Thanks to the College Cost Reduction and Access Act, enacted this past fall, public interest lawyers weighed down by student loans can experience some debt relief. The law, which attracted broad, bipartisan support, offers debt-service reductions and, at the end of 10 years, wipes out outstanding loan balances. Advocates of the new law, including the American Bar Association and The Association of American Law Schools, say it will boost the recruitment and retention of lawyers for public service careers.
February 12, 2008 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
Fresh out of the University of Texas School of Law, Shirley Horng started work with the Legal Aid Society of the District of Columbia last fall. Like many young lawyers, Horng, 26, began her career saddled with debt.
The obligations from her $82,000 in student loans drain her checking account so much that she barely has enough left each month to cover her rent. Movies and restaurants are out of the question.
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