Even Biglaw employees struggle to pay off their huge student loans



This is a seemingly absurd position: you can make enough money to have very high taxes, but home ownership is completely unaffordable. I say this as a very lucky person.

Marcella Jane, the third year of a Foley & Lardner lawyer who now raises over $ 215,000, commenting significant student loan debt after college and law school. Jane, a single mother with two children, paid $ 2,200 a month from her balance sheet of $ 180,000 before the federal moratorium on student loans was imposed. “We were heading for the cliff,” she said of the provision of child care for special needs coupled with a monthly loan payment that was higher than her monthly Manhattan rent. While Jane is grateful for the delay, she says she is looking for something more. “I feel like it’s a patch. I want a change in politics. “

Stacy ZaretskyStacy Zaretsky She is the Senior Editor of Above the Law magazine, where she has been working since 2011. She would like to hear from you, so please email with any advice, questions, comments or criticisms. You can follow her Twitter or contact her at LinkedIn


Source link