

Eight simple steps to avoid debt

August 23, 2018

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.

MakeTheCase

Take action now – #MakeTheCase for legal education!

December 06, 2017

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

Law School Loan

Free student loan debt webinar on Jan. 17

January 13, 2017

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