Destroy Loans

Wealthy lawyers don’t have student loans.
What’s your plan to pay off yours?

destroy the monster

How to Beat the Student Loan Monster

Let’s face it. You hate your student loans. If you want to get rid of them, you need to own the debt and develop a plan for eliminating them from your life. It’s going to take you a long time but it’s not going to be as hard as you think.

Read More

Looking to Outsource?

Sometimes life is too busy and you don’t want to do it all yourself. Over the years, many people have asked me to connect them with the “good guys” in the financial services industry. Below are people and companies that I’ve personally vetted (often meeting them in person). Know that they are paid advertisers on the site but that I routinely recommend them to friends and colleagues and would do so even if they weren’t advertisers.

Advertiser Disclosure

Latest posts in Loans

Student Loan Forgiveness During the Biden Administration

Student loan forgiveness is a hot topic, and one that can have a significant impact on millions of Americans. Does the president have the authority to cancel student debt? Can Congress do it? Here’s a summary of where things currently stand with the student loan “freeze” and forgiveness.

John R. Justice Grant Program for Public Defenders and Prosecutors

The JRJ provides grant money to put toward paying off your student loans if you work as a state public defender or prosecutor, federal defender, or for a non-profit contracted by the state to provide public defense. The specific requirements vary by state and the funds probably won’t cover your monthly loan payments, but every little bit helps in fighting the student loan monster.

How to Get Student Loan Assistance from LRAP

The LRAP gives grants to lawyers working in public service to use toward repaying their law school loans. Most people who apply do get awarded funding, so it’s worth exploring!

Should You Use a Mortgage Broker?

A mortgage broker can save you time by showing you a variety of mortgage options that you qualify for, but they may also be limited in which lenders they work with or charge high fees. Here’s how to research a mortgage broker to make sure you’re using a good one. If you’re a lawyer, consider getting a JD Mortgage to avoid putting together a big down payment and paying for PMI.

Navient Quits Servicing Student Loans

What’s happening to borrowers now that Navient has left the student loan servicing business? Here’s what to do if your loan servicer quits.

The Student Loan Freeze Ends in May: Here’s What It Means for You

May 1, 2022 marks the end of the student loan freeze that was brought on as part of a COVID-19 relief program. As interest accrual and required payments start back up, all federal borrowers need to check in on the status of their loans and prepare a plan. Here’s the backstory on the loan freeze and what you need to know moving forward.

A Guide to Public Service Loan Forgiveness (PSLF)

Law school is more expensive than ever. The increased price has students looking for a variety of ways to pay for law school, but often students have to take out loans. Upon graduating law school, there are many ways to pay back those loans. One option that is often discussed is the Public Service Loan Forgiveness

Save more money than your friends

One email each week covers personal finance, financial independence, investing and other stuff for lawyers that makes you better.