This article originally appeared in the May/June 2020 issue of GPSolo magazine, volume 37, number 3, published by the American Bar Association Solo, Small Firm and General Practice Division. All rights reserved. This information or any portion thereof may not be copied or disseminated in any form or by any means or downloaded or stored in an electronic database or retrieval system without the express written consent of the American Bar Association. Membership in the Solo, Small Firm and General Practice Division is now complimentary. Join now.
Student loan borrowing has outpaced all consumer borrowing except home mortgages, yet students and their parents are given little guidance on how to borrow responsibly. This article will discuss common pitfalls of student loan borrowing, provide an overview of student loan programs, and share a strategy for borrowing responsibly.
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