Law School Student Loan Debt - Lawyers Want Drop in Interest Rate

 "71% of law students leave campus with student loans, according to the U.S. Department of Education, and their average debt hovers around $138,500—higher than any other field besides medicine." - Reuters, June 3, 2022 

Therefore, if a $10,000 forgiveness would be enacted, that wouldn't help much. After all the interest keeps accuring on the rest. And that adds us to big money.

Reuters provides the example of Marcella Jayne, employed at Foley & Larener. She graduated law school in 2018. Her student loan debt is at $173,000. She is a single mother of two. 

What junior lawyers who still haven't paid off that nut would prefer instead of small-peanuts forgiveness is a change in the interest rate. They are thinking of a drop from 7% to 3%.

Connect with Editor-in-Chief Jane Genova at janegenova374@gmail.com. She helps businesses get results telling their unique story. 

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