Student Loans and Lawyers

Posted by Tripp
May 15, 2007

While this doesn’t apply directly to tax law, or IRS resolution, I read an article tonight by the Associated Press (link) that says the U.S. House of Representatives passed a bill today by a count of 341-73 that would pay off student loans for lawyers in the amount of $10,000 per year with a maximum value of $60,000.  The catch is, the lawyer has to serve as a public defender or prosecutor for a minimum of three years.  This should help with high turnover rates in prosecutor’s and public defender’s offices. 

One really difficult hurdle public defender’s offices face is trying to recruit and hang on to attorneys who are graduating from law school is student loans that climb into the six-figures.

I guess I can make this apply to tax law because the total estimated cost for the U.S. budget will be in the neighborhood of $25 million per year.  That money has to come from somewhere – so I can imagine with all of these new spending plans, a new president coming soon, and a switch in political power in Congress either taxes will go up or the IRS will continue their aggressive swing to more collection efforts. 

I wish Congress would give some of that money to poor lawyers who work in private practice with mortgage sized student loans…oh well.

Law

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