With lower starting salaries and higher tuition rates, today’s law students face tough decisions when it comes to financing their education. In addition to school rank, employment rates, and average starting salaries, future lawyers need to be aware of loan terminology and how it affects their future ability to pay. But how much do you have to know to make an informed decision? Unfortunately, there is a lot to consider, including your future area of law, fixed vs. variable interest rates, short term loans vs. long term loans, tax implications, federal requirements, and much more. The good news is, there are organizations and people who can help.
In this episode of ABA Law Student Podcast, hosts Fabiani Duarte and Madison Burke deep dive the treacherous waters of student loan debt with CommonBond CEO and Co-Founder David Klein. Together, they review many factors students should consider before signing one of the biggest contracts of their lives. In addition, they present a case study th