Loan help for unemployed

November 11, 2009
Back to TopCommentsE-mailPrintBookmark and Share
In a story in the Nov. 11 issue of Indiana Lawyer, recent law school graduate Amanda Whipple wished for assistance in repaying student loans for unemployed attorneys who volunteer at nonprofit or legal services organizations. Amanda may get her wish, if the American Bar Association has anything to say about it.

The ABA is lobbying the Obama administration and Congress to extend relief to recent law school grads who haven’t been able to find a job because of the recession. The ABA proposal doesn’t stipulate that unemployed attorneys have to volunteer their time at any legal services organizations or nonprofits.

The proposal would allow students to defer paying on their federal loans for as long as three years. But this isn’t a novel idea, since people with federal student loans are already able to defer payments under certain circumstances for up to three years. What is different about the ABA’s proposal is its suggestion that students be allowed to get federal loans to pay off their private loans. They’d then be able to defer those federal loans.

The ABA’s Commission on the Impact of the Economic Crisis on the Profession and Legal Needs, which made the proposal, is also seeing if the amount of money a law student can borrow from the federal government could be increased and make that retroactive.

Law school grads have some of the highest amounts of student loan debt, so it makes sense this is an issue the ABA would want to address. If this proposal catches on in Congress and the Obama administration, I expect other professional organizations representing doctors, teachers, and any other group of people with student loans to also lobby for federal help.
ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in Indiana Lawyer editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
  1. why is the State trying to play GOD? Automatic sealing of a record is immoral. People should have the right to decide how to handle a record. the state is playing GOD. I have searched for decades, then you want me to pay someone a huge price to contact my son. THIS is extortion and gestapo control. OPEN THE RECORDS NOW. OPEN THE RECORDS NOW. OPEN THE RECORDS NOW.

  2. I haven't made some of the best choices in the last two years I have been to marion county jail 1 and two on three different occasions each time of release dates I've spent 48 to 72 hours after date of release losing a job being denied my freedom after ordered please help

  3. Out here in Kansas, where I now work as a government attorney, we are nearing the end of a process that could have relevance in this matter: "Senate Bill 45 would allow any adult otherwise able to possess a handgun under state and federal laws to carry that gun concealed as a matter of course without a permit. This move, commonly called constitutional carry, would elevate the state to the same club that Vermont, Arizona, Alaska and Wyoming have joined in the past generation." More reading here: http://www.guns.com/2015/03/18/kansas-house-panel-goes-all-in-on-constitutional-carry-measure/ Time to man up, Hoosiers. (And I do not mean that in a sexist way.)

  4. This is why it is important to consider Long term care insurance. For you and for your loved ones

  5. I am terrified to see Fracking going on not only in Indiana but in Knox county. Water is the most important resource we have any where. It will be the new gold, and we can't live without it and we can live without gold. How ignorant are people?

ADVERTISEMENT