11 November 2009 The American Bar Association is lobbying the Obama administration and Congress to extend relief to recent law school graduates who went into debt to finance their legal educations but haven’t been able to find a job because of the recession. The ABA wants the government to let unemployed graduates convert private loans [...]

The average law student who graduated from a private university in 2008 borrowed more than $91,500 on the way to earning that degree, and in 2009 the figure was more than $100,000, according to the nonprofit Equal Justice Works.  Combine that with leftover undergraduate debt and the shrinking job market, and you realize the immense [...]

All his life, Robert Bowman wanted to be a lawyer. He overcame a troubled childhood, a tragic accident that nearly cost him a leg and a debilitating Jet Ski collision.  He put himself through community college, worked and borrowed heavily to help pay for college, graduate school and even law school. He took the New [...]

In addition to the paucity of work out there, many Posse List members are under the crushing burden of student loans.  We have followed the reports on various proposals under the stimulus package and other programs to forgive and/or abate student loan debt including discussion of making student loans all or partly dischargeable in bankruptcy. In the [...]