Many law school graduates face the daunting task of paying off their student loans. As someone who paid off undergraduate loans and currently is paying off law school loans, here is some advice.
1. Create a budget.
The first step in paying off student loans is to know what money comes in and control what goes out. This means creating a budget. Every law grad should begin by using a spreadsheet to list after-tax income; fixed expenses, such as rent and utilities; and other common expenses, such as entertainment, gas and food.
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