If working at a firm or hanging your own shingle is more your style, you still have options to help.
For lawyers starting their own practice, you can see if you’re eligible for deferment or forbearance while you’re still getting your income in order.
And continuing this trend is difficult when you work in an environment in which you’re expected to dress to perfection every day.
However, that doesn’t mean you can’t continue living with roommates and even socializing in the same places you did as a law student.
Public sector jobs could make you eligible for Public Service Loan Forgiveness, meaning your loans could be forgiven after 120 consecutive payments on eligible loans.
In other words, you don’t have to take that firm job just because it pays more.
The first thing you should do as a new lawyer is to determine what kind of work you want to do.
And if you have any interest at all in the public sector, don’t be scared off by the lower pay.Check your rate using Ready For Zero's free debt consolidation tool.People have saved thousands by consolidating higher-interest debts using a single, personal loan, this will not negatively impact your credit.Once you do so, or if you’re at a firm, then it’s time to start getting strategic about repayment.(Remember, while deferment and forbearance are helpful, unsubsidized loans may still accumulate interest during this time frame.) One way to pay your loans off faster without having to use all of your extra income to do so is by making biweekly payments.Check Your Rate Now If you are working at a firm and earning higher income, then getting placed into a higher tax bracket will certainly eat into your pay.