October 8, 2009

Tackling Law School Student Loan Debt


Law School Debt, Practical Advice, Student loans

studentdebt.JPG

A boatload of debt awaits the average 2008 law school graduate, the Daily Business Review reports, citing a nonprofit group, Equal Justice Works.

Beth Kobliner, author of Get a Financial Life: Personal Finance in Your Twenties and Thirties, tells the Journal that it may be easy for graduating students to "feel overwhelmed, but the best thing you can do is to educate yourself about your options."

The Journal's article, which appears at lawjobs.com Career Center, provides information for the debt-ridden law school graduate, such as:

Find out if you qualify for income-based repayment. William Hoye, director of financial aid at Duke University Law School, said this new program for government-backed loans is one that every law grad should know about. The program offers especially attractive repayment terms for those who take public interest jobs.