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Understanding Law School Debt While Looking for the Right School

Law schools have started dispatching admittance letters, and most applicants are going to have choices to make. Though thinking about debt is the least fun part of the law school process, applicants and recent graduates need to understand the consequences of debt now, rather than later.

Often applicants just push debt to the back of their mind or think about it only vaguely. But if you don’t understand what debt means in terms of dollars and dimes, it can limit your options after graduation. Understanding the numbers behind the interest on your debt is different than simply knowing interest is out there.

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This information is provided by Vinson & Elkins LLP for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.