Pitfalls of Paying Off Law School Loans with Your Bonus

By Alex Limontes, Mitchell Hurst Dick & McNelis LLC

Graduating from law school and passing the bar exam can leave young lawyers with a tremendous sense of accomplishment as well as an incredible amount of student loan debt. In this interesting article, Kaitlin Butler discusses the pitfalls that many of us can avoid when using our bonuses to pay down student loan debt. She advises us to always have a plan for our financial futures and to know your debt very well. In addition, it is important to never forget about the tax implications involved when receiving bonuses.

This post was written by Alex Limontes of Mitchell Hurst Dick & McNelis LLC. If you would like to submit content or write an article for the Young Lawyers Division page, please email Rachel Beachy at rbeachy@indybar.org.