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Tag: Student Loans



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.

Division-Update

Revising accreditation standards for greater transparency for incoming law students

March 02, 2018

We, the American Bar Association Law Student Division Council affirm that the American Bar Association can and should do more to protect potential law students and current law students as they seek to enter the legal profession. We also affirm that greater transparency, achieved through accreditation rules, will ensure that students can make informed decisions. We, thus, call for the Council of the Section of Legal Education (“Council”) to increase the reporting requirements already authorized under Standard 509.

Samuel Chang

How the decline of bar exam passage rates impacts law students

March 07, 2017

Samuel M. Chang, the outgoing 14th Circuit Governor for the ABA Law Student Division, spoke at an event titled "Declining Passage Rates on the California Bar Exam: Possible Explanations and Impacts," an informational hearing of the California State Assembly Judiciary Committee on Feb. 14. Chang spoke during a panel titled "Possible Impacts of

Student Loans

ABA sues feds to protect loan promises

March 01, 2017

Are you worried about another difficult test even after you graduate—how you’ll handle the burden of repaying the cost of your education? You’re not alone, and the American Bar Association is working on the issue. In December 2016, the ABA and four attorneys with that very worry sued the U.S.

Law Student Podcast

Fighting the Tide of Student Debt

February 07, 2017

If you want to be a successful lawyer, law school is a given. With the hike in student loans, however, it may be a while before you actually make any money.

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

Podcast: Why Washington should save Public Service Loan Forgiveness

ABA sues over Public Service Loan Forgiveness denials

December 20, 2016

Last year, the American Bar Association started a grassroots effort to save Public Service Loan Forgiveness for lawyers in public service and law students who planned to enter public service. Today, the ABA sued the Department of Education to honor PSLF benefits after they were retroactively denied to lawyers

DREAM Initiative

LSD dares to DREAM with Initiative

December 01, 2016

By KAREEM AREF This year, the ABA Law Student Division is raising the bar and working toward the law student dream. At the 2016 ABA Annual meeting in August, LSD leaders created a plan to make strides in five essential policy areas for law students across the nation. Coined the DREAM Initiative,

Donald Trump and Mike Pence

What the election results mean for student loan borrowers

November 15, 2016

It’s the political upset of the century, and this election is going to be studied by analysts and political scientists for years. But the reality is clear: Donald Trump has been elected the next President of the United States, and both houses of Congress will remain firmly in Republican control for the

Student Debt

7 reasons why this election matters for student loan borrowers

September 01, 2016

The presidential party conventions are over, and what seems like the “election that never ends” will actually be over in less than 100 days. A lot is being said about this election – that it’s the most important in a generation; that it could fundamentally change the United States and its

Podcast: Why Washington should save Public Service Loan Forgiveness

With your help, the ABA is working to save Public Service Loan Forgiveness

April 29, 2016

The ABA’s Governmental Affairs Office (GAO) was established in 1957 to monitor legislative action affecting lawyers. It has since evolved into a full-blown lobbying department with 10 federally registered lobbyists who actively advocate for the adoption of ABA policies by Congress and federal agencies. GAO uses the traditional tools

Student Loan Debt

A push to bring back subsidized student loans

April 05, 2016

The cost of getting an education has increased substantially in the last decade. No longer is attaining an education an affordable venture. The fact of the matter is while costs have steadily increased, the amount of assistance that is offered to low-income and middle-class students has steadily decreased.