BarMax Supports Public Interest Law
This one’s for law students and folks in legal education— Many of you know that I borrowed a boatload of money to pay for my legal education. Then I borrowed a boatload more to pay for an expensive bar review prep course that consisted of a bunch of books and videotaped lectures. Why did I do this? 1) Because my law school (Go Duke!) didn’t teach me how to pass the bar exam, and 2) I didn’t really see any other options. Today’s law students can decide not to borrow risky private student loans to pay for…
New Student Loan Regulations Introduce ICR-A
The Department of Education today published proposed regulations implementing a better, faster, and stronger repayment option for student loan borrowers. Formerly known as President Obama’s Pay As You Earn initiative, it shall now be known by the absurdly non-descriptive name of ICR-A. [sigh] In spite of the stupid name, the new repayment option ROCKS (if you can get it…) There is fine print of course, but here’s the gist: Annual payments are capped at 10 percent of “discretionary income” (IBR’s…
Prosecutors and Defenders to Benefit From Loan Repayment Assistance and Forgiveness Programs
Nearly all law students take on mortgage-sized student loan debt. Public defender and prosecutor salaries have not kept pace with the rising costs of legal education. Prosecutor and public defender offices find it difficult to attract and retain talented attorneys, resulting in overworked attorneys handling unmanageable caseloads and potentially affecting public safety and the administration of justice. The John R. Justice Program was enacted to encourage qualified attorneys to serve as prosecutors and public defenders by providing…
Roundtable on Public Service Loan Forgiveness with Congressman Sarbanes
Tomorrow the Department of Education will release the long awaited Public Service Loan Forgiveness Employment Verification Form. A roundtable discussion on Public Service Loan Forgiveness will be held as well at the University of Maryland, Baltimore. Participating in the discussion will be Congressman John Sarbanes, U.S. Under Secretary of Education Martha Kanter, and Assistant Vice President, Student Financial Assistance & Education Patricia Scott. Tuesday, January 31st, 12:30pm University of Maryland, Baltimore Read…
Student Loan Management for Lawyers
Stressed about your student loans from law school? On The Legal ToolKit, host Jared Correia, Law Practice Management Advisor with Mass. LOMAP, joins Heather Jarvis, student loan expert and former capital defense attorney, to discuss student loan management. Heather offers her insight on consolidation, Public Service Loan Forgiveness, Income-Based Repayment and how lawyers can reduce, or better manage their payments.
