Save Money Today on Your Student Loans
Dying for student loan debt relief? Sure, you can put those loans in deferment or forbearance, but both of those options have major drawbacks.
It’s way better just to get your loan forgiven or have someone else pay it off for you. And if you're interested in that (because who isn't?), you've come to the right place. Get ready—this is the largest guide to student loan debt relief we've ever assembled.
Do you feel like you're drowning in law school debt? You're not alone.
The average law school debt for a graduate is $112,776, according to legal website Above the Law. And according to U.S. News and World Report's 2018 rankings, a large percentage of law school graduates now regularly end up with upwards of $150,000 in student loan debt. At some law schools, 90% of graduates take on debt.
Deciding which law school to attend was a serious nail biter. But figuring out what to actually do with that law degree?
Eek. Between the presentations from your career services office, phone calls with your college friend who's off saving the world, and the student loan debt balance you've already grown since 1L year, figuring out a career path feels about as easy as lighting a match with your toes. And I know, because I've been there.
You're knee deep in studying for the bar. In fact, you should probably be studying right now instead of reading this post, but everyone needs the occasional break. And you desperately need something to look forward to if you're going to dive back into a four-hour lecture on torts.
Your friends with rich parents and no student loans might be able to jump online and book a vacation in the south of France, but you need a trip that rewards you for all these miserable hours without destroying your bank account.
There are countless things you'd probably never like to do again. Two likely contenders:
1. Live through the awkwardness of middle school
2. Study for the bar
On a Sunday afternoon several years ago, my wife and I sat at our kitchen table, staring glumly at a budget I'd worked up for us.
Even though we were both attorneys at the time, the numbers were ... less than great. My wife worked at a small law firm, and I worked as a government attorney—good jobs by most standards. But I carried a hefty debt load from law school, and those monthly payments took a serious chunk out of our budget.
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