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The American Bar Association is taking a stand for law students. With a poor economy and ever increasing prices of living and education, the ABA is asking Congress to help law students by giving them more time to pay off their debts.
According to an article on ABAJournal.com, the ABA is asking Congress to make commercial lenders allow law school students to put off paying back loans for up to 3 years. This postponement of payment has been allowed by federal student loan programs and, with the ABA’s hard work, future law students can hope the provision is extended to commercial loans.
Law school is very expensive and every little bit helps. So, stay tuned to this legislation.
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