Paul L. Caron
Dean





Saturday, November 12, 2022

Lawyers Who Had to Pay Off Their Student Debt Think You Should, Too

Law.com, Readers' Poll Results: Lawyers Who Had to Pay Off Their Student Debt Think You Should, Too:

When it comes to lawyers’ views on President Joe Biden’s (now-endangered) student loan forgiveness plan, the dividing line between supporters and detractors is clear: those who have already paid their dues are not keen on letting others off the hook.

On Thursday, the pendulum swung in their favor when a federal judge in the Northern District of Texas struck down the plan as unconstitutional. The Biden administration immediately appealed the ruling to the U.S. Court of Appeals for the Fifth Circuit, where the matter is now pending, leaving the program’s fate in question for the time being.

In a recent Law.com readers’ poll, the percentage of respondents who said they have no remaining law school debt aligned very closely with the percentage of respondents who said they disagreed with Biden’s plan. ...

“It is patently unfair,” one respondent said. ”What about the people who paid their loans off? What about the people who muddled through without loans? Also, people need to take responsibility for their choices. Those who incurred hundreds of thousands of dollars of debt for courses from an online, for profit institution that can’t show a return on investment shouldn’t be rewarded for making bad choices. If they were defrauded, they should be compensated, but they shouldn’t stand on equal footing with those who incurred debt to get an education that was more likely to improve their earning capacity.”

https://taxprof.typepad.com/taxprof_blog/2022/11/lawyers-who-had-to-pay-off-their-student-debt-think-you-should-too.html

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