Professionalism and Student Debt

Student Loans and The Impact on New Lawyers

Student loan debt in America was $1.3 Trillion dollars at the end of 2015 and had surpassed credit card debts owed by Americans. Student loan debt is now second only to Housing debts owed by Americans.  Law students and young lawyers have the difficult challenge of having to practice with sometimes excessive student debt impacting their practice and lives. 

The student loan area has been wrought with fraudulent and deceptive schemes to lure consumers into debt. Law students should be very wary of incurring excessive debt and know their rights as a consumer.  Here are two resource documents compiled by a member of the Committee on the Profession with experience in consumer protection.

Outline on Student Loan Issues

Student Loan Q&A

If you are interested in learning more about student debt issues. Please review the video below presented by the Committee on Profession.

Louisiana State Bar Association
601 St. Charles Avenue
New Orleans, LA 70130
(800) 421-LSBA(5722) / (504) 566-1600