Forgive Student Loans, reports the American Bar Journal

From the ABA Journal:


Was It Worth It? With Debt of Up to $250K, Some Law Grads Are Dubious

Posted Sep 4, 2009, 01:20 pm CDT
By Martha Neil

Zack Leshetz would like to get married and buy a home.

But his $175,000 in student loan debt is a significant roadblock, reports the Wall Street Journal in a lengthy article about the growing educational debtload being shouldered by
young Americans.

Even though some of his loans are in forbearance, he is living paycheck to paycheck, the 30-year-old Fort Lauderdale, Fla., attorney tells the newspaper. Engaged since March, he is reluctant to schedule a wedding due to the cost.

"I feel like I'm putting my entire life on hold," he says.

And he's far from the only one wondering about the high cost of his apparent academic success.

Kristin Schlaud owes almost a quarter of a million dollars in educational debt after going on from college to earn a juris doctor degree from Wayne State University Law School and a master's degree in real estate from the John Marshall Law School.

"I know I have accomplished a lot, but I wonder if it was all worth it," the 28-year-old tells CNN.

A New York lawyer, Robert Applebaum has been rallying support on Facebook and an advocacy website, Forgive Student Loan Debt, for a proposal that the government
should eliminate educational debt as part of an economic stimulus program, the news agency notes.

Click here to continue reading this great article.