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Tag: Student Loans



Woman Doing Finances

Plan for your financial life after law school with AccessLex

April 22, 2021

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

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

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

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

Bar Study Loans

Avoiding an expensive bar study loan

May 13, 2019

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

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

Sticking to a budget: One small step for a law student

January 11, 2019

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

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.

Debt-free

Graduating from law school debt-free

June 07, 2018

“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.

Picking a Law School

Picking your path: How to choose a law school

April 25, 2018

I spoke at my law school at an admitted students’ event about how I decided on a law school. I am sharing some of my thoughts here as well because I know that many of you are making the same decision.