Careers

ABA Prez Laments Young Lawyers ‘Squashed by Debt,’ Presses Deferment Idea


The ABA continues to lobby for student loan deferments for recent law grads, despite Congress’ failure to advance the proposal.

ABA President Carolyn B. Lamm told The BLT: The Blog of Legal Times that congressional and White House aides appeared interested in finding a solution when she and other ABA officials sought their help. But the loan deferment idea wasn’t included in either of two appropriations bills approved last month.

Under the plan, unemployed recent graduates would be allowed to convert private loans into federal ones, a change that would give the graduates up to three years to defer payments, the National Law Journal reported last month.

“Wherever we have an opportunity, we share our views,” Lamm told The BLT. “What we can’t have is this situation of a generation of young lawyers squashed by debt.”

Educational debt averages nearly $60,000 for public law school graduates and more than $91,000 for private law graduates, according to the ABA.

Previous:
BigLaw Laid Off More than 12,000 People in 2009, the Worst Year Ever

Next:
Legal Recruiters Expect 2010 Will Be a Busy Year


We welcome your comments, but please adhere to our comment policy. Flag comment for moderator.

Commenting is not available in this channel entry.