Student Loan Surveys

Student Debt Resources

New: The 2021 Student Debt Survey

Most young lawyers struggle to pay off their student loans—with 65 percent saying they suffer from overwhelming stress because of mounting debt. That's according to the ABA's 2021 Student Loan Survey, which compiled responses from more than 1,300 lawyers. See the results from this survey as well as our results from 2020.

View Our - Survey Results

Student Debt In-Depth

Recapping the Results (Video)

The ABA hosted a panel to discuss the findings of “Student Debt: The Holistic Impact on Today’s Young Lawyer” at a Facebook Live event. Learn more about the impact of debt in the lives of attorneys and how it affects mental health.

Watch the - Survey Recap

Law School Loan Debt: Declaration of Dependence

The results are clear: law school debt negatively impacts young lawyers’ everyday lives and their future.

After the Bar - Article

Student Loan Debt Survey news articles

An overview of coverage from media outlets about the results of the ABA YLD's 2021 Student Loan Debt Survey.

2021 - Articles

Op-Ed: Congress must act to relieve student debt burden

ABA President Reginald Turner, in an opinion column for the Daily Journal, writes, "The burden of overwhelming debt is hurting many new graduates — including lawyers — and that affects the American economy. Young people should not be forced to carry this burden alone."

Read the - Column

A week of action on student debt

The ABA hosted a Student Debt Week of Action from Sept. 20-24. Find out more ways you can continue to show Congress how the legal profession moves with one solid voice!

Debt Week - Resources

Student Loan Policy and Advocacy

Loan Debt Video

Understanding and Navigating the Student Debt Crisis

Understanding and Navigating the Student Debt Crisis

The YLD dives into the 2020 Student Loan Debt Survey Report’s findings and discusses proposed solutions – on both the practical, personal level and the systemic, policy level – to address these critical issues.

Watch the - Replay

Infographic

The Impact of Student Loans on Attorneys

90 percent of early-career lawyers have student loans, averaging $130,000, according to a 2021 ABA and AccessLex survey. And that makes it for recent law grads. Full details and the report are coming soon.

Learn - More

On-Demand CLE and Video

Financial Fitness: How Your Finances Affect Your Well-Being

A lack of financial fitness is causing a well-being crisis in our profession. This is due in large part to the toll financial stress puts on a lawyer’s mental, emotional and physical well-being. Learn how poor financial fitness can affect your life and practice and get practical solutions from a Certified Financial Advisor.

On-Demand - CLE

Key Strategies for Managing Student Loans and Other Debt

The elephant in every room is that more than 50% of Americans have a debt or credit problem. Yet almost 100% of them are unwilling to talk about it because we are terrified of what others may think...even though they all have the same problem!

ABA Career Center - Webinar

How COVID-19 is Affecting Young Lawyers and Recent Graduates

Lawyers who are entering the profession are now faced with unanticipated challenges upon entry. Along with the challenge of licensure with a delayed bar exam in most jurisdictions, there is also the changing landscape of legal employment combined with the pressures of paying student loans. Learn more about how the current climate is affecting recent graduates.

YLD - Webinar

How to Leverage Your Money during the Student Loan Payment Suspension

For many borrowers, the student loan relief offered by the CARES Act has presented an opportunity to consider using the extra money toward other financial goals. But where to start? Here are five things that you may wish to consider while you have additional income.

After the Bar - Article

Your Financial Troubles May Affect More Than Just Your Wallet

Taking control of your finances and putting yourself on the path to financial fitness can boost your self-esteem and reverse some of these mental and physical effects. If you find yourself struggling with financial fitness, now is the time to act.

After the Bar - Article

10 Tips to Help You Pay Off Your Student Loans and Save for Retirement

How do you tackle both paying off your debt and saving for retirement? By making the right choices early on in your career and by having a clear financial plan.

After the Bar - Article

15 Considerations for When You’re Planning Your Student Loan Repayment

There are two primary paths to debt elimination. Option one is to pursue student loan forgiveness programs. Option two is to pay off the loan in full. Many attorneys, especially recent graduates, may not know the ideal approach for many years. Because of this uncertainty, student loan planning requires an understanding of various strategies and considerations.

After the Bar - Article

Debt, Credit, Student Loans, Buying a House . . . Where Do I Start?

Financial stress is one of the biggest issues facing Americans. Many young professionals are not able to buy a house or are putting off marriage due to overwhelming debt issues, including student loans, credit cards, and other types of debt.

TYL - Article

Best Personal Finance and Investment Apps

With thousands of apps to pick from it’s hard to know which apps to choose. If you need an app to help you save for vacation, keep track of your monthly budget, or invest for retirement, the solution is on this list.

TYL - Article

Save Money with your ABA Membership

Organizations and Collaborators