Spring Financial Wellness events

Loan Repayment Strategies

Thursday, April 5
Noon in Room 3250
(Lunch provided, please RSVP)

Are you concerned about your student loans and how you'll manage repaying them? You’re not alone! Repayment can be manageable (and affordable) if you have a strategy for success. We've invited Dr. Jeffrey E. Hanson, a nationally recognized expert on student loan repayment, to help you explore the options that are available to you.

This interactive session will focus on developing a strategic plan for managing loan repayment successfully, including information about:

• Understanding the unique nature of federal student loans and the role of "opportunity cost" in deciding how to approach loan repayment strategically—it may not be best to pay off this debt as fast as possible!
• Knowing how to select the loan repayment plan that best achieves your goals given what you can afford to pay each month.
• Determining what options are available if you cannot afford to make a loan payment when one is due.
• Taking advantage of loan forgiveness programs when you qualify for them.
• Managing loan repayment so that you are successful in repaying your loans while also achieving your other personal, professional and financial goals.
  
  

Public Service Loan Forgiveness

Friday, April 6
Noon in Room 3250
(Lunch provided, please RSVP)

Are you considering a career in public service? This seminar is for you!

In this interactive session, Dr. Jeffrey E. Hanson will focus on the options that are available in managing loan repayment when pursuing a career in public service including:

• Public Service Loan Forgiveness (PSLF)
• Income-Driven Repayment (IDR) plans
• Loan Repayment Assistance Programs (LRAPs)
  
  

One-On-One Loan Repayment Counseling Appointments with Dr. Jeffrey E. Hanson

Thursday, April 5
9 a.m. to noon and 2 to 6 p.m.
Room 5350 (library study room)

Friday, April 6
9 a.m. to noon and 2 to 6 p.m.
Room 5350 (library study room)

Appointments will be made on a first-come, first-served basis. If you are no longer able to attend your appointment, please cancel it immediately. Sign up for your 30-minute appointment.

Dr. Hanson will also offer one-on-one appointments to assist students with creating their loan repayment action plan. This is an invaluable opportunity to further explore your loan repayment options with an expert in the field.

To maximize the value of the one-on-one session, you are required to bring a printed copy of your federal student loan summary and loan details from the National Student Loan Data System (NSLDS)--a confidential database maintained by the U.S. Department of Education. Simply go the www.nslds.ed.gov and follow the directions for logging into your Financial Aid Review. The NSLDS information will be used to review the current loan holder and servicer information for each of your federal student loans, the current amount you owe on each loan (including accrued interest), and to provide an estimate of the minimum monthly payment that will be required under each of the federal student loan repayment options for which you qualify based on your current federal student loan debt. Do not download the "Student Data Download" data file that is available. Just print out the home page of the "Financial Aid Review" showing your loan summary.

You also may want to bring a printed copy of a recent redit report to the appointment if you have other consumer debt such as private student loans or credit card debt. The credit report information will allow you to more fully discuss options for repaying any private students loans you have borrowed as well as to evaluate your overall indebtedness so that a strategy can be suggested for managing repayment of that debt in the context of repaying your federal student loans. You can obtain a free copy of your credit report once every 12 months from each of the three national consumer reporting agencies (Equifax, Experian and TransUnion) at www.AnnualCreditReport.com.

Comprehensive Financial Planning for the Young Lawyer

Monday, April 16 at
Noon
Room 3250
(Lunch provided, please RSVP)

Everyone needs a financial plan. Create yours today! A financial planner from North Star Resource Group, a nationwide financial planning firm with a division specializing in counseling lawyers, will present this workshop. This workshop will cover general guidelines for financial planning, with a special focus on the decisions faced by young lawyers, including private versus federal loan refinancing, insurance recommendations, and retirement planning basics.

One-On-One Financial Planning Appointments with North Star Resource Group

Tuesday, April 17
9 a.m. to 8:15 p.m.
Room 5350 (library study room)

Wednesday, April 18
9 a.m. to 4:30 p.m.
Room 5350 (library study room)

Sign up for your 45-minute appointment. (To see all available timeslots, click “Next 4 weeks”)

North Star Resource Group will also offer one-on-one appointments to assist students with crafting a financial plan to achieve their goals. Appointments will be made on a first-come, first-served basis. If you are no longer able to attend your appointment, please cancel it immediately.

Please contact Lauren Devine if you have any questions about these events.

Submitted by Law School News on April 5, 2018

This article appears in the categories: Featured Events