October 2009 / SLFC

Law Student Loan Repayment And Forgiveness

An on going problem for law school grads and students in the increasing amount of debt they are accruing in law student loans. Often times this prevents law grads from entering public service sectors due to the amount of student loan debt they have. The ABA Commission, released a report entitled “Lifting the Burden: Law Student Debt as a Barrier to Public Service”… law grads suffering from student loan debt will find this a helpful resource on Student Loan Repayment And Forgiveness.

“We are pleased to present Lifting the Burden: Law Student Debt as a Barrier to Public Service. This Report concludes the work of the ABA Commission on Loan Repayment and Forgiveness, a special two-year project created in 2001 by the ABA Board of Governors at the request of then-ABA President Robert E. Hirshon. Many of todays law graduates are finishing law school owing in excess of $80,000 in law school loans. Graduates who aspire to pursue public service jobs encounter unique challenges as they attempt to meet their monthly educational loan obligations while earning traditionally lower salaries. Many find that they cannot make ends meet on a public service salary and are forced to forego the opportunity to serve their communities using their legal skills. Others who do accept public service legal jobs find they must leave after two to three years of service to accept higher-paying employment…”

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