Another great report from Above The Law..
There has been a lot of talk about the Great Resignation, where employees now have more leverage when it comes to obtaining jobs and negotiating salaries due to a labor shortage. But not everyone has benefited from this, and one young lawyer is struggling with what appears to be an unfathomable debt load.
Business Insider featured Steve, a 2017 graduate of the Seattle University School of Law. Steve grew up in a working-class family and became a social worker after graduating college. He said he was frequently advised by attorneys and those around him that pursuing a law degree would leave him well off.
So he went to law school and took out student loans to cover the full cost of attendance thinking he would get a job after graduating and make enough money to pay the loans in full. Some of his loans were Grad PLUS loans, which has the highest interest rate at 7.54%.
Read the full article at
