LPM Tip

Student Loan Management 101

Student loans. Everybody's got 'em. Nobody wants 'em.

But, since student loans are one of the most ironclad debt instruments known to human history, you won't be able to get rid of the obligation entirely. The trick, then, is figuring out how to manage your debtload, while having enough money left over to achieve your professional and personal goals.

As a lawyer, you've likely borrowed a significant amount of money to get you through law school. If you're a law student, you'll soon find out what those payments look like in real time.

The student loan maze can certainly be confusing; but, there is help available:

This free video, from the MBA and LOMAP, features nationally-recognized student loan expert, Heather Jarvis, and Ryan Nofsinger, of GL Advisor, who together cover loan forgiveness, repayment options and financial planning considerations, while taking web and in-person audience questions.

If you need to get a handle on your student loans, this is the place to start.

Tip courtesy of Jared Correia, Law Office Management Assistance Program.

Published October 13, 2011

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To learn more about the Law Practice Management Section, which is complimentary for all MBA members, contact LPM Section Chair Thomas J. Barbar or Vice Chair Stephen Seckler.